How Close Are We To Peak Oil Demand?
In 2020, BP shocked energy markets, declaring the world was already past peak oil demand. Now, when analysts talk about peak oil, they are referring to that point in time Continue Reading
Is the world heading towards Peak Oil?
Let’s park up all the environmental downsides of oil usage for the moment. Because despite all of oil’s sins, most of humanity depends on it for everything from the clothes Continue Reading
Biden Has ‘Only Bad Options’ for Bringing Down Oil Prices
When President Biden meets Crown Prince Mohammed bin Salman in Saudi Arabia, he will be following in the footsteps of presidents like Jimmy Carter, who flew to Tehran in 1977 Continue Reading
Oil Set for Sixth Weekly Gain as OPEC+ Supply Boost Disappoints
Boost to Tight Market Oil headed for a sixth weekly advance after a keenly anticipated OPEC+ meeting delivered only a modest increase in output that failed to assuage concerns over Continue Reading
OPEC+ higher quotas, SPR releases may compensate for loss of Russian crude: Vitol’s Muller
Saudi Arabia, UAE may pick up the slack of other OPEC+ members Iranian nuclear agreement and oil deal are unlikely this year the US may turn a further blind eye Continue Reading
A Week Of Turmoil For Oil Markets
The week has seen quite a lot of turmoil in oil markets. With China finally coming out of its three-month lockdown nightmare, oil prices were moved by reports that Saudi Continue Reading
US East Coast Fuel Crisis Deepens Ahead of Peak Season
The supply crisis on the East Coast is growing worse, raising the specter of fuel rationing just as the US enters what is typically the heaviest time of year for Continue Reading
U.S. Interior must weigh climate impacts of oil, gas leasing -settlement
The Biden administration must thoroughly analyze the climate impacts of oil and gas leasing on nearly 4 million acres (1.6 million hectares) of federal land in five states before drilling Continue Reading
US oil, gas rig count adds three on week for 821 as totals approach pre-pandemic levels: Enverus
No large rig adds; Marcellus loses 2, leaving 41 Rig count additions to appear to be slowing Despite high oil prices, the discipline still strong The US oil and gas Continue Reading
Saudi Arabia ready to pump more oil if Russian output sinks under ban
Saudi Arabia has indicated to western allies that it is prepared to raise oil production should Russia’s output fall substantially under the weight of sanctions, according to five people familiar Continue Reading