Russia built a self-proclaimed fortress around its economy in the run-up to war—but there was a crack. Moscow depended on foreign middlemen to ferry its most strategic and lucrative export Continue Reading
America’s most prolific oil field is running out of the workers, cash and equipment needed to produce more oil. In the Permian Basin, the sprawling oil-rich region in West Texas Continue Reading
Crude oil prices remained largely unchanged today after the U.S. Energy Information Administration reported a modest crude oil inventory build of 700,000 barrels for the week to April 22. This Continue Reading
Gasoline stocks fall 1.57 million barrels USAC gasoline stocks 22% below average Cushing stocks at 11-week high Major US refined product inventories saw counter-seasonal draws in the week ended April Continue Reading
McKinsey: uptake of electric vehicles is the main driver for stagnating growth in oil demand. McKinsey: global liquids demand to peak around 102 million barrels per day within 2-5 years. Continue Reading
Blackrock CEO Larry Fink: elevated energy prices ” will spur a huge amount of investing .” Goldman Sachs: there are five robust factors that could fuel a tripling of oil Continue Reading
Russia may see its oil production fall by as much as 17% in 2022, an economy ministry’s document seen by Reuters showed on Wednesday, as the country struggles with Western Continue Reading
The crude market isn’t that tight, but the oil market is. The bullish narrative going into the Russian-Ukraine crisis was driven by a short-term perspective and flawed thinking around crude Continue Reading
World Conventional Oil output peaked at a centered twelve month average (CTMA) of 74193 kb/d in July 2016. This peak is unlikely to be surpassed in the future. I do Continue Reading
Oil and natural gas investments are on the rise despite the global push toward renewable energy. The global transition to green energy will need the help of fossil fuels to Continue Reading
