Weatherford says it’s ready for anything
The top executive at oil services company Weatherford International said he was taking a constructive approach to what he said was a “violent downturn.” The company said in its February Continue Reading
The Coming World of “Peak Oil Demand,” Not “Peak Oil”
In a Greater Middle East in which one country after another has been plunged into chaos and possible failed statehood , two rival nations, Iran and Saudi Arabia, have been Continue Reading
Peak Oil: Are We Not Better Than This? Pt 5
[T]he West’s energy security is assured to a degree that has not existed in the past. That’s good news for the American people and for the world, even if it Continue Reading
Column: Rising oil prices throw lifeline to shale producers – Kemp
Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the first time since mid-December following the largest and most sustained rally in prices since the oil Continue Reading
Unsold crude at sea raises warning flag to oil price bounce
Dozens of tankers with unsold crude have been amassing at sea in the past few weeks, vividly reminiscent of 2015 when a recovery in oil prices was scuppered by rising Continue Reading
Guerrillas and Rebels Do for Oil Market What Producers Couldn’t
Short-term disruptions take out 800,000 barrels/day of supply Leftist guerrillas in Colombia, rebels in Libya and militants in Nigeria are succeeding where the world’s biggest oil producers failed, helping keep Continue Reading
US Gulf Coast gasoline prices reach eight-month high on refinery issues
Another unexpected refinery outage Thursday on the US Gulf Coast helped push gasoline prices to their highest levels in nearly eight months. Conventional 9 RVP gasoline was assessed Thursday at Continue Reading
Something Has To Give – Goldman Sachs Expects More Dividend Cuts
It hasn’t been a great week for Big Oil. BP reported an 80 percent decline in earnings, and ExxonMobil lost its coveted AAA credit rating , which it has held Continue Reading
Why Saudi Arabia Will Not Win The Oil Price War
Crude oil prices continued to surprise on Tuesday, with the U.S. benchmark adding another 4 percent to $44.60 a barrel. West Texas Intermediate is now up 65 percent since hitting Continue Reading
Long-term oil shortfall predicted by Wood Mackenzie
Global supply-side pressures could reverse within 20 years as low crude oil prices crimp spending on exploration and production, Wood Mackenzie finds. For the fifth week in a row, oil Continue Reading