John Kemp writes “There is little doubt the Khashoggi killing has weakened the kingdom’s international position and made it more anxious to maintain support from the White House”. Jamal Khashoggi photo via Twitter. By John [Read more]
The Alberta government is looking at a plan to purchase rail cars to help clear the oil sands backlog which has significantly driven down the cost of Alberta crude. Western Producer photo by Robin Booker. [Read more]
Saudi crude shipments are expected to be reduced in December by 500,000 barrels per day next month, according to the kingdom’s energy minister. Bloomberg photo. Saudi crude shipments cut in response to lower seasonal demand [Read more]
The Trump administration is temporarily granting eight countries permission to purchase oil from Iran. The Iran sanctions exemptions for China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey are set to last up to [Read more]
According to a report by the International Energy Agency, major oil and gas exporters will need to commit to reform and economic diversification to cope with the changing dynamics of global energy. Shutterstock photo. Higher [Read more]
The effects of the US reimposing Iran sanctions and the potential response from members of the OPEC and other countries pose significant uncertainty to the forecast. Al Jazeera photo. Trump administration re-imposed Iran sanctions in May [Read more]
NOPEC, or No Oil Producing and Exporting Cartels Act has been dormant for years as past presidents have signalled they would veto any move to pass the legislation. Anadarko photo. NOPEC could open OPEC up [Read more]
John Kemp argues there is no way to wield the oil weapon which would not shake the foundations of the U.S.-Saudi alliance on which the kingdom’s defence depends, leaving it vulnerable to regional rivals, including [Read more]
As oil supply and demand increase, the International Energy Agency says “our position is that expensive energy is back, with oil, gas and coal trading at multi-year highs, and it poses a threat to economic [Read more]
On Monday, hedge fund managers began to take some profits after a rally in Brent prices last week. But by Tuesday, Brent was making gains and nearing $85/barrel. Total photo. Brent prices slip on Monday, [Read more]
Traffic volumes in the United States are down compared to 2017, according to the US Federal Highway Administration, while oil prices have risen. The US EIA predicts consumption will decline by around 10,000 barrels per [Read more]
The Trump administration has set a November 4 deadline for customers of Iranian crude to halt their purchases. The looming Iran sanctions, which are expected to take 1 million barrels per day out of the [Read more]
Average US gas prices are heading into the Labour Day weekend are at their highest since 2014 and 43 cents/gallon higher than this time last year. Average US gas prices hit $2.83/gallon on Aug. 27 [Read more]
Iran sanctions meant to increase pressure in Tehran by cutting the Middle Eastern country’s revenue from crude oil sales to zero, however, the Trump administration’s policy could leave the global market tighter and result in [Read more]
The rate of growth in traffic volumes has been slowing consistently since early 2016, coinciding with the rise in gasoline prices, after accelerating during 2014/15, coinciding with the previous oil price slump. Houston Chronicle photo [Read more]
OPEC says the recent oil rally that saw prices close in on $80/barrel is a short-term spike mostly due to geopolitics, more than a supply shortage. Getty Images photo by Akos Stiller. Oil rally not [Read more]
John Kemp argues that if OPEC maintains its current output curbs through December, the market is set to become exceptionally tight, which will push prices and spreads towards unstable levels. Anadarko photo. By John Kemp [Read more]
Oil prices were mixed on Monday after Iran’s oil minister, Bijan Zangeneh (pictured), said the OPEC supply cut agreement does not need to be extended if high oil prices continued. AP file photo by Vahid Salemi. [Read more]
The kingdom of Saudi Arabia is working to boost oil prices to around $80/barrel to pay for the government’s policy agenda and boost interest in the Saudi Aramco IPO. Saudi Aramco IPO likely in 2019 [Read more]
Oil prices have risen 52 per cent since June 2017 and have put a squeeze on airlines will likely result in higher airfares. Airlines say airfare increases have not kept pace with increasing oil prices [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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