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HomeOil Prices

Oil Prices

Opinion

Opinion: Trump presses Saudi oil advantage after Khashoggi

November 22, 2018 Energi Staff

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]

oil sands backlog
Alberta

Notley asks Trudeau to share cost of 120,000 b/d unit trains to help clear oil sands backlog, boost prices

November 22, 2018 Energi Staff

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
News

Saudi crude oil shipments to be cut by 500,000 b/d after Trump grants Iran sanction waivers to China, India and 6 other countries

November 12, 2018 Energi Staff

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]

Iran sanctions
News

US grants Iran sanctions waivers to eight countries, including China

November 5, 2018 Energi Staff

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]

oil and gas exporters
News

Oil and gas exporters to face unprecedented challenges: IEA study

October 25, 2018 Energi Staff

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]

iran sanctions
News

Iran sanctions clouds oil and gasoline price forecasts

October 24, 2018 Energi Staff

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
News

OPEC: Talk market stability, not oil prices to avoid NOPEC

October 17, 2018 Energi Staff

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]

oil weapon
Opinion

Opinion: Saudi Arabia’s oil weapon doesn’t work

October 16, 2018 Energi Staff

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]

oil supply
News

IEA: Oil supply and demand nearing significant peaks

October 12, 2018 Energi Staff

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]

Brent prices
Opinion

Opinion: Brent prices fall as fund managers take profits

October 9, 2018 Energi Staff

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]

gasoline consumption
Opinion

Opinion: US gasoline consumption stalls as higher prices take toll

September 25, 2018 Energi Staff

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]

Iran sanctions
News

Looming Iran sanctions drain crude surplus, boost oil prices

August 30, 2018 Energi Staff

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]

gas prices
News

US retail gas prices at four-year high heading into Labour Day

August 29, 2018 Energi Staff

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
Opinion

Opinion: Could Saudi Arabia replace all the barrels lost from Iran sanctions?

July 9, 2018 Energi Staff

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]

gasoline prices
Opinion

Opinion: US motorists react to rising gasoline prices

July 3, 2018 Energi Staff

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]

oil rally
News

Oil rally nearing $80 a short-term spike, not supply-driven: OPEC

May 17, 2018 Energi Staff

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]

OPEC
Opinion

Opinion: Mission accomplished for OPEC as oil moves from slump to boom

April 24, 2018 Energi Staff

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
Financial

Oil prices mixed as Iran says OPEC pact extension not needed

April 23, 2018 Energi Staff

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]

aramco IPO
News

Saudis aim for $80/barrel to pay for gov’t agenda, boost Aramco IPO

April 10, 2018 Energi Staff

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]

airfares
News

Rising oil prices likely lead to higher airfares: Airline executives

February 5, 2018 Energi Staff

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]

Posts pagination

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In the Spotlight

The Canadian energy conversation is stuck in the wrong century

by Markham Hislop in Markham on Energy

Find Energi Media journalism in video, audio, and essays YouTube Channel: Video energy news Substack Essays: Thoughtful Energy Journalism Energi Talks Audio Podcast Real story of this energy crisis is not supply disruption, but demand [Read more]

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News: editor@energi.media

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