Activity in the US oil and gas industry continued to climb last quarter and was driven by gains in the oilfield services sector, however, the cost of goods and labour also rose. Anadarko photo. A [Read more]
Hedge funds have turned more bullish, but with so few speculative short positions remaining to be covered, there may be few buyers around if and when the holders of long positions decide to engage in [Read more]
Oil prices hit $71/barrel on Tuesday due to OPEC’s supply cut pact and growing tensions between Saudi Arabia and Iran. As the session continued, oil prices retreated and settled in close to Monday’s values. Apache [Read more]
All environmental charges are currently before the Court, and have not yet been proven On March 22, Environment and Climate Change Canada laid a number of charges against Husky Energy Inc. and Husky Oil Operations Limited [Read more]
World electricity demand increased by 3.1%, China and India accounted for 70% of growth The International Energy Agency’s first Global Energy and CO2 Status Report – released in March 2018 – provides a snapshot of recent global trends [Read more]
After oil prices rose over one-third in the past year, a number of large US shale oil companies have either paid dividends or vowed to pay dividends to their shareholders this year, according to Reuters. [Read more]
Oil prices dipped in Monday trading as investors took profits from last weeks gains, however, concerns over tensions involving Saudi Arabia and Iran supported the oil market. Anadarko photo. Brent oil prices gained 6.4 per [Read more]
Oil prices hit their highest level since late January on Friday after Saudi Arabia’s energy minister said the OPEC cuts need to be extended into 2019. Anadarko photo. Oil prices hit session high of $70.22/barrel [Read more]
Oil prices almost hit $70/barrel earlier in the session, but dipped slightly as investors took profits following the week’s rally. Anadarko photo. US oil prices down about 1 per cent Thursday Oil prices fell slightly [Read more]
Oil prices rose as tensions in the Middle East escalated following a meeting between Saudi Arabia’s Crown Prince Mohammed bin Salman and US President Donald Trump on Tuesday, raising speculation that sanctions against Iran could [Read more]
In February, compliance among producers participating in the OPEC supply cut agreement hit a record high of 138 per cent, up from January’s high of 133 per cent. Anadarko photo by Mike Goldwater. OPEC supply [Read more]
Arctic Alaska oil production dropped this winter due to warmer than expected conditions. Higher temperatures impacted equipment which is designed to work in frigid conditions. Arctic Alaska oil production dropped the most in Prudhoe Bay [Read more]
The liquidation of bullish positions shows no sign of accelerating. There are no signs of significant fresh short selling. And hedge funds positioning remains exceptionally lopsided. Anadarko photo by Mike Goldwater. By John Kemp LONDON, [Read more]
Venezuela clearly vulnerable to accelerated decline and could tip oil market into deficit territory The past month has been relatively uneventful in terms of data changes, apart from an increase to the International Energy Agency’s(IEA) [Read more]
A nuanced look at energy subsidies, politicians’ favorite policy tool. Photo by Jo Ann Lawrence. Posted by the Energy Institute at Haas Energy Institute Blog on Monday, March 19, 2018. Looking at leveling the playing [Read more]
Oil prices rose on Friday, despite concerns over an interview on “60 Minutes” featuring the crown prince of Saudi Arabia where he said Iran’s Ayatollah Khamenei is “very much like Hitler.” Anadolu Agency/Getty Images photo. [Read more]
Several risk factors could cause an upsurge in oil price volatility in the next few months, including the unwinding of concentrated hedge fund positions, uncertainty surrounding future growth of U.S. shale production and macroeconomic risks [Read more]
The Trump administration says it is looking to make a quick sale of Alaska oil leases in the Arctic National Wildlife Refuge. Meanwhile, opponents warn against rushing the process to permit drilling in the sensitive [Read more]
Oil prices rose slightly in seesaw trading on Thursday, supported by gains in the equity markets, but pressured by rising US crude stocks and concerns that supply will exceed demand this year. Anadarko photo. Oil [Read more]
Failure to re-certify the Iran deal could lead to the re-imposition of secondary sanctions and pressure from the US on other countries to reduce their purchases of Iranian crude again. Yonhap/EPA photo. Trump will face [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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