Last month, US President Donald Trump the “highest level” of US sanctions would be implemented against Iran after the US abandoned the Iran sanction relief agreement. AP photo by Evan Vucci. OPEC asked to support [Read more]
Record high US crude exports to Asia are cutting into traditional Russian and OPEC markets and the widening discount between Brent crude and WTI prices is encouraging buyers to diversify. Bloomberg News photo by Eddie [Read more]
After US President Donald Trump complained about rising oil prices, Saudi Arabia and Russia are considering boosting Russian and OPEC output by about 1 million barrels per day. Anadarko photo. Russian, OPEC output curbed by [Read more]
Russian and Saudi natural gas production expanded significantly in 2017, at 8% and 6% year-on-year growth The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record [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]
New MARPOL (International Convention for the Prevention of Pollution from Ships) limits on sulfur content in marine fuels starting in 2020 could result in 1-1.8MMb/d of additional refinery runs to produce higher volumes of marine [Read more]
Saudi Arabia needs oil prices and revenues to go even higher in the coming years to pay for the kingdom’s transformation away from oil. Saudi Aramco photo. Oil prices have risen 175 per cent since [Read more]
April’s OPEC output dropped to a one-year low mostly due to significantly lower production from Venezuela and reduced exports from the cartel’s African producers, according to a Reuters’ survey. Anadarko photo. OPEC output in April hit [Read more]
Early on Friday morning, US President Donald Trump tweeted that “OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very [Read more]
Oil markets are tightening as the global oil stocks surplus that decimated oil prices in 2014 is close to evaporating, according to a monthly report by the Organization of Petroleum Exporting Countries. Getty Images photo [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]
Saudi Aramco’s CEO Amin Nasser told an audience at CERAWeek in Houston on Tuesday that to keep pace with expected growth in demand and make up for declining fields, the gas and oil industry needs [Read more]
US crude production hit an all time high in November, rising to 10.057 million barrels per day, before retreating slightly in December, according to the US Energy Information Administration. Anadarko photo. November 2017 US crude [Read more]
OPEC Secretary General Mohammad Barkindo, other OPEC officials will meet with US shale companies in Houston to talk about the global oil glut. OPEC photo. Rising US shale production helped boost overall US output to [Read more]
In 3 months prior to November, US crude oil output increased by surprising 846,000/d, and will soon overtake Saudi Arabia New and revised data shows a modest tightening of the balance in the early part [Read more]
If the forecasts prove correct, US shale producers will capture all or most of the predicted growth in global oil consumption this year. Repsol photo. OPEC pact participants conceding market share to US shale producers [Read more]
Saudi Arabia’s Energy Minister Khalid al-Falih said he thinks participants in the OPEC supply pact should continue to work together on rebalancing the oil markets beyond the end of 2018. Reuters photo by Heinz-Peter Bader. [Read more]
OPEC producers continue to match and better pledges made to cut their crude output. CNBC photo. OPEC producers cut output by 1.8 million b/d to rebalance market OPEC producers are concerned rising US shale production [Read more]
Alberta oil sands in good shape to ride out price volatility, but high paying oil and gas jobs won’t be back until 2018 Alberta is watching the Saudi vs. US shale cage match over marketshare with some [Read more]
Higher fuel mileage just leads to more miles driven, Trump plan better strategy for US energy independence How should America achieve energy independence? Donald Trump says ban OPEC imports and boost shale oil production. Energy [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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