Demand for oil will grow sharply in the next few years as the global economy recovers from the pandemic, OPEC said on Tuesday, adding that the world needs to keep investing in oil production to […]
It is funny you should ask, and the answer is data. If you need data, look to Enverus for the solution. We sit down with Bernadette Johnson, Senior Vice President, and General Management, Enverus, and […]
Source: Graph by the U.S. Energy Information Administration, based on data from Evaluate Energy Among 54 publicly traded crude oil producing companies, natural gas revenue accounted for 14% of total revenue in the first-quarter 2021. That […]
It is no secret that our King Operating research team has been a “Perma” bull on oil and gas. Between geopolitical, shifts in world energy policies to renewables, declines in available capital to E&P companies, […]
Brent rallied, nearing the key $80-a-barrel mark, on signs that the crude market is rapidly tightening amid a global energy crunch. The global benchmark crude surged as much as 2.3% to the highest level in […]
China’s oil consumption could peak in five years at a daily level of around 16 million barrels, a senior Sinopec executive has forecast, as quoted by Reuters. Ma Yongsheng, acting chairman of the state oil major, also […]
Source: U.S. Energy Information Administration, Weekly Petroleum Status Report and Working and Net Available Shell Storage Capacity Report Note: Crude oil inventories shown here are total stocks minus pipeline fill and stocks in transit by water, rail, and truck. Crude […]
Saudi Arabia has prevented yet another attack by the Yemeni Houthis, this time in the city of Jazan, which is home to extensive Aramco oil infrastructure. Reuters reported the Saudi-led coalition that is fighting the Houthis in […]
Iran’s power market is bucking global trends and in the process revealing a key economic buffer that helps the country withstand international sanctions. While European electricity prices spiked over the last month, shutting down energy-intensive industries and […]
Oil ended the session unchanged after choppy trading with traders focused on adjusting positions in U.S. crude options ahead of expiration. Futures in New York closed flat on Thursday after earlier declining as much as […]
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