On Monday, OPEC+ announced that the cartel has agreed to a modest production cut. Crude futures have been battered of late amid threats of a global recession, Chinese lockdowns and virus outbreaks, as well as […]
We are in major turmoil (pun) around the world’s energy crisis. Where do you think oil and gas prices are going from here? Key influencing factors include; Decreased demand due to economic factors Germany’s major […]
Saudi Arabia’s energy minister has said that all options are on the table for Opec-plus, as it seeks to calm a “yo-yo” oil market that he views as a threat to energy security and the […]
The United States Strategic Petroleum Reserve has fallen to its lowest inventory level seen since 1985 under the stewardship of President Joe Biden and his Democrat-controlled Congress. Repeated withdrawals from the reserve have been leveraged […]
Many people know me as a “Perma Bull” on the commodities prices of oil and gas. There is a real reason for my opinions, and that involves data. It is tough working in the oil […]
Energy Intelligence balances show the world should have enough crude oil through 2023 if some spare capacity is tapped, with a wider margin of error if an Iran nuclear deal can be clinched. Tepid demand from still-high prices for […]
Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of OPEC said. Fears over slowing consumption in China and […]
Crude market players are zeroing in on Iran’s ability to increase oil exports, driven by whisperings of progress in talks to revive the 2015 nuclear agreement. Leaders in Tehran and Washington are scrutinizing the text […]
The 31st OPEC and non-OPEC ministerial meeting, which was held via videoconference on Wednesday, offered several warnings, including the identification of a “severely limited availability of excess capacity”. In the meeting, the group noted that […]
Saudi Arabia and the United Arab Emirates have been working to increase their domestic gas production. Middle East oil and gas producers see an opportunity for long-term LNG supply contracts in Europe. Oman plans expansion […]
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