Источник
All the latest in Oil, Gas, Commodity news and analysis
Выбор редакции
22 июля, 19:00

UK Prime Minister To Chair Meeting On Iran Tanker Crisis

  • 0

UK’s Prime Minister Theresa May will chair a meeting of emergency committee Cobra following Iran’s seizure of a British-flagged tanker last Friday, the BBC reports. The report notes the meeting comes amid talk about the UK freezing Iranian assets in response to the tanker seizure which Iran has been threatening in retaliation for the seizure of an Iranian oil-carrying vessels in Gibraltar earlier this month. The tanker, Gibraltar authorities said, was violating EU sanctions against Syria. Last weekend, Foreign Minister Jeremy Hunt said…

Выбор редакции
22 июля, 19:00

RBC: Natural Gas Glut Will Last Into 2020s

  • 0

A supply overhang in natural gas will persist into the next decade, the Royal Bank of Canada has projected, adding that China will be the single biggest driver of demand on this market. S&P Global Platts quoted the bank’s report on the topic as saying "We see the market as clearly oversupplied in 2019 and more moderately oversupplied in 2020, with really only China able to re-balance the market through continued demand growth."  Thanks to its massive coal-to-natural gas switch, China became the world’s second-biggest LNG…

Выбор редакции
22 июля, 17:30

30,000 In NYC Without Power During Heat Wave Weekend

  • 0

Some 30,000 Con Ed customers in New York City were left without power temporarily yesterday as the utility fought a string of outages caused by the heat wave that struck the city this weekend. “Here’s where we stand: Con Ed is taking 30K customers in Brooklyn, including Carnarsie, Mill Basin and Flatbush, temporarily off power so it can make repairs and prevent a bigger outage,” New York Mayor Bill de Blasio said in a tweet on Sunday afternoon. In a later tweet, De Blasio said Con Ed would begin bringing back customers to the…

Выбор редакции
22 июля, 17:30

Oil Market Prepares For Super Secret Mexico Hedge

  • 0

Wall Street banks have started preparing their positions on oil ahead of the annual Mexico oil hedge, in which Mexico places bets of as much as US$1 billion to protect its coffers from oil price volatility in the next 12 months. Reuters quotes traders and brokers as saying crude oil future and options has seen an increase in the past week, which suggests the time of the hedge is near. The deal is the most secretive in the oil world and is followed closely by banks as a sort of weathervane for oil prices. A handful of these are directly involved…

Выбор редакции
22 июля, 02:00

The Two Most Important Catalysts For Oil

  • 0

The International Energy Agency (IEA) said that it would cut its oil demand forecast due to a slowing global economy. “China is experiencing its slowest economic growth in the last three decades, so are some of the advanced economies ... if the global economy performs even poorer than we assume, then we may even look at our numbers once again in the next months to come,” the IEA’s executive director Fatih Birol told Reuters in an interview. Only a week after it issued its July Oil Market Report, in which the IEA said that demand…

Выбор редакции
22 июля, 00:00

U.S. Shale Is Doomed No Matter What They Do

  • 0

With financial stress setting in for U.S. shale companies, some are trying to drill their way out of the problem, while others are hoping to boost profitability by cutting costs and implementing spending restraint. Both approaches are riddled with risk. “Turbulence and desperation are roiling the struggling fracking industry,” Kathy Hipple and Tom Sanzillo wrote in a note for the Institute for Energy Economics and Financial Analysis (IEEFA). They point to the example of EQT, the largest natural gas producer in the United States. A corporate…

Выбор редакции
21 июля, 22:00

Why Saudi Arabia’s Crown Prince Keeps The Aramco IPO Alive

  • 0

The Aramco IPO story seems more and more to be a line from the world famous story of “Scheherazade and 1001 nights”. As the famous princess needed to tell stories to save her life from the wrath of Sultan Shahryar, Saudi Crown Prince Mohammed bin Salman (MBS) repeats the Aramco IPO story to quell possible opposition inside his Kingdom. Since more than three years, the global financial world has shown a healthy appetite to take a share in Aramco, the world’s largest and most profitable oil and gas company. Western, Asian and Russian…

Выбор редакции
21 июля, 20:00

What’s Behind The North Sea Spending Spree?

  • 0

Emerging from one of the worst downturns in decades, one of the world’s oldest producing oil basins, the UK North Sea, is now taking a leaf out of U.S. shale’s playbook to replicate the leaner, meaner shorter-cycle production developments of one of the newest—and fastest-growing—oil regions globally. Large operators offshore the United Kingdom have been looking at ways to cut costs at major projects, and the majors and smaller players alike are also developing resources via tie-backs to existing infrastructure to reduce…

Выбор редакции
21 июля, 18:00

Electric Vehicle Sales Are Exploding In Europe

  • 0

The next two years are likely to be the tipping point for electric vehicles (EVs) going mainstream in Europe, as the number of electric car models on the European market is set to more than triple in the next three years, Transport & Environment (T&E), Europe’s leading clean transport campaign group, says in a new analysis.  According to T&E, which analyzed the upcoming offerings using data from authoritative industry source IHS Markit, the number of EV models made across the European Union (EU) will jump from around 60 models…

Выбор редакции
21 июля, 02:00

The World Can’t Let Nuclear Energy Die

  • 0

This is the final article in a series based on BP’s recently-released Statistical Review of World Energy 2019. Previous articles in this series covered carbon dioxide emissions, petroleum supply and demand, the production and consumption of coal, global natural gas trends, and the continued explosion in the growth of renewable energy: BP Warns Of An Unsustainable Path The U.S. Accounted For 98 percent Of Global Oil Production Growth In 2018 Coal Demand Rises, But Remains Below Peak…

Выбор редакции
21 июля, 00:00

Russian Crude Could Still Be Dirty By Mid-2020

  • 0

As Poland’s biggest refiner publicly criticized the deteriorating quality of Russian oil, a suspect in the investigation into pipeline contamination that has severely disrupted Russian supplies is seeking asylum in Lithuania.  Earlier today, Reuters cited an official at PKN Orlen, Poland’s biggest refinery, as saying that Russian crude oil has been deteriorating in quality--despite the ongoing cleanup following that April contamination scandal that disrupted supplies and launched a tense backlash among buyers.  At the same…

Выбор редакции
20 июля, 20:00

The Ten Countries With The Greatest Fossil Fuel Production

  • 0

Despite the rapid growth of renewable energy over the past decade, fossil fuels still dominate global energy consumption. According to BP’s recently-released Statistical Review of World Energy 2019, fossil fuels represented 84.7 percent of global energy consumption in 2018. A few weeks ago I received a press kit on this topic. I usually receive several of these each week, most of which aren’t of enough relevance to share with readers. This one, I felt, was. A company called 911 Metallurgist pulled together…