Источник
All the latest in Oil, Gas, Commodity news and analysis
27 апреля, 01:18

Electric Bar Boom Sets Cobalt Up For Massive Price Spike

  • 0

Facing an acute shortage of cobalt coupled with challenging bottlenecks in the existing supply chain, ‘blue metal’ mania has taken hold. Prices are shooting up, hedge funds are hoarding physical supplies, and buyers are wondering where the next shipments are going to come from to feed the phenomenal progression of the electric vehicle (EV) revolution and massive battery gigafactories. First, it was lithium that shot through the roof and made millions for those who invested in it. Those who got in on lithium at the right time saw returns…

Выбор редакции
26 апреля, 22:53

Will Trump Spark An Offshore Drilling Boom?

  • 0

In a bid to fend off criticism over a dearth of achievements in his first 100 days in office, President Trump plans to sign a flurry of executive orders this week. Among them is an executive order intended to open up new areas of offshore oil and gas drilling. "This builds on previous executive actions that have cleared the way for job-creating pipelines, innovations in energy production, and reduced unnecessary burden on energy producers," a White House official told the Reuters earlier this week. The order calls for a “review of the locations…

Выбор редакции
26 апреля, 22:52

Space Mining: The Final Frontier For Oil Countries

  • 0

The centuries-long human fascination with space may go beyond making sci-fi movies and into a brave new world of asteroid mining within just a couple of decades. While scientists and engineers have been studying the costs and technology necessary to launch space mining probes and missions, an analyst reckons that private companies could begin launching satellites prospecting asteroids within five years, and actual mining for water and rare metals on asteroids could begin within eight years. In this new quest for resources, the Middle East oil-exporting…

26 апреля, 22:36

Is Canada’s Oil Industry Regaining Momentum?

  • 0

If dollars were votes, the Canadian oil sands is getting an approval rating of about 55 percent this year. Maybe that sounds like a great number for a politician, but for ongoing oil and gas projects, a “re-investment ratio” less than 100 percent is a vote of non-confidence relative to other hydrocarbon jurisdictions. Some point to the loss of oil sands investment appeal—amplified by the exit of multinationals like Shell, ConocoPhillips, Marathon, Statoil, Murphy Oil and probably others to follow—as evidence of Canadian…

26 апреля, 22:34

GM Factory Seizure Threatens Oil Sector In Venezuela

  • 0

The Venezuelan government’s seizure of a GM factory, as reported by Reuters, signals that the deeply corrupt regime of President Nicolas Maduro is escalating its self-defeating actions. Ironically, for oil prices, this could prove bullish, as the operating environment is increasingly hostile and the few foreign firms still operating oil assets may flee the country. Of course, with oil providing between 40 percent and 70 percent of government revenues (depending on the oil price), a seizure of foreign oil assets by Maduro’s regime would…

26 апреля, 22:21

Russia Thwarts ISIS Attack In Far East Oil Hub

  • 0

Russia’s Federal Security Service, the FSB, said on Wednesday that it had foiled an attempt by alleged Islamic State supporters to carry out a terror attack in a crowded place on the Far East Russian island of Sakhalin, which is an oil and gas hub. Sakhalin is the site of many oil and gas operations and currently has Russia’s only LNG plant. Gazprom and Shell are the major partners in the Sakhalin-2 venture, with Gazprom holding 50 percent plus one share, and Shell owing 27.5 per cent minus one share in Sakhalin Energy Investment Company…

26 апреля, 22:18

BHP Billiton May Try To Sell U.S. Fayetteville Shale Asset Again

  • 0

BHP Billiton said on Wednesday that it is proceeding with a divestment of non-core U.S. acreage for value, and is considering all options for its Fayetteville shale gas asset in Arkansas, including a possible divestment. Back in October 2014, the mining and commodity giant first mentioned that it was considering the sale of the Fayetteville field. “As we look to improve the balance of liquids and gas across our Petroleum portfolio we have initiated the marketing of our Fayetteville acreage. However, we will only divest the field if it…

26 апреля, 22:02

New Kirkuk-Ceyhan Pipeline Explosion Disrupts Kurdish Production

  • 0

A pipeline explosion in Kirkuk caused a disruption in oil production on Wednesday, according to government sources who confirmed the source of the commotion. "An explosion occurred in Kirkuk, which caused considerable material damage and stopped production," the Ministry of Natural Resources said in a press release. "The blast occurred, at two o'clock on Wednesday morning, along the pipeline run by authorities of the Kurdistan region which extracts oil and exports it to Turkey.” No group has claimed responsibility for the explosion yet, although…

26 апреля, 22:02

Bakken Light Reaches Asia For the First Time

  • 0

The first ever batch of North Dakota Bakken crude will reach Asia in the next few days as a result of Mercuria Energy Trading’s latest export deal, according to Reuters, which cited a relevant shipping document. The Swiss energy trader shipped 600,000 barrels of crude from the Bakken formation along with Mars Sour crude from the Louisiana Offshore Oil Port (LOOP) onto the carrier Maran Canopus in late March. The vessel is destined for Singapore, according to the document. North Dakota’s mix of light oil reached Europe last year,…

26 апреля, 21:32

Saudis, Russia To Discuss Oil Cuts Extension Within Two Weeks

  • 0

As OPEC and non-OPEC producers seem to move closer to a consensus over extending the output cut deal beyond June, Saudi Oil Minister Khalid al-Falih will talk a possible extension with Russian Energy Minister Alexander Novak within the next two weeks and may discuss some of the issues on the phone as early as this week, Falih said on Wednesday. “There seems to be a consensus in that direction, but we’re not 100 percent there,” al-Falih told reporters while on a visit to Azerbaijan, as quoted by Bloomberg. “We still…

Выбор редакции
26 апреля, 21:11

Oil Prices Pull Higher As Refiners Soak Up Soaring Crude Imports

  • 0

In today's game of rock-paper-scissors from the weekly EIA inventory report, crude inputs were propelled higher (like a rock), blunting the impact of super-strong imports (the scissors). On paper, the crude draw is bullish, but a modest rally is being kept in check somewhat by solid builds to the products. Hark, here are five things to consider in oil markets today: 1) Even though crude imports jumped higher by over 1.1 million barrels per day last week, a climb into unchartered territory by refinery runs meant that crude inventories were drawn…

26 апреля, 20:08

Pemex Hedges Oil For First Time In 11 Years

  • 0

Mexico’s state oil major has decided to hedge its oil output until the end of the year for the first time since 2006, spending $133.5 million on the maneuver. The hedge will lock in a price of $42 per barrel of Pemex oil for an amount of up to 409,000 barrels per day. The move suggests that Pemex is in the skeptics’ corner of the oil industry – Middle Eastern producers are still hoping to bring prices to $60 a barrel. The government is also skeptical about international oil price-related efforts. In its budget forecast for the…