The Key Ingredient In Tomorrow’s Energy Revolution
The electric vehicle revolution has led to a run up in prices for a variety of metals and other commodities, as global automakers try to keep up with Tesla. The…
Is Saudi Arabia’s Oil Strategy Working?
The IMF estimated that Saudi Arabia will need oil prices to trade at about $70 per barrel in 2018 for its budget to breakeven, a dramatic improvement from the $96.60…
Huge Crude Draw Pushes Oil Prices Even Higher
The American Petroleum Institute (API) reported a huge draw of 5.087 million barrels in United States crude oil inventories, largely in line with an S&P Platts’ survey of analysts that…
The Oil And Gas Industry Is Hiring Again
The oil and gas industry is hiring more than it’s letting go for the first time in three years, a new report from recruitment firm NES Global Talent and Oilandgasjopbsearch.com…
U.S. Shale Could Bring Bearishness Back To Markets
Brent oil has breached the technical and psychological barrier of $60, while WTI inched up to $54. The bulls are relishing in the excitement of rising prices. But there’s one…
How The Shale Boom Is Boosting U.S. Exports
Most people are at least somewhat aware that the U.S. shale oil boom has resulted in lower fuel prices at the pump. But they are probably less familiar with the…
Mexico Spends Record $1.25 Billion On 2018 Oil Hedge
Mexico spent $1.25 billion on an oil hedge to lock in oil prices for 2018, according to new data released by the nation’s finance ministry. On average, Mexico has spent…
OPEC Output Drops By 80,000 BPD On Iraq Output Instability
A new Reuters survey found that OPEC’s output dropped in October due to production disruptions in Iraq as well as increased compliance to established quotas by the rest of the…
Are Higher Oil Prices Here To Stay?
Strong assurances from OPEC and Russia regarding the extension of the production cut deal has pushed oil prices above $60 per barrel, providing a confidence boost for oil bulls and…
Are Coal-Fired Power Plants Set For A Boost?
U.S. Energy Secretary Rick Perry has come up with a controversial plan to slow the closure of coal-fired power plants, under the guise of stabilizing the power grid. The background…