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China's Yuan Oil Contracts: No Liquidity, but It Will be Built
It's definitely time to start seriously considering the impact of Chinese Yuan-denominated oil contracts. There's no real liquidity yet, but the Chinese are certainly...- Seleskya Replied
- 4 replies
- 2,874 views
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OPEC Meeting Could End Without Decision - Irony Note Added from OPEC Children's Book
Let's play an amusing game of Irony. OPEC Meeting Could End Without Decision "The latest remarks from Iran’s Oil Minister are not really encouraging. Bijan Zanganeh...- Tom Kirkman Replied
- 4 replies
- 2,512 views
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British Marines Seize Iranian Tanker
UK steps up and seizes an Iranian Tanker heading for Syria, it’s about time someone else got into the game, maybe now we can...- James Regan Replied
- 4 replies
- 2,085 views
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Fire Sale: Strategic Petroleum Reserve
Budget deal congress reached yesterday calls for the sale of 100 million barrels of SPR between 2022 and 2027. Hope the prices are high...- Rodent Replied
- 4 replies
- 1,870 views
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Norway awards record 75 oil exploration licenses
Norway has awarded a record 75 offshore oil exploration licenses, to Statoil, Aker BP Shell, Total and ConocoPhillips among others. The licenses comprised 45 in...- Joanna Replied
- 4 replies
- 1,528 views
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Teapots Cut U.S. Oil Shipments
It has begun: independent Chinese refiners are cutting their U.S. crude oil imports in anticipation of the tariffs Beijing threatened in response to the...- Marina Schwarz Replied
- 4 replies
- 8,340 views
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Permian Suicide
Shouldn't we be seeing the price of oil move higher? OPEC cuts 1.2Million/day, and the price is plunging to dangerous levels for the US land...- oil
- permianbasin
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- James Regan Replied
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- 16,371 views
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- SKEP Replied
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Shell to Cut Carbon Output
Reminds me of "Back to the future. Just thirty years ago Shell owned the largest ESCO in the UK( Emstar) and the largest cavity wall insulation...- Joanna Replied
- 4 replies
- 2,450 views
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Oil Prices Steady, Supported By OPEC Tightening Supplies
Oil prices were broadly steady on Friday as surging U.S. supply and concerns of a global economic slowdown were offset by falling OPEC output....- rainman Replied
- 4 replies
- 2,331 views
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Authors of this article believe it was Saudi Plan all along to dig in for 2 year price war.
That is ridiculous. The Salman Brothers MBS and ABS miscalculated . Their reign would not survive even 1 year at $25 oil, much less 2...- BLA Replied
- 4 replies
- 2,621 views
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Huge Discovery of Hydrocarbon in Pakistan
Are discovering oil reserves in Pakistan's ocean really 6th largest in the world and how long would it take to maximize it's full potential?- karachi
- pakistan oili
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- sabdulnasir Replied
- 4 replies
- 4,493 views
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EPA Penalties Decline From Last FY
EPA penalties were significantly less this last fiscal year, partially under Trump administration. To be fair, part of it was under Obama and part...- Rodent Replied
- 4 replies
- 2,604 views
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Trump mulling releasing 5 to 30 Mill Barrels
If trump wanted to just lower the prices of oil, he would just need release the SPRs, and from what I see, this will...- Top Oil Trader Replied
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- 2,357 views
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"Energy Groups Call For Government Intervention As Power Prices Skyrocket" by City A.M.
https://oilprice.com/Energy/Energy-General/Energy-Groups-Call-For-Government-Intervention-As-Power-Prices-Skyrocket.html Energy Groups Call For Government Intervention As Power Prices Skyrocket Energy Groups Call For Government Intervention As Power Prices Skyrocket By City A.M - Dec...- Tom Nolan Replied
- 4 replies
- 2,440 views
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Oil Prices Fall After Fed Raises Rates
The U.S. Federal Reserve hiked interest rates by 75 basis points on Wednesday. The rate hike is the third straight hike for the Fed, and...- Mark Sloan Replied
- 4 replies
- 5,431 views
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Kenya squabbles internally over newfound oil
The "resource curse" strikes Kenya. I predict an increase, and not a decrease, in internal squabbling over the new found oil money in Kenya. Uhuru...- kenya
- resource curse
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- Tom Kirkman Replied
- 4 replies
- 2,828 views
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Why Does Donald Trump Keep Making Oil Prices Go Up And Down?
Because he’s in on the oil ETF / stock market and he knows when to buy his shares, lets oil go up so much —...- donald trump
- crude oil
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- David Zernhelt Replied
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- 3,127 views
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Trump : Tariffs on Oil Imports still on the table
https://www.msn.com/en-us/finance/markets/us-says-oil-tariffs-still-on-the-table-even-after-opec-2b-deal/ar-BB12Gz4I U.S. imported 5.68 mm bbls/day of crude for week ending 4/10. Over half of that from Canada. I think Trump just giving Tariffs lip service....- BLA Replied
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- 2,283 views
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Military man at the Helm of Petrobras?
Brazil's Bolsonaro mulls military appointee to run Petrobras -report And people thought Obrador would be a problem.- Marina Schwarz Replied
- 4 replies
- 2,466 views
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Turkey's Oil & Gas Grab from Cyprus. EU Leadership Useless. Fireworks Ahead?
Hot spots in the Middle East with oil tankers being sabotoged are apparently coinciding with Turkey now causing oil & gas trouble for Cyprus and...- Tom Kirkman Replied
- 4 replies
- 3,488 views
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Saudi Arabia Dumps Suncor for Video Games
The Saudis completely exit their $1.2 billion share in Canadian Suncor. Instead, they're piling into video games for the future. https://www.youtube.com/watch?v=Y4866o-Abck- CarlHainze Replied
- 4 replies
- 4,206 views
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venzeuala refinery shut down undergoing maintenance for 6 years?
https://www.reuters.com/article/us-conocophillips-pdvsa-citgo/conoco-aims-to-seize-oil-cargoes-near-citgos-aruba-terminal-idUSKCN1IG30J?rpc=401& this story mentions Citgo's Aruba refinery has been down since 2012 for maintenance (described here as a major overhaul). To the best of my knowledge,...- Rodent Replied
- 4 replies
- 2,468 views
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Oil Market Eyes Pressure from Tropics and Saudi Arabia
OPEC kingpin Saudi Arabia will likely continue to apply greater pressure on others in OPEC+ who fail to abide by the alliance’s production curbs....- jace lau Replied
- 4 replies
- 4,157 views
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Iraq Signs Agreement To Build A 70,000-Barrels-Per-Day Oil Refinery
Iraq, OPEC's 2nd largest oil producer, wants to build new refineries as its oil processing capacity was severely curtailed by damage to its largest...- Petar Replied
- 4 replies
- 2,702 views
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Black (Oil) Market: U.S. Sanctions Russian Companies to Choke Off Oil for Syria
The US administration sanctioned an Iranian company and three Russian companies, including a subsidiary of the Russian Ministry of Energy, in an effort to choke...- pinto Replied
- 4 replies
- 2,437 views
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The Arithmetic Of Fracking
Nicely balanced observations about the fracking industry. Much more even-handed than most articles on fracking, with pretty level-headed analysis of the pros and cons and the in-betweens. Well...- Tom Kirkman Replied
- 4 replies
- 6,767 views
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Chinese State Oil Chiefs Get Paid Peanuts (by comparison)
I had no idea that leading a Chinese state-run oil giant was so .. not lucrative. The recently resigned chairman of state-run Sinopec reportedly...- LAOIL Replied
- 4 replies
- 1,913 views
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Modest drop in oil price: SPRs vs US crude inventory build
The price of crude oil dropped slightly this week, although the real factor behind it is debatable. At present, it is as if the...- hemanthaa@mail.com Replied
- 4 replies
- 2,808 views
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Kenya Ships First Oil from Landmark 2012 Discovery
Great day for Kenya (hopefully), as they ship the first oil from the 2012 discovery that put Kenya on the crude oil map (courtesy...- Kate Turlington Replied
- 4 replies
- 2,103 views