Crude oil and refined products futures rallied sharply throughout the second half of 2017 and much of January 2018, with front-month NYMEX WTI crude oil futures rising to a high of $65.61/bbl on January 24.
Crude oil and refined products futures rallied sharply throughout the second half of 2017 and much of January 2018, with front-month NYMEX WTI crude oil futures rising from a low… https://oilandenergyonline.com/articles/all/rally-recap/
Saudi Crown Prince Mohammed bin Salman, known as MBS, is the 32-year-old heir to the Saudi throne. He seems to be quite concerned about modernizing Saudi society and the country’s moribund economy, diversifying it away from oil. According to Vox.com, “in …
Saudi Crown Prince Mohammed bin Salman, known as MBS, is the 32-year-old heir to the Saudi throne. He seems to be quite concerned about modernizing Saudi society and the country’s… https://oilandenergyonline.com/articles/all/saudi-arabias-transformation/
Recently, global crude and refined products markets have been tightening. In September, “IEA and OPEC issued reports suggesting that global commercial oil stocks have been diminishing, while oil demand growth is strong and expected to stay that way” (OilP…
Recently, global crude and refined products markets have been tightening. In September, “IEA and OPEC issued reports suggesting that global commercial oil stocks have been… https://oilandenergyonline.com/articles/all/tightening-global-oil-supply/
Hurricane Harvey slammed into the Gulf Coast as a Category 4 Hurricane, on the night of Friday, August 25. The initial impact was lost offshore oil production and higher crude prices.
Hurricane Harvey slammed into the Gulf Coast as a Category 4 Hurricane, on the night of Friday, August 25. The initial impact was lost offshore oil production and higher crude… https://oilandenergyonline.com/articles/all/ebbs-flows/
It’s certain that global oil supplies are right now extremely excessive. World inventories are substantially above five-year averages, U.S. oil drilling rig counts have increased relentlessly, U.S. projects in the Gulf of Mexico are coming onstream, Libya…
It’s certain that global oil supplies are right now extremely excessive. World inventories are substantially above five-year averages, U.S. oil drilling rig counts have increased… https://oilandenergyonline.com/articles/all/curtailing-excess-oil-output/
Lately, more analysts are questioning whether OPEC’s current strategy is headed to success or failure. OPEC success is considered to be supply/demand rebalancing, elimination of excess global stockpiles and WTI at $60 by year-end. The keys to success are …
Lately, more analysts are questioning whether OPEC’s current strategy is headed to success or failure. OPEC success is considered to be supply/demand rebalancing, elimination of… https://oilandenergyonline.com/articles/all/will-opecs-strategy-succeed-or-fail/
Every day counts in a highly seasonal business such as this, and some days count more than others. With the heating season recently behind us, and the relative lack of heating degree days (HDDs) that it brought, this is even more apparent and something to…
Every day counts in a highly seasonal business such as this, and some days count more than others. With the heating season recently behind us, and the relative lack of heating… https://oilandenergyonline.com/articles/all/can-coming-short-be-positive/
The CERAWeek global oil industry conference in Houston last month “exposed all the contradictions at the heart of OPEC’s attempt to rebalance the oil market without rekindling the shale boom or conceding too much market share to rivals” (Reuters). It was …
The CERAWeek global oil industry conference in Houston last month “exposed all the contradictions at the heart of OPEC’s attempt to rebalance the oil market without rekindling the… https://oilandenergyonline.com/articles/all/opecs-strategy-developing-cracks/
Heating oil marketers are emerging from another challenging heating season that saw OPEC try to control oil production, while volatility dissipated and prices settled in at an intermediate level between the notable highs and lows of recent winters. U.S. p…
Heating oil marketers are emerging from another challenging heating season that saw OPEC try to control oil production, while volatility dissipated and prices settled in at an… https://oilandenergyonline.com/articles/all/change-and-adaptation/
Last September in Algiers,OPEC reached a tentative agreement to cut oil production among its members to between 32.5 and 33.0 million barrels per day (mb/d).
Last September in Algiers, the Organization of the Petroleum Exporting Countries (OPEC) reached a tentative agreement to cut oil production among its members to between 32.5 and… https://oilandenergyonline.com/articles/all/will-opec-producers-hold-line/
The 2015-2016 heating season was very mild. Weekly heating degree days (HDDs)7 totaled just 6,313 for the September through April period in the Northeast region.
The 2015-2016 heating season was very mild. Weekly heating degree days (HDDs) from the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center (CPC)… https://oilandenergyonline.com/articles/all/weather-forecast-favors-colder-winter/
When John “Mac” MacKenna, the impetuous and enthusiastic editor of Oil & Energy, ordered me to write an article in accordance with the theme of Cost of Sales for this issue, I was quite excited, as I felt that this was right in our wheelhouse.
When John “Mac” MacKenna, the impetuous and enthusiastic editor of Oil & Energy, ordered me to write an article in accordance with the theme of Cost of Sales for this issue, I was… https://oilandenergyonline.com/articles/all/take-control-product-costs/
Energy efficiency advocates typically refer to efficiency as “the lowest cost energy resource out there.” “What you will never hear us say is that energy efficiency is free. Efficiency can do many great things:
EDITOR’S NOTE: This article is adapted from a blog post from the American Council for an Energy Efficiency Economy. ACEEE’s blog can be found at ACEEE.org.
Energy efficiency… https://oilandenergyonline.com/articles/all/finance-program-could-cut-energy-costs/
Fuel companies can save a lot on processing fees when customers pay their bills with the right credit cards, and payment processor Avatas is helping companies move to a more profitable credit card mix.
Fuel companies can save a lot on processing fees when customers pay their bills with the right credit cards, and payment processor Avatas is helping companies move to a more… https://oilandenergyonline.com/articles/all/taking-control-credit-card-costs/
About two months ago, markets were shocked to see the United Kingdom vote to leave the European Union. Be prepared, because more calamities could be on the way in Europe.
About two months ago, markets were shocked to see the United Kingdom vote to leave the European Union. Be prepared, because more calamities could be on the way in Europe.… https://oilandenergyonline.com/articles/all/italys-banking-crisis-looming-threat/
At the beginning of June, the Labor Department released a shockingly bad non-farm payrolls report, showing that in May the U.S. economy created only 38,000 jobs against economist expectations for an increase of 164,000 jobs. Furthermore, employers hired 5…
At the beginning of June, the Labor Department released a shockingly bad non-farm payrolls report, showing that in May the U.S. economy created only 38,000 jobs against economist… https://oilandenergyonline.com/articles/all/jobs-report-raises-doubts-about-us-economy/
