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Big Oil Should Be Thankful for the Price Crisis

Most of those with any exposure to the oil and gas industry must have got tired of all the drama that’s been coming from this direction in the last couple of years. Continue reading “Big Oil Should Be Thankful for the Price Crisis”

Game On

Russia’s Vladimir Putin met with Saudi Arabia’s prince Mohammed yesterday in what many will probably see as an unavoidable warming between two of the worst-hit survivors from the oil price crash. Continue reading “Game On”

Analyze This

Venezuela could be the next that tips the scales of oil prices in a more favorable direction, at least for producing countries. Continue reading “Analyze This”

The Importance of Being Consistent

I’ll be really quick. I’ve been saying this for a while now: a couple of words from Khalid al-Falih are enough to drive oil prices up or down. Continue reading “The Importance of Being Consistent”

Time for More Production Disruptions in Libya

Libya has bumped up its daily crude output above 700,000 barrels and, just yesterday, seized two tankers illegally loading crude. That may be good for Libya but it’s certainly not good for international oil prices. Continue reading “Time for More Production Disruptions in Libya”

Top 5 oil stories for last week

Old news, old news, BP spill, real good news, and a bit of geopolitics. I’d say it’s a pretty mixed company but I’m reasonably happy to be in it. Continue reading “Top 5 oil stories for last week”

Glut Still Here, but No Worries, War Will Take Care of It

I just saw the last thing I’ve posted here: the piece about Saudi Arabia saying the oil glut is over… last June. If you’re laughing, I admit so am I. However, that’s not an entirely happy laughter because when just a sentence from the Saudis, Russians or anyone for that matter can swing the market, things are not very, well, normal. Continue reading “Glut Still Here, but No Worries, War Will Take Care of It”

Glut Over, Says Saudi Oil Minister

Saudi Arabia’s new oil minister Khalid al-Falih has told the Houston Chronicle in an interview that “the oversupply has disappeared.” Continue reading “Glut Over, Says Saudi Oil Minister”

Lukoil Focuses Exclusively on Production

Lukoil will spin off or sell its European downstream operations to focus on production, both in Russia and abroad. Continue reading “Lukoil Focuses Exclusively on Production”

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