News

Column: US shale returns to growth, posing problem for OPEC

Column: US shale returns to growth, posing problem for OPEC

  Futures prices sending signal to US shale firms to boost output By John Kemp LONDON, Jan 5 – US crude oil prices have risen above $60 per barrel which should accelerate shale drilling and production in the next few months, provided the price increase is sustained. US crude futures are trading over $60 for […]

By January 5, 2018 0 Comments Read More →
Permian, Anadarko basins lead US drilling rig rebound and force market to follow oil’s lead

Permian, Anadarko basins lead US drilling rig rebound and force market to follow oil’s lead

NGL production expected to grow in five years as demand  increases In the latest installment of its FundamentalEdge series, Drillinginfo released Chasing Crude, a market outlook report focused on its latest view of price and production forecasts for the oil, natural gas, and NGL markets. Chasing Crude continues to monitor the global supply/demand balance for crude oil. Following […]

By January 5, 2018 0 Comments Read More →
Global plug-in electric vehicle sales surpassed 1 million in 2017

Global plug-in electric vehicle sales surpassed 1 million in 2017

Through 2020, market projected to experience 38% annual growth A new report from Navigant Research shows that electric vehicle(EV) sale surpassed 1 million in 2017, according to a press release. Recent developments in the plug-in electric(PEV) market, including the rollout of long-range battery EVs (BEVs) at sub-$40,000 price points, have positioned the segment for robust growth. Since […]

By January 5, 2018 0 Comments Read More →
Most EV drivers lease cars, see upcoming models eclipsing current EVs

Most EV drivers lease cars, see upcoming models eclipsing current EVs

Almost 80 per cent of US EV drivers lease their vehicles The market for plug-in vehicles in the United States is dominated by leases, as many EV drivers opt to not buy their vehicles.  According to a Bloomberg report, these drivers are often choosing to lease their cars because they believe upcoming models will exceed […]

By January 4, 2018 0 Comments Read More →
Hybrid or EVs make up over half new car sales in Norway

Hybrid or EVs make up over half new car sales in Norway

EVs exempted from almost all taxes in Norway Reuters reports that sales of hybrids and EVs in Norway in 2017 rose to over half the new registrations in the Scandinavian, oil-rich country. According to data released on Wednesday by the Norwegian Road Federation (OFV), pure electric cars and hybrids accounted for 52 per cent of […]

By January 3, 2018 0 Comments Read More →
Column: OPEC’s focus on oil stocks risks prices overshooting

Column: OPEC’s focus on oil stocks risks prices overshooting

Oil stocks overhang compared to 5-yr average has narrowed significantly By John Kemp LONDON – The Organization of the Petroleum Exporting Countries (OPEC) is sticking doggedly to its plan to cut commercial oil inventories down to the five-year average to rebalance the oil market. But in doing so, the organization risks tightening the market too […]

By January 3, 2018 1 Comments Read More →
Crude oil prices increased in 2017, and Brent-WTI spread widened

Crude oil prices increased in 2017, and Brent-WTI spread widened

 US crude oil production increased in 2017 by 384,000 b/d, more growth forecast to 2030 Crude oil prices ended 2017 at the highest levels since 2013 and West Texas Intermediate (WTI) crude oil prices averaged $51/b in 2017, up $7/b from the 2016 average, and ended the year at $60/b, $6/b higher than at the […]

By January 3, 2018 0 Comments Read More →
Global oil and gas discoveries fall again in 2017, will impact supply in the 2020s

Global oil and gas discoveries fall again in 2017, will impact supply in the 2020s

Global exploration expenditures fell by over 60% from 2014 to 2017 2017 was another low year for the discovery of conventional volumes of oil and gas, with less than seven billion barrels of oil equivalent (boe) found year to date, according to consultancy Rystad Energy. “We haven’t seen anything like this since the 1940s,” says senior analyst […]

By December 22, 2017 0 Comments Read More →
Chinese, Australian ports jammed as demand for coal, iron ore soar

Chinese, Australian ports jammed as demand for coal, iron ore soar

Chinese coal demand up 10 per cent in 2017 Rising demand in China for coal and iron ore have caused bottlenecks in China’s commodity supply chain. Placed end-to-end, there are enough cargo ships waiting outside Chinese and Australian ports to stretch more than 40 miles. Outside some Australian ports, some vessels are waiting to load […]

By December 20, 2017 0 Comments Read More →
Global coal demand to remain flat to 2022, resulting in a decade of stagnation

Global coal demand to remain flat to 2022, resulting in a decade of stagnation

Urgent action needed to support Carbon Capture, Utilisation and Storage (CCUS) technologies for coal power plants Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the International Energy Agency’s annual coal market report. Global coal consumption fell 1.9% to 5,357 million tonnes […]

By December 19, 2017 0 Comments Read More →