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Column: Investors hit peak bullishness on oil

Column: Investors hit peak bullishness on oil

Oil prices have drifted lower since the end of September By John Kemp LONDON, Oct 16 – The wave of investor bullishness towards oil that started back in July and August may have peaked at the end of September, according to the latest position records published by regulators and exchanges. Hedge funds and other money […]

By October 16, 2017 0 Comments Read More →
OPEC building on success of oil output cuts – IEA

OPEC building on success of oil output cuts – IEA

Current numbers for first quarter of 2018 imply a stock build of 0.8mb/d Over the last few months, questions lingered about whether OPEC producers were seriously committed to their agreement to cut output and balance the market, according to the International Energy Agency. While there may still be doubts about some of them, the market heavyweights have […]

By October 13, 2017 0 Comments Read More →
Shell buys European EV charging network NewMotion

Shell buys European EV charging network NewMotion

NewMotion operates over 50,000 public EV charging points On Thursday, Royal Dutch Shell announced it will buy NewMotion, one of Europe’s largest electric vehicle charging networks. NewMotion provides access to a network of public and private charge points in 25 European countries. Sytse Zuidema, NewMotion’s chief executive said in a news release that “We are […]

By October 12, 2017 0 Comments Read More →
Column: Trump tries to save coal, but probably in vain

Column: Trump tries to save coal, but probably in vain

Trump tries to buck market forces to save outdated technology By John Kemp LONDON, Oct 11 – For political reasons, the Trump administration has become obsessed by saving old and inefficient coal-fired power plants rather than preparing the electricity industry to face the challenges of the future. Senior officials appear to have an almost romantic attachment […]

By October 11, 2017 0 Comments Read More →
Rapidly growing energy consumption in India increases faster than other regions

Rapidly growing energy consumption in India increases faster than other regions

 Residences share of electricity rises 46% 2015 to 68% in 2040 EIA’s International Energy Outlook 2017 (IEO2017) projects that among all regions of the world, the fastest growth in building energy consumption through 2040 will occur in India, according to the U.S. Energy Information Administration. In the IEO2017 Reference case, delivered energy consumption for residential and commercial […]

By October 11, 2017 0 Comments Read More →
US oil output growth may flatten after 2018 on rising costs: Vitol

US oil output growth may flatten after 2018 on rising costs: Vitol

US oil output expected to climb by 0.5-0.6 million b/d in 2018 The head of global oil trader Vitol says US oil output could spike in 2018, but growth will likely flatten for a number of years as rising costs make production uneconomic. Ian Taylor told Reuters that the US has become a major oil […]

By October 10, 2017 0 Comments Read More →
Column: Feast or famine? Oil market in 2018

Column: Feast or famine? Oil market in 2018

Oil market “rarely balanced, and never for very long”: Kemp By John Kemp LONDON, Oct 10 (Reuters) – “Behold, there come seven years of great plenty throughout all the land of Egypt: and there shall arise after them seven years of famine; and all the plenty shall be forgotten.” In the Bible, Joseph was interpreting […]

By October 10, 2017 1 Comments Read More →
Column: Fund managers turn cautious as oil prices fall

Column: Fund managers turn cautious as oil prices fall

Oil prices drifting lower since Sept. 25 By John Kemp LONDON, Oct 9 (Reuters) – Hedge fund bullishness towards crude oil and refined products including gasoline and diesel appears to have peaked for now, according to an analysis of regulatory and exchange records. Few long positions in crude and products were added by hedge funds […]

By October 9, 2017 0 Comments Read More →
Tropical Storm Nate shuts down some US Gulf of Mexico production

Tropical Storm Nate shuts down some US Gulf of Mexico production

Tropical Storm Nate expected to hit US Gulf Coast early Sunday Tropical Storm Nate is the second storm in two months to force production shutdowns at some US Gulf of Mexico platforms and staff evacuations at others. The storm carrying intense rainfall has killed at least 10 people in Costa Rica and Nicaragua and is […]

By October 6, 2017 0 Comments Read More →
Column: WTI discount to Brent reflects logistics constraints

Column: WTI discount to Brent reflects logistics constraints

Cushing crude stock build reason for widening WTI discount By John Kemp LONDON, Oct 6 (Reuters) – Even as crude stocks decline elsewhere in the United States, stocks are rising in the Midwest, especially around the delivery point for the New York Mercantile Exchange’s light sweet crude contract at Cushing in Oklahoma. Crude stocks at […]

By October 6, 2017 0 Comments Read More →