December 11, 2018

U.S. Energy Secretary Perry To Saudis: We Want Stable Supply And Prices

U.S. Secretary of Energy Rick Perry reiterated the “need for stable supply and market values” during talks with Saudi Energy Minister Khalid Al-Falih in Saudi Arabia, […]
November 28, 2018

German Industry Doesn’t Need Additional Oil Reserve Release To Ease Tight Supply

Germany’s oil industry body doesn’t plan at the moment to ask for more releases from the national reserves to ease tight oil product supply caused by […]
November 24, 2018

Oil Prices Collapse On Supply Surge

Oil prices collapsed on Friday, with WTI threatening to break the $50 mark and Brent falling below $60 for the first time in over a year. […]
November 21, 2018

Oil Prices Tank As Supply Glut Fears Return

Oil prices collapsed on Tuesday for the second time in a week. During midday trading, WTI fell below $55 per barrel and Brent dropped below $65 […]
November 21, 2018

Is It Too Late To Avoid An Oil Supply Crisis?

Wood Mackenzie isn’t pulling any punches. “The warning signs are there – the industry isn’t finding enough oil.” And its latest report continues in the same […]
November 15, 2018

Natural Gas Skyrockets As China Pledges Huge Supply Boost

With an eye on last winter’s natural gas supply debacle, Chinese state-owned energy giant CNOOC has pledged a 20 percent rise in gas supply, the company […]
November 14, 2018

IEA: Soaring Supply Points To Oil Surplus In 2019

Surging production from the world’s biggest oil producers have more than offset Iranian and Venezuelan supply losses, while demand growth in some developing markets is slowing, […]
November 14, 2018

Is An Oil Supply Crunch Inevitable?

Global oil demand will peak by 2040, according to a new report, although oil supply shortages could emerge before then. The International Energy Agency (IEA) published […]
November 9, 2018

Goldman Sachs Sees An Oil Supply Crunch Looming

The oil market could tip into a shortage in the 2020s because “nobody is allowed to fully invest in future oil production,” Goldman Sachs’ head of […]