Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Latest Business Headlines

Houston To Overtake Cushing As Key Hub

Business

Houston is emerging as one of the great oil hubs in the world, and pretty soon it will be outfitted with an oil futures contract, which could cement its position. Intercontinental Exchange Inc. (ICE) announced plans to launch an oil futures with physical delivery in Houston, and the contract could launch as soon as this […]


Houston Is a Big Energy Hub, So Why Not Price Oil Futures There?

Business

Houston is set to get its own oil futures, a sign of the city’s growing importance as the U.S. sends more crude abroad. Intercontinental Exchange Inc. ICE 0.66% is planning a new crude futures contract with physical delivery in Houston, the company said Tuesday. The contract will provide traders with direct access to Houston prices. […]


Oil and Gas Industry Survival Tips

Business

Advice is abundant on social media. Need a restaurant recommendation for your next date night or the name of a good electrician to install your new ceiling fan? Post a query to your Facebook page and you might get multiple suggestions in a matter of minutes. Need pointers on which keywords to include in your […]


The Two Biggest Threats To The Natural-Gas Boom

Business

The International Energy Agency is bullish on the prospects for natural gas. IEA sees gas as a versatile player with vast growth potential, in large part because it can solve local air pollution in Asian cities. But IEA Executive Director Fatih Birol warned last week that two threats could derail the growth of the natural gas industry. “We think gas […]


Energy: The Good, The Bad, and The Ugly

Business

Even though energy is my specialty, I hadn’t intended to write about the topic again this week. However, recent events in the oil and gas sector are so significant, they compel me to once again focus on energy. The stakes are enormous not just for energy, but for investors of all stripes. The fortunes of […]


Here’s why oil’s surge is far from over, and $100 per barrel could be in the cards

Business

With oil rallying 14 percent in the second quarter alone, investors might be tempted to take some profits. That would be a mistake, says one widely followed energy strategist. “What we’re looking for now in WTI is we’re looking to go to $77,” Helima Croft, global head of commodity strategy at RBC Capital Markets, told […]


How Energy Looks in 2043

Business

Twenty-five years can bring a world of change. In celebration of The Motley Fool’s 25th birthday, the Industry Focus team is diving into what 25 years have meant and could mean for their industries. In this week’s Energy show, host Sarah Priestley and Motley Fool contributor Taylor Muckerman explain what future of energy is shaping […]


BP CFO: Preparing for war

Business

Preparing for War is the title of the book perched on the desk of BP CFO Brian Gilvary that he says he is intending to read next. It’s an apt title given the war footing he has found himself in over the years and is in keeping with a combative nature that belies his old-school […]


Oil producers face their ‘life or death’ question

Business

Fear of an imminent peak in demand means companies are less likely to invest. So does that make shortages and a price rise inevitable? David Sheppard and Anjli Raval in London Asked last month by a frustrated investor if, “hand on heart”, Royal Dutch Shell was more concerned about “the sustainability of the company or […]


WTI vs. WTI vs. WTI

Business

The degree to which the perception of quality of West Texas Intermediate crude oil influences price was on display Wednesday in the form of the following crude value indication given to S&P Global Platts: WTI Midland at Cushing, Oklahoma, is worth 90 cents/b more than WTI at Cushing. If that sounds confusing, it is, and […]


A Hard Rain’s a-Gonna Fall

Business

Après moi, le déluge ~ King Louis XV of France A hard rain’s a-gonna fall ~ Bob Dylan (the first) As the Federal Reserve kicked off its second round of quantitative easing in the aftermath of the Great Financial Crisis, hedge fund manager David Tepper predicted that nearly all assets would rise tremendously in response. “The Fed just announced […]


The Apparently Never-Ending Permian Blowout

Business

Energy dominance carries its own backlash, it turns out. Ground zero is the Permian basin in west Texas, where oil production has run ahead of pipeline capacity to get it to market, forcing some U.S. barrels to price at wide discounts. Thankfully, new pipelines should fix the problem by early 2020. Apparently, though, the futures […]


How Big Oil Conquered the World

Business

TRANSCRIPT AND SOURCES: https://www.corbettreport.com/?p=16888 From farm to pharmaceutical, diesel truck to dinner plate, pipeline to plastic product, it is impossible to think of an area of our modern-day lives that is not affected by the oil industry. The story of oil is the story of the modern world. And this is the story of those […]


Royal Dutch Shell Surpasses Exxon As Top Dog

Royal Dutch Shell Surpasses Exxon As Top Dog thumbnail

Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000’s list of the biggest and most powerful public companies, surpassing last year’s leader Exxon Mobil Corp. The Anglo-Dutch oil and gas giant ranked 11th among all companies on the list, up from 20th the previous year, mostly because of higher sales […]


ExxonMobil and Chevron accused over tax secrecy

Business

A refusal by US oil companies including ExxonMobil and Chevron to disclose their US tax payments is undermining the international effort to fight corruption in natural resources industries worldwide, according to transparency campaign groups. The chairman of the Extractive Industries Transparency Initiative, whose participants include 51 governments and most major western companies, said it was […]


Petrobras CEO Unexpectedly Resigns Amid Crippling Nationwide Strike, Sending Stock, Real Tumbling

Petrobras CEO Unexpectedly Resigns Amid Crippling Nationwide Strike, Sending Stock, Real Tumbling thumbnail

One day after Brazil’s oil workers went on strike, further slowing Latin America’s biggest economy which was already crippled by a trucker strike that has paralyzed the nation for the past 2 weeks, the CEO of the state energy giant, Petrobras, Pedro Parente unexpectedly resigned on Friday stepping down as chief of the state-controlled oil […]


What Makes $1 Billion a Year and Oils the Global Economy While Rebuilding Its Reputation?

Business

It’s a quiet scene, but there’s more to it than meets the eye. The Estia, a 751-foot-long oil tanker, is loading gasoline on a breezy afternoon at port in Vadinar, a town in northwest India. The Bahamas-flagged ship has journeyed from Singapore to this hulking dock on the Arabian Sea, where a relentless afternoon sun […]


Exxon Says the World Needs Even More Oil

Business

Exxon Mobil Corp’s Darren Woods says his company is at the center of a delicate balancing act between those who want a cleaner environment and those seeking economic growth that depends on rising energy demand. Exxon is planning to invest more than $200 billion in major oil and gas projects around the world over seven […]


Is $100 Oil Coming Next?

Business

Benchmark global oil prices have increased roughly 19% year-to-date and 39% over the past year, hitting the highest levels since 2014.1 Brent crude oil, the global benchmark, has reached $80 a barrel (bbl) while West Texas Intermediate (WTI), the North American benchmark, has passed $70/bbl. A host of factors have caused the surge in oil prices. […]


Saudi Oil Minister Says Aramco IPO Is ‘Most Likely’ in 2019

Business

The initial public offering of Saudi Aramco will “most likely” happen in 2019, the kingdom’s oil minister said on Friday, confirming a delay for what’s likely to be the world’s largest ever share sale. “The timing I think will depend on the readiness of the market, rather than the readiness of the company or the […]


Shell Declares Force Majeure On Bonny Light Shipments

Shell Declares Force Majeure On Bonny Light Shipments thumbnail

The Nigerian subsidiary of Shell has declared force majeure on Bonny Light exports because of the shutdown of the Nembe Creek pipeline, which has led to the accumulation of lots of unsold crude. The Nembe Creek transports 150,000 bpd of Bonny Light to the Forcados terminal that Shell operates. The reason for the shutdown of […]


Repsol to End Pursuit of Oil Growth

Business

Repsol SA will no longer seek growth for its oil and gas business in preparation for the global transition to cleaner energy, according to a person familiar with the matter. The Spanish energy company is the first of its peers to make such a move. It illustrates how the industry’s strategic decisions are starting to […]


Poor Mental Health in Oil, Gas Industry ‘At All-Time High’

Business

Poor mental health in the oil and gas industry is at an all-time high. That is the opinion of David Steward, an ex-oil and gas recruitment boss and current managing director at wellbeing provider The Sober Advantage. “Over the last three and a half years, the oil industry has experienced its deepest downturn since at […]


Glamping On Wall Street

Business

So, you tried various sites. You hung your hat out on Broad and then moved on to Wall and you are considering Trinity Palace as the next street for your glamping. Some say that one is safer than the other, but you are not quite sure who to believe. It is difficult, these days, to […]


US will be ‘very strong’ for next 15-20 years due to shale boom

Business

The growth of the shale industry will strengthen the U.S. for the next 15 to 20 years, Borealis Chief Executive Mark Garrett told CNBC on Sunday. “We’re very positive on the U.S. because the shale oil, the shale gas, we think that the ethane pricing, and the ethane through to polyethylene — and you could […]


Billions on the line as Trump weighs Iran pullout

Business

From airplanes to oilfields, billions of dollars are on the line for international corporations as President Donald Trump weighs whether to pull America out of Iran’s nuclear deal with world powers. Regardless of where they are headquartered, virtually all multinational corporations do business or banking in the U.S., meaning any return to pre-deal sanctions could […]


Hackers Hit ‘Cyber Blind Spot’ While US Energy Industry Naps

Business

How much is cyber security worth to the U.S. energy industry? Not a whole lot apparently. Two prominent security consultant firms estimate that energy companies, ranging from drillers to pipeline operators to utilities, invest less than 0.2 percent of their revenue in cyber security. For context, that’s at least a third less than the corresponding […]


Big Oil raking in billions

Big Oil raking in billions thumbnail

Big Oil is back to doing what it does best: raking in billions of dollars in profit. The world’s largest oil companies this week posted some of their best earnings in years as they control costs and ride rising oil prices that are nearing $70 a barrel. Chevron on Friday said its first quarter profit […]


Inside Aramco – The World’s Most Profitable Company

Business

Maybe the Aramco IPO will move forward after all. In the weeks since Aramco put the word out that it would cancel (or possibly just delay) a foreign offering of 5% of the company’s shares, Saudi Crown Prince Mohammad bin Salman has met with Silicon Valley luminaries, as well as the leaders of the UK, […]


Shanghai Oil Futures Off To Robust Start On 2nd Day

Business

Shanghai crude oil futures got off to another strong start in their second day of trading on Tuesday, with more than 16 million barrels of crude changing hands, extending the launch day’s high volumes, data showed. More than 32,000 lots of the most-active September contract, equivalent to 16 million barrels of crude, changed hands in […]


Next Page »



Oil News Categories


Recent Board Topics


Archive


LATEST NEWS HEADLINES