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No More Free Lunch Is the Big Change Under Way in the Oil Market


For years, investors have played Popeye to the energy industry’s Wimpy, the cartoon character famous for his “I’ll gladly pay you Tuesday for a hamburger today” motto. In return for the promise of future profits, they’ve funded loss-making energy producers and explorers through a generous mix of loans, bonds and equity. That may be changing, […]

Saudi Aramco Plans ‘Mega Investment’ in World’s Top Oil Guzzler


Saudi Arabia’s state-owned oil giant has “mega investment” plans for the world’s fastest growing oil market, according to Saudi Arabian Oil Co.’s chief executive officer. The company, popularly known as Saudi Aramco, plans to create a fully integrated business in India and is interested in partnering with Indian companies, including in a planned large refinery […]

ExxonMobil Dethroned As Top Energy Company


Gazprom dethroned ExxonMobil as the top energy company in the world, according to the 2017 S&P Global Platts Top 250 Global Energy Company Rankings. The rankings measure the financial performance of energy firms on four key metrics: asset worth, revenues, profits, and return on invested capital. The list only includes companies that have assets greater […]

Aramco IPO to go ahead in 2018

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Saudi Finance Minister Mohammed al-Jadaan told bond investors during a presentation on Monday that the initial public offering (IPO) of Saudi state oil giant Aramco will proceed as planned in 2018, sources familiar with the matter told Reuters. Aramco has previously said the listing remained “on track” after a report that the oil company was […]

The Financial Collapse is Coming, So You Better Know What You’re Doing


Despite a week that included President Trump threatening to “totally destroy North Korea,” devastating hurricanes, monstrous earthquakes hitting Mexico and uncertainty with the Federal Reserve unwinding its massive balance sheet – famed investor Jim Rogers says the worst is yet to come. “Last week was not the end of the world because the market is […]

Deals in Code, Arrests in Raids: The Risky Stakes of Oil Middlemen

Deals in Code, Arrests in Raids: The Risky Stakes of Oil Middlemen thumbnail

The worst day of Saman Ahsani’s life began with a 9:30 a.m. knock on the door of the Monaco apartment where he lived with his wife and children. A scrum of law enforcement officials stood in the hallway, flashing a warrant to search the premises and seize property. “What is this about?” Mr. Ahsani asked, […]

Failure to launch

Failure to launch thumbnail

Risk assets failed to launch even after North Korea fired a missile over the northern part of Japan and reports of a terror attack on a London subway or the “tube” in rush hour. Oil failed to launch after rejecting the August high and pulled back below that strong resistance upper Bollinger band. The oil […]

Why Aramco Delayed Its IPO


The long-awaited Saudi Aramco IPO, scheduled for mid-2018, could be delayed to 2019. International news reports have stated that the Saudi government is currently putting together contingency plans for a possible delay to the biggest IPO ever. The listing of 5 percent of Saudi Arabia’s crown jewel, the world’s largest oil company Saudi Aramco, could […]

Meth, Coke And Oil In The Texas Shale Patch


When Joe Forsythe returned to the West Texas oilfields last year after a stint in a drug rehab facility, he figured he had beaten his addiction to methamphetamine. The 32-year-old rig worker and equipment handler lasted about a year before relapsing. “It’s easy to get back into that mentality,” said Forsythe, of Midland, Texas, who […]

Shell’s defence of big oil is too hopeful


Royal Dutch Shell, looking deeply into its crystal ball, sees a future that’s still heavily dependent on oil. The Anglo-Dutch giant expects crude will continue to play a major role in global energy supply for decades, even in its less oil-friendly scenario. That optimism goes someway to justifying the billions of dollars it continues to […]

Dawn of a global commodity: LNG

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The LNG sector has not been without its drama in 2017, with Hurricane Harvey, the Qatari diplomatic crisis and Australia’s decision to regulate LNG exports keeping the market on its toes despite significant export capacity expansions. But while there has been some fretting over possible LNG supply disruption, it remains a buyer’s market, thanks to […]

The Plastic Fantasy That’s Propping Up the Oil Market

The Plastic Fantasy That’s Propping Up the Oil Market thumbnail

Kenya’s mountains of plastic bags might not seem central to oil’s grand narrative, but they are. Last week, the East African country banned almost everything about them: making them, importing them, selling them, using them, with penalties of up to four years in jail or fines up to $38,000. More marine plastic than fish by […]

Oil Barrels Aren’t Real Anymore

Oil Barrels Aren’t Real Anymore thumbnail

The U.S. oil industry pumps more than 3 billion barrels of crude per year. Oil crosses continents in pipelines like the Keystone, which moves 1.3 million barrels per day. It travels between them on tanker ships, the largest of which can carry 3.7 million barrels. When oil leaks, the disaster is quantified in barrels spilled—more […]

The Shale Party Is Going To End Badly Google Alert


Summary Despite Wall Street’s love for shale, the industry has not been able to support itself through internal cash generation. If Wall Street’s love affair with shale fades, the party is over and production levels will implode. Sentiment towards shale producers relative to offshore producers is completely polarized and will likely reverse in the future. […]

Our forecast of oil prices by 2020 is $65


Global Practice Lead of Wood Mackenzie about alarming future of benzene manufacturers and glowing perspectives of petrochemists Photo: Maksim Platonov 100$ per barrel: at last forget these exorbitant oil rates, Global Practice Lead of Wood Mackenzie’s Refining and Marketing research Alan Gelder urged on 4 September at ”Downstream Tatarstan” international conference whose 40-minute speech was […]

Consumption Exhaustion


When people use the word catalyst to describe an event that may prick the stock market bubble, they usually discuss something singular, unexpected and potentially shocking. The term “black swan” is frequently invoked to describe such an event. In reality, while such an incident may turn the market around and be the “catalyst” in investors […]

We Looked into the Effects of Hurricane Harvey and Here’s What We Found

We Looked into the Effects of Hurricane Harvey and Here’s What We Found thumbnail

Unless you’ve been away from a TV, computer or smartphone for the past week, you’ve likely seen scores of pictures and videos of the unprecedented devastation that Hurricane Harvey has brought to South Texas and Louisiana. As a Texan by way of Canada, I’d like to take a moment to reflect on the human and […]

Iraq Braves Break With Tradition in Search of Oil’s True Worth


OPEC’s second-largest producer is stepping up the campaign to get more for its oil by looking to revamp the way it sells crude to its biggest customers. Iraq is considering plans to use a new reference price for sales to Asia, according to traders, who received a notice from the state oil company SOMO. The […]

Hurricane Harvey is wreaking havoc with oil markets

Hurricane Harvey is wreaking havoc with oil markets thumbnail

US gasoline up nearly 7% as storm bring refinery closings Dollar extends falls amid clouded economic outlook European stocks open lower, hurt by strong euro Asian markets subdued LONDON — US gasoline futures jumped to two-year highs while an already weak dollar hit 16-month lows against a basket of currencies on Monday as Tropical Storm Harvey […]

Iraq Shakes Up Asian Oil Trading


There is little doubt that Iraq’s mooted shift to using Dubai crude futures from long-standing price assessor Platts will shake up the trading of Middle East oil, but is it a once-off shock or the first of the dominoes to fall. Iraq’s state oil marketer SOMO has asked its customers for feedback on a planned […]

In China, It’s a Gas


You think Royal Dutch Shell Plc, which paid $54 billion to buy gas producer BG Group Plc, is Big Oil’s biggest advocate of a shift to lighter hydrocarbons. Think again: PetroChina Co., China’s biggest oil producer, is also turning its back on the black stuff in favor of natural gas production, going by first-half results. Crude […]

The Next Oil Price Spike May Cripple The Industry


Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of oil will be “lower for longer”, or even “lower forever”, as the electrification of transport will eat away at oil demand more and more while, at the same […]

Looking past the short-term


A global perspective on events impacting the oil and gas industry PHOTOS BY SYLVESTER GARZA EDITOR’S NOTE: OGFJ spoke with BDO’s Charles Dewhurst and Tom Elder for a global perspective on recent events impacting the oil and gas industry. Dewhurst serves as BDO’s International Liaison Partner and leader of the Global Natural Resources practice. Tom […]

Circular economy – Effective resource management


Moon Stone International Investment S.A. from Luxemburg is a company, which has come to realize that proper waste management is a new industry for the future for those who will recognize this opportunity. Luxembourg (PRWEB) August 14, 2017 In recent years, efficient use of resources and a low-carbon society have become the focus of global […]

Twilight of the Oil Economy


Among the many socio-ecological challenges faced by modern civilization, one looms especially large: the dwindling of the fuel resources that form the lifeblood of “developed” countries. Some economists and tech evangelists dismiss the issue as misguided or irrelevant, but it seems to gain a stronger consensus by the year — years in which the lack […]

Jim Rogers says the ‘biggest crisis in his life’ is less than a year away


Jim Rogers, the renowned co-founder of Quantum Fund believes that there’s an impending crisis, and it’s much sooner than you think. “We could see the worst crash in my entire life pretty soon,” said Jim Rogers in a recent conversation with Kitco news. Jim Rogers founded the Quantum Fund alongside George Soros, who is regarded […]

Oil bankruptcies slow dramatically this year


The number of North American oil companies shuffling into bankruptcy court has fallen dramatically this year, a new report shows. Fourteen oil producers filed for Chapter 11 bankruptcy protection in the first half of the year, down from 50 in the first six months of 2016, according to Dallas law firm Haynes & Boone. The […]

Oil And The OPEC Meeting – Something To Believe In


Summary The two-day compliance meeting of OPEC and non-OPEC producers concludes today. Oil prices have drifted lower ahead of the result, out of fear of a bad result. It’s a trend we’ve seen recently, but we expect to turn around as tangible factors for sustained oil price rise have developed. I’m looking for a well […]

Electric Car Boom Drives Rush to Mining’s $90 Billion Heartland


A scramble by the lithium market’s biggest players to tie up supply of the high-tech metal is gathering pace in the 170-year-old heartland of Australia’s $90 billion mining industry. Rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy storage is driving significant price gains and an asset boom in Australia, already the world’s largest […]

Good ideas, big plans – all they need is money


You’ve got to start somewhere. Two companies, with relatively little experience, have embarked on ambitious projects to build separately a pipeline and refinery in West Texas, hoping to tap into booming oil production in the Permian Basin. Permico Energia, a Houston startup, says it plans to build a $2 billion pipeline system to transport natural […]

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