German green asset management firm makes bold claim following examination of collated data from different sources.
In an exclusive interview, MeteoGroup CEO Donat Retif says prowess of data science and computing is revolutionizing how oil majors obtain and utilize weather data.
As a tweet by the U.S. President disturbs the crude market, it’s worth remembering a three-figure oil price has more meaningful obstacles ahead.
India has an installed renewable energy capacity of 60 GW, but the country’s Prime Minister Narendra Modi has stated his ambition of doubling it by 2022-23.
In an exclusive interview, Stobart Jet Centre’s boss Stephen Grimes says private jet operators should look at London Southend Airport for better ‘time, space and fuel economies’.
One of the world’s most iconic maritime artery is poised to feel its own U.S. shale windfall over the coming years.
The ongoing geopolitical kerfuffle in Syria is simply contributing to oil price upsides, but not driving the market just yet.
The utilities sector would see a sizable chuck of blockchain investment dollars even if widespread usage does not appear imminent.
If the oil price continues to lurk above $50 per barrel, cash flow optimization in step with incremental U.S. barrels is more or less guaranteed.
The FTSE 100 company’s European boss says innovative new trucks with higher payload capacity will accelerate its sustainability drive and improve efficiencies.
In an exclusive interview, Greg Jackson, founder and CEO of Octopus Energy, says the English soccer club’s move accentuates a march to renewables by major sporting brands.
In an exclusive interview, Peter Zornio explains how his company is tackling oil and gas industry enthusiasm for digitally driven optimisation via new products and recent acquisitions.
In an exclusive interview, Ulrich Spiesshofer says the world can expect incremental innovation driven solutions from his company with the spread of digital.
Process efficiencies, competitive pricing and flexible contracts are changing the natural gas trade courtesy of American exporters.
Energy Secretary tells CERA Week global markets can expect a reliable oil and gas partner in the United States.
In an exclusive interview, Dame Angela Strank opines corporate culture has changed over the last few decades but more needs to be done from a business perspective.
India will be importing its first consignment of U.S. liquefied natural gas, a mere six months on from marking its first consignment of American crude oil.
International Energy Agency forecasts American exports to spike exponentially all the way up to 2023.
With both Brent and WTI lurking above $60 per barrel levels, oil and gas sector deals this year could top 2017 valuations.
Data aggregator says the deployment will offer operators security and a full audit trail to collate weekly inventory oil products storage data.
New report suggests tightening regulatory climate and technological changes would impact demand growth for petroleum products.
Bob Dudley believes the world remains on a broad and historic course for the most diversified fuel mix ever.
New report says developments in 2017 show technological changes and greater product awareness could lead to annual sales of 10 million battery-powered EVs by 2025.
In its recent annual budget, New Delhi assumed an 11.5% nominal GDP growth for fiscal year 2018-2019, which if met, could mean even higher demand for crude oil from India.
Dabbling in precious metals is routine for natural resource royalty companies but one London-listed independent upstart is attempting to be different.
Ratings agency Fitch says improved spending disciple has worked well for ‘Big Oil’
Dame Angela Strank says her company is at the forefront of the new age energy mix that’s emerging courtesy of the changing face of human mobility.
Oil market’s long term bearish bias has not dissipated despite the bullish sentiment being peddled on Wall Street.
Ratings agency Moody’s says this year’s growth would “far exceed” the record $155B of green bonds issued in 2017.
Offshore finds in the Capercaillie and Achmelvich fields could expand the FTSE 100 oil major’s regional operations.
Developers will deploy secure smart contracts to offer a low-cost payment and supplier financing solutions.
Energy majors and traders join Canadian company’s blockchain project to bring about “cost savings across the trade life cycle.”
Oil giant makes a significant move into blockchain just months after joining a development consortium with rivals BP and Statoil.
New EU directive will dent asset managers’ profits by lowering their effective fee rate and increasing their costs. according to Moody’s.
ICE has told customers it will move trading in many futures and options contracts on North American oil and natural gas liquids stateside.
With Canadian crude oil currently selling at an all time low, British Columbia’s shipping arteries could play a pivotal role in Asian crude arbitrage plays.
There’s little to suggest oil would substantially overshoot $60 or by the same token slump too far below $50 in 2018 – and that’s the range to take positions in.
OPEC and non-OPEC production cut decision is all about managing sentiment in a tricky market purely to maintain prices at the current levels over the near-term; that’s not going to solve anything.
While Russia’s end game to extricate itself from OPEC’s initiative is reasonably clear, how the cartel itself gets out of a situation of its own making is anything but.
Despite recent price spikes, the oil market has not broken its three-year bear run to enter a sustainable bullish mode.
As soon as bears or bulls try to dominate the oil market in 2018, a tug in the opposite direction would neuter the other with Saudi Arabia, Russia and the U.S. all likely to pump in excess of 10 million bpd of crude.
In the absence of an exit strategy to its production cut drive – currently caught up in shaky compliance by members – the unforgiving oil market is watching OPEC but Iraq says its not the cartel’s proverbial “bad boy”.
It’s conceivable technology giants – already visible as minor sponsors – might step up their game or seek a different relationship with Formula One as it attempts to woo millennials.
Forecasters currently predict the storm would move up the Texas coastline toward Louisiana and cause widespread disruption at US refining facilities, potentially knocking out up to 32% of output.
If crude oil supply-side permutations delight the bears in the market, demand scenarios for 2018 ought to comfort them too.
If ongoing short to medium-term supply and demand scenarios are what they are, there is little evidence to suggest the oil price can break its current range barring a major political driver.
Lower OPEC market share or higher OPEC production, whichever way you look at it, bearish sentiment is not dissipating any time soon.
The tenacity of U.S. independent oil explorers is back with a bang and could take American crude exploration to new heights regardless of what OPEC does.
OPEC and selected non-OPEC oil producers have decided to roll over their 1.8m bpd output cuts to March 2018, but it will not prove to be quite the tonic those hoping for higher prices crave.
With U.S. oil production on track to post its highest ever production level in 2018, OPEC’s strategy is getting increasingly caught between a rock and a hard place.
The days of factoring in a default $10 risk premium in the oil price have long gone, a risk discount could just as well come into view.
The agreement for the North Sea Forties Pipeline System to change hands also brings home the truth that with the region’s heydays behind it, the oil majors are retreating from maturer prospects.
There are plenty of British political uncertainties on the horizon, from Brexit to another Scottish Referendum, yet North Sea oil and gas operators are thriving amid the policymakers’ tussle.
Speculators’ calls and oil market reality have not been in sync; now it has all unravelled courtesy of comments by Saudi Energy Minister Khalid Al-Falih.
The current near-equilibrium in the oil price is likely to last a while longer with bearish and not bullish market fundamentals lurking in the background.
Latest projection and modelling suggests the US is on a path towards becoming a net energy exporter by 2050; nothing would please President Donald Trump more as he runs the White House with the most pro energy credentials of any US president in recent …