What Is Pushing the Oil Prices Down?

What Is Pushing the Oil Prices Down?

photo: Ryan Lackey A new pricing consensus has emerged on the global oil market, spurred by financial and intrinsic factors. The fall in prices for ‘black gold’ has been a key shift in the global oil market in recent years. If, in 2014, the average annual price of a barrel of Brent cost $99, then in […]

Why Gazprom is Losing Markets?

Why Gazprom is Losing Markets?

photo: Ricardo Cabral Fares Kilzie – CREON Energy, Chairman of the Board of Directors Kirill Rodionov – IndexBox Marketing, Oil&Gas Analyst This summer, Alexey Miller began his fourth tenure as Gazprom’s CEO. In February, he was reelected without a dissenting vote by the company’s board of directors. That was hardly a surprise; Miller is trusted by Vladimir […]

Venezuela: Crisis in Caracas

Venezuela: Crisis in Caracas

photo: Rainforest Action Network Venezuela’s rich oil resources, once a source of its strength, have now the South America’s leading nation on mat as it faces an economic crisis at an unprecedented scale and size amid rout in international crude oil prices. In Venezuela these days it’s not unusual to see huge gatherings of people jostling […]

Oil Prices Up As Dollar Drops And Gasoline Draws

Oil Prices Up As Dollar Drops And Gasoline Draws

photo: arbyreed Twenty-three years to the day after Charlie Brown hit his first home run in the Peanuts comic strip, and crude prices are swinging for the fences ahead of the weekly inventory report, rallying strongly. The market appears to be focusing on an expected draw to gasoline stocks and a lesser build to crude than […]

How Oil Price Volatility Explains These Uncertain Times

How Oil Price Volatility Explains These Uncertain Times

photo: Geof Wilson The numbers say that these should be the best of times for America. The economy has been growing for five years. Unemployment is low. Inflation is almost nonexistent and gas is cheap. Yet, many Americans feel deeply uneasy about their future prospects. Uncertainty is the catchword of the moment. This uncertainty is contributing […]

US, China and Ultra-Low Oil Prices

US, China and Ultra-Low Oil Prices

photo: Michael Elleray The US-led petrodollar era is being surpassed by a multipolar oil age in the Middle East. The transition is permeated by fundamental change and financial speculation that is penalizing the roles of the US and China in the region.    As producers have scrambled to gain market share from competitors, prices remain more […]

Iran’s Eagerness To Export Sees Oil Tanking Again

First wel’ll take a quick look at some of the critical figures and data in the energy markets this week. Oil broke below $30 per barrel late last week as Iran returned to the international economy and prepared to export more oil. (Click to enlarge) (Click to enlarge) Chart of the Week Oil-related tax receipts […]

Fed Rate Hike Bad Timing for Crude Oil

The Federal Reserve is about to raise interest rates for the first time in almost ten years and it couldn’t come at a worse time for the oil and gas industry. On the one hand, the oil boom was fueled by loose money from the Fed. With near-zero interest rates, money flowed into capital-intensive shale […]