weekly news update


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Your Weekly Update: 11 - 15 February 2019

With the last of the financial results from supermajors released, the world's largest oil firms reported strong profits for Q418 and blockbuster profits for the full year 2018. Full year net profit was even better – up 5.7% to US$20.8 billion as upstream production rose to 4.01 mmboe/d – allowing ...

Hui Shan


Posted 11 hours agoLink > weekly news updateweekly updateOil +4

Analysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Fine

The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019. Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil.    The large or integrated oil companies have all the ...

Will Fine


Posted 16 days agoOpinion > Santa Felatest oil and gas newsNew Mexico +69

Your Weekly Update: 21 - 25 January 2019

The RAPID refinery – part of a larger plan to turn the Pengerang district in southern Johor into an oil refining and storage hub capitalising on linkages with Singapore – received its first cargo of crude oil for testing in September 2018. It guaranteed a stable supply of crude for Petronas; and ...

Hui Shan


Posted 21 days agoLink > Oilgasoil gas companies +4

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 1 month agoOpinion > OPECNon-OPECNOPEC +91

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 2 months agoOpinion > Senator BingamanBingamanSanta Fe +71

Dr. Daniel Fine: Trump and Oil in Trade Geopolitics

Unlike 1973, and its oil embargo against the United States, there is no supply threat from the Middle East. Consequently, only a demand unknown moves the price of crude oil. Permian/Delaware has displaced the Middle East as a source and even Mexico imports U.S. production.  This has caused euphori ...

Will Fine


Posted 5 months agoOpinion > United StatesMiddle EastPermian +69

Analysis: What's Next for Oil and Gas Prices After Putin-Trump Summit? by Dr. Daniel Fine

(Photo: Pablo Martinez Monsivais,/AP) The opposition in Congress wants to see a transcript of what President Donald Trump and Russian President Vladimir Putin talked about for two hours alone. No doubt some of that time was spent discussing OPEC and the price of oil. This is abov ...

Will Fine


Posted 6 months agoOpinion > Donald TrumpPresident of the USAPresident +56

Dr. Daniel Fine: Oil – Before and After the November Election

The Trump Administration is moving towards less royalty rates on Federal land leases, less Bureau of Land Management discretion on Environmental Protection Act obstruction on the Application for Petroleum Drilling process, less coal and nuclear power generation decline, and less oil supply confiden ...

Will Fine


Posted 7 months agoOpinion > Ryan zinkeDonald TrumpPresident Trump +66

Fine: No Such Thing As 'Free Trade' With OPEC as a Cartel

Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendanc ...

Will Fine


Posted 8 months agoOpinion > Kingdom of Saudi ArabiaSaudi Arabiasaudi +68

Dr. Daniel Fine: OPEC in Houston and Steel Pipes From China

For a week in March, Houston was the site of a world assembly of oil producers engaged in an OPEC-Russia dialogue with American shale or light tight oil producers on supply and — indirectly — price.  OPEC and Saudi Arabia pitched a market information offensive.  Put simply, American oil producers ...

Will Fine


Posted 10 months agoOpinion > HoustonsteelChina +71

NrgEdge - Your Weekly Update: 19 - 23 March

Market Watch Headline crude prices for the week beginning 19 March 2018 – Brent: US$66/b; WTI: US$62/b While swelling shale output continues to weigh on crude prices, geopolitical trends have taken over to add some volatility to the market. With ex-ExxonMobil chief Rex Tillerson fired as the ...

Nrgedge Admin - NrgEdge


Posted 10 months agoOpinion > nrgedgeOil and GasEnergy +3

NrgEdge - Your Weekly Update: 12 - 16 March

Market Watch Headline crude prices for the week beginning 12 March 2017 – Brent: US$64/b; WTI: US$61/b Crude prices started on a weaker note, after a see-saw week of trading last week, as indications pointed to American shale output swelling. With OPEC's efforts already in place and the be ...

Nrgedge Admin - NrgEdge


Posted 11 months agoOpinion > nrgedgeoil and gas newsweekly news update +2

NrgEdge - Your Weekly Update: 5 - 9 March

Market Watch Headline crude prices for the week beginning 5 March 2017 – Brent: US$65/b; WTI: US$62/b Crude oil prices began the week on a stronger note, bouncing back from market jitters of American plans to impose steep tariffs on steel and aluminium imports to trade on indications that U ...

Nrgedge Admin - NrgEdge


Posted 11 months agoOpinion > nrgedgeOil and Gasweekly news update +3

NrgEdge - Your Weekly Update: 26 Feb - 2 Mar

Market Watch Headline crude prices for the week beginning 26 February 2017 – Brent: US$67/b; WTI: US$64/b Crude prices chalked up a week of gains last week, gaining on positive signs in US demand and continued statements of support from OPEC to ‘manage global crude oil supply.' Last week, ...

Nrgedge Admin - NrgEdge


Posted 11 months agoOpinion > nrgedgeOil and Gasweekly news update +3