Keep the global supplies flowing, says minister
24 May 2012
As Opec delegates prepare to meet in Vienna, they would be wise to listen to Ali Naimi. Keeping supplies flowing is not just in the cartel's best interests, it is the best course of action for the global economy
Opec supply lifts global oil output
24 May 2012
Global supply rose to 91million barrels a day in April
America’s oil consumption has dropped 20% since 2005
25 April 2012
It’s a mystery worthy of a detective novel: as US consumption patterns have changed, an estimated 4 million barrels a day of the country’s oil demand has simply vanished
New book describes oil's paradox of plenty
4 April 2012
The oil curse is spreading to new petroleum producers. Derek Brower reviews a new book which explains why oil's grip remains so powerful and what can be done about it
Why a strategic stock release won’t work
29 March 2012
Crude prices lost $4 in London after a Reuters report claimed the US and UK were considering a bilateral release of strategic oil stocks. By the time the story had been denied, the market had judged the news worth just $2 a barrel
Non-Opec outages push global output down
28 March 2012
Global oil production slipped by 200,000 barrels to 90.4 million barrels a day (b/d) in February, as rising Opec output failed to offset losses outside the group
Oil markets ignore bearish outlook
29 February 2012
Perceptions of tight supply, renewed hopes for the world economy and geopolitical risks associated with Iran have rallied oil prices and buoyed the market, despite growing evidence of a slowdown in global demand growth
Global oil supplies inch up as Opec output rises
29 February 2012
World oil supply rose by 90,000 b/d in January, reaching 87.9 million b/d, with a jump in output from Opec more than offsetting a 200,000 b/d decline in production outside the cartel, said the IEA
WTI’s structural shift: The US has a role in global oil market
16 February 2012
Don’t write off the US, its oil benchmark, or its currency just yet. The country’s role in the global oil market, said since 2007 to be losing its significance, will be decisive again
Sowing the seeds of demand destruction
14 February 2012
With Brent trading at an 18-month high, the oil market’s bulls appear to have good reasons to celebrate. But the long-term outlook is far more troubling. A steep correction is on the cards
Oil price stays firm despite bearish US data
2 February 2012
Crude prices continue to trade in a narrow range above $110 a barrel, as bearish data from the US failed to soften oil markets
Opec output hits three-year highs
25 January 2012
Supply increased globally by 100,000 barrels a day
Oil prices fall as Hormuz threats fade
25 January 2012
Crude prices fell at the end of January, as fears of supply disruptions from Iran and Nigeria faded, although positive Chinese and US economic data supported the market
Oil price falls as supply fears evaporate
20 January 2012
Crude oil prices fell this week on evaporating fears of supply disruption from Iran and Nigeria, although the market was supported by positive Chinese and US economic data
2011: A year that defied predictions
21 December 2011
Anyone who, a year ago, said 2011 would see civil war in Libya; Muammar Qadhafi toppled and executed; revolutions in Tunisia and Egypt; a revolt in Syria; the quashing of a rebellion in Bahrain by Saudi Arabia; a new nuclear crisis; the near-collapse of the Eurozone; and a renewed pessimism in the global economy should be a candidate for some kind of Nobel prize
Repsol sows seeds for organic growth
15 December 2011
From small things, good things grow, says Antonio Brufau. Repsol’s chief discusses the strengths of not-so-big oil
Opec united as storm clouds gather
15 December 2011
The cartel has picked a good time to patch up its differences, but first-quarter 2012 could be rocky for oil markets
Oil production soars in November
15 December 2011
World oil production rose by 940,000 b/d in November, to 87.76 million b/d, largely on the back of higher output from Saudi Arabia, Libya, and some non-Opec countries, said the IEA
Oil market’s zero-sum game
9 December 2011
It’s make or break time for the oil industry and the global economy
World Petroleum Congress optimistic about oil price
5 December 2011
The oil industry doesn’t expect a sharp drop in crude prices any time soon. The mood at the World Petroleum Congress is buoyant. Doha, the Qatari capital playing host this week, is putting on a good show
Non-Opec drop behind global output dip
25 October 2011
Global oil production fell after decreased Opec output
Escaping the resource curse with transparency and accountability
20 October 2011
The resource curse is not inevitable. What’s needed is transparency and accountability, say Gavin Hayman and Giulio Carini of Global Witness*
World needs $38 trillion energy investment
18 October 2011
The world must invest $38 trillion in oil, gas and electricity infrastructure over the next 25 years to stop prices from soaring, the International Energy Agency (IEA) said today. And about half of that will need to be spent in the power sector
Opec’s El-Badri sees swift Libyan oil return
11 October 2011
Libyan oil production will hit 1 million barrels a day (b/d) in six months, and reach pre-war levels in less than 15, said Opec secretary general Abdalla El-Badri on Tuesday
Yergin’s book optimistic in a pessimistic age
11 October 2011
Daniel Yergin’s The Quest provides the comprehensive story of energy, its politics and its problems. It’s an optimistic book in a pessimistic age
LNG market to break oil-linked gas price
29 September 2011
The expanding global liquefied natural gas (LNG) market is likely to erode traditional oil-linked gas prices, if not break them completely, the Energy Charter Secretariat said on Wednesday