25/09/2015
Ron Patterson The Texas RRC Oil & Gas Production numbers are out. They came out on a weekend this month. All RRC data is through July. The EIA data is through June. Keep in mind that the RRC data is incomplete, that is why the chart lines..
25/09/2015
Stephen Christoffersen WTI production in Texas and the Texas Unemployment rate are closely correlated. Despite reduction in Texas rig counts, production remains near all-time highs. The full pai..
23/09/2015
Robert Berke One month after the Iran nuclear deal was concluded, the Middle East is still reeling from profound shock. Long and well established alliances have led to bewildering changes, not only in the Mideast, but ..
23/09/2015
Nick Cunningham The financial pressure on indebted oil and gas companies continues to mount, putting them in a bind as they try to mend their deteriorating balance sheets. As their debt rises, drillers have had to divert more of th..
22/09/2015
Seventy-six years to the day after Ol’ Blue Eyes recorded ‘All or Nothing At All‘, and the Federal Reserve finds itself in a similar predicament. For betwixt now and 2pm ET, we are set for markets to be pushed and prodded around..
22/09/2015
Nick Cunningham One of the most significant countries in terms of future oil growth may not be able to achieve its long-term production goals, raising red flags about global oil supplies in the years ahead. For years, Iraq has been central to t..
22/09/2015
HA NOI (VNS) — The Ministry of Finance would speed up the collection of tax arrears in September as a part of the efforts to fulfil the budget collection goal amid plunging oil prices. The ministry said that this month tax departments plan..
21/09/2015
LONDON, Sept 17 (Reuters) - Nigerian crude oil differentials were stable on Thursday, with traders saying that demand from Europe and the United States has offset weaker demand from Asian buyers. Traders said th..
21/09/2015
energymixreport.com Nigeria’s crude oil output increased by about 70,400 barrels per day (bpd) to 1,857,000bpd in August 2015, from its July output of 1,787,000bpd going by the current figures released by Organisation of Petrole..
21/09/2015
commodities-now.com London, 17 September 2015 The party is over for tight oil. Despite brash statements by U.S. producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports..
21/09/2015
irna.ir The company’s president Vagit Alekperov who is in Tehran met with Iran’s oil minister, Bijan Namdar Zanganeh to discuss the future mutual cooperation, Zamaninia said. Increasing Iranian oilfields’ re..
21/09/2015
FUJAIRAH, United Arab Emirates, Sept 17 (Reuters) - Kuwait's OPEC governor Nawal al-Fuzaia said on Thursday the oil market would balance itself but "we need to be patient", indicating support for the producer group's policy of defending market share ..
21/09/2015
sharecast.com (ShareCast News) - Oil prices will gradually rise to $80 a barrel in 2020, as supply growth outside the Organization of Petroleum Exporting Countries (OPEC) weakens. Bloomberg reported that internal OPEC research showed tha..
21/09/2015
Myra P. Saefong By Markets/commodities reporter U.S. demand of oil and refined products rose to their highest August level in five years, according to a monthly report from the American Petroleum Institute released Thursda..
21/09/2015
Low oil and gas prices have lessened pressure from producers for the Obama administration to expand the plays it plans to offer in its five-year plan for offshore leasing, US Interior Secretary Sally Jewell said Tuesday. Prices have ..
21/09/2015
Gaurav Agnihotri OPEC has been the most talked about organization in the oil and gas circuit in the last year as the cartel pursues market share, and any move by OPEC comes under intense scrutiny and analysis. Back in June 2015, it was..
18/09/2015
Gail Tverberg Usually, we don’t stop to think about how the whole economy works together. A major reason is that we have been lacking data to see long-term relationships. In this post, I show some longer-term time series relating..
17/09/2015
Power prices stable for 2015 HA NOI (VNS) — The Electricity of Viet Nam (EVN) and the Viet Nam Coal and Mineral Industries Group (Vinacomin) have assured electricity prices will remain unchanged until the end of the year. The commitment w..
17/09/2015
VN mixed; oil bolsters shares HA NOI (VNS) — Vietnamese shares were mixed yesterday while higher global oil prices helped boost local energy companies. At the end of the trading session, the VN Inde..
14/09/2015
VietnamNet English VietNamNet Bridge – Petroleum prices in Viet Nam are lower than those in its neighbouring countries like Laos, Cambodia, and even China, according to the Ministry of Industry and Trade (MoIT). FacebookTwitter0 vote(s) Co..
14/09/2015
The Next Commodity Boom The OPEC Thanksgiving 2014 decision not to cut production was the right one. Saudi Arabia's decision to ramp up production to retain market share was not necessary and is costing the Ki..
11/09/2015
Features Low oil prices are constricting drilling activity worldwide with a couple of exceptions. Meanwhile, production and reserve levels have gained, spurred by last year’s stout drilling effort. As we look back over the last 12..
11/09/2015
Oil prices fell on Wednesday as ample supply pressured futures even as the prospect of economic stimulus from China boosted equities markets. U.S. West Texas Intermediate crude settled down 3.9, at $44.15 a barrel. Brent crude was trading at $47.70 ..
09/09/2015
James Bullard is right, the US is more than ready to weather its first rise in short-term interest rates for a decade. To the hawkish St Louis Federal Reserve president, the US is entering a full-blown economic boom and it is time offici..
09/09/2015
Fawad Razaqzada September 8, 2015 1:20 pm by Crude oil has managed to rebound noticeably after staging a 2.5-day sell-off that began at the end of last week. Given the corresponding rally across the equity markets,..
09/09/2015
Andrew Hecht Summary Volatility spikes. The bear case for crude going forward. The bull case for crude going forward. Volatility is likely to continue. Where crude goes, many markets will f..
09/09/2015
A shake-up of Saudi Arabia's oil leadership by King Salman has introduced a new element of unpredictability to its energy policymaking at a moment when Riyadh is grappling with slumping crude prices and its war in neighboring Yemen. State oil gian..
09/09/2015
New York - September 08, 2015 Platts Survey of Analysts Crude oil stocks up 300,000 barrels Gasoline stocks unchanged Distillate stocks up 700,000 barrels Refinery utilization, or run rate, down 0.5 percentage points to 92...
09/09/2015
China is planning to launch its own oil benchmark in October, similar to Brent and WTI, striving for a more important role in establishing crude prices. Unlike the Western benchmarks, the Chinese contracts will be nominated in the yuan, not the US..
09/09/2015
Nia Williams, Reuters | LLOYDMINSTER, Canada — Amid the corn and canola fields of eastern Saskatchewan, oil foreman Dwayne Roy is doing what Saudi Arabia and fellow OPEC producers are loath to do: shutting the taps on active well..
09/09/2015
In a market already flooded with too much oil, news that legacy projects signed when prices – and prospects – were much stronger are going to begin feeding into increased output is only likely to add to the bearish sentiment. Internat..
08/09/2015
Nick Cunningham Several recent gas deals will tie Russia and Germany closer together. Russia’s Gazprom announced an agreement on asset swaps with European partners including OMV, BASF, E.ON, and Royal Dutch Shell. The deals w..
08/09/2015
Charles Kennedy The oil bust has been largely a supply-driven phenomenon. Unlike the last time that oil prices were this low – during the 2008-2009 financial crisis – this past year’s price collapse has not ..
08/09/2015
Arthur Berman Rig productivity and drilling efficiency are red herrings. A red herring is something that takes attention away from a more important subject. Rig productivity and drilling efficiency distract from the truth th..
08/09/2015
Brent crude has been the global benchmark against which most oil is measured ever since the field from which it draws its name was discovered in the 1970s. The first Brent futures were introduced in 1988 as a way for traders and refiner..
08/09/2015
With oil prices at a low level, Saudi Arabia will have to take new steps to become a normal country, not just one of oil barons, where the money flows like water from the well, says Jeffrey Albert Tucker, distinguished fellow of the Foundation for Ec..
08/09/2015
Vietnam produced 12.3 million tons of crude oil between January and August, up 8.7 percent year on year even though the government has been urged to cut oil production given sharp decline in global prices this year. August oil output reached 1.5 mil..
08/09/2015
RUSSIA has no plans to join the Organisation of Petroleum Exporting Countries (Opec), an oil-producing cartel of mostly Middle Eastern countries, according the to boss of a major Russian energy company. “Opec has lost its influence as a key ..
08/09/2015
Nafeesa Syeed Mohammed Hatem Mohammed Sergie Gulf Arab nations are expanding the ground war in Yemen, pouring more troops into the country to defeat Houthi rebels they say are backed by regional rival Iran. About 1,000 troops from Qatar entered..
08/09/2015
Stephen Bierman Rakteem Katakey At a time when the collapse in crude prices pushes Russia’s economy into a recession, the nation’s oil producers are managing to beat their western counterparts. On measures including ..
08/09/2015
news.xinhuanet.com HO CHI MINH CITY, Sept. 6 (Xinhua) -- The operations of Vietnam' s only refinery Dung Quat, and other facilities to be built in the future, will not help reduce the retail prices of petroleum products domestically, local online ne..
08/09/2015
naturalgasasia.com Rosneft and Japan Drilling Co. (JDC) have signed an agreement to drill for oil and gas offshore Vietnam. “Rosneft Vietnam B.V., a company of Rosneft Group, and Japan Drilling Co., Ltd. (JDC) represented by its subsidiar..
08/09/2015
English.news.cn HO CHI MINH CITY, Sept. 4 (Xinhua) -- The Vietnam Stock Index or VN-Index, a capitalization-weighted index of all the companies listed on the Ho Chi Minh City Stock Exchange, dropped this week due to oil prices fell. There were..
08/09/2015
By Michael Place Vietnam will invest in Venezuelan food production in exchange for cut-price crude oil imports, under a deal struck by the country's leaders. The accord aims to "facilitate business operations across energy, oil and gas, agricu..
08/09/2015
By , Reuters Vietnam's benchmark VN Index .VNI closed down 1.42 percent on Thursday, the third fall this week, dragged by the losses of banks and energy stocks due in part to lower global oil prices. The fall on Thursday, making Viet..
08/09/2015
Ron Patterson EIA begins monthly survey-based reporting of U.S. crude oil production With the release of today’s Petroleum Supply Monthly, EIA is incorporating the first survey-based reporting of monthly U.S. crude oil production statistics..
07/09/2015
By Manh Quan, Thanh Nien News HANOI - Thursday, September 03, 2015 15:36 An employee keys in the price of petrol at a pump at a petrol station in Hanoi, Vietnam September 3, 2015. Photo: Reuters/Kham An employee keys in the price of petrol at a pum..
07/09/2015
Thanh Nien News HO CHI MINH CITY - Thursday, September 03, 2015 14:26 A man refills his motorbike with biofuel E5 at a station in Ho Chi Minh City. Photo credit: Petrolimex A man refills his motorbike with biofuel E5 at a station in Ho Chi Minh Cit..
07/09/2015
Thanh Nien News A file photo of a Vietnamese oil rig While some officials have proposed an increase in Vietnam's crude output to counter the falling oil prices and achieve an economic growth of 6.2 percent, the government is not yet sure if that ..
07/09/2015
Terming India's plans to conduct oil exploration off Vietnam coast in the South China Sea as "illegal", a state-run Chinese daily today said it is an "unwise move" that may "sabotage" positive momentum in ties. BEIJING: Terming India's plans to c..
07/09/2015
By Michael Place - Tuesday, September 1, 2015 Venezuela, Vietnam sign oil-for-food pact Source: AFP Vietnam will invest in Venezuelan food production in exchange for cut-price crude oil imports, under a deal struck by the country's leaders. T..
01/09/2015
By Robert Brelsford OGJ Downstream Technology Editor Binh Son Refining & Petrochemical Co. Ltd. (BSR), a subsidiary of state-owned Vietnam National Oil & Gas Group (PetroVietnam), has awarded a contract to Amec..
01/09/2015
The EIA’s Monthly Energy Review came out a couple of days ago. The data is in thousand barrels per day and the last data point is July 2015. US consumption of total liquids, or as the EIA calls it, petroleum products supplied, reached 20,0..
01/09/2015
By Ngan Anh, Thanh Nien News The Bach Ho Oil Field in southern Vietnam. Photo: Vietnam News Agency Vietnam, an energy exporting country, is struggling to deal with the negative impacts of lower oil prices as revenue shortfalls make..
01/09/2015
The company had applied for a third extension of the exploration licence in May In 2011, Beijing had warned OVL that its exploration off the Vietnam coast was illegal and violated China’s sovereignty. Photo: Bloomberg New Delhi..
01/09/2015
Gail Tverberg Both the stock market and oil prices have been plunging. Is this “just another cycle,” or is it something much worse? I think it is something much worse. Back in January, I wrote a post called Oil and the Econ..
01/09/2015
MOSCOW: Russia said to move closer to new oil tax to spur production. The country took another step toward changing how it taxes the oil industry after the finance ministry proposed reducing its reliance on duties tied to crude production with a new ..
01/09/2015
Lior Cohen Oil prices rallied in the past few days on account of strong U.S. data. Despite the high volatility in the oil market, the Brent-WTI spread remained relatively stable. What is next for th..
01/09/2015
Oil prices crashed last week only to rebound at lightning speed. On August 28, oil prices surged 10 percent, the largest one-day gain in seven years. So, what happens next for oil prices? On the face of it, the crash and massive rebound makes litt..
01/09/2015
Motley Fool "Oil Glut, Price Collapse Spread Across World's Economies: Ripple Effect at U.S. Firms Unmistakable" -- Los Angeles Times headline Many headlines have been written over the years that point to the ne..