President XI Likely to Keep Crude Tariffs Sidelined

Although there is no off-ramp in sight for the trade war between the U.S. and China, stability and energy security are more important for the Chinese leadership than the need to ‘win’ the trade war with the U.S., according to ESAI Energy’s latest ChinaWatch report. The first version of the $16 billion list of products […]

New Russian Refining Subsidies Take Shape

Russia’s oil tax reform will cause refineries to adjust investment plans, causing some to abandon discretionary fuel oil upgrading projects, according to ESAI Energy’s newly released CIS Watch. Underinvestment in fuel oil destruction will exacerbate the oversupply of fuel oil following the introduction of new IMO regulations that will cause many ships to find alternatives […]

Objections to offshore drilling don’t hold water

A group of coastal-state politicos are scrambling to block a federal plan to expand offshore oil and natural gas drilling. In June, governors from five East Coast states condemned the initiative. And in July, several congressmen tried, and failed, to insert an anti-drilling amendment into a spending bill. These lawmakers claim that opening up America’s […]

Political Strife Causes Libyan Crude Oil Output to Fall

July was a hectic month for Libyan production, with political strife erasing the recent gains made in the oil sector. The aftermath of fighting at eastern Libyan ports and abductions at Sharara led to an exacerbated drop in production in July, which fell about 20% from Kayrros measurements in June. In late June, an attack at […]

3 Ways The Oil Industry Will Be Hit By the Iran Sanctions

Unilateral U.S. sanctions on Iran, which came into force this week, will hit the country hard, of that there can be no doubt. The sanctions affect trade in dollars, gold, steel and aluminium, and in November the restrictions will be extended to include Iran’s oil trade. But what are the possible impacts, however unlikely, of […]

How Louisiana became a tax-hiking outlier in the South

Louisiana is an outlier in the southeast when it comes to tax policy. While most states in the region are cutting taxes, Louisiana is raising them. Down the Gulf Coast from the Pelican State in nearby Florida, the nation’s third most populous state after California and Texas, Republican Gov. Rick Scott is getting ready to […]

Oil and Gas Companies Will Lead the Energy Revolution

John Browne, Lord Browne of Madingley, is the executive chairman of L1 Energy and a former chief executive officer of BP Plc. When it comes to climate change, I have always been a believer: not in hand-wringing debate, not in unrealistic solutions like the elimination of hydrocarbons, but in the power of action. In 1997, […]

BP’s US$10.5bn acquisition of shale oil asset re-confirms the importance of shale oil in the energy market

Shale oil is the most significant development in the energy industry ever since coal was replaced by oil as the principal fuel. The noteworthy rise of shale oil extraction over the last few years has taken the market by surprise. The combination of drilling techniques together with developed hydraulic fracturing and the rebound of oil […]

Oil & Gas Stock ‘in Position to Start a Major Bull Market Advance’

It’s been a long wait for many investors in Torchlight Energy Resources Inc. (TRCH:NASDAQ), but it looks like the wait will soon prove to have been worth it, as the prospects for the company and the stock now look better than ever. While we are going to concentrate on the technical picture for the stock, […]

US-Canada trade tensions could scuttle transnational pipeline deal

The fate of the unfinished Trans Mountain Pipeline in western Canada may be determined 3,000 miles away — in Washington. The stalled project, designed to link oil-sands fields in Alberta with West Coast ports, would become nationalized under the terms of a deal announced in June that would have the Canadian government buy the pipeline and […]