Saudi Arabia’s long-standing status as a swing producer of crude oil could be drawing to a close according to the head of national oil company Saudi Aramco.
China’s apparent oil demand rose by 12.8% in March this year, following the expansion of refining capacity and rapid growth in the Chinese economy, but this does not indicate that global supply will tighten, say analysts.
UBS has hired former RBS Sempra Commodities head Kaushik Amin amid speculation that it will restart its commodities trading business
The International Energy Agency (IEA) has stuck to its previous forecast for global oil demand in 2010, following two consecutive upwards revisions, but has lowered its 2009 estimates based on adjusted official data.
Nymex natural gas prices are completely oversold and now is not the time to buy gas, says a market expert in Energy Risk's new show, Talking Technicals.
In a joint announcement yesterday, US President Barack Obama and secretary of the interior Ken Salazar disclosed further details of efforts to strengthen energy security.
BP and China National Petroleum Corporation (CNPC) have awarded a raft of other energy and commodities companies deals to start drilling and production in the lucrative Iraqi Rumaila oilfield, which they operate, despite the current lack of a petroleum...
The development of shale gas production in the US is expected to change the face of the natural gas sector but could it make similar waves in the US oil production industry? Pauline McCallion examines the outlook for US shale oil
With China’s seemingly unstoppable growth in oil demand fuelling speculation that it can only rise further this year, Lianna Brinded investigates how this will impact global supply and change trading relationships
As more companies pull out of trading deals with Iran, analysts predict oil prices will rise on the back of production contraints and geopolitical uncertainty, writes Lianna Brinded
A tightening of the long-running contango in WTI crude oil prices has sparked debate about whether the futures price curve could soon swing into backwardation. Pauline McCallion reports
Energy Risk brings you a snapshot of what's moving and shaking the markets with a special look at the Indian energy derivatives sector.
Chinese oil refining, producing and trading company China Petroleum and Chemical (Sinopec) has acquired deep-water oil assets in Angola by buying a 55% stake in Sonangol Sinopec, in a bid to further secure its diverse portfolio of oil import security.
The Iraqi government’s stated intention to increase oil capacity from 2.5 to 10-12 million barrels per day (b/d) over the next decade is impossible and actual production will fall far short of official stated targets, a panel of market experts has concluded.
News that Brazil is looking to auction more oil and gas blocs this year has met with a lukewarm reception from the oil markets as they await more clarity on the timing, production estimates and pending oil regulations, say analysts.
Big investments into UK smart grids, offshore wind farms under the Renewable Obligation Certificates (ROC) scheme and nuclear power are on the agenda for both the Labour and Conservative parties in the run-up to the UK elections, as the country looks...
Energy Risk brings you a snapshot of what's moving and shaking the markets with a special look at the continuing impact of the financial crisis on utilities.
The International Energy Agency (IEA) has revised its global oil demand forecast for the second time this year, following a double digit upwards surge in China’s year-on-year apparent oil demand in January.
Russia will start construction on a $1.34 billion oil pipeline link this week, in order to speed up its delivery of crude supplies to China.
As international oil companies wade into Iraq, forecasts for Iraqi production now stand as high as 10 million b/d within the decade. However political uncertainty and poor infrastructure leads analysts to caution against relying on Iraq as the next hope...
Privately owned energy trading company Gunvor is the third largest crude oil trader in the world after Glencore and Vitol. It has recently expanded into other energy markets. Paymon Aliabadi, managing director of Gunvor’s global energy group, talks...
Energy Risk brings you a snapshot of what's moving and shaking the markets with special on-the-ground live reports from the Carbon Market Insights conference in Amsterdam.
Crude oil and gas production in Nigeria has fallen by around 30% over the past five years, following a slowdown in exploration and production activity in the country, says Ann Pickard, Shell’s regional executive vice-president of exploration and production...