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New Infrastructure in China

By: Matt Karol / Posted on: December 11, 2019

This past Monday, China has launched its new oil and gas pipeline group. This group consists of multiple assets combined into one group with a net worth of between 80 – 105 Billion USD. This has been a plan of China for years, but according to reports, it was just approved this past year.

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Russia Upping the Ante

By: Matt Karol / Posted on: October 25, 2019

After the recent attacks on the oil processing facilities in Saudi Arabia, demand for spot crude oil has risen.  Russian oil demand has been very strong in the Asian market as a result of it. With recent U.S. sanctions on Chinese cargo ships, freight rates have spiked on tankers in the Pacific.  This has prompted the Asian market to bid on freight that ship shorter distances, making the option of Russian crude oil more desirable.

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Trade Deal Hopes Buoys the Bulls

By: Mike Dombroski / Posted on: March 4, 2019

WTI oil prices rose Monday morning to $56.94/barrel due to a barrage of bullish headlines which puts this year’s oil rally north of 22% and climbing.

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WHO RUNS THE WORLD? OPEC

By: Pam Corn / Posted on: December 6, 2018

The world of crude oil is buzzing right now, as OPEC is currently meeting in Vienna, with a goal of reaching an agreement over production levels within the next 6 months. Oil prices dropped over 3 percent on Thursday as OPEC agreed to cut production. However, the cartel is waiting to decide on the actual size of reduction until after a discussion with Russia. This could delay the decision until Friday, when OPEC is set to meet with non-members.

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What In The World?

By: Pam Corn / Posted on: November 8, 2018

As we approach the holidays, here are a few things oil and gas companies are juggling:

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