It is difficult to emphasize just how bearish the supply/demand outlook is currently. As things stand, we are looking at an unprecedented stockbuild during Q1 2015. For as long as OPEC, or essentially rather Saudi Arabia, persists with the current...  +

Have oil prices reached a new normal? As the U.S.’s emergence as a big oil producer combines with OPEC’s refusal to cut production, a budding rivalry with Saudi Arabia, economic slowdown in China and Europe and emerging technologies, is the market...  +

Potential oversupply of 1.5 mmb/d, after OPEC’s decision not to cut Stocks position could quickly rise above the very high levels seen in 2008-09 Severe pressure on prices likely in early 2015: Brent possibly below $50/bbl  OPEC unwilling to ...  +

Russia's offer of a centre stage role in its revised gas export plans to Turkey, after President Putin killed off the South Stream pipeline to southeast Europe, has been greeted with more muted applause in Ankara than Moscow might have hoped.   ...  +

The world should brace itself for a further 20 per cent fall in the price of crude oil to about US$55 a barrel by this time next year, says the man who correctly called the current collapse in prices. Dr. Fereidun Fesharaki, Chairman of FGE, says...  +

As oil prices continue to plummet, the once-dominant international cartel of producers is losing its sway over the global energy markets.     Read Article  +

For the first time in four years, Hawaii motorists can look forward to seeing $3.50-per-gallon gas prices, and not five or 10 years from now, but in three to six months.     Read Article  +

Gazprom the Russian gas giant, is adding substance to the Kremlin’s plan to shift its economic focus to Asia, as the company signs its second major gas deal with China this year.     Read Article  +

Saudi Arabia, the world’s biggest oil exporter, is telling the market it won’t cut output to lift crude back to $100 a barrel and that prices must fall further before it does so, according to consultant FGE.     Read Full Article  +

Crude Oil reversed gains from Wednesday to trade in the red today down 69 cents at 81.51 while Brent Oil fell 68 cents to book at 86.45. Crude collapsed into a bear market this month as Saudi Arabia and other producers deepened price discounts for...  +