Shale

Oil steady but set for 2019′s biggest weekly loss

Oil prices were steady on Friday ahead of long U.S. and UK holiday weekends, but were on track for its biggest weekly drop of the year, pressured by rising inventories and concern over an economic slowdown. Brent crude rose 12 cents to $67.88 a barrel by 11:57 a.m. ET (1557 GMT) but the global benc ...

Mexico’s liberalized natural gas market in an era of nationalism

In December, Mexico’s energy market reform turned five years old. The event was unceremoniously marked by the inauguration of Andres Manuel Lopez Obrador, or AMLO—a nationalist, left-leaning presidential candidate elected partly on a promise to dismantle it. While the recent growth of Mexico ...

USD/CAD Canadian Dollar Lower Despite Reaching Tariff Agreement With US

Canadian Dollar Lower Despite Reaching Metal Tariffs Agreement With US The Canadian dollar lost 0.22 percent this week. The loonie had a volatile five days as the US decision to reach an agreement on aluminium and steel tariffs was a positive for the currency alongside rising oil prices. Negatives ...

USD/CAD Canadian Dollar Rises on Steel and Aluminum Tariffs News

The Canadian Dollar rose 0.18 percent against the greenback on Wednesday. Canadian inflation data met the forecast at a 2 percent rise on a year over year basis. Gasoline prices increased 10.2 percent in the last 12 months as crude has appreciated with the OPEC+ deal limiting output and several geo ...

Oil Prices Rise on Geopolitical Turmoil Despite Rising US Inventories

Oil prices are rising on Wednesday despite higher US weekly crude inventories. The Energy Information Administration (EIA) reported a gain of 5.4 million barrels but rising tensions in the Middle East forced US diplomats to withdraw from Iraq putting more emphasis on a showdown between America and ...

Insight Conversation: Carole Nakhle, Crystol Energy

Carole Nakhle, CEO of independent consultancy Crystol Energy and founder of Access for Women in Energy, spoke to Paul Hickin about energy transitions and shifting oil and gas politics. How do you see the energy mix changing in the next decade? The global energy mix is unlikely to look much differe ...

Chevron Abandons its Anadarko Bid

Chevron Corp abandoned its takeover bid for Anadarko Petroleum Corp on Thursday, outmaneuvered by Occidental Petroleum Corp’s higher, $38 billion offer that included more than three times as much cash. With a financing assist from billionaire investor Warren Buffett, Occidental, one-quarter Chevr ...

Natural gas and coal: Plunging prices

This blog is the third in a series of nine blogs on commodity market developments, elaborating on themes discussed in April 2019 edition of the World Bank’s Commodity Markets Outlook.   Natural gas and coal prices have plunged this year, in sharp contrast to oil prices, which have staged a recove ...

Insight from Washington: Does Venezuela need to hit rock bottom to find oil recovery?

For months, the Trump administration resisted calls to sanction crude flows out of Venezuela, fearing the US would be blamed for the ultimate collapse of the South American nation’s once-mighty oil sector. Venezuela’s oil industry was already teetering towards disaster – there was no need for ...

Energy and commodities highlights: Crude contamination, alternatives to Iranian oil, China shale gas

Supply-side issues continued to preoccupy oil markets at the start of May, after Russian crude exports to Central and Eastern Europe were hit by a contamination problem that caused disruption all along the supply chain. Problems with crude quality on Russia’s Druzhba (Friendship) pipeline began t ...