Post Tagged with: "energy markets"
Rosneft CEO warns of potential ‘super cycle’ in energy markets
MOSCOW, Nov 12 — Russia’s Rosneft the world’s second-biggest oil company by output after Saudi Aramco, warned today of a potential “super cycle” in global energy markets, raising the prospect of even higher prices as demand outstrips supply.
Surging …
Oil prices ‘could make a run at $80’ if US-Iran conflict intensifies, analysts say
Oil prices could surge toward $80 a barrel if escalating geopolitical tensions disrupt Middle East crude supplies, analysts told CNBC on Friday, with energy market participants “on tenterhooks” after a U.S. airstrike killed key Iranian and Iraqi military personnel.…
Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire
From Bloomberg
Hildebrand gained fortune buying old, conventional oil assets, bet may be timely as investors begin to sour on shale
Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, …
Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows
From Reuters
An inexorable decline in spot market prices for liquefied natural gas (LNG) is pushing utilities in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices, lawyers and analysts said.
The …
U.S. Energy Expenditure Level Lowest Since 2004
The EIA reported today that the U.S.’s expenditures for delivered energy totaled $1.127 trillion, or 6.2% of the nation’s GDP, in 2015—the lowest since 2004. The decrease was approximately 20% lower than expenses in 2014, which totaled a little over …
