Operations at the South Pars field in Iran. (Pars Oil and Gas) Global Markets

Iran’s response crucial in Saudi-Qatar spat

The move by Saudi Arabia, Bahrain, the UAE and Egypt to isolate Qatar has thrown the Middle East’s geopolitical fault lines into stark relief. Everything hangs on Iran’s response.

By Peter Stewart 22 June 2017
An Anadarko drilling rig in the Eagle Ford shale play. (Anadarko) Exploration & Production

OPEC decision will boost US production

OPEC’s decision to cut production in the first half of 2017 marks an end to Saudi Arabia’s two-year experiment with unrestrained output. Ironically, shale production in the US looks set to benefit.

7 December 2016
Sinopec's LNG terminal in Beihai, Guangxi. China could become the world’s largest importer of the fuel by 2025. (Sinopec) Supply & Demand

China on way to being second-largest LNG importer

Interfax’s Chief Energy Analyst Peter Stewart spoke at the International LNG Congress in Hamburg this week on the outlook for Chinese gas demand and LNG import growth.

30 November 2016
Supporters of US President-elect Donald Trump applauding his pro-fossil-fuel stance at a campaign rally earlier this year. (PA) Policy & Regulation

OPEC to debate cuts but market share still an issue

Next week, OPEC will hold its first ministerial meeting since Donald Trump was elected as the next president of the United States.

23 November 2016
Offshore Resolute jack-up rig offshore Bangladesh. The country is facing a crisis in gas supply. (Seadrill) Exploration & Production

Bangladesh climate plan gives mixed message for gas

Bangladesh urgently needs to solve its gas and power supply problems, but its plans to reduce emissions under the Paris agreement appear to prioritise coal over gas.

16 November 2016
The US election results could see far-reaching changes in US energy policy. (PA) Policy & Regulation

Trump will roll back Obama’s energy policy

The 2016 US presidential poll result will have profound implications for the country’s energy policy and looks set to undermine global efforts to limit climate change.

9 November 2016
Shell’s capex in 2016 is expected to be below the level of Shell and BG Group’s combined capex in 2014. (BG Group) Companies & Finance

Oil majors to keep tight rein on capex in 2017

US and European oil and gas majors intend to keep a lid on capital spending in 2017 as oil prices are expected to remain low. This could have consequences for prices and the companies’ market shares.

2 November 2016
Khalid al-Falih, president and chief executive of Aramco, met Russian Energy Minister Alexander Novak at the weekend. (World Energy Congress) Global Markets

Russia supports OPEC production freeze and cuts

Russia has concluded a round of talks to help coordinate OPEC and non-OPEC efforts to stabilise oil prices, but market sentiment is already looking more bullish.

26 October 2016
The Datang-Changchun coal power station. China’s appetite for the fuel is growing. (China Datang Group) Supply & Demand

Asian demand leads coal rally

While coal faces challenges, the recent price rally suggests demand remains resilient in Asia.

19 October 2016
Saudi Aramco’s CO2 enhanced oil recovery pilot project. (Saudi Aramco) Policy & Regulation

Saudi Arabia adds its weight to the drive for CCS

Saudi Arabia’s energy minister says the kingdom remains committed to a plan to develop large-scale carbon capture and storage.

12 October 2016
An INEOS Dragon-class ethane carrier. A shipment of the fuel arrived in the UK last week. (INEOS) Exploration & Production

Costs may constrain transatlantic ethane trade

Transatlantic ethane shipments look set to grow, but shipping and plant constraints may limit the petrochemical feedstock’s market share.

5 October 2016
Recent increases in Iranian production have come from South Pars. (Pars O&G) Policy & Regulation

Iran’s tough stand reflects investment ambitions

Iran’s forthright rejection of proposals to freeze oil production reflects its ambitious investment plans for its oil and gas sector now that sanctions against the country have been largely removed.

28 September 2016
Attempts to end Syria's civil war offers hope for the country’s tottering oil and gas sector. (Gulfsands Petroleum) Supply & Demand

Syria ceasefire a glimmer of hope for oil and gas

Syria’s failed ceasefire has at least planted a seed for discussing the eventual rehabilitation of the country’s tottering oil and gas sector.

21 September 2016
An oil platform off Angola. Production by OPEC members has reached record levels. (Galp) Supply & Demand

OPEC and IEA say prices will stay lower for longer

The latest market outlooks from oil producing and consuming organisations suggest a significant recovery in oil and gas prices may not happen until 2018.

14 September 2016
Tesla's utility-scale battery blocks are among some of the better-known energy storage solutions. (Tesla) Pipelines, Storage & Power

Energy storage may be a Black Swan for gas demand

Energy storage is becoming increasingly competitive, and if this development continues it could have significant consequences for gas.

7 September 2016
The Marcellus is the most prolific gas formation in the US, but the rig count there has fallen. (Statoil) Exploration & Production

US oil and gas production to decline in year ahead

A decline in US oil and gas production will tighten the market this winter, but the trend could reverse towards the end of next year as rig counts are improving.

10 August 2016
A drillship off the Brazilian coast. (Anadarko) Exploration & Production

Statoil’s pre-salt deal will boost role of IOCs in Brazil

Statoil’s purchase of a majority stake in the BM-S-8 block offshore Brazil is a pivotal moment for IOCs’ ambitions to acquire a piece of the country’s pre-salt acreage.

3 August 2016
BP's Q2 profits almost halved as a result of lower oil prices and weak refining margins.(BP plc) Companies & Finance

Gloomy Q2 results expected for oil and gas majors

The release of Q2 results by major oil and gas companies will offer insight into how they are coping with the current low price environment.

27 July 2016
The response of Turkish President Recep Tayyip Erdogan to the failed coup is being monitored by EU leaders. (EC) Global Markets

Turkish coup could have far-reaching impact

The coup attempt in Turkey had little effect on the flow of oil and gas through the country, but the long-term consequences of political instability could be profound.

20 July 2016
The ruling on the disputed territorial claim could escalate the standoff in the South China Sea. (US Navy, Flickr) Global Markets

South China Sea ruling risks escalating dispute

The Permanent Court of Arbitration in The Hague upheld the Philippines’ claims in the South China Sea this week, escalating tensions in the region.

13 July 2016
The Panama Canal's western end, at Panama City. The canal is a vital trade link. (PA) LNG

Panama transit could speed LNG market integration

The expansion of the Panama Canal could accelerate the development of benchmarks for LNG sold into Asia.

6 July 2016

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