It is fairly common nowadays to see relatively near-term estimates for a point at which demand for petroleum-based fuels begins to decline. The term often used to describe this “tipping point” is Peak Oil Demand. When I say “near term,” I mean right around the corner if you look at an estimate published last year by the International Energy Agency-IEA,...

One of the recent positives for bonds and non-energy stocks could have run its course after Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, according to Bloomberg markets live reporter Garfield Reynolds Over the weekend, state-owned Saudi Aramco raised the June official selling price of Arab Light crude for...

Oil and gas companies have boosted offshore drilling in recent months, finding large resources in the newest exploration hotspots and aiming to develop huge low-cost, low-emission oil and gas fields that will yield decades of high returns. The majors are investing more in deepwater exploration as they are doubling down on their pledge to continue delivering...

Giant Chevron and mid-cap Cheniere have said they are bullish on natural gas demand, which Chevron CEO Mike Wirth says he expects to beat expectations due to surging electricity consumption from big tech.  Speaking to CNBC on Monday, Wirth said that while the market for natural gas was evolving rapidly, making it difficult to pin down, he expects soaring...

So strategically vital to Russia, Iran, and China is the Akkas gas field in Iraq that enormous pressure was brought to bear on politicians in Baghdad to ensure that all contracts related to the field went to Russian firms in the first instance, with back up from Chinese companies when required. Iranian gas companies are not thought up to the task of...

The Abu Dhabi National Oil Company (ADNOC) has terminated talks to buy a stake in Brazil’s petrochemicals company Braskem from its controlling company Novonor, Braskem said on Monday. At the end of last year, the state oil giant of the United Arab Emirates (UAE) proposed a non-binding offer to buy a stake in Braskem, in an offer implying an equity value...