Petroleum Economist
A Saudi-Russia deal to cut?
Both countries want higher oil prices. But a troubled history and near-term market dynamics suggest the time is not yet ripe
Debts threaten Latin America’s state oil companies
Petrobras, PdV and Pemex facing mounting financial pressures. Expect deep spending cuts
Novatek still bullish on Yamal LNG prospect
Cut off from Western financing, the Russian gas firm is relying on Chinese and Russian backers to fund its export project
Jodi shines light on the oil market
Everyone likes transparency, but not everyone likes to share data. The IEF is still convinced its Jodi database is the answer
Digging-in time
The short-term fundamentals look dire. But producers must not panic
Canada's oil sands get a tax reprieve
The slump in crude prices has nixed Alberta's plans to raise royalties. The province retains its generous investment regime
Shell and BG: 1 + 1 = 5
LNG and Brazil will create immense long-term value for Shell and BG Group
Ruble crash may force Russian oil producers to offload foreign assets
The ruble's collapse and slump in oil prices are forcing firms to shrink their overseas interests
Is oil really financing IS?
The terror group’s crude production, trade and revenue have been vastly over-estimated argues Luay al-Khatteeb
Unending conflict
The course of war in Syria will go a long way to determining the wider Mena region’s fate in 2016
Market turmoil hits IS-captive Iraq
Spending constraints thanks to low oil prices and military expenditure are frustrating the federal government and the KRG
Bottoming out: the fragile recovery of the oil market
The good news is that the fundamentals should start to improve. But speculation abounds that oil could get caught in the wider market downdraft
Why oil investors won’t be rushing into Iran’s upstream just yet
Good reasons to invest in Iran’s energy sector abound. But for now discretion remains the better part of valour
Canada looks to reset strained US ties with energy pact
Canada’s new prime minister, Justin Trudeau, wants his ‘bromance’ with Obama to yield some concessions on energy
Iraqi oil sector: Fighting against all odds
Iraq’s myriad troubles will not stop its crude output from growing again in 2016, says oil minister Adil Abdul al-Mahdi
Will Iraq fall apart as political problems continue?
With Islamic State in control of large swathes of territory, Kurdish Iraq pushing autonomy and Basra itching for more money, Baghdad is losing control of its country – and its oil sector
History not on the side of any Opec-Russia deal
Why Saudi Arabia can’t really trust the Kremlin to cut supply
Time to comply with emissions-trading systems
Emissions-trading systems are here to stay. Oil and gas firms need to start budgeting for them
Freezing output does nothing for the oil market
If the best Opec can muster is a weak deal not to lift already high production this will add little strength to prices. But the Doha deal may be just the first step
Slower than thought
Politics, uncertainties over contract terms and physical constraints will cap the speed of Iranian oil’s revival
Colombia’s oil bust
The Latin American heavy oil producer has had a stellar few years but will see output fall this year
Doubts linger in the Rovuma
Mozambique offshore gas could transform its economy. But plans to use it domestically or build a lucrative export business have hit a number of problems
The big shale capital crunch
US tight oil producers are pulling out all the stops to get through the sector’s first major test
The next China?
Strong GDP growth, coupled with some reforms at home, could make India a new engine of global energy demand
Is this the bottom?
The Doha deal and some changing sentiment are giving hope to a struggling market
Power to the people
As LNG growth plans fade, improving the domestic market is the priority for Nigeria to make use of its abundant gas reserves
Oil-market forecasting: A thankless task
Supply and demand are behaving in ways the IEA did not previously expect
Production forecasts: falling, not freezing
Welcome to our in-depth report on production forecasts
Asia past its peak
China’s output will fall this year, the biggest loser as Asia’s oil production drifts lower
Diesel demand heading east
As Europeans are falling out of love with diesel, market share elsewhere will keep rising
Falling margins, rising maintenance
A busy season of refinery turnarounds is about to weaken crude demand, again
The next glut for refiners
Margins will suffer, with refiners about to add even more distillation capacity that the world probably won’t need
West Africa on the up
Oil production will grow again in 2016, despite the downturn in prices
The storm nears in the North Sea
UK and Norwegian oil output has defied gravity for the past year, but the slowdown will become plain in 2016
Nearing the cliff edge
As things stand now, US oil output is about to start dropping quickly. Almost 1m barrels per day could be lost
Defying the gloom
Canada’s oil sector is suffering, but output is still going to rise this year
Flatlining in the FSU
The region’s three big producers will have a mixed 2016. Russian output will hold steady, while Kazakhstan and Azerbaijan see small declines
Liquid, not solid
Short of a full-on political decision to cut supply, the Middle East’s output will rise again this year
Heading south
Outside Brazil, Latin American output is on its way down
Shake up and share out
If you’re an oil company executive looking to save money at a time of low oil prices and you’ve already pared your margins down to the bone, cooperation – sharing information with your fellow companies – should make a lot of sense
LNG growth threatened by supply glut
Weak prices and short-term abundance are threatening longer-term LNG supply growth. Demand needs to pick up