Blog Archives

Saudi Arabia “Takes the Gloves Off”: moment of truth arrives for US shale.

Mark Lewis for Kepler Cheuvreux (no url): “Despite the dramatic recent fall in oil prices, OPEC decided yesterday to maintain its current production quota of 30mbd, thereby compounding market fears of a short-term supply glut and prompting a further sharp

Posted in Chronicle, Gas, Oil Tagged with: , , , , , ,

“OPEC Faces Off Against Shale: Who Blinks as Price Slides Toward $70?”

Bloomberg: “OPEC’s decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to U.S. shale drillers.”

Posted in Chronicle, Gas, Oil Tagged with: , , , , ,

“Market rout as oil slide rocks energy groups”: FT.

FT: “Shares in the world’s biggest energy groups have tumbled in a market rout as plunging oil prices put at risk billions of dollars of investment and jeopardised future supplies of crude.”

Posted in Chronicle, Gas, Oil Tagged with: ,

61 US shale drillers owing $199 bn should fear lessons of 1986.

Bloomberg: “The last time that U.S. oil drillers got caught up in a price war orchestrated by Saudi Arabia, it ended badly for the Americans.”

Posted in Chronicle, Gas, Oil Tagged with: , , , , ,

“Shale jubilation fades as oil price falls undercut model”: FT.

FT: ‘The revolution devours its children.’ That observation, made by French journalist Jacques Mallet du Pan in 1793, has become a commonplace of political upheavals, but it is often true of revolutions in business, too. Companies that create a new

Posted in Chronicle, Gas, Oil Tagged with: , , , ,

UK oil and gas industry pleads for Treasury help with low oil price.

FT: “Oil companies want George Osborne to make good his promise of tax reforms to encourage more investment in the North Sea or risk a collapse of the sector.”

Posted in Chronicle, Oil Tagged with: , ,

“US oil producers can’t kick drilling habit.”

John Dizard for the FT: “You would think, what with the recent oil price crash, the people who finance US oil and gas producers would have learnt their lesson. But not yet.”

Posted in Chronicle, Gas, Oil Tagged with: , , , ,

“Oil price slump to trigger new US debt default crisis as Opec waits.”

Telegraph: “Remember the global financial crisis, triggered six years ago when billions of dollars of dodgy loans – doled out by banks to subprime borrowers and then resold numerous times on international debt markets – began to unravel and default?”

Posted in Chronicle, Finance, Gas, Oil Tagged with: , , , , ,

IEA warns oil-price “rout” will deepen, pressure increase on OPEC, Russia.

Bloomberg: “Oil prices could slide from a four-year low in the coming months as the market enters a period of weaker demand, increasing pressure on OPEC to reduce production, the International Energy Agency said.”

Posted in Chronicle, Oil Tagged with: , ,

Breathing space from non-OPEC oil output is “illusory”.

Mark Lewis for Kepler Cheuvreux (no url): “The IEA yesterday released its 2014 World Energy Outlook (WEO), the annual benchmark reference document for energy-market practitioners.”

Posted in Chronicle, Clean Energy, Climate, Gas, Oil Tagged with: , , ,