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Saudi Aramco IPO of Shares and London Stock Exchange Rules

  •  Published by Pete Nisbet on   August 2, 2017  


The Saudi Aramco IPO may be listed in the London Stock Exchange. Saudi Aramco intends to sell 5% of its stock in an initial public offering in 2018. For obvious reasons, the world’s bourses are vying for the listing. The sale may value the Saudi Arabia national oil company at $2 trillion. Announce [...]

Diesel Alternative Being Sought: CNG May be the Fuel of the Future

  •  Published by Pete Nisbet on   July 23, 2017  


Car manufacturers are looking for a diesel alternative. Seat believes that CNG (compressed natural gas) could be the fuel of the future to replace diesel. Seat Chief Executive Luca de Meo stated on Saturday that compressed natural gas is potentially a genuinely valid alternative to diesel. Diesel ca [...]

Electric Vehicles and the Oil Industry: Where Two Technologies Collide

  •  Published by Pete Nisbet on   July 15, 2017  


Electric vehicles are a threat to the oil industry. While not earth-shattering news, the oil industry appears have been slow in taking note. Sure, in the beginning electric cars were regarded as a novelty but nothing to worry too much about. However, they now present a long-term threat to oil produc [...]

Oil Supply Shortage Forecast by Saudi Aramco Chief Executive

  •  Published by Pete Nisbet on   July 10, 2017  


An oil supply shortage has been forecast by Amin Nasser, Chief Executive of Saudi Aramco. The Dhahran-based Saudi Arabian nation petroleum and natural gas company is the world’s largest by revenue. Mr. Nasser was talking about a longer term forecast when he made the statement.   Althoug [...]

Tesla and Neoen Deal: Tesla Lithium Ion Battery to be Made in Australia

  •  Published by Pete Nisbet on   July 7, 2017  


A Tesla and Neoen deal has been confirmed by Elon Musk to help solve South Australia’s energy problems. A large Tesla Lithium ion battery will be made in collaboration with the state’s energy company Neoen. This will be the largest lithium ion battery every made. It is expected to protect the So [...]

US Oil Production Drop Allows Crude Oil Prices to Rise

  •  Published by Pete Nisbet on   July 4, 2017  


A US oil production drop enabled crude oil prices to rise Monday. The oil price rise was 1.5%, creating the longest period of daily gains in over five years. While US output was estimated to drop, the potential OPEC production increase may stop these gains dead.   Brent crude futures rose [...]

Price of Oil Falling as Crude Output Increases: OPEC Initiative Failing?

  •  Published by Pete Nisbet on   June 20, 2017  


With the price of oil falling, Tuesday crude oil prices reached their lowest for seven months. Most OPEC members have been trying to cut back on production in order to reduce the level of oversupply of crude, but not all of them.   The issue is that several of the key oil producers have i [...]

Crude Oil Production Cuts Failing as Crude Prices Drop

  •  Published by Pete Nisbet on   June 15, 2017  


Crude oil production cuts are not working.  Crude oil prices were close to their lowest figure since November this morning. There are many doubts regarding the effectiveness of OPEC crude oil production cuts in keeping inventories down and crude pric [...]

US Oil Production Increases: Oil Prices Fall as Oil Production Glut Continues

  •  Published by Pete Nisbet on   June 11, 2017  


US oil production increases while OPEC tries to maintain prices.  Oil prices fall for another week as the oil production glut continues.  Despite OPEC action to keep production down, the US and other countries refuse to comply. Oil futures were trading on Friday at under $50. These were the prices [...]

Will Qatar LNG Supplies be Affected by Rift with Other OPEC Members?

  •  Published by Pete Nisbet on   June 5, 2017  


There are fears that the country’s rift with other OPEC members might affect Qatar LNG supplies. Saudi Arabia, Bahrain, Egypt and the United Arab Emirates have severed ties with Qatar due to that country’s association with extremism. Qatar is the world’s top provider of liquefied natural gas ( [...]