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Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:27/4/17
Morning all. Brent closed last night down 0.28 to $51.82 and WTi closed at $49.62 up 0.06. For those people who wear glasses, you know that feeling when you think you've lost them? You search the house top to bottom, you blame the kids, the dog, you check in the fridge, the car, everywhere basically but you can't find them? Then you come to the conclusion you've lost them so you go and buy another pair and a spare pair just in case. Then you get home and you realise they were on your head all along. W

Case Study: Fujairah Weekly Oil Inventory Data GIQ Project 2015-2017

Gulf Intelligence
Posted:27/4/17
UAE Government Open Data Policy 2021 Why data is open? In line with the principles of transparency, openness, cooperation and sharing, the United Arab Emirates has adopted the open data concept – the government encourages all its ministries to provide files and documents through its website that includes content that can be shared and republished to increase the level of public awareness in the specialized knowledge of its practices. The UAE open data policy is considered one of the leading practices th

GIQ: Industry Survey

Gulf Intelligence
Posted:25/4/17
GIQ: Industry Survey: Oil Markets Outlook.

GIQ: Industry Survey

Gulf Intelligence
Posted:25/4/17
GIQ: Industry Survey: Energy Industry Communications & Media Engagement.

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:25/4/17
Morning all. Brent closed down 0.36 last night to $51.60 and WTi closed at $49.23 down 0.39. Bouncebackability. It was a term coined by a semi mad football manager called Ian Holloway. Newcastle have bouncebackability. Burnley had bouncebackability. Does Brent have bouncebackability? Well it depends on how you view things really. I read statements that "$60 per bbl is a fair price". I don't believe that for a second. Not as a consumer at least. I'd say $45 is a fair price. Of course I would like

Country Analysis Brief: United Arab Emirates

Energy Information Administration
Posted:24/4/17
Since gaining independence from the United Kingdom and uniting in 1971, the United Arab Emirates (UAE)—a federation of the seven emirates of Abu Dhabi, Ajman, Al Fujairah, Dubai, Ras al Khaymah, Sharjah, and Umm al Qaywayn—has relied on its large oil and natural gas resources to support its economy. The UAE is currently the seventh-largest petroleum producer in the world, and hydrocarbon export revenues are projected to account for $65 billion in 2017, roughly 20% of all export revenue. The share of hydroca

Commentary: Producing industrial hydrogen from renewable energy

International Energy Agency
Posted:24/4/17
Over 60 million tonnes of hydrogen are produced every year for a range of industrial purposes, including ammonia production, hydrocracking (breaking complex hydrocarbons into lighter fuels), and removing sulfur from fossil fuels. The vast majority of this industrial hydrogen is produced from coal gasification or steam methane reforming (SMR), both of which need a lot of energy and generate significant carbon dioxide emissions. A much smaller proportion of hydrogen is produced via electrolysis of water, whi

SHORT-TERM ENERGY AND SUMMER FUELS OUTLOOK

Energy Information Administration
Posted:24/4/17
Global liquid fuels For the 2017 April-through-September summer driving season, U.S. regular gasoline retail prices are forecast to average $2.46/gallon (gal), compared with $2.23/gal last summer (see Summer Fuels Outlook). The higher forecast gasoline price is primarily the result of higher forecast crude oil prices. For all of 2017, the forecast average price for regular gasoline is $2.39/gal, which, if realized, would result in the average U.S. household spending about $200 more on motor fuel in 2017 co

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:24/4/17
Brent closed Friday down 1.03 to $51.96 and WTi closed at $49.62 down 1.09. I don't want to start every Monday off with them same thing i.e. the US rig count continues to build and crude came off. This week is different and that's because Arsenal won.

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:6/4/17
Morning all. Brent closed last night at $54.36 up 0.19 and WTi closed up 0.12 at $51.15. Yesterday the more eagle eyed reader of my nonsense may have noticed that I said that APi predicted a build on crude on Tuesday evening. In fact APi said the opposite and they predicted a draw. But what happened? EIA showed that crude numbers built last week. So did my error even really matter? Or was it even an error? I think what it does highlight is that the market blatantly expects demand to pick up and it bought in

Global Tracking Framework 2017 - Progress Toward Sustainable Energy

World Bank Group
Posted:5/4/17
In every area of sustainable energy, a number of countries are outperforming the world, despite slower than required progress overall to achieve global energy access, renewable energy and energy efficiency goals, a new report finds. Entitled Global Tracking Framework 2017 – Progress Toward Sustainable Energy, the report points to the International Energy Agency’s projections to show that at the current rate of progress, only 91 percent of the world will have electricity access in 2030, while only 72 percen

Bunker industry headwinds continue ahead of 2020

S&P Global Platts
Posted:5/4/17
With the first quarter of 2017 over, the slew of problems facing the bunker industry shows no sign of diminishing. Consolidation among both shipowners and fuel suppliers, tightening credit conditions and shifting demand are all adding to the threat posed by tougher environmental regulations due to be introduced in the years ahead. More emissions regulation to follow IMO sulfur cap The biggest shock for the industry to absorb is the decision by the International Maritime Organization in October to cut the

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:5/4/17
Morning all. Shock, Stanley was wrong again. Brent closed last night up 1.05 to $54.17 and WTi closed at $51.03 up 0.79. I'm a man of simple pleasures - rubbish jokes for example, so here's one of my favourites - "A bloke walks in to a butchers and spots 2 bits of meat on the ceiling. The butcher says "How can I help you", the man says "I'll have those 2 bits of meat on the ceiling please", the butcher replies "Sorry mate, the steaks are just too high". Now, what has any of that got to do with the oil marke

Uncovering the Secret History of Wall Street’s Largest Oil Trade

Bloomberg Markets
Posted:4/4/17
The men huddled in the same first-floor conference room as always, only this time they’d decided to make their annual oil bet bigger and bolder than ever before. Fewer than a dozen representatives from three Mexican government ministries and Petróleos Mexicanos, the state energy company, were about to make a wildly contrarian play. If it paid off, the profits would be enormous. And if they were wrong? They would have spent a small fortune in vain. Almost seven months earlier, at the beginning of January 20

Uneven progress on achieving access to sustainable energy for all

International Energy Agency
Posted:4/4/17
Modest improvements in global electrification and access to clean cooking overshadow more significant progress in the global share of renewable energy reports Global Tracking Framework 2017 – Progress Toward Sustainable Energy, launched today in New York. This third edition of the report, a multi-agency effort led by the International Energy Agency (IEA) and the World Bank, provides an update of how the world has been moving towards the three SE4All objectives: universal access to electricity and clean cook