Energy Consulting Services

The price of oil increased on Thursday as a result of equity markets picking up despite the prediction that the supply of crude oil is going to exceed demand by the end of this year. Futures for Brent crude rose by 23 cents and settled at $65.12, while U.S. West Texas Intermediate (WTI) futures also climbed 23 cents by the end of the session on Thursday, sitting at $61.18. As the U.S stock markets picked up, oil rose alongside it. Crude futures have also risen in tandem with equities without interruption for almost the last 100 trading days, which amounts to the longest such stretch in around two years. The S&P 500 stock index jumped around 0.15%. There was also some price fluctuation after the United States stated that there would be new sanctions against certain Russian individuals and groups. This includes Moscow’s intelligence services and a propaganda organisation based in Russia. A partner at Again Capital in New York, an investment manager, named John Kilduff, exp...

We are moving, slowly but surely, towards a future in which we will be completely dependent on renewable energy . This means cutting down, bit by bit, on our usage of fossil fuels, which pollute and damage the environment, until we can get rid of them completely. After the Paris Deal was signed in 2015, everyone started announcing ambitious targets for carbon emissions, some of which look more likely to be met that others. All this has been well and good, but one country has just completely changed the game. Less than a fortnight ago, a court in Germany ruled in favour of an initiative by the country that will allow large cities to prohibit diesel cars. Diesel cars are some of the worst culprits when it comes to air pollution and the ban on their entering big cities in Germany will no doubt have a huge impact on air quality there. This historic ruling came from the highest federal administrative court in Germany and is expected to hit the automotive industry hard. It is also going...

On Wednesday, Donald Trump, President of the United States of America, was warned that raising the tax on gasoline in order to pay for improvements to infrastructure was an ‘imperfect’ system. This input from Trump’s top economic advisers comes in the wake of Trump’s proposal to increase federal gas tax by 25 cents. These funds would then be used to fund the President’s infrastructure plan to maintain and improve the nation’s roadways. Conservatives have been notably displeased with the idea as there are worries that it might counter the benefit from the tax cuts that were recently implemented by the GOP. This would put the Republican Party in a tough spot ahead of the midterm elections. Furthermore, the Council of Economic Advisers has released a report addressing various concerns the team has regarding the use of taxes in order to pay for the nation’s roads. The chairman of the council, Kevin Hassett, spoke publicly to CNBC on Wednesday to confirm what the council me...

It is normally oil that brings in the hordes of energy enthusiasts to the International Petroleum Week conference. But, it seems like gas has stolen the show with gas leaders sitting pretty instead of oil executives. Traditionally, gas has not had much of a look in at big industrial events such as the International Petroleum Week conference. It just doesn’t have the same global power as oil and has often been seen as a second-string market with far less international intrigue. It is well-known that the oil market is bigger that every other commodity market added together – and no-one knows that better than the oil industry itself. It has always presented itself with an unmistakable air of superiority – no doubt due to its enormous political and economic power. However, this reign of supremacy looks like it might be coming to an end. As governments move towards green energy, gas and renewables are going to clash with oil in the fight to be the top dog of the energy wor...

NRGexpert Weak oil prices are in part responsible for Canada’s main stock index falling to a more than seven-week low at the end of January. The Toronto Stock Exchange’s S&P/TSX composite index had fallen 103.02 points. The energy sector was hit hard as it retreated 2.2% in the wake of U.S. crude prices falling as a result of rising output of crude from the United States. Suncor Energy and Canadian Natural Resources both suffered as well, falling 1.5% and 1.7% respectively. However, outside of the energy sector, other companies did not fare quite as badly. Indeed, Thomson Reuters performed contrary to the general downward trend as its share price went up 9.3% after there was talk that Blackstone Group has moved forward with its plan to purchase a majority stake in one of Thomson Reuters’ key units. Aurora Cannabis and Canopy Growth Co were among the most active Canadian stocks by volume, falling 6.6% and 6.3% respectively. Stocks in the U.S. also fell drastically wit...

It is predicted that oilproduction in the United States could reach 10.8 million barrels per day by 2019. At a present capacity of 10.3 millions, this is 500,000 more barrels a day than the country is currently producing and represents an amount that could put the nation in first place, above Saudi Arabia and Russia with regards to oil production. This forecast has been made by the U.S Department of Energy. On top of this, the Energy Information Administration (EIA) expects that this output will eventually hit 11 million barrels a day by the end of 2019. This will be an unprecedented high for the country. The U.S looks likely to lead the way for non-OPEC production, which is anticipated to carry on growing all the way through to the end of 2019. This will be accompanied by a number of new oil sands projects up in Canada. But Russia is not going to be easy to beat, as it was recorded to be churning out 11 million barrels per day in 2017. Meanwhile, Saudi Arabia, one of the m...

It is unclear when the transportation revolution will hit full tilt but one thing that can be predicted with reasonable certainty is that it will happen. Traditional cars, meaning those with a pistol-driven engine, are not going out of fashion. They continue to be sold steadily around the world. But, the emergence of peer to peer taxi apps, such as Uber and Lyft, as well as the increase in production of electric cars signal that something new is on the horizon. This theory is backed up by the development of driverless cars. In essence, the future looks autonomous, shared, connected and electric. This development comes with two big benefits. The first will be regarding the environment and how electric cars will have a positive impact on plans for a green future. The second is that companies who stand at the forefront of these transportation developments are going to make some serious money. We’re talking in the trillions of dollars. Researchers and private industries are pairing ...