Jan 3, 2019

Oil Price Estimates For 2019

By Eddie Gunn

Analysts have given varying estimates for oil prices for 2019. Forecasts for Brent crude mostly fall in a range of $68-$73 a barrel. The investment banks and the US Energy Information Administration see the US crude averaging around $59-$66 a barrel. 



Prices for the Brent and WTI averaged $71.40 and $65.18 a barrel respectively in 2018, as per data from the US EIA. 

Although the outlook appears bright, the commodity continues to face a number of headwinds ranging from trade war fears which can have a negative impact on oil demand and a surge in production from the US in the late-2019 as new pipelines are deployed in the Permian Basin. 

Further reading: CNBC

Dec 19, 2018

Shale Oil Driller Diamondback Energy Targets 28% Production Growth For 2019

By James Hanshaw

Diamondback Energy, one of the leading independent shale oil producers, will target 28% growth in total production driven by 30% growth in oil production, on a pro-forma basis, by spending $2.7 – $3.1 billion. 

BP To Sell US Onshore Assets For $3Bn

By James Hanshaw

Britain's oil major BP is reportedly gearing up to sell some of its US assets in order to pay for other US assets which it acquired from BHP Billiton in October.

Shell Acquires Singapore Based Solar Energy Company


By Eddie Gunn

Anglo-Dutch oil giant Royal Dutch Shell is slowly expanding into the solar energy space. After acquiring a major stake in a US solar developer, Shell has purchased significant interest in Singapore-based Cleantech Solar.

Dec 10, 2018

Australia Surpassed Qatar To Become World’s Top LNG Exporter

By James Henshaw


Australia overtook Qatar to become’s the world’s leading liquefied natural gas (LNG) exporter for the first time in November, as per data from Refinitiv Eikon.

Dec 9, 2018

Tesla May Buy Unused GM Plants – Elon Musk

By Eddie Gunn


In his recent interview on 60 Minutes which aired on Sunday night, Tesla CEO Elon Musk said that the company would consider purchasing idled GM plants. Musk also touched on a number of topics, including his lack of respect for the SEC.

Dec 8, 2018

General Electric: Now What?

By Eddie Gunn


The beleaguered industrials giant General Electric (GE) officially made the painful 92% dividend cut on Friday. The stock has fallen by more than 60% this year and the company has acknowledged that many of its regular investors have abandoned the stock. But there could be more pain ahead as analysts have warned that the struggling company’s turnaround could be slow, difficult and lengthy process.