Notes From The Editor Posts


"Yesterday is but today's memory, and tomorrow is today's dream."- Khalil Gibran (1883 – 1931)
Editorial: Black Gold
Published: 2015-04-14
As the Ides of April approach, we still find the oil price hovering around the $50 to $60 per barrel mark, a position the industry has found itself in since December 2014.
The past week saw a historic event unfold in Switzerland’s Jura Mountains: the signing of an accord to limit the scope of the Iranian nuclear programme. Delegates of the so-called "P5+1" - a conglomerate of six na...
"Peace and justice are two sides of the same coin." Dwight D. Eisenhower (1890 – 1969) The oil markets will this week be dominated by news from two of the world’s biggest oil producing nations. On t...
News reaches us of the passing at the age of 91 of the first prime minister of an independent Singapore, Lee Kuan Yew.
Editorial: An Industry In A Box
Published: 2015-03-17
"Finito il gioco il Re e il pedone tornano nella stessa scatola" "When the game is over, the King and the pawn go back in the same box" – Italian proverb After an eight month rout in which oil...
"The crisis of today is the joke of tomorrow." - Herbert George "H. G." Wells (1866 – 1946)
"Never laugh at live dragons." - J.R.R. Tolkien (1892 – 1973) Last week 1.3 billion people rang in the Year of the Sheep (or Goat) across the length and breadth of the People’s Republic of China. Hu...
Editorial: the tyranny of the few
Published: 2015-02-17
Oil prices have reached their highest value so far in 2015 as escalating violence in war-torn Libya and rumblings from OPEC members have pointed to lessened supply.
As workers at a further two US refineries walked out this this weekend in an ongoing industrial dispute, oil prices jumped back up to $58 per barrel. More than 5,000 workers affiliated with the United Steel Workers International trade union have...
In the past few days the price of Brent crude has rallied to its current level of $54 a barrel, and the commodities markets have breathed a sharp sigh of relief at temporary respite.
A soundtrack for an oil crash
Published: 2014-12-16
"Every bad situation is a blues song waiting to happen." Amy Winehouse (1983 – 2011)
"The guillotine is the masterpiece of the plastic arts / Its click / Creates perpetual motion" - Blaise Cendrars (1887 – 1961)
"The rich man plans for tomorrow, the poor man for today." Chinese proverbLast week, the Organisation of the Petroleum Exporting Countries (OPEC) met in Vienna and, as predicted, agreed to continue with curren...
"Thanksgiving has wings and goes where it must go. Your prayer knows much more about it than you do." Victor Marie Hugo (1802 – 1885) As the United States gears up to wind down for its Fall break, in the...
Last week Brent crude slipped beneath the $80 per barrel mark to a four year low and the price of West Texas Intermediate (WTI) plummeted to $73. Nine days before the 12 member states of the Organisation of the Petroleum Exporting...
One month ago, the People’s Republic of China (PRC) overtook the United States of America as the world’s largest economy. This year, the PRC will also become the world’s largest oil consumer. And now Asia’s powerhouse is...
"Science has spoken."Ban Ki-moon, Secretary-General of the United Nations (1944 - ) "Any sufficiently advanced technology is indistinguishable from magic." (1917 – 2008)
"A crown is merely a hat that lets the rain in" - Frederick II, King of Prussia(1712 – 1786) As oil prices gravitate around the $85 per barrel mark for yet another week in succession, financial giant, Gol...
As winter draws in in the Northern Hemisphere and temperatures begin to drop, the price of oil and natural gas has, counterintuitively, gone in the same direction as the mercury in the thermometer. Oversupply has been the cry as Brent h...
At time of writing, the price of Brent crude oil stands at $84 per barrel, a four year low on the global markets. As we discussed here last week, this now 25...
"Bad news isn't wine. It doesn't improve with age." Colin Powell (1937 - ) As Hellfire anti-tank missiles and...
"If the status quo came carbo...