Argentinian Shale Oil Boom: is it Milei's miracle?

Image Credit: Times of India Javier Milei, the flamboyant, Argentinian president, who came to power in December  by performing a series of unorthodox, political stunts, appears to be determined to assign a range of controversial tasks to his most striking political symbol during the campaign - the c…

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The release of 1 million barrels of gasoline may not make a dent in the energy prices

With just six months to go before the presidential election in the fall, the Biden administration of the US appears to be taking the task of taming the inflation much more seriously than it did in the past few months. In this context, the announcement made by the DoE, Department of Energy, on May 21…

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Cracks Appear in OPEC+ Facade as Kazakhstan Seeks Production Hike

The OPEC+ alliance is bracing itself for yet another acid test in the next few days, as Kazakhstan, a key member from the Central Asian region, said on Tuesday that it wanted to have a bigger quota in 2025, when the currents oil output cuts expire. Unless the members of the OPEC+ settle the dispute …

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Stagnating Oil Prices: can OPEC+ ever provide the crucial spark?

The members of the OPEC+, who met virtually last week, decided to leave the production cuts unchanged, perhaps in light of stagnating oil prices.  Having failed to shore up the prices by tinkering with the supply side of the oil equation, the de facto leader of the organization, Saudi Arabia, even t…

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The latest blow to the oil markets: Chinese manufacturing activity slows down again!

With the latest manufacturing data from China that shows a relative slowdown, compared to March, both the traders and investors have been compelled to accept the inevitable; it is neither easy nor feasible to shore up the oil and gas prices in the current circumstances. According to China's Nati…

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