Category Archives: Energy & Utilities market

jsbThrowback Thusrday

Finance industries face most Cyber trouble, California powers FCV with 40 new hydrogen fuel stations and more news

The last week observed a few ups and downs in diverse global industries. JSB Market Research’s new ThrowbackThursday series a new weekly update for its readers. Now, get a closer view of the market every week! 

Subsea 7 gives a push to its new oil and gas projects 

Subsea 7 plans to continue its Engineering Conversion Program. The company invests in skilled engineers for building new careers in subsea oil and gas industry. The new project installation engineers will be given the responsibility for the delivery and execution of its upcoming ventures. 

California powers FCV with 40 new hydrogen fuel stations

Forty new Hydrogen Fuelling stations in California encourage fuel cell viability with its active presence. Fuel Cell Vehicles owners driving from San Diego to Lake Tahoe now will not lose out of hydrogen fuel as the new stations get them covered. It has encouraged other regions in the states to push forward hydrogen fuel stations sooner than later. 

Finance industries face most Cyber trouble 

Recent cybersecurity research reports found that there’s more threat of cybersecurity in the financial industries. For finance institutes, brokerage firms and other banking organizations, SQL injection attacks, Ransomware, and cross-site scripting are said to be the highest expected threats. 

US Trade War to affect medical device technologies market 

The medical devices market feels the heat on an international level due to the US trade war with China. Though the latest innovations in the technologies of medical devices such as 3D biopsies, improved CMR surgical has big promises, the trade war hampers its global growth. 

Saudi Arabia emerges as the largest outbound travel market

As per the recent Saudi Arabia outbound travel and tourism report, the residents of Saudi Arabia are the biggest spenders when it comes to traveling abroad. For Saudis, UAE, Bahrain, and Jordan are the top destinations for traveling. 

  – Written by Gauri Ludbe 

Business Writer

What’s the Crude Oil Picture.

India to save up for crisis: What’s the Crude Oil Picture ?

The US urges all nations to stop Iranian oil imports by November 4. Failure warns economic sanctions. India gears up to face the storms with saved reservoirs.

The US hits Iran with sanctions, India may become a good Samaritan with a rupee-rial mechanism. The move is valiant but it will possibly turn out to be a savior at the time.

Refiners buy Iranian oil in euros on a 2-month credit basis. The rest funds come from SBI and Germany-based Europäisch-Iranische Handelsbank. Though the Indian government has not urged to cut Iranian oil, RIL and Nayara are some of the private players have begun the lessening the Iranian imports.

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Global Oil Economy

Non-OPEC Producers Set To Dominate Global Oil Economy: US Tops the List

What is shale/tight oil?

Shale oil, in other words, tight oil is light crude oil contained in petroleum-bearing formations of low permeability.

The Major tight oil producers:

Saudi Arabia, Russia, Iran Iraq had been the major producers in the industry, however, the US, Canada production is on the rise since past few years, dominating the market. This eventually upturns the production hierarchy in the oil and gas industry.

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OPEC has always been the swayer of the international market for several decades. While the growth of the tight oils market is on the rise, the United States surprises OPEC by playing a major role in the whole event. Needless to say, the growth has led to a rise in the prices of tight oil. What should interest you more is the recent market report which projects the US to overhaul Saudi Arabia and other major producers in next few months presenting the future of oil and gas industry 2018.

How did the US production suddenly increase?

The oil and gas industry overview suggests the typical production methods for oil wells have relatively lower break-even point.

The case isn’t the same in shale oil companies as they need the propulsion to get desired output.

This driving force came from the high crude rates. It eventually boosted the US production in oil.

OPEC: Off the back seat

The rise in oil price is not new to the market. Aiming to lower the rates, OPEC was already on a production cut move ever since the price had taken a rise-jerk last year.

However, the US energy market has suddenly emerged as the overpowered oil producer in the world, it has impelled Saudi Arabia and OPEC nations to withdraw from their cut-in-the-production policy.

Market insights reveal OPEC plans to prioritizes to balance their global tight oil production.

The discussions are projecting to get the output back to its place once the oil cuts expire.

That being said, Saudi Oil ministry informs that their emphasization will be more on lessening the OECD endowment having seen its far above inventories.

Although the production cut ends in March 2018, officials plan to extend it further for another month or two to avoid price collapse in the market due to sudden change.

OPEC ensures a subtle exit from the cut-move and covers the accumulations of past years.

Other nations having tight oil reserves:

The number of nations with shale oil reserves has remained a subject of dispute.

The harmful environmental effects such as ground and water contamination and other polluting elements have made many countries involved in the oil production with stealth.

There’s a huge dissent from other countries against the production of oil and gas. According to environmentalists, oil production does not benefit to the extent it causes environmental adulteration.

Will it cause price reversal?

The oil prices are pushing upwards since global economic growth and expectations increase demand growth.

On the other hand, the side including OPEC and its non-OPEC allies led by Russia take up tightened policies limiting the oil production.

Russian and Saudi energy officials recapitulate the cut-in-the-production approach while Saudi urging non-OPEC associates to continue production cuts.

The cut-production strategy picture isn’t clear until coming June. OPEC’s long-term strategy seemed afar extending the cuts and anticipating the market finally balance.