Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

Loading, please wait

Energy / Crude Oil

Articles and research looking into crude oil, whether it be exploration and refining - crude oil price movements or new crude oil extraction techniques. we have it covered here. Look at our energy section for more fossil fuel coverage.

  • Mexico Sweetens The Deal In Offshore Lease Auction

    In Mexico’s upcoming auction for oil and gas leases, it has moved to sweeten the pot in an effort to avoid another disappointing result. In order to attract more interest, Mexican regulators have said they will publish a minimum level of profits that they will seek ahead of the auction, which is set to take place on September 30. This way bidders have an idea of what they are getting into. In the previous round, companies may have unwittingly submitted bids below the minimum threshold. Regulators think by announcing the minimum ahead of time, it could create more clarity and…

  • Some Small But Welcome Relief For WTI

    BP’s Whiting refinery, the largest refinery in the Midwest, made a quicker-than-expected return to action this week. BP released a statement saying that the large crude distillation tower that went offline and caused gasoline prices to spike in the Midwest has “safely restarted,” and that output would ramp up over time. The Whiting refinery’s return to action is no doubt welcomed by crude producers and consumers alike. For about two weeks the Chicago area saw gasoline prices spike, the fastest increase since Hurricane Katrina in 2005. At a time when the national average for gasoline was around $2.63 per gallon,…

  • Fate Of U.S. Fracking Could Rest With Colorado Supreme Court

    The oil and gas landscape is changing fast these days. And a big item this month suggests the courts may have a major impact on shaping the sector over the coming months. Especially issues like fracking. An area where a precedent-setting lawsuit was sent last week to the highest court possible in order to resolve a long-running issue over who can regulate oil and gas activity. That's happening in Colorado. Where the state oil and gas association is suing two cities -- because of frack bans imposed by lawmakers within their municipal limits. Related: Donald Trump Sees No Danger For Environment…

  • Oil Prices See A Modest Rebound As Some Bullish Signals Appear

    Forty years to the day after Bruce Springsteen’s third album was released, and markets do indeed seem born to run today. Although the Chinese stock market fell a further 7.6% overnight, the post-close announcement of an interest rate cut (by 0.25%) and a cut in China’s reserve requirement ratio (by 0.5%) has further endorsed a rebound in both European and US equity markets. Both were already looking higher, while the crude complex is seeing a solid bounce away from +6-year lows thus far. While economic data releases seem to have a lesser weighting in these times of volatility and woe,…

  • Does Arctic Drilling Have A Future With Sub $50 Oil?

    Italian oil group ENI is expected to begin production from the Goliat Field off Norway in a few short weeks. The project, which has cost $5.6 billion, is expected to produce 34 million barrels of oil per year by the second year of production. Yet ENI seems to be bucking the global trend, as would-be Arctic drillers in other parts of the region hand back leases or allow them to expire, citing high risks and high costs as major contributing factors. Successful environmental campaigns as well as an increased global awareness – and political will – to address climate change…

  • One Of The Best-Positioned Micro Caps In The Market

    With oil continuing its steep decline and now breaking through the psychologically important low from the depths of the recession in 2009, the qualities that investors should look for in an energy company have changed somewhat.A conservative approach to expansion, which was punished in the recent past, is now looking like a smart move. Stock in companies with untapped reserves have been hit as oil has fallen, for sure, but some are beginning to buck the trend of oil’s collapse and level out, or even in some cases recover slightly. Synergy Resources (SYRG), a small, Colorado based exploration and production…

  • Saudis Could Face An Open Revolt At Next OPEC Meeting

    OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia’s role of guarantor of $100+/bbl oil. Despite the intense financial and economic pain this decision has inflicted on Saudi Arabia, its fellow OPEC members, and other oil producers, the Saudis have given no indication they plan to alter course. In fact, Saudis have downplayed the impact of lower prices on their country, asserting that the kingdom has the financial…

  • Rosneft Doubling Down To Survive Oil Price Storm

    Oil prices are now looking to fall even further. WTI is trading below $41 per barrel and has already breached the six-year lows. With persistent oversupply in global markets (along with Iran’s upcoming reentry to the market) coupled with the economic slowdown in China and Japan, the bearish trend in the oil markets might persist in coming months. In fact, some market analysts and traders are even predicting oil prices will fall to $30 per barrel. The sustained oil price fall since last year has adversely affected global drilling activity, but there is one company that is largely unaffected by…

  • Hungry Venezuela Eyes $40 Billion Offshore Discovery In Guyana

    On May 20, the ExxonMobil subsidiary Esso Exploration and Production Guyana Limited announced the discovery of approximately one billion barrels of oil equivalent in an area called the Stabroek Block, 120 miles off the Guyanese coast. Nicolas Maduro, the troubled Venezuelan dictator, immediately ordered ExxonMobil to stop exploring the block because he considers it Venezuelan territory. The move shocked Guyana's newly elected President David Granger because Venezuela already has the world's largest proven reserves. Clearly, Venezuela doesn't need more oil. But oil is not Maduro's primary motive for dredging up the conflict. His motivations are deeper and more political. The…

  • Is This The Best Play In U.S. Oil?

    E&P companies have added 30 horizontal rigs in the Permian basin since the end of June. Most analysts didn’t notice (Figure1).Figure 1. Tight oil horizontal rig counts since January 1, 2015. Source: Baker Hughes & Labyrinth Consulting Services, Inc.(click image to enlarge) Rig counts in most active plays are stabilizing after falling more than 50% since November but companies are adding rigs in the Permian like there’s a boom going on. Last week the total U.S. rig count was unchanged but 7 new horizontal rigs were added in the Permian. In fact, rigs were added in each of the last…

Martin tiller