Insider Secrets

Insider Secrets

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

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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.

  • Horizontal Land Rig Count Summary 29th April 2016

    The horizontal U.S. land rig count fell 8 to 324 and the total land rig count fell 10 to 391. Tight oil lost 4 rigs--3 in the Eagle Ford and 1 in the Mississippi Lime-Granite Wash. Shale gas lost 5 rigs--2 in the Marcellus and 3 in the Woodford. "Other" horizontal plays gained 1 rig.   By Art Berman For More Top Reads From Oil Rallies On As Traders Ignore Red Flags How Microgrids May Transform The Future Of Energy Weaker Dollar Continues To Drive Oil Prices Up

  • Why Canada’s Oil Industry May Never Be the Same

    Never is a long time. The dictionary definition is, “at no time in the past or future; on no occasion; not ever.” In the volatile oil and gas industry, those who try to look that far into the future and predict anything with certainty are invariably wrong. Here’s hoping. But it’s not all bad, oil prices are gradually rising because of market physics and investor sentiment. Federal and provincial politicians are softening their opposition to, and have even publicly declared support for, pipelines to tidewater. The worst is over. However, it is increasingly certain that the future will not be…

  • Venezuela’s Electricity Blackout Could Cut Off Oil Production

    On Tuesday, Venezuela shortened its workweek to just two days as the country suffers through a deepening power crisis. Venezuela sources about 60 percent of its electricity from hydroelectric dams, but a stubbornly persistent drought has caused water levels to drop dangerously low, curtailing electricity generation. The Venezuelan government, in an effort to deal with a shrinking power supply, first declared in early April that Fridays would not be working days. But the four-day workweek has quickly been shortened to just two days as power shortages have become acute. For the next two weeks, government offices will only be operational…

  • Big Oil Surprises Analysts, Is The Worst Behind Us?

    Once again its earnings season and the first quarter is likely to be one of the most closely watched in a long time since it encompasses a period of time in which oil prices were at their lowest. WTI and Brent dropped below $30 per barrel in January and February, hitting their lowest levels in more than a decade. The oil industry had posted a sea of red ink in prior quarters, but the first three months of 2016 had the ingredients to be much more painful. So far, the results have been a mixed bag, with several companies doing…

  • $500 Billion In Lost Oil Revenues Forces Gulf Nations To Turn To Debt Markets

    The International Monetary Fund (IMF) has projected a whopping $500 billion loss in revenue for the Gulf nations in 2016, which is 30 percent more than the $390 billion lost in 2015. The massive shortfall has crippled the gulf economies, which are facing record budget deficits and seeking external funding to overcome it. Many experts believe that $100 per barrel oil prices are history, and we might not revisit those prices for more than a decade. It implies that the recent crisis will not end as quickly as the downturn in 2007-2009. The oil-dependent nations will have to figure out…

  • It Isn’t Just ISIS that Is Destabilizing Iraq

    As Iraqi exports from the southern coast reach a monthly record high and the government is trying to lure in new investment on the border with Iran, all is certainly not well—and oil-rich Kirkuk in the north is becoming a violent flashpoint. On the surface, things are looking up for Iraq. It never wanted to join an output freeze, and in April it posted a record level of oil exports, adding further downward pressure to oil prices. According to data provided by Reuters, Iraq’s averaged 3.43 million barrels of oil per day from its south in the first 24 days…

  • China Stockpiling Oil At Highest Rate In Over A Decade

    China might be in the midst of another round of stockpiling, stepping up crude oil imports to fill its strategic petroleum reserve (SPR). The slowdown in oil demand in China is one of the chief concerns regarding the state of oversupply in global oil markets. Excess production has driven down prices, but soft demand in China over the past year or so has led to a protracted recovery. After a period of softness, oil imports could be rising once again. Bloomberg reports that the number of oil supertankers docking at Chinese ports is at a 16-month high. And there are…

  • Can This Pipeline Unlock East-African Oil Potential?

    Critical decision over the weekend on one of the world’s most-watched infrastructure developments — in the fast-emerging oil and gas basins of Eastern Africa. That came from a meeting of the so-called East African Community bloc on Saturday. Where countries including Uganda, Kenya, Tanzania, Rwanda and Burundi got together — with one of the biggest items for discussion being the route for a massive new oil pipeline in this part of the world. Here’s why this a big deal. The last several years have seen a lot of oil discovered in both Kenya and Uganda. Onshore Kenya finds by explorers…

  • Horizontal Land Rig Count Summary 22nd April 2016

    The U.S. horizontal land rig count for the week ending April 22 fell 3 to 332 and the total land rig count fell 8 to 401. Tight oil plays lost 4 rigs, 2 in the Eagle Ford and 2 in the Permian. Shale gas plays lost 1 rig in the Woodford. "Other" horizontal plays gained 2 rigs.   By Art Berman for More Top Reads From Expert Commentary: Oil Market Analysis and The Week Ahead Doha Is A Distant Memory As Oil Rises To Mid $40’s What Iron Ore Futures Tell Us About Oil Prices

  • Oil Stocks Going Too High Too Soon

    The chorus has become deafening: The International Energy Agency (IEA) has predicted a full ‘rebalancing’ of the oil market by late 2017, with OPEC joining in on that timetable Thursday. Our own Energy Information Agency (EIA) has gone even more aggressive, expecting a cross of the global supply/demand lines later this year and agreeing with the timeline that I laid out in my book more than a year ago. The markets, as always an ‘anticipatory’ instrument, are responding by ratcheting up the prices of oil stocks, sometimes to levels that corresponded to oil trading more than $15 higher than current…

Martin tiller