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Energy Stocks Rally Under The Radar

Energy Stocks Rally Under The Radar

Big Oil is trumping the…

U.S. Oil Is Stealing Market Share from OPEC+

U.S. Oil Is Stealing Market Share from OPEC+

U.S. oil is encroaching on…

Energy / Crude Oil

Saudi Compliance To OPEC Deal Comes At A Price

Oct 03, 2017 at 16:37 | Tsvetana Paraskova

Saudi Arabia is following through with its pledge to stick to the output cuts in the OPEC/non-OPEC deal. The Kingdom is also reducing exports to some buyers, even to its…

Nigeria’s "Zero Oil Plan"

Oct 03, 2017 at 14:32 | Zainab Calcuttawala

I recently reported on the development of economic diversification plans among countries in the Gulf Cooperation Council (GCC) as oil demand prepares to reach a climax in 30 years.…

Scotland To Permanently Ban Fracking

Oct 03, 2017 at 14:29 | Tsvetana Paraskova

The Scottish government said on Tuesday that it wants to extend a current moratorium on fracking into a permanent full ban, with a final vote likely taking place at…

U.S. Shale Isn’t As Strong As It Appears

Oct 02, 2017 at 16:38 | Nick Cunningham

The extraordinary cost reductions achieved by North American oil and gas companies have likely reached their limit, and any boost in profitability for much of the U.S. shale and Canadian…

Survey Shows Spike In OPEC’s September Oil Production

Oct 02, 2017 at 13:06 | Zainab Calcuttawala

September figures show that OPEC’s oil production rose in September with Saudi Arabia, Kuwait, and Libya all increased production according to a new Bloomberg survey. Total production from the…

ISIS Sets Fire To Oil Wells Near Iraq’s Kirkuk

Oct 02, 2017 at 11:26 | Tsvetana Paraskova

Islamic State militants set ablaze on Saturday three oil wells near an area still under their control west of the oil city Kirkuk, to try to stop the advance of…

ExxonMobil Dethroned As Top Energy Company

Sep 29, 2017 at 17:22 | Nick Cunningham

Gazprom dethroned ExxonMobil as the top energy company in the world, according to the 2017 S&P Global Platts Top 250 Global Energy Company Rankings. The rankings measure the financial…

Canada’s Largest Shale Play Is Gaining Momentum

Sep 29, 2017 at 17:05 | Oil & Gas 360

The National Energy Board of Canada released a resource assessment today, examining the Duvernay Shale of Alberta. Deposited during the Devonian Period, the Duvernay Shale is located throughout central Alberta,…

This OPEC Member Just Saw A Major Jump In Oil Revenue

Sep 29, 2017 at 16:58 | Oxford Business Group

In the first quarter of 2017 the value of Gabon’s oil exports rose by 70.9 percent year-on-year to reach $51.30 (€42.90) per barrel compared to $30 (€25.10) per barrel in…

Oil Price Rally Accelerates Shale Boom In Argentina

Sep 29, 2017 at 09:49 | Haley Zaremba

The Argentinian energy and mining minister Juan Jose Aranguren has announced that the South American nation will be suspending its system of set domestic fuel prices next month, allowing…

Citi: An Oil Supply Squeeze Is Inevitable

Sep 28, 2017 at 16:44 | Irina Slav

It’s somewhat tradition for oil analysts to produce a flurry of new forecasts after every sharp move in prices, and the latest rally in WTI and Brent is no exception.…

The Driving Forces Behind Today’s Oil Markets

Sep 28, 2017 at 12:57 | Osama Rizvi

The oil market is arguably the most fickle market in the world… One day it might set new records for bullishness, the next we might see it plummet into bear-territory.…

Expect Strong Crude Draws As Refineries Recover

Sep 28, 2017 at 11:51 | Matt Smith

It is now a little over a month after Hurricane Harvey made landfall on the US Gulf Coast. While some refineries are still in the process of ramping up activities,…

Ghana Doubles Energy Revenue With Increased Oil Production

Sep 28, 2017 at 10:09 | Oxford Business Group

A report from the central bank shows that Ghana’s state oil revenues more than doubled between the second half of 2016 and the first half of this year, from $93.4m…

US Shale, End Of OPEC Cuts Could Stifle Oil Prices In 2018

Sep 27, 2017 at 14:49 | Tsvetana Paraskova

Although current supply and demand fundamentals point to a possible rise in oil prices by the end of 2017, next year’s supply will likely outgrow demand and depress oil…

Oil Prices Rise Further On Falling Crude Inventories

Sep 27, 2017 at 09:47 | Irina Slav

As WTI enjoys the first meaningful price rise since this spring, and a day after the API injected further optimism in markets by reporting a 761,000-barrel draw in U.S.…

Hedge Funds See Further Upside For WTI

Sep 26, 2017 at 16:04 | Tsvetana Paraskova

Robust oil demand growth and reduced global stockpiles have instilled confidence in the oil market lately. Signs that the OPEC cuts have finally started to work—with Brent futures now in…

Africa’s Richest Man: Oil Is Not The Way Forward

Sep 26, 2017 at 15:53 | Irina Slav

The richest man in Africa says crude oil prices would do Nigeria a favor if they stay lower for longer. Last week at the UN General Assembly, Nigerian billionaire Aliko…

As OPEC Compliance Peaks, Can The Drawdowns Continue?

Sep 25, 2017 at 16:07 | Tsvetana Paraskova

Since it agreed to production cuts, OPEC stated that its mission is to see the oil futures curve flip from contango to backwardation as part of its work to erase…

Cheap Oil Or A Weak Dollar: Pick One

Sep 25, 2017 at 15:59 | ZeroHedge

Glance at this chart of the trade-weighted U.S. dollar, and note the swing highs and lows in the price of oil per barrel around each peak and trough. You can look…

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