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Analysts: Much Deeper OPEC Cuts Are Needed

Analysts: Much Deeper OPEC Cuts Are Needed

The hits keep coming for…

Energy / Crude Oil

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Will Self-Driving Oil Rigs Hit The Market Before Self-Driving Cars?

Jun 01, 2017 at 14:10 | Irina Slav

Last week, drilling contractor Helmerich & Payne bought Motive Drilling Technologies for up to US$100 million. The deal passed without much fanfare because of its size, perhaps, but it…

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Oil Prices Rise As EIA Confirms Strong Draw To Crude Inventories

Jun 01, 2017 at 10:22 | Irina Slav

A day after the American Petroleum Institute played the fairy godmother to oil bulls by reporting a huge draw in U.S. crude inventories, the EIA reinforced the mood by…

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Has Permian Productivity Peaked?

May 31, 2017 at 16:36 | Nick Cunningham

The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year,…

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Will This Foreign Oil Giant Grab Iran's First Post-Sanctions Project?

May 31, 2017 at 10:23 | Dave Forest

Iran's newly-opened oil patch continues to gain momentum. With the UAE's Emirates National Oil Company saying this week it has paid $4 billion to Iran to settle a tab for…

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Canadian Oil Sands Brace As Oil Majors Dump Shares

May 30, 2017 at 15:20 | Tsvetana Paraskova

Royal Dutch Shell and ConocoPhillips struck deals in March to sell Canadian oil assets to two Canada-based producers. In both deals, parts of the consideration for the transactions were shares…

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Iran Signs Oil For Goods Deal With Russia: Breaks Free Of Petrodollar

May 29, 2017 at 09:50 | ZeroHedge

Iran signed an agreement with Russia under which it has broken free from the petrodollar, and will "sell", or rather barter crude oil to Russia in exchange for products. The…

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Not OPEC, China Dictates The Oil Prices

May 26, 2017 at 17:09 | Nick Cunningham

The OPEC deal will lead to an ongoing tightening of the crude oil market, putting a floor beneath crude prices in the $50s per barrel in the second half of…

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The Top 10 Nations Exporting Oil To The U.S.

May 26, 2017 at 16:53 | Oil & Gas 360

U.S. has brought crude oil from 80 nations into its refineries In the past 30 years, the U.S. has imported more than 91 billion barrels of oil, drawing from a…

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Private Equity Is Jumping Into This Reemerging Oil Hotspot

May 26, 2017 at 10:56 | Dave Forest

I talked earlier this week about increasing private equity activity in the U.S. shale patch. And news the last few days shows energy PE is also growing in the…

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Russian Energy Minister: Deeper Cuts Still On The Table

May 26, 2017 at 09:24 | Irina Slav

Deeper cuts to OPEC’s oil production are not out of the question, but their implementation will depend on how things unfold with the current OPEC agreement, Russia’s Energy Minister Alexander…

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