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Global Energy Advisory April 21, 2017

Global Energy Advisory April 21, 2017

Turkey’s recent referendum has come…

U.S. Shale Surging, But Oil Holds Steady

U.S. Shale Surging, But Oil Holds Steady

Oil prices fell back early…

Energy / Energy-General

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Expert Commentary: How Much Further Can Oil Prices Fall?

Apr 21, 2017 at 14:06 | SCS OTC Corp

- The majority of recent oil market coverage has focused on bearish flies in the physical rebalance ointment including elevated OECD crude + refined product stocks and higher than forecast…

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Global Energy Advisory April 21, 2017

Apr 21, 2017 at 14:00 | Editorial Dept

Politics, Geopolitics & Conflict • The referendum to change Turkey into an executive presidential system has passed with the narrowest of margins, even though the opposition and EU bodies claim…

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Is This Oil Price Plunge Merely A Correction?

Apr 21, 2017 at 13:57 | Jim Hyerczyk

The week started with June West Texas intermediate crude oil futures holding steady despite forming a potentially bearish closing price reversal top on April 12 at $54.14. The move suggested…

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Oil Crashes Into $40’s As Hedge Funds Sell Off

Apr 21, 2017 at 13:49 | Tom Kool

Oil prices fell fast on Friday afternoon as traders see the rising rig count as yet another sign that the markets are still grossly oversupplied.

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Oil Prices Fall Further As U.S. Rig Count Inches Higher

Apr 21, 2017 at 12:24 | Julianne Geiger

This week’s Baker Hughes rig count is the fourteenth in the string of weekly reminders that US shale will not succumb to the price pressure that OPEC has placed…

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Does The Biggest Winner Of The OPEC Deal Support An Extension?

Apr 20, 2017 at 16:49 | Nick Cunningham

OPEC continues to make progress on cooperation as they close in on an agreement to extend their production cuts for another six months. On April 20, several top OPEC…

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Will Banks Allow Another Slew Of Oil Bankruptcies?

Apr 20, 2017 at 15:06 | Irina Slav

Last week, U.S. banks boosted the borrowing bases for several independent energy companies, lifting spirits in the industry. The move was taken as a sign that lenders are beginning…

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Oil Majors See Huge Opportunity In Eastern Mediterranean

Apr 20, 2017 at 14:44 | Drilling Info

Quite suddenly, there is remarkable oil industry news to come out of the East Mediterranean region. If the plan is executed, in the space of seven years the balance of…

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Giant Libyan Oilfield Reopens After 2 Year Outage

Apr 20, 2017 at 13:55 | Tsvetana Paraskova

The El-Feel oil field in western Libya—operated by a joint venture between Italy’s Eni and Libya’s National Oil Corporation (NOC)—reopened on Wednesday after two years, and expects to start pumping…

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OPEC Moves Towards Extension Consensus

Apr 20, 2017 at 09:50 | Irina Slav

Saudi Arabia’s and Kuwait’s oil ministers said consensus is building among OPEC members on the extension of the cartel’s six-month oil production cut agreement, strengthening optimism about international prices. Speaking…

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