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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy / Energy-General

Decline In U.S. Rig Count Sends WTI Higher

Apr 12, 2019 at 12:17 | Julianne Geiger

The the number of active oil and gas rigs fell in the United States this week according to Baker Hughes. The total number of active oil and gas drilling rigs…

Soaring Permian Output To Cap Oil Rally

Apr 12, 2019 at 10:00 | Tim Daiss

The U.S. crude oil production juggernaut continues to move forward. In 2018, U.S. production increased 17 percent over the previous year in a dynamic that is impacting both geopolitics as…

The Secret Oil Plan That's Critical To Trump’s Reelection

Apr 11, 2019 at 17:12 | Irina Slav

The idea of opening up the waters off the coast of Florida to oil and gas drilling has been among the least popular ones of the Trump administration and yet…

The Next Geopolitical Flashpoint For Oil

Apr 11, 2019 at 16:01 | Cyril Widdershoven

The removal of long-time Sudanese dictator Omar Bashir by the Sudanese army has been hailed by some as a sign of a new “Arab Spring”. From a Western…

Big Oil Scrambles To Cut Tesla’s Lifeline

Apr 11, 2019 at 15:40 | Philip Verleger

The oil industry hates electric cars for good reasons. Intelligent executives in the industry (of which there seem few) see electric vehicles (EVs) as a death threat to their business.…

Moody’s: Ultra Low Permian Gas Prices Weigh On Oil Company Earnings

Apr 11, 2019 at 13:04 | Tsvetana Paraskova

The very low natural gas prices in the Permian are dragging down exploration and production (E&P) investment returns in the most prolific U.S. shale oil basin, Moody’s Investors Service said…

IEA: Saudi Oil Production Falls To Two-Year Low

Apr 11, 2019 at 09:22 | Irina Slav

Saudi Arabia’s crude oil production slumped to the lowest in two years as the Kingdom doubled down on efforts to boost prices, the International Energy Agency said in the new…

Goldman: Oil Prices Won’t Reach $80

Apr 10, 2019 at 17:02 | Nick Cunningham

Oil prices soared in recent days, with Brent rising to its highest point since early November. The tightness in the market is real, but prices may not increase a whole…

Why Amazon Is Suddenly Courting Big Oil

Apr 10, 2019 at 16:06 | Tsvetana Paraskova

For years, Big Tech has been a vocal advocate of powering their data centers with renewable energy, while the multi-billionaire founders of companies like Amazon, Microsoft, and Facebook have

South Africa’s Energy Crisis

Apr 10, 2019 at 13:37 | Global Risk Insights

South Africa is facing an energy crisis. The once distinguished national public energy provider, Eskom, has been driven to the point of collapse by “years of corruption, incompetence and political…

Trump’s Executive Order Is A Gamechanger For Oil Shipping

Apr 10, 2019 at 11:41 | Irina Slav

President Donald Trump has signed an executive order seeking to limit states’ powers in the approval or rejection of new oil and gas pipeline projects. CNBC reports the signing…

Brent Outpaces WTI As Oil Prices Rally

Apr 10, 2019 at 10:15 | Editorial Dept

U.S. West Texas Intermediate and international Brent crude oil futures are trading higher on Friday and for that matter for the week after the latter went on a wild ride…

Intel Notes - April 5th

Apr 10, 2019 at 10:13 | Editorial Dept

Deals, Mergers & Acquisitions - A French Engie-led consortium bidding for a natural gas pipeline network for sale by Petrobras has emerged as a potential winner after several investors left…

An Outperformer In Energy Infrastructure

Apr 10, 2019 at 10:12 | Editorial Dept

Those that seek income from their portfolios usually face a dilemma. They are by definition normally at the point where they are looking to protect their capital, so are risk-averse,…

The Energy Commodities Struggling With Supply Gluts

Apr 10, 2019 at 10:10 | Editorial Dept

1. Frac sand miners drowning in supply - The share prices of frac sand miners have plunged by more than…

Run On Aramco Bonds Could Sideline IPO

Apr 09, 2019 at 14:35 | Charles Kennedy

The Saudi plan to use their state-run oil giant, Aramco, as a piggy bank panned out fabulously for the Kingdom on Tuesday, with international investor demand topping $100 billion in…

Oil Hits 5-Month High On Libya Turmoil

Apr 09, 2019 at 12:34 | Tom Kool

INVESTOR ALERT: Oilprice.com is finally launching its industry-leading energy intelligence service - Global Energy Alert. New members of this service will also…

Germany’s “Circle Of Five” Roiled In New Scandal

Apr 09, 2019 at 12:11 | Tim Daiss

Another pollution scandal is threatening to rock the European auto industry. On Friday, EU anti-trust regulators charged BMW, Volkswagen (Volkswagen, Audi, Porsche), and Daimler, the so-called “Big Five,” in a…

Self-Sufficient Floating Islands May Soon Become Reality

Apr 08, 2019 at 13:49 | Irina Slav

Technology has made a lot of things once only seen in sci-fi works of fiction a reality, and now floating cities may join the list. Earlier this month, UN-Habitat, the…

Aramco’s Mega Debt Deal Is A Raging Success

Apr 08, 2019 at 11:26 | ZeroHedge

Just a day after the Saudis allegedly threatened the hegemony of the almighty petrodollar, Saudi Aramco began the sale of its first-ever dollar bonds with an order-book of around $40 billion. Ahead…

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