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Oil Prices Inch Higher Despite Rising Saudi Exports

Oil Prices Inch Higher Despite Rising Saudi Exports

Strong inventory draws this week…

OPEC Meets Next Week To ‘Fix’ Compliance Problem

OPEC Meets Next Week To ‘Fix’ Compliance Problem

Kuwait oil minister al-Marzouq said…

Energy / Oil Prices

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Ecuador’s Defection From The OPEC Deal Doesn’t Matter

Jul 24, 2017 at 11:47 | Kent Moors

Earlier this week, Ecuador’s Oil Minister Carlos Perez announced that the country would no longer abide by its commitment to the Vienna Accord. That’s the OPEC-Russia deal to cut oil…

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Aggressive U.S. Oil Sanctions Could Bankrupt Venezuela

Jul 21, 2017 at 16:53 | Nick Cunningham

The U.S. government has warned that it would take “swift economic actions” if the Venezuelan government proceeds with a July 30 move to rewrite the constitution to consolidate power…

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Energy Equities Hit Hard By Unstable Oil Prices

Jul 21, 2017 at 16:44 | ZeroHedge

Back in May, we pointed out an interesting observation made by Goldman: unlike late 2015 and most of 2016, when equities demonstrated surprising resilience to the swoon in oil prices, in…

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Oil Market Aloof Despite Falling Inventories

Jul 21, 2017 at 16:11 | Dan Dicker

The dog days of summer seem to be bringing on even more dog days for OIL. From my perch, there now seems to be very hard caps on where oil…

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Daily OPEC Oil Prices Now Public For The First Time Ever

Jul 21, 2017 at 15:07 | Josh Owens

Despite the oil industry being arguably the most vital and influential sector in the world, the average member of the public knows relatively little about its inner workings. Oil prices…

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OPEC Meets Next Week To ‘Fix’ Compliance Problem

Jul 21, 2017 at 09:30 | Irina Slav

Kuwait’s Oil Minister Essam al-Marzouq has delivered an anticlimactic statement regarding the upcoming OPEC ministerial meeting in St. Petersburg: the ministers will discuss compliance levels with the November oil output cut…

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The Abrupt Demise Of Dutch Gas

Jul 20, 2017 at 14:19 | Viktor Katona

The largest and oldest-producing gas field in Western Europe, the Groningen field, is on the verge of being shut down. If that happens, it will entail the tumbling of Netherlands'…

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Why Oil Prices Can’t Gain Traction

Jul 20, 2017 at 12:59 | Ag Metal Miner

Despite U.S. oil stocks falling 7.6 million barrels, the biggest drop since September, a recent Financial Times article reports, quoting U.S. Energy Information Administration data, that the oil price is…

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Permian Oil Reserves Are Grossly Exaggerated

Jul 19, 2017 at 17:14 | Arthur Berman

We are entering a new age of American energy dominance according to Energy Secretary Rick Perry. President Trump reflected that view in comments he made last week that “…we’ve got underneath…

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Is This A Sign That The OPEC Deal Is Doomed?

Jul 18, 2017 at 16:24 | Gregory Brew

Late on Monday the oil world was shocked to learn that Ecuador planned on exceeding its OPEC production quota, publicly breaking from the supply cuts agreed to in November 2016…

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