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Energy / Oil Prices

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There Is No Such Thing As Peak Oil Demand

Mar 28, 2017 at 15:37 | Dwayne Purvis

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier…

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OPEC Weighs Extension As Oil Markets Start To Lose Their Nerve

Mar 27, 2017 at 15:16 | Nick Cunningham

To extend or not extend? Officials from OPEC and a select few non-OPEC countries met over the weekend to review the state of the oil market, monitor their progress and…

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4 Factors Driving Oil Prices This Summer

Mar 27, 2017 at 15:04 | Osama Rizvi

Uncertainty is dominating today’s oil markets, with production cuts, ballooning inventories and a rising rig count all adding to oil price volatility. And as the summer driving season approaches and…

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Pro-Extension Voices In OPEC Become Louder

Mar 27, 2017 at 10:38 | Irina Slav

In a statement, the joint committee of seven oil ministers from the parties to the cut said that the deal could be extended for another six months, depending on…

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How Much Further Oil Could Fall

Mar 24, 2017 at 15:14 | Jim Hyerczyk

It’s been a relatively quiet week in the crude oil market with prices continuing to drift lower in search of a balance point. The stories driving the price action didn’t…

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Goldman Sachs: OPEC’s Influence On Oil Prices Is Dwindling

Mar 22, 2017 at 11:52 | Irina Slav

In a research note, Goldman Sachs has effectively demoted OPEC from a price setter to a mere inventory manager, with the cartel’s long-term control over international oil prices diminishing…

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Oil Has Room To Fall As Speculators Bail On Bullish Bets

Mar 20, 2017 at 15:44 | Nick Cunningham

Last week, after WTI dipped to $48, it seemed to firm up a bit on assurances from OPEC regarding compliance with its cuts, and a better-than-expected report from the…

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The Oil Price Roller Coaster Is Not Over Yet

Mar 17, 2017 at 17:36 | Kent Moors

Despite the clamor being raised by “analysts” portending a bloodbath in oil prices during the sharp decline late last week, neither the underlying market dynamics nor the oil trading contracts…

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Oil And Gas States Forced To Cut Education Spending

Mar 17, 2017 at 17:28 | Tsvetana Paraskova

The oil price slump has put pressure on the budgets of the U.S. oil and coal states that have been struggling with lower energy tax revenues and difficult decisions about…

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Tax Breaks Could Save U.S. Oil Industry Billions

Mar 16, 2017 at 16:25 | Irina Slav

A tax reform proposed by the Trump administration could free up to $10 billion annually for the U.S. oil industry and maybe encourage more investments in additional production. Leaving…

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