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Energy / Oil Prices

U.S. Oil Inventories Set To Spike After Hurricane Harvey

Sep 04, 2017 at 16:15 | Nick Cunningham

The people along the coast of Texas are trying to assess the implications of the toxic stew that Hurricane Harvey unleashed, with exploding chemical plants and flooded superfund…

Goldman Sachs: Oil Majors See Upside At $50 Oil

Sep 04, 2017 at 09:48 | Tsvetana Paraskova

Although oil prices are now half what they used to be three years ago, Big Oil is better positioned now than it was when oil prices were sky high, Michele…

Has Iraq Stopped Cheating On The OPEC Deal?

Sep 01, 2017 at 10:37 | Tsvetana Paraskova

OPEC’s no.2 Iraq is currently producing 4.32 million bpd of oil, below the 4.351 million bpd ceiling it had pledged in the production cut deal, Iraq’s Oil Minister Jabbar Al-Luaibi…

Iraq’s Solution To Lower For Longer Oil Prices

Aug 31, 2017 at 14:33 | Tsvetana Paraskova

OPEC’s second-largest oil producer, Iraq, has never hidden the fact that it wants to get the highest possible revenues from its oil. It even pleaded exemption from the cartel’s cuts…

European Refiners Set To Benefit From Gulf Coast Chaos

Aug 30, 2017 at 15:54 | Nick Cunningham

The refinery outages from Hurricane Harvey have left a very large, if temporary, void in the refined product supply, a space set to be filled by refiners located far from…

Oil Prices Set To Rise as Supply-Demand Gap Closes Up

Aug 29, 2017 at 12:04 | Zainab Calcuttawala

Oil prices are poised to climb over the coming weeks as supply and demand approach parity, according to analysts who spoke to CNBC as the remnants of Hurricane Harvey…

Hurricane Harvey Tosses Global Oil Markets Into Chaos

Aug 28, 2017 at 17:41 | Nick Cunningham

The most powerful Hurricane to hit Texas in more than 50 years has devastated much of the coast, and the historic flooding is now causing havoc in the energy markets.…

Gas Prices Spike As Harvey Shuts Down Gulf Coast Refineries

Aug 28, 2017 at 09:14 | Irina Slav

Gasoline prices hit two-year highs today in electronic trade after Hurricane Harvey, which reached the Texas coast last Friday, caused the shutdown of a number of refineries. Gasoline was…

What Happens To Oil Prices When Driving Season Ends?

Aug 25, 2017 at 17:34 | Brian Noble

“For now at least, it has become hard to risk capital on the price of oil with as much conviction as in the past.”—Andy Hall, famed oil trader, on shuttering…

This Nation Just Declared An Unprecedented Sale In Energy

Aug 25, 2017 at 10:55 | Dave Forest

The economy of Brazil has been struggling lately. Weighed down by the collapse in oil prices, and a massive corruption scandal — which this week saw the former CEO of…

Expect An Extension Of The OPEC Deal

Aug 24, 2017 at 11:32 | Tsvetana Paraskova

The oil market is moving in the right direction towards rebalancing, but all options, including extending the cuts beyond March 2018, are left open, the joint OPEC/non-OPEC committee set up…

This Critical Oil Price Divergence Could Boost US Exports

Aug 22, 2017 at 16:08 | Nick Cunningham

The gap between the two most important oil benchmarks has widened recently, a symptom of the shifting oil supply/demand dynamics between the U.S. and the rest of the world. For…

The Fate Of Vision 2030 Rests On Saudi Aramco IPO

Aug 22, 2017 at 14:36 | Zainab Calcuttawala

It has been two months since Prince Mohammed Bin Salman’s ascendance to the role of heir to the Saudi Arabian throne, and the preliminary effects of his aggressive economic diversification…

The Latest Red Flag For U.S. Shale

Aug 21, 2017 at 15:11 | Nick Cunningham

The U.S. shale industry has had a rough few weeks, with a growing number of reports suggesting that the industry is facing much more financial trouble than many analysts had…

In Breakaway Move From Saudis, Iraq May Change Oil Pricing

Aug 21, 2017 at 11:50 | Tsvetana Paraskova

In a bid to increase oil revenues and possibly setting the stage for its own benchmark crude grade, Iraq has told customers it may change the way it prices Basra…

Oil Holds Steady As OPEC Meets To Talk Slipping Compliance

Aug 21, 2017 at 09:04 | Tsvetana Paraskova

Oil prices were steady early on Monday morning, searching for a catalyst for direction while OPEC is holding a meeting of its Joint OPEC-Non-OPEC Technical Committee (JTC), which monitors the…

Forget Oil Prices, Oil Majors Are A Buy

Aug 18, 2017 at 15:40 | Tsvetana Paraskova

Oil stocks have been performing dismally this year, and oil prices have failed to sustain a rally, so why are these stocks still attractive? Low valuations and high dividend yields,…

Are Investors Bailing On U.S. Shale?

Aug 17, 2017 at 14:33 | Nick Cunningham

U.S. oil production continues to grow, with the EIA reporting a shocking jump in output last week. Total U.S. production rose to 9.5 million barrels per day (mb/d) for…

Oil Prices Rise As Saudi Exports Hit 33-Month Low

Aug 17, 2017 at 11:09 | Tsvetana Paraskova

Saudi Arabia’s crude oil exports in June dropped to their lowest level in 33 months, while Saudi oil inventories were down to a level last seen in early 2012, according…

Turkey Expands Influence In Kurdish Energy Sector

Aug 16, 2017 at 13:53 | Shadow Governance Intel

Over the past 12 years, Turkish energy companies have moved into the Kurdish energy sector at great pace in line with the sector’s rapid expansion under the semi-independent government in…

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