Citigroup Says 42% of Clients Have No Energy Transition Plan
Europe’s lack of energy security…
Refinery outages in the United…
Following OPEC’s decision not to cut production at its June 5, 2015 meeting in Vienna, oil prices should likely continue their descent that began in early May (Figure 1). Prices…
In today’s low priced oil climate, there is a lot of opportunity in many parts of the O&G market. This opportunity has led to a rush of cash from…
Crude OilWorries about OPEC’s latest production decision due on June 5 overrode the potential bullishness of this week’s U.S. Energy Information Administration report. The…
It’s almost a foregone conclusion that OPEC won’t cut its production levels at its June 5 meeting in Vienna. Anyone needing strong evidence, if not proof,…
Oil rising to $60/bbl is displeasing some people, particularly the shorts. Some of the more extreme –those calling for oil in the $20’s – have wisely…
Regardless of recent upshots in oil prices, the million-dollar question remains in which direction the oil prices will go in the future. The volatility in oil prices has continued to…
The six-month clock is up. OPEC is convening this week in Vienna, as it does every six months, to discuss and decide on how the group will coordinate.The…
The selling pressure started early this week as crude oil traders reacted to last Friday’s data from Baker Hughes that showed only one oil rig was removed from service the…
Main Street investors are not the only ones who have been surprised by the speed and magnitude of the oil price collapse over the last year.…
OPEC publishes monthly production data for all OPEC nations in their Monthly Oil Market Report. The data crude oil production only and does not include condensate.…
Storage withdrawals and falling rig count have been the main sources of hope that U.S. tight oil production will fall and that oil prices will rebound.…
“Like pushing a rock up a hill” That’s how some trader’s view the current disconnect between the physical market for crude oil and the futures market with speculators pushing futures…
Oil, or rather the price of WTI, is at a critical level. Lower U.S. production numbers this week have given the black stuff a boost and…
July Crude Oil futures have drifted sideways-to-lower since its May 6 top at $63.62 despite three consecutive weekly drawdowns in inventory. Drawdowns have even taken place…
A lot of people have got very excited as the price of WTI has bounced back from the lows reached a few months ago. If oil…
Low oil prices are endangering an increasing number of exploration and production companies.According to a new report from Moody’s Investors Service, the oil and…
Some market watchers, such as Cornerstone Analytics (CA), have consistently stated that the underestimation of demand, coupled with over-estimation of supply, will mask the growing call on OPEC oil in…
Goldman, as well as everyone else, was dead wrong when it predicted that the tumbling gas prices are "unambiguously good" and would unleash a wave of…
Could oil prices be in for yet another decline? Oil prices have rebounded with surprising speed in recent weeks, with WTI prices bouncing by more than…
A senior Iranian energy official says he expects oil prices to rise to $80 per barrel late next year even if OPEC doesn’t cut production during…