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Energy

Does The OPEC Deal Herald Higher U.S. Gasoline Prices?

Dec 01, 2016 at 11:35 | Irina Slav

Gasoline prices in the U.S. did not get swept up by the 10-percent rally in crude yesterday following OPEC’s decision to cut production, with the average price per gallon of…

Russian Energy Minister Novak: Russian Oil Companies Will Cut

Dec 01, 2016 at 09:55 | Irina Slav

Russia’s Energy Minister Alexander Novak said that all Russian oil companies are on board with the 300,000-bpd cut agreed by Moscow as part of OPEC’s efforts to prop up…

$3 Billion In 3 Hours: Energy Mogul Hamm Cashes In On OPEC Deal

Nov 30, 2016 at 17:12 | Zainab Calcuttawala

Harold Hamm, the wealthiest American energy mogul, earned $3 billion on Wednesday morning, when the Organization of Petroleum Exporting Countries (OPEC) announced an oil production cut that would cap the…

$1 Trillion Money Manager Downplays The OPEC Deal

Nov 30, 2016 at 16:32 | Tsvetana Paraskova

The market should not be overly enthusiastic over today’s oil price surge on reports that OPEC has managed to reach some kind of a deal to reduce supply, David Hunt,…

U.S. To Be The Third Largest Natural Gas Exporter By 2020

Nov 30, 2016 at 16:32 | Rakesh Upadhyay

Shale oil producers have turned the U.S. from a net importer into a net exporter of natural gas in November, according to S&P Global Platts. Even in September, the U.S.…

Oilfield Services See A Silver Lining In The Oil Price Bust

Nov 30, 2016 at 16:16 | Tsvetana Paraskova

The oil price crash has forced oil and gas producers to decommission aging and unprofitable fields across the world. Oil field services companies - which have been badly battered by…

Why Trump Will Be Unable To Save The American Coal Industry

Nov 30, 2016 at 16:06 | Michael McDonald

It is no secret that the coal industry has faced hard times for the last few years. Environmental concerns led President Obama to institute more stringent regulatory requirements, while cheap…

The OPEC Deal: Here Are The Details

Nov 30, 2016 at 11:30 | Nick Cunningham

Oil prices surged more than 8 percent on Wednesday as OPEC shocked the world and reached an agreement to cut production. If OPEC members succeed in implementing the deal, set…

Bearish EIA Data Can’t Keep Oil From Rallying

Nov 30, 2016 at 10:11 | Irina Slav

On the day of a historic OPEC agreement to cut production in a desperate attempt to spur markets on the road to rebalancing, the EIA reported an anticlimactic decline…

Oil Prices Spike As OPEC Reaches Deal On Production Cut

Nov 30, 2016 at 08:55 | Tsvetana Paraskova

Defying all odds, OPEC provisionally reached the much-hyped agreement to cut output in a bid to boost oil prices. According to an OPEC delegate quoted by Bloomberg News, the…

Oil Prices May Plunge To $20 If OPEC Fails To Clinch Deal

Nov 29, 2016 at 16:49 | Tsvetana Paraskova

Two months ago, OPEC took the market by surprise by saying that it ‘agreed to agree’ on a deal to cut production to between 32.5 and 33.0 million bpd in…

Oil Majors Set To Lose $490 Billion If OPEC Talks Fail

Nov 29, 2016 at 16:49 | Irina Slav

OPEC is just a day away from a historical meeting that could see the cartel act in concert for the first time since 2008 to prop up prices, battered by…

Will Trump Send Electricity Bills Soaring?

Nov 29, 2016 at 16:45 | Michael McDonald

After the election of Donald Trump as President, one of the cornerstones of the modern global economic system is being questioned. Trump built his campaign on questioning the status quo,…

Oil Prices To Sink Or Skyrocket – What Can We Expect

Nov 29, 2016 at 15:03 | Nick Cunningham

We are hours away from the highly anticipated OPEC meeting and oil analysts are coalescing around two possible scenarios that leave very little middle ground: if OPEC reaches a deal,…

OPEC Cut Could See LNG Prices Rise

Nov 29, 2016 at 14:38 | Susan Sakmar

With most of the energy world focused on the upcoming OPEC meeting and whether oil ministers will agree on production cuts in order to help boost oil prices, it’s…

Can OPEC Pull A Last Minute Deal Together?

Nov 29, 2016 at 14:08 | Oil & Gas 360

Global markets, producers hope for production limit agreement The markets are waiting to see whether or not OPEC will be able to finalize a production agreement this Wednesday as potential…

Asian Crude Markets On Edge As OPEC Meets

Nov 29, 2016 at 13:34 | Matt Smith

The gloves are off in Vienna and OPEC members are trading verbal blows about what they will or won't do in relation to production cuts. Finally the main event arrives…

Iran Won’t Cut, Boldly Ask Saudis To Cut 1 Million Bpd

Nov 29, 2016 at 11:26 | Tsvetana Paraskova

Less than 24 hours to go until the decisive Wednesday OPEC meeting, not only is Iran refusing to cut its own oil production, but it is also defiantly and boldly…

Is There Any Hope Left For OPEC?

Nov 29, 2016 at 10:56 | ZeroHedge

One day ahead of OPEC's much anticipated meeting in Vienna, oil has slid back under $46 on rising pessimism that an oil production cut deal, taken widely for granted as…

This Oil Major Just Circumvented Sanctions On Iran

Nov 29, 2016 at 10:23 | Dave Forest

Iran is now officially pre-qualifying E&Ps for an offering round of oil and gas projects. Putting fields up for bids to foreign operators for the first time in years. But…

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