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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy

Venezuelan Bond Swap Deal: Good News For U.S. Refiners

Oct 24, 2016 at 14:50 | Tsvetana Paraskova

Fears of a possible default by Venezuela’s cash-strapped oil company PDVSA have mounted in recent weeks, but can now rest easy, after Venezuela managed to get credit holders to agree…

Oil Prices Slammed As Dollar Suddenly Breaks Out

Oct 24, 2016 at 12:14 | Matt Smith

Another week kicks off with oil under the influence of OPEC and producer rhetoric. As prices fell below the psychological support at $50/bbl, hark, here are five things to consider…

Oil Prices Fall As Iraq Goes Rogue, Refuses To Scale Back Production

Oct 24, 2016 at 11:45 | Irina Slav

In the latest turn of events regarding OPEC’s plan to cut production, Iraq said on Sunday that it should be exempted from output cuts because of the war it…

Ayatollah Khamenei Accuses OPEC Members Of Waving The Oil Weapon

Oct 24, 2016 at 10:25 | Irina Slav

Ayatollah Ali Khamenei, Iran’s Supreme Leader, accused unnamed OPEC members of using oil as a weapon to the benefit of the U.S. The accusations were leveled via Twitter, following…

Russia Sends Mix Signals To Oil Markets After Saudi Meeting

Oct 24, 2016 at 09:37 | Irina Slav

Russia is still not sure whether it will freeze or cut its crude oil output, said Energy Minister Alexander Novak after his weekend meeting with his Saudi counterpart Khalid…

5 Negative Factors For Oil Prices

Oct 21, 2016 at 17:30 | Andreas de Vries & Salman Ghouri

It has been a rough 2 years for forecasters of crude oil prices. Essentially no one saw the 2014 crash coming, and everyone looked on in surprise as a barrel…

The $1.7 Trillion Oil Industry Isn’t Going Anywhere

Oct 21, 2016 at 17:14 | Zainab Calcuttawala

This week’s oil prices put the industry at a value of $1.7 trillion – almost three times larger than the $660 billion in revenues generated from all major raw metals…

The Record Frack: How U.S. Shale Keeps On Boosting Output

Oct 21, 2016 at 17:14 | Nick Cunningham

The top shale basins in the U.S. could lose another 30,000 barrels per day in November, as a shortage of drilling fails to offset natural depletion. However, the decline is…

The Clean Energy Breakthrough That Is Using CO2

Oct 21, 2016 at 17:06 | Tsvetana Paraskova

It could not be more ironic: carbon dioxide, the greenhouse gas responsible for climate change, may be able to help the renewables energy industry in the future. Scientists have discovered…

Russia’s Oil Industry Is Making The Most Of A Weak Ruble

Oct 21, 2016 at 17:05 | Oil & Gas 360

Record Oil Production and Capital Spending Supported by Favorable FX Rate While Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices,…

The Niger Delta Oil Wars Are Unlikely To End Soon

Oct 21, 2016 at 16:53 | The Jamestown Foundation

The Nigerian government announced in August that it had resumed amnesty payments to former militants in the Niger Delta, many of them members of the Movement for the Emancipation of…

Why A Fracking Revolution In The UK Is Nearly Impossible

Oct 21, 2016 at 16:47 | Precise Consultants

Fracking is to gas what Trump is to politics and Marmite is to toast. You either love it or hate it. This week the Government overturned a council decision to…

The Larger Problems Behind The Deepwater Horizon Disaster

Oct 21, 2016 at 16:46 | Kurt Cobb

While watching the recently released film "Deepwater Horizon" about the catastrophic well blowout in the Gulf of Mexico that caused the largest oil spill in U.S. history, I remembered…

What Saudi Bonds Say About Where Oil Is Headed

Oct 21, 2016 at 16:38 | Dan Dicker

The Saudis have floated their first sovereign bonds, a $17.5 billion dollar offering that was more than 6 times oversubscribed. This bond issuance gives us tremendous insight into the largest…

How To Trade The U.S. Election

Oct 21, 2016 at 16:38 | Martin Tillier

In case it has escaped your attention, the U.S. has a Presidential election coming up in a few weeks, on November 8th to be precise. It would normally make sense…

Higher Breakeven Price Comes At Bad Time For Saudis

Oct 21, 2016 at 16:36 | Editorial Dept

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll…

Crude At A Crossroads: Is A Reversal Top In The Making?

Oct 21, 2016 at 16:12 | Jim Hyerczyk

Since late September, the U.S. Dollar and crude oil have been rallying simultaneously with traders seemingly ignoring the typical relationship between the two assets. Since crude oil is a dollar-denominated…

Iran Proving To Be Its Own Worst Enemy For Oil Development

Oct 21, 2016 at 16:06 | Lincoln Brown

Despite Iran’s efforts to re-enter the oil market, and amid promises two years ago by the country to open up the industry to foreign market after the sanctions against it…

Oil Heavyweights Worry About Future Oil Supply

Oct 21, 2016 at 14:02 | Evan Kelly

Oil prices are fighting against a strong dollar on Friday as the WTI front month futures rolled over to the December contract.…

Permian And Eagle Ford Recover As Rig Count Rises To 8 Month High

Oct 21, 2016 at 12:52 | Zainab Calcuttawala

This week’s Baker Hughes report shows an 11-rig increase in the United States oil count, marking 17 straight weeks of no-decline in the active rig figure. The streak suggests…

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