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Can An OPEC Extension Push Oil To $60?

Can An OPEC Extension Push Oil To $60?

As OPEC’s May meeting approaches,…

Offshore Crude Backlog Haunts Oil Price Recovery

Offshore Crude Backlog Haunts Oil Price Recovery

A backlog of tankers waiting…

Energy

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Mexico Looks Overseas For New Oil Export Destinations

Apr 25, 2017 at 15:24 | Irina Slav

Two weeks ago, Mexican crude oil exports to the U.S. saw a 43 percent weekly drop to 290,000 bpd, versus a 52-week average of 561,000 bpd. The sharp drop…

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Aramco Insiders Suggest The Company May Not Be Worth $2 Trillion

Apr 25, 2017 at 15:18 | ZeroHedge

As Saudi Arabia's deputy crown prince, Mohammad bin Salman Al Saud, pushes his nation's Vision 2030 economic overhaul and crows of the $2 trillion Saudi Aramco valuation (ahead of its…

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Will Russia Join The OPEC Cut Extension?

Apr 25, 2017 at 14:10 | Tom Kool

As the global oil supply glut grows, Russia has not yet climbed on board of OPEC's production cut agreement extension.   (Click to enlarge)  

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Will Libya’s Production Rebound As Its Largest Oil Field Re-Opens?

Apr 25, 2017 at 13:14 | Tsvetana Paraskova

Libya’s biggest oil field, Sharara, which has been offline for most of the past month, is set to reopen after the Petroleum Facilities Guard (PFG) reached an agreement with protesters…

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OPEC’s No.2 Plans Significant Raise In Crude Output Next Year

Apr 25, 2017 at 11:20 | Tsvetana Paraskova

Iraq has started work on the third and final phase of the Halfaya oil field expansion, with the goal to double production capacity next year, a company official at the…

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Barents Sea Oil Reserves Twice As Big As Previously Thought

Apr 25, 2017 at 09:56 | Tsvetana Paraskova

The Norwegian Petroleum Directorate (NPD) said on Tuesday that its latest estimates show that the undiscovered oil and gas resources in the Barents Sea are twice as large as…

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5 Mining Stocks To Watch As Commodity Prices Surge

Apr 24, 2017 at 17:15 | Charles Kennedy

Precious and industrial metals have rallied as the dollar dives and global chaos rules the day. So, if you have stayed away from mining this year, it’s time to rethink…

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The Bullish Case For Oil Is Fading Fast

Apr 24, 2017 at 15:30 | Nick Cunningham

Oil prices took another dip on Monday, and with WTI down to $49 per barrel, crude oil has given up most of the gains that it had made so far…

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China Offers Contested South China Sea Oil And Gas Blocks

Apr 24, 2017 at 15:27 | Irina Slav

Last week, China National Offshore Oil Corp tendered 22 oil and gas blocks in the South China Sea, expecting bids from foreign companies that would help it develop the…

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Could Lack Of Transparency Hurt Aramco’s Trillion Dollar Valuation?

Apr 24, 2017 at 15:25 | Cyril Widdershoven

Saudi Aramco’s IPO, slated to raise between $100 billion and $400 billion from a 5 percent stake in the company, will continue to make headlines until its launch. Lately, discussions…

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