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Is There Still Hope For Higher Oil Prices?

Is There Still Hope For Higher Oil Prices?

Oil Prices tanked in recent…

U.S. E&P’s See Reserves Drop As Oil Sands Struggle

U.S. E&P’s See Reserves Drop As Oil Sands Struggle

Independent E&P’s saw liquids reserves…

Energy

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Middle East At Point Of No Return As Saudi-Qatar Rift Deepens

Jun 26, 2017 at 17:33 | Cyril Widdershoven

Saudi King Salman’s decision to appoint his son Mohammed Bin Salman (MBS) as the new crown prince did not come as a surprise. For months, the power struggle between former…

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Kurdistan Targets Saudi Market Share In The U.S.

Jun 26, 2017 at 15:18 | Zainab Calcuttawala

Kurdish oil is headed for the United States this week, further buttressing the semiautonomous region’s economic independence as Erbil prepares for a referendum on political independence later this year. An…

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The Eagle Ford Rebound Needs $48 Oil

Jun 26, 2017 at 15:04 | Tsvetana Paraskova

The oil price crash that started in 2014 has affected not only corporate profits and drilling plans. It has had a huge economic impact on the areas around the U.S.…

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Statoil Economist Predicts $60 Oil “Relatively Soon”

Jun 26, 2017 at 14:56 | Zainab Calcuttawala

Oil prices will jump over $60 “relatively soon,” according to Statoil chief economist Eirik Waerness, who spoke to Bloomberg on Monday. According to Waerness, $60 barrel is unlikely to…

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Gloomy Outlook Sees Hedge Funds Turns Bearish On Oil

Jun 26, 2017 at 13:11 | Zainab Calcuttawala

Hedge funds slashed their bets on the three main long oil futures contracts by 109 million barrels in the week that ended on June 20th, according to a new report…

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Oil Prices Inch Higher As Saudi Crude Oil Loadings Drop

Jun 26, 2017 at 11:07 | Matt Smith

We discussed back in early May how Saudi Arabian crude export loadings in April had dropped materially. Given the journey time to US shores (hark, seven-ish weeks), the expectation was…

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Iran’s Largest Oil Terminal Boosts Capacity To 8 Million Bpd

Jun 26, 2017 at 09:27 | Tsvetana Paraskova

The Kharg oil terminal in Iran has increased its crude oil loading capacity to 8 million barrels per day (bdp), three times the current Iranian crude and condensate exports,…

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Oil Industry To Waste Trillions As Peak Demand Looms

Jun 23, 2017 at 17:52 | Nick Cunningham

ExxonMobil and its peers risk blowing $2.3 trillion on oil projects that will not be needed if the world hits peak demand in the next decade. A new report…

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Goldman Sachs: Oil Crash Unlikely To Continue

Jun 23, 2017 at 17:51 | Julianne Geiger

The current selloff in energy stocks is but an opportunity for buyers, according to a Thursday note from Goldman Sachs’ European energy team, who added that current prices are…

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Crisis-Stricken Venezuela Looks To Import Fuel

Jun 23, 2017 at 17:47 | Irina Slav

Venezuela is seeking more than 13 million barrels of fuel imports by the end of the year, which constitutes about a third of what the South American nation needs annually.…

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