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Oil Futures Point To Higher Oil Prices

Oil Futures Point To Higher Oil Prices

The contango in oil futures…

Tesla Successfully Raises Funds As Cash Bleed Continues

Tesla Successfully Raises Funds As Cash Bleed Continues

Tesla is once again fundraising,…

Energy

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China Ups Pressure On North Korea With Ban On Coal Imports

Aug 14, 2017 at 13:56 | ZeroHedge

China's Ministry of Commerce said that Beijing will halt imports of coal, iron, iron ore and seafood from North Korea starting on Tuesday, cutting an important economic lifeline for the…

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Oil Prices Slip As Chinese Crude Demand Loses Momentum

Aug 14, 2017 at 11:57 | ZeroHedge

Slowly but surely, what we have claimed for the past year - that it is the demand side of the oil equation, not the supply, and especially the "Chinese wildcard" that…

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Oil Prices Inch Higher As Libya Closes Crude Export Terminal

Aug 14, 2017 at 10:27 | Irina Slav

The Zueitina oil terminal in Libya has ceased loading cargos as port workers protest, demanding better working conditions, Bloomberg quoted the head of the workers’ union Merhi Abridan as…

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Higher Oil Prices Slash Saudi Deficit

Aug 14, 2017 at 09:23 | Irina Slav

The Saudi Finance Minister has announced an annual decline in the budget deficit for the first half of the year thanks to higher oil prices in the period. At…

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Will Oil Markets Rebalance Before The OPEC Deal Expires?

Aug 11, 2017 at 16:08 | Nick Cunningham

The oil market is still on track to rebalance, although the pace is “stubborn” and will still take some time, the IEA said in a new report. Market sentiment…

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Is OPEC Counting Too Much On Venezuela Sanctions?

Aug 11, 2017 at 16:08 | Gregory Brew

The Organization of Petroleum Exporting Countries (OPEC) released its monthly oil market report on Thursday, and the news was enough to send WTI below $50 after…

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Brazil’s Pre-Salt Extraction Costs Fall To $8 Per Barrel

Aug 11, 2017 at 16:04 | Haley Zaremba

Not too long ago Brazilian state oil company Petrobras was the most indebted oil & gas company in the world. The long-suffering company has faced dire mismanagement while being…

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Is LNG Moving From A Buyers’ To A Sellers’ Market?

Aug 11, 2017 at 16:03 | Irina Slav

When Petronas announced the cancellation of its biggest investment abroad, its US$28-billion Pacific NorthWest LNG project, the news sounded an alarm for the LNG industry, which is already plagued…

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Little-Known Driller Dives Into Perilous Venezuelan Oil Market

Aug 11, 2017 at 16:03 | Tsvetana Paraskova

Two weeks before he held a vote to set up an assembly to re-write the constitution—further undermining democracy—Venezuelan President Nicolas Maduro hosted the signing of a contract with a small…

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Could Bitcoin Provide A Hedge Against Venezuela’s Failing Oil Industry?

Aug 11, 2017 at 16:00 | Editorial Dept

Protests continue to rage in Venezuela as inflation soars to unprecedented levels and the price of oil remains low. The country’s national currency is now worth less than fictional…

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