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Morgan Stanley Hikes Its Summer Oil Price Forecast to $94

Morgan Stanley Hikes Its Summer Oil Price Forecast to $94

Geopolitical tensions and tighter supply…

OPEC+ Rules in an Increasingly Tight Oil Market

OPEC+ Rules in an Increasingly Tight Oil Market

The market is growing increasingly…

Energy

World Leaders Have To Face The Truth About Oil Demand

Dec 08, 2021 at 14:02 | Irina Slav

"Our products make the world run." This is what Chevron's chief executive Mike Wirth said at this week's World Petroleum Congress in Houston. The statement echoed a sentiment…

The U.S. Looks To Beat Qatar To Become The World's Top LNG Exporter In 2022

Dec 08, 2021 at 13:49 | Tsvetana Paraskova

The United States will have the world’s largest liquefied natural gas (LNG) export capacity next year, exceeding the capacity of the top LNG exporters Australia and Qatar.  

Top Executive In U.S. Shale Is Worried Oil Prices Could Go To $100

Dec 08, 2021 at 13:44 | ZeroHedge

After half a decade of U.S. oil drillers underinvesting in projects and returning money to shareholders, it could take years to resume pre-pandemic production levels that could further roil oil…

Oil Investment Must Rise To $525 Billion Per Year To Avoid Supply Crunch

Dec 08, 2021 at 12:56 | Tsvetana Paraskova

Upstream oil and gas investment must rise to the pre-pandemic levels of around $525 billion per year through the end of the decade so that the industry can ensure a…

JP Morgan Predicts The End Of Covid, A Strong Economy, And $125 Oil

Dec 08, 2021 at 11:49 | Tsvetana Paraskova

Next year could lay the foundation for "a far more vibrant economic environment" and COVID transitioning from a pandemic to an endemic disease, JP Morgan said in its Outlook…

Traders Bet On U.S. Oil Export Ban

Dec 08, 2021 at 11:05 | Irina Slav

Traders are betting on the possibility the U.S. administration will ban oil exports, Bloomberg has reported, citing a pile-up in options contracts that would yield profits if U.S. West…

Oil Prices Steady On Minor Crude Draw, Products Build

Dec 08, 2021 at 09:46 | Irina Slav

Crude oil prices stabilized on Wednesday morning after the Energy Information Administration reported an inventory draw of 0.2 million barrels for the week to December 3. The report comes a…

Has The EIA Massively Overestimated The Potential Of U.S. Shale?

Dec 08, 2021 at 08:39 | Kurt Cobb

Earth scientist David Hughes—who is out with a new skeptical report on the future of U.S. shale oil and gas—has two very important things in common with Michael Burry. Burry is…

Sentiment Shifts In Oil Markets As Hedge Fund Selling Spree Ends

Dec 07, 2021 at 13:42 | Irina Slav

The news of another coronavirus variant that prompted some countries to close their borders frightened traders who exited their bullish positions on the commodity in droves a week…

Is Shale Gas A Gamechanger For Saudi Arabia?

Dec 07, 2021 at 13:32 | Simon Watkins

The first major contracts for Saudi Arabia’s Jafurah field – supposedly, the biggest shale gas field outside the U.S. – were awarded last week, as the Kingdom aims…

How OPEC+ Regained Control Of Oil Markets

Dec 07, 2021 at 13:18 | Tsvetana Paraskova

The OPEC+ decision to stick to its oil production plans early next year came as a surprise to many observers, considering the market noise leading up to last…

3 Reasons Why Oil Prices Bounced Back This Week

Dec 07, 2021 at 13:07 | Alex Kimani

After a sharp plunge that saw oil prices collapse below $70/bbl for the first time in months, the oil bulls appear to be back in control.

Saudi Aramco Signs $15.5-Billion Gas Pipeline Deal With BlackRock

Dec 07, 2021 at 12:50 | Tsvetana Paraskova

Saudi Aramco is selling 49 percent of its gas pipeline network to a consortium led by BlackRock, for which it will receive $15.5 billion—another step of the Saudi oil giant’s…

Oil Prices Bounce Back As Omicron Fears Fade

Dec 07, 2021 at 12:05 | Tom Kool

A flood of bullish factors have sent oil prices higher at the start of the week, with fears about Omicron fading on the back of some promising reports.

European Gas Futures Soar As U.S. Weighs Sanctions Against Russia

Dec 07, 2021 at 11:51 | ZeroHedge

On Tuesday, European natural gas futures jumped after U.S. and European allies weighed new sanctions against Russia if it should invade Ukraine. Cold weather is not the only driver of natgas…

The Best Energy Transition Strategy For Oil Majors Remains A Mystery

Dec 07, 2021 at 11:12 | Haley Zaremba

Is the era of Big Oil coming to an end? Worldwide, industry and policy leaders are finally making earnest pledges to decarbonize. The United States has passed a…

Oil Prices Rise As Fears Of Omicron Lockdowns Subside

Dec 07, 2021 at 09:31 | Tsvetana Paraskova

Oil prices rose early on Tuesday for the second day in a row, as traders are cautiously optimistic that the new Omicron COVID variant would not lead to massive lockdowns…

Aramco CEO: Rushed Energy Transition Could Spark Social Unrest

Dec 07, 2021 at 08:48 | Irina Slav

A rushed transition into renewable energy would cause spiraling inflation and social unrest, the chief executive of Aramco warned at the World Petroleum Congress in Texas this week, noting that…

Natural Gas Markets To See Very Volatile 2022

Dec 06, 2021 at 15:31 | Tsvetana Paraskova

Global natural gas prices are set for another year of volatility, following 18 months of swings from record lows to record highs. As natural gas demand started to rebound this…

California Is Addicted To Oil From The Amazon

Dec 06, 2021 at 13:16 | Irina Slav

California is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear…

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