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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…

Energy

Analysts See WTI Averaging $56 In 2018

Dec 28, 2017 at 10:29 | Tsvetana Paraskova

Expectations of robust oil demand growth and high OPEC and allies’ commitment to the production cuts have prompted analysts to raise again their forecast for oil prices in 2018, and…

Oil Prices Steady After EIA Reports Crude Draw

Dec 28, 2017 at 10:09 | Irina Slav

Amid a mixture of news pulling oil prices in opposite directions the Energy Information Administration reported another draw in U.S. crude oil inventories for the week to December 22. The…

What Drove WTI Above $60?

Dec 27, 2017 at 12:15 | Nick Cunningham

WTI briefly broke above $60 per barrel on news that a pipeline in Libya exploded, knocking a sizable portion of supply offline. The oil pipeline carries crude oil to the…

Europe’s Largest Oil And Gas Producer Is Back On Its Feet

Dec 27, 2017 at 12:11 | Irina Slav

Europe’s largest oil and gas producer, Norway, suffered its fair share of problems when oil prices tanked three years ago. Yet, helped by the cushion of its massive sovereign wealth…

Oil Giants Are Increasingly Focused On Sustainability

Dec 27, 2017 at 11:49 | Nick Cunningham

Pioneer Natural Resources just published its first Sustainability Report, a sign that a growing number of oil companies are feeling the heat from investors over climate change. Environmental groups…

Number Of EV Charging Points To Rise Significantly

Dec 27, 2017 at 11:36 | Jon LeSage

Gasoline stations outnumber electric vehicle charging stations by a wide margin in key global markets. That gap is expected to narrow with planned charger installations and significant growth in fast…

Permian Beats Own Record In Oil Production

Dec 27, 2017 at 09:17 | Irina Slav

The Permian Basin pumped an estimated 815 million barrels of crude this year, beating its previous record of 790 million barrels, achieved back in 1973, IHS Markit reported. The…

A New Era For Oil And Gas Majors

Dec 26, 2017 at 10:51 | Irina Slav

Two and a half years ago, analysts asked when Italy’s Eni would be able to start producing gas from the giant Zohr field offshore Egypt. The overwhelming majority said this…

Trump To Rollback Deepwater Horizon Regulations

Dec 26, 2017 at 10:46 | Nick Cunningham

The Trump administration is hoping to slash regulations on offshore oil drilling that were implemented after the 2010 Deepwater Horizon disaster that killed nearly a dozen people and led to…

Oil Holds Steady Through Holidays

Dec 26, 2017 at 10:45 | Tom Kool

Oil held steady this week while light trading pushed prices slightly higher on Tuesday morning, adding to the likelihood that oil prices will hold their recent gains heading into the New…

Libyan Pipeline Explosion Pushes Brent Prices Upward

Dec 26, 2017 at 10:25 | ZeroHedge

After a quiet overnight session, the price of Brent Crude spiked following news of an explosion at a Libyan crude oil pipeline that feeds the Es Sider sea terminal -…

Oil Market Will Rebalance By March: Iraqi Minister

Dec 26, 2017 at 09:58 | Irina Slav

With what has now become habitual optimism, the Iraqi oil minister, Jabar al Luaibi, said he expected the global oil market to rebalance by the end of the first…

Saudi Arabia Eyes 80% Jump In Oil Revenues By 2023

Dec 26, 2017 at 09:23 | Irina Slav

Saudi Arabia sees oil revenues soaring by 80 percent over the next six years, according to unnamed sources that spoke to Bloomberg. The information is not public yet but…

2017's Naughty Or Nice List

Dec 22, 2017 at 13:48 | Stuart Parnell

Last week as everyone knows, I divulged one of my deepest and darkest secrets, namely that I am hopelessly addicted to cheeseball Hallmark Movie Channel Christmas movies, most of which…

Automakers Scramble To Get In On India’s EV Boom

Dec 22, 2017 at 13:43 | Metal Miner

India represents one of the biggest automobile markets in the world, with about 3 million petrol and diesel vehicles having been sold last fiscal year. That pie is just too…

The Biggest Factors In Future Oil Production

Dec 22, 2017 at 13:41 | Ron Patterson

The views expressed in this post are those of the author alone. This assessment is based on the data in the 2017 BP Statistical Review of World Energy available here.…

Shell’s Latest Acquisition Is Big News For UK Utilities

Dec 22, 2017 at 13:36 | City A.M

Royal Dutch Shell is preparing to take on the UK's Big Six energy suppliers after it announced today it would buy First Utility, a leading challenger firm. The move represents…

WTI In 2018

Dec 22, 2017 at 13:29 | Martin Tillier

As much as I love Christmas and year end celebrations, this is not a great time of year for me for one reason. The expectation is that I will write…

Shale Growth Hides Underlying Problems

Dec 22, 2017 at 13:25 | Nick Cunningham

All eyes are on U.S. shale as we head into 2018, with a growing number of analysts worrying that shale will spoil the oil price rally. Estimates of supply growth…

Should The State Take Over Pacific Gas & Electric?

Dec 22, 2017 at 13:25 | Leonard Hyman & William Tilles

First by poison (Aliso Canyon), then by gas explosion (San Bruno), and now by fires (Northern California). This is no joke. There’s an almost biblical cast to crises related to…

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