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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy

Expect Strong Crude Draws As Refineries Recover

Sep 28, 2017 at 11:51 | Matt Smith

It is now a little over a month after Hurricane Harvey made landfall on the US Gulf Coast. While some refineries are still in the process of ramping up activities,…

Ghana Doubles Energy Revenue With Increased Oil Production

Sep 28, 2017 at 10:09 | Oxford Business Group

A report from the central bank shows that Ghana’s state oil revenues more than doubled between the second half of 2016 and the first half of this year, from $93.4m…

Aramco Optimizes Oil Trading Operations Ahead Of IPO

Sep 28, 2017 at 09:37 | Irina Slav

Saudi Aramco will enter crude oil trading as part of valuation-boosting efforts ahead of its planned IPO in 2018, unnamed sources close to the company told Reuters. Aramco Trading…

Oil Prices At A Ceiling, Or Just Getting Started?

Sep 27, 2017 at 17:08 | Nick Cunningham

Oil moved back into bull market territory this week, with Brent prices jumping to a more than two-year high at $58 per barrel. A confluence of events has given…

Electric Vehicles And The 5 Trillion Dollar Market Transition

Sep 27, 2017 at 17:01 | Peter Tertzakian

Change in the world of wheels is accelerating! Momentum is building and some days it’s hard to keep up. Every week, the assumptions about the future of transportation, and the…

NatGas Prices Aren’t Going Anywhere Fast

Sep 27, 2017 at 17:01 | Irina Slav

With the recent crude oil rally that brought WTI to a five-month high, it’s only fitting to have a look at what’s happening with natural gas. By the looks of…

US Shale, End Of OPEC Cuts Could Stifle Oil Prices In 2018

Sep 27, 2017 at 14:49 | Tsvetana Paraskova

Although current supply and demand fundamentals point to a possible rise in oil prices by the end of 2017, next year’s supply will likely outgrow demand and depress oil…

Oil Prices Steady, But $80 Oil Is Coming, Says Analyst

Sep 27, 2017 at 11:32 | Tsvetana Paraskova

Oil prices were basically flat early on Wednesday, but $80 oil could be just around the corner, according to analyst Jodie Gunzberg, head of commodity and real asset indices at…

This Crude Oil Benchmark Just Rallied To A Three-Year High

Sep 27, 2017 at 10:55 | Matt Smith

Oman is the largest oil producer in the Middle East that is not a member of OPEC. It is also part of the OPEC / NOPEC production cut deal, committing to…

Oil Prices Rise Further On Falling Crude Inventories

Sep 27, 2017 at 09:47 | Irina Slav

As WTI enjoys the first meaningful price rise since this spring, and a day after the API injected further optimism in markets by reporting a 761,000-barrel draw in U.S.…

Hedge Funds See Further Upside For WTI

Sep 26, 2017 at 16:04 | Tsvetana Paraskova

Robust oil demand growth and reduced global stockpiles have instilled confidence in the oil market lately. Signs that the OPEC cuts have finally started to work—with Brent futures now in…

Africa’s Richest Man: Oil Is Not The Way Forward

Sep 26, 2017 at 15:53 | Irina Slav

The richest man in Africa says crude oil prices would do Nigeria a favor if they stay lower for longer. Last week at the UN General Assembly, Nigerian billionaire Aliko…

$60 Oil Enters The Realm Of Possibility

Sep 26, 2017 at 13:28 | Tom Kool

Oil markets took a bullish turn this week amid growing geopolitical tensions and a tightening oil market.  (Click to enlarge) 

Texas Sees Increase In Oil And Gas Employment

Sep 26, 2017 at 12:35 | Oil & Gas 360

Texas accounts for 54 percent of all U.S. oil and gas employment The Federal Reserve Bank of Dallas has released its September Energy Indicators, outlining the activity in oil and…

Oil Pares Gains After Soaring To 2-Year Highs

Sep 26, 2017 at 12:03 | Matt Smith

Brent crude prices were propelled to a two-year high yesterday, triggered by concerns about a Kurdish referendum vote to seek independence from Iraq. Although the vote is non-binding, a yes…

Robust Demand Could Send Oil Prices Above $60

Sep 26, 2017 at 10:20 | Tsvetana Paraskova

Healthy demand growth for fuel not only in emerging economies led by China and India, but also in Europe, is helping global inventories to draw down faster now, keeping the…

As OPEC Compliance Peaks, Can The Drawdowns Continue?

Sep 25, 2017 at 16:07 | Tsvetana Paraskova

Since it agreed to production cuts, OPEC stated that its mission is to see the oil futures curve flip from contango to backwardation as part of its work to erase…

Cheap Oil Or A Weak Dollar: Pick One

Sep 25, 2017 at 15:59 | ZeroHedge

Glance at this chart of the trade-weighted U.S. dollar, and note the swing highs and lows in the price of oil per barrel around each peak and trough. You can look…

Is This The End Of U.S. Dominance In Global Energy?

Sep 25, 2017 at 13:46 | Tsvetana Paraskova

Russia’s Gazprom ranked no.1 in the 2017 S&P Global Platts Top 250 Global Energy Company Rankings, toppling ExxonMobil and ending its 12-year reign at the top spot, S&P Global…

Is The Oil Crisis Officially Over?

Sep 25, 2017 at 11:50 | Stuart Parnell

Yup, you heard it here first (or second, maybe even third), last week was the week that it all happened, the week that we can finally call the oil price…

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