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Energy

The Big Data Revolution In Oil Is Accelerating

May 26, 2017 at 16:42 | Irina Slav

It was about time big data entered the lives of Big Oil. Yet it’s not happening exactly as expected. Oil companies are not making a mad dash to collect and…

Texas Shows No Sign Of Slowing Production Growth

May 26, 2017 at 16:38 | Ron Patterson

(Click to enlarge)The Chart above compares several different combinations of past (vintage) data to estimate output. The dotted line is based on the…

Uzbekistan To Increase Its Refining Capacity By 50%

May 26, 2017 at 15:09 | Eurasianet

Uzbekistan revealed in late April that it had begun building a new $2.2 billion oil refinery that would produce fuel for sale domestically and abroad. Official news sources stated perfunctorily…

It’s Not Over For OPEC Just Yet

May 26, 2017 at 14:59 | Dan Dicker

OPEC extended production cuts that were originally agreed in December 2016 for another 9 months, delivering both OPEC members and Russian discipline that will last well into the Spring…

The Reaction To The OPEC Deal Extension Is Logical, But Flawed

May 26, 2017 at 14:58 | Martin Tillier

Those new to financial markets, and energy trading in particular, were probably somewhat puzzled by the price action in oil futures this week following the announcement by OPEC and some…

The OPEC Elixir Wasn’t Potent Enough

May 26, 2017 at 14:58 | Editorial Dept

Friday May 26, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

Expect Choppy Oil Markets As Markets Digest OPEC’s Decision

May 26, 2017 at 14:55 | Jim Hyerczyk

July Natural Gas Weekly Recap Natural gas prices continued this week’s price slide on Thursday after U.S. government data showed that natural gas supplies in storage rose more than expected…

Goldman: OPEC Needs To Do More To Restrain Shale Oil

May 26, 2017 at 14:48 | Irina Slav

Goldman Sachs analysts have warned that OPEC’s job is not over with the announcement of an extension to its November agreement. Now the group needs to convince markets…

Naive Hedge Funds Bet Too Big On An OPEC Cut

May 26, 2017 at 13:45 | Tom Kool

It seems that hedge funds and money managers had built up too big a bullish position before the OPEC deal, send oil prices down when the 9-month extension was announced.

Falling OPEC Exports Create Upside For Oil Prices

May 26, 2017 at 12:38 | Matt Smith

No sooner had the dust settled after the conclusion of the latest OPEC meeting (with oil traders selling the market like hot cakes), we got Saudi oil minister Khalid…

Unstoppable: U.S. Adds Oil, Gas Rigs As OPEC Extends Deal

May 26, 2017 at 12:22 | Julianne Geiger

The number of active oil and gas rigs in the United States rose for the nineteenth straight week, Baker Hughes reported on Friday by 7, signaling that the US…

Private Equity Is Jumping Into This Reemerging Oil Hotspot

May 26, 2017 at 10:56 | Dave Forest

I talked earlier this week about increasing private equity activity in the U.S. shale patch. And news the last few days shows energy PE is also growing in the…

Russian Energy Minister: Deeper Cuts Still On The Table

May 26, 2017 at 09:24 | Irina Slav

Deeper cuts to OPEC’s oil production are not out of the question, but their implementation will depend on how things unfold with the current OPEC agreement, Russia’s Energy Minister Alexander…

Why OPEC Couldn’t Move Oil Prices Higher

May 25, 2017 at 15:50 | Nick Cunningham

The latest OPEC meeting was uncharacteristically tranquil, with little of the eleventh hour infighting and arm-twisting that has been so prevalent in previous meetings. The cooperative spirit has allowed OPEC…

Trump Aims To Scrap Gulf Coast Oil Royalties

May 25, 2017 at 15:41 | Tsvetana Paraskova

In a bid to increase federal income, President Trump’s FY2018 budget plan proposes to stop sharing revenue payments from Gulf Coast offshore oil and gas to Texas, Louisiana, Alabama, and…

UAE Gains Edge In $165 Billion Caspian Oil & Gas Market

May 25, 2017 at 14:42 | Zainab Calcuttawala

The United Arab Emirates has spearheaded the Gulf Cooperation Council (GCC) initiative to increase its presence in the Caspian Sea nations—Kazakhstan, Azerbaijan and Turkmenistan - all petrostates still suffering from…

Oil Crashes To $48 Handle As Iran Says It Won’t Cut Output

May 25, 2017 at 13:08 | Tsvetana Paraskova

Iran’s current crude oil output level will not be reduced under the extension of the OPEC production cuts, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Thursday. “Iran’s…

Unveiled: Venezuela, Syria’s Secret Scheme To Bypass Oil Sanctions

May 25, 2017 at 10:45 | Irina Slav

A Bloomberg investigation has uncovered a plan by Venezuela and Syria to circumvent Western sanctions on the Middle Eastern nation and ship its crude oil to Aruba to refine it…

Oil Prices Slip On OPEC Deal Disappointment

May 25, 2017 at 09:37 | Matt Smith

As OPEC's latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel's production cut deal has been extended for another nine months: it…

Goldman: Oil Glut To Return When OPEC Deal Expires

May 24, 2017 at 15:43 | Nick Cunningham

OPEC is about to extend its production cuts for another nine months in an effort to bring the oil market back into balance. Keeping in place the 1.2 million barrels…

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