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Energy

Is There Still Hope For Higher Oil Prices?

Jun 21, 2017 at 13:58 | Nick Cunningham

Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared. All signs point to…

Can U.S. Shale Survive Below $40?

Jun 21, 2017 at 13:55 | Nick Cunningham

Many U.S. shale drillers have said that they have full-proofed their operations for $40 oil, having lowered breakeven prices substantially over the last few years. They may soon have to…

Are Hedge Funds Expecting A Permian Bubble?

Jun 21, 2017 at 13:52 | Tsvetana Paraskova

Last year’s OPEC deal to cut production managed to lift oil prices and stabilize them around US$50 for most of the first quarter this year. The higher price of oil…

The Most Ignored Oil Price Influencer

Jun 21, 2017 at 13:49 | David Blackmon

It is a given that the price for crude oil on the global market for the rest of this year and into 2018 will be influenced by a variety of…

Sinking Louisiana: A Major Threat To Billions In Oil Infrastructure

Jun 21, 2017 at 11:33 | Irina Slav

That Louisiana is sinking into the Gulf of Mexico is not news. Rising seas and coastline erosion have been working together for decades, but this sinking may well be happening…

Iran: OPEC Considers Cutting Deeper As U.S. Shale Beats Forecasts

Jun 21, 2017 at 10:57 | Tsvetana Paraskova

Just a week has passed since an OPEC official last aired the possibility of deeper cuts, and comments on steeper reductions are resurfacing from the cartel, just a day after…

Crude Inventory Draw Offers Sliver Of Hope For Oil Markets

Jun 21, 2017 at 09:50 | Irina Slav

With WTI slipping into a bear market, global floating oil storage at a record high for this year, and Libya getting closer to its target of 1 million barrels…

Why Is Saudi Arabia Desperate For Higher Oil Prices?

Jun 20, 2017 at 16:40 | Gregory Brew

As OPEC’s most significant member and one of the largest crude oil producers in the world, Saudi Arabia typically exerts considerable power over global energy market trends. Yet for the…

Have Natural Gas Prices Hit A Bottom?

Jun 20, 2017 at 16:24 | Rakesh Upadhyay

Natural gas prices are falling, and the speculators have cut their U.S. natural gas net long positions for the fourth straight week. Does this indicate further weakness, or is this…

Who Controls The Oil As Kurdish Independence Looms?

Jun 20, 2017 at 16:18 | Gregory Brew

Kurdistan, the autonomous region of northern Iraq that is rich in oil resources and has proven an effective force against the spread of the Islamic State, has announced that it…

Oil Majors Snatch Up Mexican Oil Blocks

Jun 20, 2017 at 15:51 | Nick Cunningham

Mexico hosted another oil auction on Monday, auctioning off shallow water oil and gas blocks to international companies. The auction was the latest in a series of offerings related to…

Bank Of America: Expect $30 Oil

Jun 20, 2017 at 14:00 | Tsvetana Paraskova

Oil prices hit on Tuesday their lowest levels since mid-November last year, with WTI entering a bear market, and analysts now see the price of oil sliding further down…

Is $40 Oil On The Horizon?

Jun 20, 2017 at 13:52 | Tom Kool

Despite a busy week in oil news, prices are hovering around the mid-$40s mark as inventories remain high and production from OPEC members Libya and Nigeria ramps up.

Exxon Moves Forward With Offshore Guyana Project

Jun 20, 2017 at 11:44 | Oil & Gas 360

Phase 1 will produce 450 MMBO ExxonMobil (ticker: XOM), Hess (ticker: HES) and CNOOC today announced FID for Phase 1 development of the Liza field in offshore Guyana. Initially discovered…

Saudis Overtake U.S. In Recoverable Oil Resources

Jun 20, 2017 at 10:30 | Tsvetana Paraskova

Saudi Arabia has regained its top position ahead of the U.S. and Russia as the holder of the world’s biggest recoverable oil resources, as reduced tax rates for state giant…

Outlook For Oil Looks Bleak, Prices Hit 7-Month Low

Jun 20, 2017 at 09:11 | Irina Slav

Crude oil started the week with a loss, which may be extended today as U.S. shale drillers continue to add rigs, and Libya and Nigeria ramp up production, undermining their…

Oil Markets Unmoved By Brewing Conflict In The Middle East

Jun 19, 2017 at 15:48 | Nick Cunningham

The political standoff in the Middle East between Qatar and other powers in the Middle East enters its third week, and the conflict shows no signs of abating. On June…

What’s Wrong With The U.S. Oil Export Boom

Jun 19, 2017 at 15:48 | Arthur Berman

The lead editorial in Friday’s Wall Street Journal was pure energy nonsense.’ “Lessons of the Energy Export Boom” proclaimed that the United States is becoming the oil and gas…

Inside The World’s Most Sophisticated Refining Industry

Jun 19, 2017 at 15:41 | Omar Mawji

Over the past 5 years, focus on the U.S. oil & gas sector has centered around oil production from the U.S. shale revolution while neglecting, arguably, the most important part…

What the Fed’s Interest Rate Hike Means For Oil Prices

Jun 19, 2017 at 13:10 | Kent Moors

Finally, after almost a decade of historically low interest rates, the Fed is removing the proverbial punchbowl from the easy-money party. As it stands, Yellen & Company are only moving…

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