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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy

Is The Market Ignoring OPEC?

May 09, 2017 at 14:04 | Tom Kool

As output in Nigeria and Libya rebound, markets seem unimpressed with OPEC’s announcement of a possible 9-month extension of the production cut agreement.  (Click…

OPEC Confident In U.S. Shale’s Lack Of Longevity

May 09, 2017 at 13:26 | Oil & Gas 360

OPEC could extend cuts to 2018, but in the long run U.S. shale “won’t make a dent” Both WTI and Brent crude oil prices were up slightly today, but persistently…

Saudis Set To Cut June Crude Oil Exports To Asian Markets

May 09, 2017 at 11:23 | Tsvetana Paraskova

Saudi Arabia will reduce its crude oil exports to the Asian market by around 7 million barrels in June, Reuters reported on Tuesday, citing a source with first-hand knowledge…

Morgan Stanley To Revise 2018 Forecast After Oil Price Rout

May 09, 2017 at 09:57 | Irina Slav

Morgan Stanley may have to revise its 2018 oil market outlook after last week benchmarks recorded the lowest price levels since last November, before OPEC and non-OPEC producers agreed to…

Will Hedge Funds Drive Oil Prices Even Lower?

May 08, 2017 at 14:17 | Nick Cunningham

Andurand Capital reportedly liquidated all of its bullish bets on crude oil in recent days after posting steep losses so far this year. The fund is led by Pierre Andurand,…

A Sobering Look At The Future Of Oil

May 08, 2017 at 14:16 | David Yager

The current discussion about the future of oil is how soon will it be before petroleum becomes a sunset industry. If it isn’t already. Flat or falling demand. Carbon taxes.…

Production Now Priority For North America’s Busiest Oil Asset Buyer

May 08, 2017 at 14:16 | Tsvetana Paraskova

Canada’s Crescent Point Energy Corp—the North American oil and gas exploration and production company that has completed the highest number of acquisitions over the past five years—is now prioritizing organic…

Four Charts That Explain OPEC’s Fall From Power

May 08, 2017 at 12:57 | ZeroHedge

Undeterred by earlier failures to jawbone the price of oil higher, a new barrage of headlines hit courtesy of Reuters reiterating more of the same, and adding a new spin.…

Iran Plans To Raise Crude Oil Production Capacity By 3 Million Bpd

May 08, 2017 at 12:23 | Tsvetana Paraskova

Iran plans to lift its crude oil production capacity by 3 million bpd, Iranian oil ministry’s news service, Shana, reported on Monday, quoting a senior official as saying that…

Saudi Oil Minister: OPEC Output Cut Could Extend Into 2018

May 08, 2017 at 09:47 | Irina Slav

The production cut agreement that OPEC closed last year in a bid to improve oil prices could be extended for more than six months, Saudi Arabia’s Oil Minister Khalid al-Falih…

Oil Prices Are Where They Should Be

May 05, 2017 at 14:37 | Arthur Berman

WTI oil prices plunged to almost $45 per barrel yesterday (Figure 1). That was a downward adjustment to where prices should be based on supply, demand and inventory fundamentals.

OPEC’s Influence Is Fading.. But Don’t Count It Out Yet!

May 05, 2017 at 14:35 | Martin Tillier

Conventional wisdom among those that follow energy markets and oil in particular is that OPEC is not what it once was. For a few decades the cartel of oil producing…

U.S. Oil And Gas To Contribute $1.9 Trillion To U.S. GDP By 2035

May 05, 2017 at 14:35 | Tsvetana Paraskova

Since U.S. oil production started recovering at the end of 2016, coinciding with a pro-oil administration entering the White House, industry bodies and analysts have been projecting that the U.S.…

Could Oil Drop To $42?

May 05, 2017 at 14:34 | Nick Cunningham

The 5 percent selloff in oil prices on May 4 serves as a painful reminder that the oil market is still woefully oversupplied. But why such a deep and…

How Much Further Could Oil Prices Fall?

May 05, 2017 at 14:34 | Brian Noble

Perma bears and perma bulls share one thing in common: they both can enjoy their Andy Warhol-inspired 15 minutes on the stage and believe at the end of their careers…

Coal Just Can’t Compete, Despite Trump’s Promises

May 05, 2017 at 14:33 | Haley Zaremba

Though energy experts have been predicting the death of the U.S. coal industry for years, West Virginia shows no signs of giving up. Revenue Secretary Dave Hardy announced on Wednesday…

$44 Trillion Needed To Keep Up With World’s Energy Demands

May 05, 2017 at 14:31 | Oil & Gas 360

So far in 2017 a number of global energy experts and commodities watchers have looked beyond the current reporting period and they see a growing long term demand for oil…

Azerbaijan Could Emerge As A Natural Gas Power Powerhouse

May 05, 2017 at 14:31 | Eurasianet

Back in 1994, when the so-called “Contract of the Century” was signed, forming an international partnership to develop the giant Azeri-Chirag-Guneshli (ACG) oil field, lots of experts believed that…

U.S. Oil Producers Becoming Increasingly Self-Destructive

May 05, 2017 at 14:30 | Dan Dicker

It’s absolutely maddening watching the first quarter results float in from the large cap energy companies. And the one image I continue see in my mind that I can’t shake…

OPEC Is Not What It Was But Can Still Be An Influence

May 05, 2017 at 14:29 | Martin Tillier

Conventional wisdom among those that follow energy markets and oil in particular is that OPEC is not what it once was. For a few decades the cartel of oil producing…

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