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Energy

Iran Continues To Ignore The OPEC Deal

Mar 14, 2017 at 15:27 | Ron Patterson

All data below is in thousand barrels per day and is through February 2017. (Click to enlarge)OPEC crude oil production…

Oil Prices Sink As Bearish Sentiment Takes Hold

Mar 14, 2017 at 15:19 | Tom Kool

Oil prices were hit hard on Tuesday by a bearish EIA report and continued uncertainty over a possible OPEC deal extension. Natural gas also saw losses as warm weather and…

Deciphering Today’s Oil Markets

Mar 14, 2017 at 14:33 | Osama Rizvi

The EIA reported a crude build of 8.2 million last week, the 9th consecutive weekly inventory rise, with oil prices later plunging 5.3 percent. The sudden drop in oil…

EIA And OPEC Send Oil Prices Tumbling

Mar 14, 2017 at 12:50 | Matt Smith

The double whammy of yesterday's EIA drilling productivity report - showing rampantly rising shale production next month - combined with a bearish OPEC monthly oil market report, has sent oil…

An OPEC Deal Extension Won’t Affect Oil Prices

Mar 14, 2017 at 11:34 | Irina Slav

The possibility of OPEC deciding to extend the deadline of its November 30 oil output cut agreement is growing, according to one former senior U.S. energy official. Former Assistant Secretary…

Why Last Week’s Oil Price Crash Was Inevitable

Mar 14, 2017 at 10:31 | Brian Noble

For traders who were paying attention, the weekly COT (Commitments of Traders) reports from the CFTC (U.S. Commodity Futures Trading Commission) have recently been screaming out a warning…crude oil bear…

New Oil Price War Looms As The OPEC Deal Falls Short

Mar 13, 2017 at 17:21 | Nick Cunningham

Last November, OPEC orchestrated an impressive feat: corralling all (or nearly all) of its members to sign on to relatively aggressive production cut deal, and then actually convincing everyone to…

How Likely Is An OPEC Deal Extension?

Mar 13, 2017 at 16:35 | Rakesh Upadhyay

Damned if they do and damned if they don’t. This is OPEC’s precarious position after the recent fall in oil to below $50 per barrel. Oil prices will tank if…

Keystone XL Does Not Make Sense Anymore

Mar 13, 2017 at 16:27 | Nick Cunningham

Canada’s oil industry is facing a dilemma – three major proposed pipelines but perhaps only room enough for two of them. For years, the oil industry in Canada has been…

U.S. Shale Faces A Workforce Shortage

Mar 13, 2017 at 15:43 | Irina Slav

A problem for the U.S. shale oil and gas industry that analysts and observers have warned about for a long time has materialized: there is a shortage of workers. According…

Will Trump Send Oil Prices Crashing?

Mar 13, 2017 at 15:39 | Todd Royal

Oil markets are looking particularly bearish this week, with WTI once again below $50, the OPEC cuts in jeopardy over Iran and Iraq ramping up production, the second U.S.…

Saudi Arabia’s War On Shale Never Ended

Mar 13, 2017 at 13:40 | Kurt Cobb

Last week, when Saudi Arabia let it leak that the kingdom has no intention of leading OPEC toward another cut in production to accommodate the growing volumes of oil…

Will Nigeria Be Forced To Join The OPEC Production Cut?

Mar 13, 2017 at 11:26 | Irina Slav

Nigeria could lose its exempt status in the OPEC oil production cut deal, as it restores its daily output to levels last seen before militant attacks on infrastructure in the…

Oil Steadies Itself Ahead Of Big Week

Mar 13, 2017 at 10:41 | Matt Smith

And it's shaping up to be another fun week in the crude complex, with OPEC releasing its monthly oil market report on Tuesday, swiftly followed by the IEA's monthly oil…

Global Rig Count Suggests An Oil Price Rally Is Near

Mar 10, 2017 at 13:32 | Peter Tertzakian

Like us humans, it seems that oil markets have two ears. Going in one ear, is the squeal of the resurgent U.S. oil industry. In the other ear, it’s loud…

Falling Oil Prices Could Upend The OPEC Deal

Mar 10, 2017 at 13:31 | Gregory Brew

A bearish report from the EIA, particularly the inventory data and an output forecast which predicts U.S. production rising to a level not seen since 1970, sent WTI prices plunging…

Huge Oil Find Could Save Alaska’s Oil Sector

Mar 10, 2017 at 13:30 | Nick Cunningham

Spanish oil firm Repsol SA just announced the largest onshore oil discovery in the U.S. in three decades, a 1.2 billion barrel find on Alaska’s North Slope. Repsol has…

Why Is Big Oil Backing The Paris Climate Agreement?

Mar 10, 2017 at 13:29 | Tsvetana Paraskova

Joining the ranks of former Exxon CEO, and now Secretary of State, Rex Tillerson, the chief executive of another big U.S. energy company, ConocoPhillips, is saying that the U.S. should…

Can Oil Supply Keep Up With Surging Demand?

Mar 10, 2017 at 13:27 | Oil & Gas 360

IEA chief sees no peak in oil demand, but slowed investment will reduce supply Global oil demand could outpace supply after 2020, according to a release from the International…

Rise Of U.S. Shale Could Jeopardize OPEC Deal Extension

Mar 10, 2017 at 13:27 | Michael McDonald

OPEC and the U.S. continue to fight for dominance in the global oil market. The battle has been recently been defined by OPEC’s production cuts, but new U.S. shale production…

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