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Breaking News:

ExxonMobil Underwhelms With Q1 Earnings

Energy

Oil Prices Rise Ahead Of Rig Count Data

Apr 07, 2017 at 11:39 | Matt Smith

After oil prices spiked higher overnight amid a U.S. airstrike on Syria, an underwhelming monthly employment report this morning has helped to unravel most of these gains. As the market…

Oil Jumps To One-Month High After U.S. Missile Strike In Syria

Apr 07, 2017 at 08:32 | Irina Slav

International oil prices spiked to a one-month high after President Trump ordered missile strikes against Syrian military infrastructure in response to a chemical weapons attack for which security sources…

Saudi Arabia Vs. Russia: The Next Oil Price War

Apr 06, 2017 at 16:53 | Cyril Widdershoven

International oil markets could be heading towards a new war, as leading OPEC and non-OPEC producers are vying for increased stakes. The unexpected cooperation between OPEC and non-OPEC countries, instigated…

Bankrupt Oil Companies Pay Huge Bonuses To CEOs

Apr 06, 2017 at 15:19 | Irina Slav

The oil price rout that sent several hundred U.S. oil and gas companies under seems to be largely over, and in a somewhat surprising turn of events, some chief executives…

U.S. Threatens OPEC As Oil Exports Hit Record High

Apr 06, 2017 at 14:38 | Nick Cunningham

U.S. oil exports jumped to a record high in February, rising by a whopping 35 percent from a month earlier. At over 1 million barrels per day (mb/d), the U.S.…

Did The Banks Just Give U.S. Shale A Carte Blanche?

Apr 06, 2017 at 14:32 | Tsvetana Paraskova

Twice a year, in April and in October, banks review the creditworthiness of oil and gas companies in what is known as a borrowing base redetermination. Ahead of this year’s…

Oil Heads Higher As Iran And Saudi Arabia Draw On Reserves

Apr 06, 2017 at 13:16 | Matt Smith

Oil is ticking higher today, as speculators continue to bet on the prospect of the market tightening. As Nonfarm payrolls beckon tomorrow, hark, here are five things to consider in…

Saudi Aramco To Invest In India’s Biggest Refinery

Apr 06, 2017 at 12:32 | Tsvetana Paraskova

Saudi Aramco is in talks to buy a stake in a planned refinery expected to be built on India’s west coast that would be the country’s biggest refinery and…

Most Middle East Oil Producers Won’t Break Even This Year

Apr 06, 2017 at 10:41 | Irina Slav

Most crude oil producers in the Middle East, Africa and the emerging economies of Europe (EEMEA) won’t be able to patch up their budgets this year, Fitch Ratings warned, forecasting…

Canadian Oil Prices Surge As Upgrader Goes Offline

Apr 06, 2017 at 09:41 | Irina Slav

An unscheduled suspension of operations at Syncrude’s upgrader in Alberta has lifted Canadian oil prices substantially, also strengthening U.S. blends that make up WTI, as the bulk of Canadian…

OPEC’s No.2 Goes Rogue: Plans 600,000 Bpd Oil Output Increase

Apr 05, 2017 at 16:47 | Irina Slav

Iraq has plans to boost its crude oil production by 600,000 bpd to 5 million bpd by the end of this year, regardless of its participation in OPEC’s production…

The Insignificant Truth: Why Gasoline And Distillate Draws Don’t Matter

Apr 05, 2017 at 16:42 | Rakesh Upadhyay

The oil products that we use—such as gasoline, diesel, and heating oil—are all refined from crude oil. If the demand for these refined products increases, then the demand for crude…

Obliterating ISIS May Hamper Iraqi Oil Production

Apr 05, 2017 at 16:39 | Nick Cunningham

Iraq says it cut output by 300,000 bpd in March, taking production down to an average of 4.464 million barrels per day (mb/d). That puts Iraq at about 98…

Exxon To Enter The Most Sought After Oil Play In The World

Apr 05, 2017 at 14:07 | Nick Cunningham

The Wall Street Journal reported that Exxon is looking to jump into Brazil’s offshore sector, one of a few areas of exploration where there are still enormous volumes of known…

China Just Became The No.1 Buyer Of U.S. Crude

Apr 05, 2017 at 13:54 | Tsvetana Paraskova

While OPEC is implementing production cuts, U.S. crude oil exports are steadily growing and winning customers even in China. In February, China was the biggest buyer of U.S. light crude…

Oil Erases Gains After Inventory Head-Fake

Apr 05, 2017 at 13:14 | Matt Smith

The crude complex is feeling charitable today, giving away most of its overnight gains, as last night's bullish API report head-faked the market. As Nonfarm Friday looms next on the…

OPEC Deal Extension Looks Shaky As Shale Hedges Production

Apr 05, 2017 at 12:16 | Precise Consultants

You’ve got to feel for the guy who hit ‘Send’. That statement would have been written, read by a committee, re-written with countless minor words removed or added before finally…

The Largest-Ever Hard Assets Fund Bodes Well For Energy

Apr 05, 2017 at 10:19 | Dave Forest

Private equity continues to rise as a force in natural resources, with the resource PE industry this week unveiling the largest fund raised in global history. Private equity analysts Preqin…

Oil Prices Plunge After Crude Inventories Rise To New Highs

Apr 05, 2017 at 09:50 | Irina Slav

A day after the American Petroleum Institute estimated commercial U.S. crude oil inventories hade declined by 1.83 million barrels last week and amid an unplanned production outage at…

Tanker Traffic Points At Much Tighter Oil Markets

Apr 04, 2017 at 17:47 | Nick Cunningham

Oil prices have rallied more than 6 percent since last week, which has largely been attributed to growing confidence in a six-month extension from OPEC combined with a…

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