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Energy

Are Oil Prices Really Driven By Supply And Demand?

Mar 02, 2017 at 14:49 | Robert Gore

For most people the reflexive answer to the title question is yes. Consider, however, that over various time spans since 1980, the price of oil has dropped 75, 76, 78,…

As Non-OPEC Compliance Hits 60%, Oil Prices Remain Stagnant

Mar 02, 2017 at 11:19 | Precise Consultants

When is 60 percent compliance a good thing? When it’s not 40 percent... That is the latest status on the non-OPEC nations who agreed to November’s production cut, as discussed…

Despite Promises To Cut, Iraq Raises February Oil Exports

Mar 02, 2017 at 09:54 | Irina Slav

Crude oil exports from Iraq went up by 1 percent to 3.85 million barrels daily in February, despite the OPEC oil production cut that has seen Saudi Arabia and other…

The Secret Wealth Of The World’s Richest Oil Billionaires

Mar 01, 2017 at 17:03 | Zainab Calcuttawala

A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources. As such, you won’t be surprised to learn that the

Saudi King Goes East In Search Of Friends And Cash

Mar 01, 2017 at 16:31 | Nick Cunningham

The Saudi King kicked off a month-long tour of Asia this week, as the oil kingdom looks to bolster ties in the east as it loses confidence in the…

Why Investors Should Beware Of The Bakken

Mar 01, 2017 at 16:27 | Arthur Berman

It’s the beginning of the end for the Bakken Shale play. The decline in Bakken oil production that started in January 2015 is probably not reversible. New well performance has…

Will Tesla’s $2.6 Billion SolarCity Gamble Pay Off?

Mar 01, 2017 at 16:01 | Michael McDonald

Whether or not SolarCity was a good investment on the part of Tesla has been of speculation late as the company released its latest quarterly report. It seems that…

South Africa: The Next Hot Spot For Offshore Oil Exploration

Mar 01, 2017 at 14:20 | Tsvetana Paraskova

South Africa’s land is known for its resources such as platinum, gold, diamonds, copper and coal. But its waters may be hiding future giant oil and gas discoveries potentially capable…

Gasoline Taxes About To Rise In These 12 States

Mar 01, 2017 at 14:14 | ZeroHedge

Nearly 20 states have raised gas taxes or recalculated gas-tax formulas in recent years to generate additional revenues. Which, of course, is an extremely politically expedient way to raise taxes…

Panic In Vienna: OPEC Needs To Bring Down Costs To Compete With U.S. Shale

Mar 01, 2017 at 11:49 | Irina Slav

Nigeria’s Oil Minister Emmanuel Ibe Kachikwu said that OPEC producers need to lower their production costs if they want to be able to compete effectively with U.S. shale boomers,…

Oil Prices Inch Higher On Small Crude Build, Gasoline Draw

Mar 01, 2017 at 09:48 | Irina Slav

The Energy Information Administration reported a build of 1.5 million barrels in U.S. commercial crude oil stockpiles for the week to February 24, continuing a seven-week streak of increases…

Oil Majors' Costs Have Risen 66% Since 2011

Feb 28, 2017 at 16:50 | Nick Cunningham

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. Oil prices have stabilized…

OPEC Struggling To Hold On To Asian Market Share

Feb 28, 2017 at 16:16 | Rakesh Upadhyay

Two years ago, OPEC took steps to increase its market share. It continued with this same policy for two years by pumping oil in an oversupplied market. The result: oil…

OPEC Deal Cancelled Out By Rising Shale Output

Feb 28, 2017 at 16:08 | Nick Cunningham

U.S. oil production continues to rise, threatening to offset much of the output reductions from OPEC, and yet again pushing out the time horizon for the oil market balancing. There…

Trillions or Billions – What Is Aramco’s IPO Actually Worth?

Feb 28, 2017 at 15:27 | Tsvetana Paraskova

Since Saudi Arabia said last year that it planned to sell a small portion of its crown jewel Aramco, analysts and industry specialists have been questioning the Kingdom’s evaluation of…

Trump’s Pipeline Plans Threaten The Free Market

Feb 28, 2017 at 14:55 | Michael McDonald

President Donald Trump has announced that the construction of the highly controversial oil pipelines must use American steel companies as their source to complete the projects. His plan, however, is…

The $60 Ceiling For Oil

Feb 28, 2017 at 14:19 | Evan Kelly

Oil prices hit the wall once again on Tuesday as traders believe that increased U.S. shale output could offset OPEC output cut gains. …

Saudi Arabia Eyes $60 Oil

Feb 28, 2017 at 12:03 | Irina Slav

Saudi Arabia wants oil prices to rise to US$60 a barrel this year – a level that would motivate new investments but will not encourage U.S. shale boomers to up…

Oil Prices Crumble As OPEC Ups Output And Exports

Feb 28, 2017 at 11:39 | Matt Smith

Crude is easing lower on this last day of February, as other sources are endorsing what we said last week - that OPEC production and exports are on the…

OPEC Lost $2 Trillion In Oil Price Slump

Feb 28, 2017 at 10:21 | Irina Slav

OPEC members lost over US$2 trillion in revenues and capital expenditure in the oil price crash, the cartel’s director general Mohammed Barkindo said, speaking to media in Nigeria. About…

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