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Energy

Expert Commentary: Flood Of Imported Crude Caps Oil Prices

Jan 13, 2017 at 15:04 | SCS OTC Corp

- In recent notes we’ve cited output gains in Libya, stubbornly high Cushing inventories and OPEC skepticism as the key bearish culprits keeping a lid on an otherwise tightening crude…

Skepticism About OPEC Compliance Drags Oil Down

Jan 13, 2017 at 14:09 | Evan Kelly

Oil prices inched lower on Friday afternoon as skepticism about OPEC’s compliance with the output cut deal continues to impact oil markets.   

U.S. Oil Rig Count Falls For The First Time In 12 Weeks

Jan 13, 2017 at 12:29 | Julianne Geiger

The number of active oil and gas rigs in the United States dipped on Friday by 6 for a total of 659 active rigs, according to oilfield services provider Baker…

OPEC: 50% Compliance To Output Deal Is ‘Enough’

Jan 13, 2017 at 10:36 | Tsvetana Paraskova

Just two weeks into the OPEC supply-cut deal and a day after Saudi Arabia signaled that it had cut more than pledged, the cartel itself does not see more than…

New Data Points To Rebound In Offshore Oil

Jan 13, 2017 at 09:42 | Dave Forest

Here’s one of the most important charts we might see in oil and gas this year. New this week from industry watchdog Wood Mackenzie — showing how many offshore…

The Top 5 Places To Work In U.S. Oil And Gas

Jan 12, 2017 at 16:03 | Irina Slav

Anadarko Petroleum and Chevron have emerged as the top two employers in U.S. oil and gas, according to a survey conducted by the job site Indeed. The top five…

Oil Discoveries To Rebound From Rock Bottom

Jan 12, 2017 at 15:53 | Tsvetana Paraskova

The tough couple of years that oil companies had to go through with the oil price crash has forced many of them to slash exploration investment. Significantly reduced capital expenditure…

Four Factors Fueling Canada’s Oil Recovery

Jan 12, 2017 at 14:32 | Peter Tertzakian

For an energy veteran like me, North America’s oil industry reminds me of “That’s Life,” the classic Frank Sinatra tune. After every oil price crash I can imagine Ol’ Blue…

SpaceX’s Next Act Is A Critical One

Jan 12, 2017 at 13:47 | Michael McDonald

For investors in the next generation of energy and in the emerging next-gen aerospace field, SpaceX’s story is a useful lesson. It has been a tough three months for SpaceX.…

Saudis Cut Even More: Oil Production Falls To 2 Year Low

Jan 12, 2017 at 12:10 | Damir Kaletovic

Saudi Arabia has cut oil output to its lowest level in two years, reaching below 10 million barrels per day, Saudi Energy Minister Khalid al-Falih said on Thursday, jump-starting…

EIA: Brent Prices To Average $53 In 2017

Jan 12, 2017 at 10:56 | Tsvetana Paraskova

As a result of rising oil prices in December, the U.S. Energy Information Administration has increased its forecast for both Brent and WTI crude oil prices by $2, and…

The Math Doesn’t Add Up For The OPEC Deal To Work

Jan 12, 2017 at 09:28 | Todd Royal

The basic laws of supply and demand can easily cause the OPEC production cuts to not work, but there are other factors to also consider. These factors include U.S. shale…

Blockbuster Oil Deal In Argentina Could Trigger Drilling Boom

Jan 11, 2017 at 16:21 | Nick Cunningham

A blockbuster deal between the oil and gas industry, labor unions, and the Argentine government could pave the way for a flood of new investment in shale oil and gas…

Shale Break-Even Level Could Rise $10 In 2017

Jan 11, 2017 at 16:11 | Irina Slav

The joy for shale producers stemming from rising oil prices following the OPEC production cut agreement may soon be over as oilfield service providers join the party, raising the prices…

How Tillerson Could Jeopardize Geopolitics In Iraq

Jan 11, 2017 at 16:06 | Zainab Calcuttawala

Former oil executive Rex Tillerson’s history of politically damaging oil dealings in the Middle East could jeopardize the future of a united Iraq as he assumes the position of U.S.…

Real Innovation In The Oil Patch Is Found In Data Analytics

Jan 11, 2017 at 15:49 | Michael McDonald

Across all of business there is a lot of interest in Big Data, Business Intelligence, Predictive Analytics, and other data related fields these days. Tools in these fields are particularly…

U.S. Shale Jobs Are Coming Back

Jan 11, 2017 at 14:04 | Rakesh Upadhyay

The U.S. shale oil recovery is now gaining momentum, and for the first time since September 2014, the U.S. oil and gas extraction and support services jobs increased by 3,300…

Total Ups Its Stake In Uganda’s Oil Development

Jan 11, 2017 at 13:25 | Ronke Luke

Total increased its stake in Uganda’s oil development with the purchase of 64.71 percent of Tullow Oil’s interests in Exploration Areas 1, 1A, 2 and 3A. The agreement announced…

World Bank: Trump To Boost U.S. Economic Growth And Commodities

Jan 11, 2017 at 11:42 | Frik Els

A pillar of president-elect Trump's economic plan is fiscal stimulus in the form of tax cuts and $500 billion-plus of infrastructure spending. Trump's victory sparked a rally in the copper…

Oil Slips And Bounces Back After EIA Reports Significant Builds Across The Board

Jan 11, 2017 at 09:51 | Irina Slav

Amid growing bearish sentiment towards oil prices, the Energy Information Administration reported a build of 4.1 million barrels in crude oil inventories for the week to January 6, a…

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