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Oil Prices Gain 2% on Tightening Supply

Article Archive | Page 1023

Huge WTI-Brent Spread Boosts U.S. Crude Exports

Dec 13, 2017 at 09:43

CNBC published an article late last week based on our ClipperData, highlighting how deliveries of U.S. crude grades into China climbed to a record in November. As U.S. crude…

EIA Reports Major Draw In Crude Inventories

Dec 13, 2017 at 09:42

Amid rising oil prices thanks to the three-week suspension of the Forties pipeline and a major inventory draw estimated by API, the Energy Information Administration injected some more optimism…

Cyberattacks: The Biggest Threat To OPEC

Dec 12, 2017 at 17:08

Oil and cybersecurity in one sentence certainly makes for a thrilling read, and there will be an increasing amount of information on the topic as the Internet of Things expands…

Exxon To Disclose The Real Risk Of Climate Change

Dec 12, 2017 at 16:55

ExxonMobil finally conceded to the multi-year campaign by shareholders and activists to disclose its risk to climate change, a notable departure after years of trying to dismiss the issue. According…

How Cryptocurrencies Are Reshaping The Oil Trade

Dec 12, 2017 at 13:57

As of right now this is just a rumor, but it makes some sense. So, let’s treat this rumor as fact for the sake of argument and see where it…

The Coal Miners That Refuse To Resurface

Dec 12, 2017 at 13:47

SHAKHTINSK, Kazakhstan -- A strike by coal miners in north-central Kazakhstan has spread to more mines as hundreds of workers are refusing to return to the surface, demanding higher…

UK Gas Prices Rise Most In 8 Years On Explosion, Outages

Dec 12, 2017 at 11:06

It has been a tough week already for those that heat their homes in Britain (and those that trade Natural Gas). Following extreme weather warnings and the forties pipeline…

Brent Pipeline Closure Confuses Oil Markets

Dec 12, 2017 at 11:05

The closure of one of the most important pipelines in the oil market sent Brent prices soaring on Monday, with one analyst claiming it was "one of the most significant…

World Bank To Cut Off Oil & Gas Funding

Dec 12, 2017 at 10:24

As part of its support to countries to meet their Paris Climate Agreement targets, the World Bank said on Tuesday that it would stop financing upstream oil and gas…

The Noose Tightens: Venezuela Struggles To Ship Oil

Dec 12, 2017 at 10:13

The picture for Venezuela grows grimmer by the day, as tankers waiting to load fuel oil from Venezuela ports grow in number as the national oil company, PDVSA, struggles to…

Why Is Canadian Oil So Cheap?

Dec 12, 2017 at 09:00

Western Canadian heavy crude’s price discount to WTI widened to the most in three years, at US$23 for the January contract and US$27 for the December contract, after Enbridge

Brent Spikes As This Major Pipeline Breaks Down

Dec 11, 2017 at 16:07

A crucial pipeline in the North Sea has been shut down due to a crack, causing Brent crude prices to spike on Monday afternoon. In fact, Ineos, the operator…

The Billionaires Betting On Space Travel

Dec 11, 2017 at 16:01

The space race is on for some of the biggest names out there. Leading technology giants like Amazon.com, SpaceX, Microsoft, Virgin Group, Google, and Facebook are all getting in on…

Russia Aims To Challenge Qatar LNG Dominance

Dec 11, 2017 at 15:51

Vladimir Putin officially launched on Friday the Yamal LNG project in the Arctic—Russia’s second LNG plant and its push to challenge the dominance of Qatar and Australia, and the…

Are NatGas Prices About To Explode?

Dec 11, 2017 at 14:05

American natural gas prices are at their lowest since February. As I write this, Henry Hub (the primary confluence of pipelines in northern Louisiana at which the NYSE daily futures…

Panama Canal Can’t Handle U.S. LNG Boom

Dec 11, 2017 at 13:59

The International Energy Agency recently predicted that the United States could become the world’s top LNG exporter within ten years. This prediction, however, is far from a certain one. The…

Saudis To Slash Oil Exports To Asia By 100,000 Bpd

Dec 11, 2017 at 13:45

Saudi Arabia will cut its crude oil exports to Asia by more than 100,000 bpd in January compared to December, while keeping its shipments to Europe and the U.S.…

Will Libya Be First To Ditch The OPEC Production Deal?

Dec 11, 2017 at 11:57

Just two weeks after it pledged to cap its crude oil production at the level of 1 million barrels daily, Libya has sent a signal that it actually has…

OilCoin: The World’s First Compliant Cryptocurrency

Dec 11, 2017 at 10:52

A team of banking and technology managers and former U.S. regulatory commissioners said on Monday that they are launching the world’s first regulatory compliant cryptocurrency backed by a physical…

Kuwaiti Oil Minister: OPEC Cuts May End Earlier Than Planned

Dec 11, 2017 at 09:21

To keep the air of mystery, or whatever remains of it after the November 30 Vienna Club meeting, Kuwait’s Oil Minister Issam al Marzouq yesterday said the cuts may end…

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