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Oil Prices Gain 2% on Tightening Supply

Article Archive | Page 1098

Global Energy Advisory - 16th June 2017

Jun 16, 2017 at 16:37

Libya is getting closer to realizing its goal of boosting crude oil production to 1 million barrels per day after it struck an agreement with German Wintershall that led to…

Natural Gas Recovers As Oil Bulls Hope For A Short Covering Rally

Jun 16, 2017 at 16:32

Weekly September Natural Gas Recap September natural gas futures jumped over 4 percent on Thursday after a government report showed a smaller-than-expected inventory increase. The rally caught the mostly short…

Can Oil Come Back From Its Longest Losing Streak In Years?

Jun 16, 2017 at 13:59

Oil prices recovered somewhat in Friday’s trading session as markets reacted stoically on another rise in the U.S. rig count. (Click to enlarge)

No Respite For Oil Prices As U.S. Rig Count Gains, Canada Adds 27 Rigs

Jun 16, 2017 at 12:23

The number of active oil and gas rigs in the United States rose again this week by 6—making 22 weeks of gains, continuing the longest growth streak in oil…

Are Hedge Funds Growing Weary Of The Permian?

Jun 16, 2017 at 11:24

Eight hedge funds have pulled out more than US$400 million in positions in ten big shale oil and gas companies active in the Permian, Reuters reported, as the financial…

Oil Prices Up, Still Poised For Longest Weekly Losing Streak Since 2015

Jun 16, 2017 at 09:14

After oil prices hit the lowest in seven months earlier this week, they were tentatively rising early on Friday, but were still on course to post the fourth consecutive week…

Yemen War Threatens Crucial Oil Chokepoint

Jun 15, 2017 at 16:56

The Bab al-Mandan strait, which facilitates the transfer of 4 million barrels of oil to Middle Eastern markets everyday, has become increasingly contentious over the past few weeks as…

Iraq Dethrones Saudi Arabia As India’s No.1 Oil Supplier

Jun 15, 2017 at 16:51

Iraq has been India’s largest supplier of crude oil for the last three months, shipping data from Bloomberg has revealed. This means that OPEC’s number-two has dethroned the cartel’s…

Solar And Wind Revolution Happening Much Faster Than Expected

Jun 15, 2017 at 16:45

The clean energy revolution is unfolding even faster than previously thought, which will have massive ramifications not just for the solar and wind industry, but also for the fading fortunes…

Is China Inflating Its EV Sales?

Jun 15, 2017 at 15:01

While China is being applauded as the world’s leading market for battery electric and plug-in hybrid vehicle sales, automakers are becoming frustrated over how to actually carry out a profitable…

Big Oil Opposes Trump’s Budget Plans

Jun 15, 2017 at 14:48

In its recent 2018 budget, the Trump Administration included a huge energy announcement. While it went mostly under the radar, the budget included a proposal to sell half of the…

How A $200,000 Well Could Drastically Change The Oil Industry

Jun 15, 2017 at 13:08

Technological upheavals in the oil sector will make it possible for mini-producers to market crude profitably, creating new competition for bloated fossil fuel companies accustomed to benefitting from their largesse.…

Why The United States Rules Oil Prices... Not OPEC

Jun 15, 2017 at 11:52

There’s no end in sight to slumping oil prices - good news for consumers but a dire development for major oil producers like Saudi Arabia and Russia. And now, rising…

Did This Backroom Deal Just Bust OPEC’s Control On Oil Prices?

Jun 15, 2017 at 09:52

Libya has been one of the biggest x-factors in the global crude markets the past year. With on-again, off-again production in this key nation alternately supporting and suppressing prices. But…

Oil Prices Fall As IEA Points At Poor Fundamentals

Jun 14, 2017 at 15:34

Oil slumped again on Wednesday on a downbeat assessment from the IEA regarding the health of the oil market. After posting some relatively optimistic projections for the “rebalancing” process in…

Shale Efficiency Has Peaked… For Now

Jun 14, 2017 at 15:28

Learning takes time and effort. But a good education pays off. North America’s oil industry has been in school for the past three years, studying how to become more productive…

OPEC Members Pursue Own Agenda As Glut Persists

Jun 14, 2017 at 15:20

Amid reports of inventory increases, further surges in future non-OPEC supply and prices lying stagnant in the $40s, it’s becoming clear that the OPEC deal to extend production cuts in…

How The Qatar Crisis Is Shaping The Future Of The Region

Jun 14, 2017 at 15:13

GCC-member Qatar has been confronted by a concerted diplomatic and economic effort from its former Arab allies, led by Saudi Arabia, UAE, and non-GCC member, Egypt. The official cause of…

The Fourth Industrial Revolution Is Fueled By Oil

Jun 14, 2017 at 14:24

Artificial intelligence is already here, with algorithms replacing traders on Wall Street and tanker watchers in ports. Robots are here, too, drilling wells and cleaning pipelines, assembling cars, and performing…

Big Oil's Pivot To Renewables Has Begun

Jun 14, 2017 at 13:52

The prospect of peak oil demand has emerged as an increasingly possible reality, acknowledged even by some oil industry executives themselves. If and when oil demand peaks – whether its…

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