Article Archive | Page 1150

Mar 13, 2017 at 17:21

Last November, OPEC orchestrated an impressive feat: corralling all (or nearly all) of its members to sign on to relatively aggressive production cut deal, and then actually convincing everyone to…

Mar 13, 2017 at 16:35

Damned if they do and damned if they don’t. This is OPEC’s precarious position after the recent fall in oil to below $50 per barrel. Oil prices will tank if…

Mar 13, 2017 at 16:27

Canada’s oil industry is facing a dilemma – three major proposed pipelines but perhaps only room enough for two of them. For years, the oil industry in Canada has been…

Mar 13, 2017 at 15:43

A problem for the U.S. shale oil and gas industry that analysts and observers have warned about for a long time has materialized: there is a shortage of workers. According…

Mar 13, 2017 at 15:39

Oil markets are looking particularly bearish this week, with WTI once again below $50, the OPEC cuts in jeopardy over Iran and Iraq ramping up production, the second U.S.…

Mar 13, 2017 at 13:40

Last week, when Saudi Arabia let it leak that the kingdom has no intention of leading OPEC toward another cut in production to accommodate the growing volumes of oil…

Mar 13, 2017 at 11:26

Nigeria could lose its exempt status in the OPEC oil production cut deal, as it restores its daily output to levels last seen before militant attacks on infrastructure in the…

Mar 13, 2017 at 10:41

And it's shaping up to be another fun week in the crude complex, with OPEC releasing its monthly oil market report on Tuesday, swiftly followed by the IEA's monthly oil…

Mar 10, 2017 at 13:31

A bearish report from the EIA, particularly the inventory data and an output forecast which predicts U.S. production rising to a level not seen since 1970, sent WTI prices plunging…

Mar 10, 2017 at 13:32

Like us humans, it seems that oil markets have two ears. Going in one ear, is the squeal of the resurgent U.S. oil industry. In the other ear, it’s loud…

Mar 10, 2017 at 13:30

Spanish oil firm Repsol SA just announced the largest onshore oil discovery in the U.S. in three decades, a 1.2 billion barrel find on Alaska’s North Slope. Repsol has…

Mar 10, 2017 at 13:29

Last Friday, news broke that the Benghazi Defense Brigades seized control of two major Libyan ports on the “Oil Crescent,” posing a real challenge to Khalifa Haftar and Russia’s grip…

Mar 10, 2017 at 13:29

Joining the ranks of former Exxon CEO, and now Secretary of State, Rex Tillerson, the chief executive of another big U.S. energy company, ConocoPhillips, is saying that the U.S. should…

Mar 10, 2017 at 13:28

Germany currently has a plan to usher in renewable energy: 100 percent of cars on the streets will be electric. However, as it stands, the plan to create the…

Mar 10, 2017 at 13:27

IEA chief sees no peak in oil demand, but slowed investment will reduce supply Global oil demand could outpace supply after 2020, according to a release from the International…

Mar 10, 2017 at 13:27

OPEC and the U.S. continue to fight for dominance in the global oil market. The battle has been recently been defined by OPEC’s production cuts, but new U.S. shale production…

Mar 10, 2017 at 13:27

After finishing 2016 up 25 percent, commodities are getting another boost from bullish investors. Investment bank Citigroup forecasts commodity prices will increase this year on strengthening demand in China…

Mar 10, 2017 at 13:25

After rising aggressively, some would argue that lithium prices have already peaked. Reuters quotes Paul Robinson, director at consultancy CRU Group saying that prices have little upside because demand…

Mar 10, 2017 at 13:25

Turkmenistan President Gurbanguly Berdymukhammedov and his government just cannot seem to get a break lately. Not that they necessarily deserve it. But all the same, Turkmenistan's last realistic hope to…

Mar 10, 2017 at 13:25

(Click to enlarge)The future output from the light tight oil (LTO) sector of the U.S. oil industry is the subject of much…