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Article Archive | Page 5

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Goldman Sachs: OPEC’s Influence On Oil Prices Is Dwindling

Mar 22, 2017 at 11:52

In a research note, Goldman Sachs has effectively demoted OPEC from a price setter to a mere inventory manager, with the cartel’s long-term control over international oil prices diminishing…

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How OPEC Shot Itself In The Foot

Mar 22, 2017 at 11:38

At the start of March, we showed a fascinating chart from Rystad Energy, demonstrating how dramatic the impact of technological efficiency on collapsing U.S. shale production costs has been:…

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This World-Leading Copper Supplier Just Came Back Online

Mar 22, 2017 at 11:32

The workers’ strike at the world’s largest copper mine, Chile’s Escondida, shows no signs of stopping. With unions this week rejecting a request by management for a new round…

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Crude Inventory Build Sends Oil Prices Into A Nosedive

Mar 22, 2017 at 10:01

Amid growing worry about the direction that oil prices are heading into, the Energy Information Administration reported a 5-million-barrel build in U.S. commercial oil inventories for last week, bringing…

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An OPEC Deal Extension Isn’t As Simple As It Sounds

Mar 21, 2017 at 15:55

It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by…

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Can Big Oil Survive A CO2 Crackdown?

Mar 21, 2017 at 15:54

Over the long run, the oil business is under threat. There are various arguments about why that might happen. Peak supply people argue we are running out of oil. Peak…

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Trump’s Budget: Valuing Military Over Energy

Mar 21, 2017 at 15:50

Last week President Trump unveiled his budget blueprint, which detailed savage cuts to most areas of discretionary spending while boosting defense outlays by a whopping $54 billion. Nearly all…

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Why Shell’s Oil Sands Sell Off Is Great News For Canadian Oil

Mar 21, 2017 at 15:49

There was a time when if a Canadian exploration and production (E&P) company bought out a foreign-controlled competitor, it was not only good for the country but financially beneficial because…

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Virginia Plans To Turn Abandoned Coal Mines Into Hydropower Storage

Mar 21, 2017 at 15:41

The coal industry may be dying, but the skeletons left behind in the form of abandoned mines can provide new life. The water left behind by the once industrious business…

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Oil Heads Lower As Traders Sell The Rumor

Mar 21, 2017 at 14:47

Oil prices fell to one week lows ahead of this week’s inventory data as rumors about a possible OPEC output cut extension failed to impress the markets.

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