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Article Archive | Page 5

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Crude Inventory Draw Offers Sliver Of Hope For Oil Markets

Jun 21, 2017 at 09:50

With WTI slipping into a bear market, global floating oil storage at a record high for this year, and Libya getting closer to its target of 1 million barrels…

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The Most Lucrative Real Estate On The Planet

Jun 20, 2017 at 18:07

The U.S. wireless market is already mature, so giants like AT&T are looking south, where the revolution is still in the throes of profitability and billionaires are now being minted.…

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Why Is Saudi Arabia Desperate For Higher Oil Prices?

Jun 20, 2017 at 16:40

As OPEC’s most significant member and one of the largest crude oil producers in the world, Saudi Arabia typically exerts considerable power over global energy market trends. Yet for the…

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Have Natural Gas Prices Hit A Bottom?

Jun 20, 2017 at 16:24

Natural gas prices are falling, and the speculators have cut their U.S. natural gas net long positions for the fourth straight week. Does this indicate further weakness, or is this…

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Who Controls The Oil As Kurdish Independence Looms?

Jun 20, 2017 at 16:18

Kurdistan, the autonomous region of northern Iraq that is rich in oil resources and has proven an effective force against the spread of the Islamic State, has announced that it…

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Oil Majors Snatch Up Mexican Oil Blocks

Jun 20, 2017 at 15:51

Mexico hosted another oil auction on Monday, auctioning off shallow water oil and gas blocks to international companies. The auction was the latest in a series of offerings related to…

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Bank Of America: Expect $30 Oil

Jun 20, 2017 at 14:00

Oil prices hit on Tuesday their lowest levels since mid-November last year, with WTI entering a bear market, and analysts now see the price of oil sliding further down…

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Is $40 Oil On The Horizon?

Jun 20, 2017 at 13:52

Despite a busy week in oil news, prices are hovering around the mid-$40s mark as inventories remain high and production from OPEC members Libya and Nigeria ramps up.

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These New Cyber-Weapons Could Topple Power Grids

Jun 20, 2017 at 12:37

The forced shutdown of one-fifth of the Ukrainian capital’s power grid last December was caused by a new Russian cyber-weapon called CrashOverride, according to a new report by an American…

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Exxon Moves Forward With Offshore Guyana Project

Jun 20, 2017 at 11:44

Phase 1 will produce 450 MMBO ExxonMobil (ticker: XOM), Hess (ticker: HES) and CNOOC today announced FID for Phase 1 development of the Liza field in offshore Guyana. Initially discovered…

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