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Mediterranean Oil Tensions Are Boiling Over

Jun 05, 2020 at 16:33 | Anes Alic

Under pressure in Libya--where it’s gone head-to-head with General Haftar in an ongoing battle to decide who gets to ultimately control the country’s oil revenues--and floundering in Syria,…

Oil Market Heading For Months Of Deficit

Jun 05, 2020 at 14:42 | Tsvetana Paraskova

The oil market is set for a deficit from August onwards, even after OPEC+ eases the current cuts that are up for a tentative extension through July, Rystad Energy analysts…

Oil Prices Surge As OPEC+ Nears Deal

Jun 05, 2020 at 13:39 | Tom Kool

The recent move by China to pass a national security law in Hong Kong has reignited tensions between Washington and Beijing. Those tensions are now threatening over $52 billion in…

U.S. Rig Count Crashes Below 300

Jun 05, 2020 at 12:17 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 17, falling to 284, with the total oil and…

A Strategy Shift In Energy Investing

Jun 05, 2020 at 11:53 | Editorial Dept

This morning’s U.S. employment report was, I think, the most remarkable data release I have ever seen, at least relative to expectations. Non-farm payrolls, the number of jobs in the…

Unexpectedly Strong Jobs Report Sends Oil Soaring

Jun 05, 2020 at 11:29 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are trading at their highest levels of the week on Friday and inside the price gap created on March 9 when the market…

The Big Oil Bet That Went Bad

Jun 05, 2020 at 11:27 | Editorial Dept

1. Exploding distillate glut- U.S. distillate stocks are soaring, jumping from 136 million barrels in…

Putin Furious After Major Oil Spill

Jun 05, 2020 at 11:25 | Editorial Dept

Politics, Geopolitics & Conflict - Following a massive 20,000-ton diesel oil spill last week in the Ambarnaya River, which eventually feeds into the Arctic Ocean, Russian President Vladimir Putin has…

The End Of Libya's Civil War Is In Sight

Jun 05, 2020 at 11:23 | Editorial Dept

As of Thursday, Libya’s Government of National Accord (GNA) was celebrating in the streets after claiming to have taken full control of Tripoli from General Haftar and his Libyan National…

Drilling Executive: Oil Prices Could Hit $70 This Fall

Jun 05, 2020 at 11:06 | Tsvetana Paraskova

WTI Crude prices may be set for a 90-percent jump to $70 a barrel by the fall as U.S. oil producers may have “over-cut” production, Dan Eberhart, chief executive of…

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