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EIA Inventory Report Pushes Oil Prices Lower

EIA Inventory Report Pushes Oil Prices Lower

Oil prices fell somewhat on…

Hedge Funds Unsure Where Oil Prices Are Going

Hedge Funds Unsure Where Oil Prices Are Going

After a stellar January, oil…

Energy

Battery Metals Crash Despite Commodity Rally

Battery Metals Crash Despite Commodity Rally

Feb 22, 2019 at 17:15 | Editorial Dept

Friday February 22, 2019 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

Moscow And Beijing Discuss Natural Gas Megaproject

Moscow And Beijing Discuss Natural Gas Megaproject

Feb 22, 2019 at 16:53 | Vanand Meliksetian

Diplomatic relations between Moscow and Beijing have significantly improved over the past couple of decades. During the Cold War, the Soviet Union and China were on the brink of war…

The Oil Price Rally Shows No Sign Of Stopping

The Oil Price Rally Shows No Sign Of Stopping

Feb 22, 2019 at 12:23 | Tom Kool

OPEC+ is taking massive amounts of oil off the market, allowing crude prices to post yet another week of gains.  (Click to enlarge)

Rig Count Falls As US Oil Production Hits All-Time High

Rig Count Falls As US Oil Production Hits All-Time High

Feb 22, 2019 at 12:12 | Julianne Geiger

The the number of active oil and gas rigs fell in the United States this week according to Baker Hughes, despite record-breaking production for the week ending February 15. The…

Oil Hits Fresh 2019 High As Trade Deal Hopes Boost Prices

Oil Hits Fresh 2019 High As Trade Deal Hopes Boost Prices

Feb 22, 2019 at 09:34 | Tsvetana Paraskova

Oil prices rose early on Friday, heading for a second weekly increase, driven up by optimism that the U.S. and China will forge a trade deal and that OPEC’s resolve…

The Fate Of Venezuela’s President Could Be In The Hands Of A US Judge

The Fate Of Venezuela’s President Could Be In The Hands Of A US Judge

Feb 22, 2019 at 09:16 | Tsvetana Paraskova

The ongoing power struggle in Venezuela has extended to a row over who is managing its state oil firm PDVSA and its key asset, U.S. refiner Citgo Petroleum—and this could…

Oil To Rise As U.S., China Outline Trade Deal

Oil To Rise As U.S., China Outline Trade Deal

Feb 21, 2019 at 17:14 | Nick Cunningham

Oil prices are likely to jump if Trump and Xi can hash out a deal. The U.S. and China have started to sketch out the framework of a comprehensive trade…

The Oil Producer OPEC Is Overlooking

The Oil Producer OPEC Is Overlooking

Feb 21, 2019 at 17:06 | Tsvetana Paraskova

While everyone is talking about how surging U.S. crude oil production will offset a large part of the ongoing OPEC/non-OPEC production cuts, there are other oil producers not taking part…

European Oil Demand Is Shockingly Weak

European Oil Demand Is Shockingly Weak

Feb 21, 2019 at 16:22 | Nick Cunningham

One of the unexpectedly soft spots in global oil demand recently has been in Europe. To be sure, Europe was never expected to be a major driver of oil demand…

Kicking Mexico’s Addiction To U.S. Natural Gas

Kicking Mexico’s Addiction To U.S. Natural Gas

Feb 21, 2019 at 14:26 | Irina Slav

Mexico is looking for ways to reduce its overwhelming dependency on U.S. natural gas imports, which currently satisfy over 50 percent of its demand. This is the highest foreign gas…

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