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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Big Oil Grows Bolder in Transition Pushback

Big Oil Grows Bolder in Transition Pushback

Several big oil executives at…

Energy / Crude Oil

Is OPEC Counting Too Much On Venezuela Sanctions?

Aug 11, 2017 at 16:08 | Gregory Brew

The Organization of Petroleum Exporting Countries (OPEC) released its monthly oil market report on Thursday, and the news was enough to send WTI below $50 after…

Brazil’s Pre-Salt Extraction Costs Fall To $8 Per Barrel

Aug 11, 2017 at 16:04 | Haley Zaremba

Not too long ago Brazilian state oil company Petrobras was the most indebted oil & gas company in the world. The long-suffering company has faced dire mismanagement while being…

Little-Known Driller Dives Into Perilous Venezuelan Oil Market

Aug 11, 2017 at 16:03 | Tsvetana Paraskova

Two weeks before he held a vote to set up an assembly to re-write the constitution—further undermining democracy—Venezuelan President Nicolas Maduro hosted the signing of a contract with a small…

Could Bitcoin Provide A Hedge Against Venezuela’s Failing Oil Industry?

Aug 11, 2017 at 16:00 | Michael Kern

Protests continue to rage in Venezuela as inflation soars to unprecedented levels and the price of oil remains low. The country’s national currency is now worth less than fictional…

How To Play The Energy Market As Global Tensions Rise

Aug 11, 2017 at 15:57 | Kent Moors

Much of my earlier career in intelligence was based on a simple assumption. It was the kind of approach the “craft” shares with a number of other pursuits. One expects…

Has Oil Finally Reached A Tipping Point?

Aug 11, 2017 at 15:56 | Dan Dicker

The 2nd quarter reports from oil companies have been an eye-opener, in that they’ve confirmed to me everything I’ve been saying for months – oil companies are following a self-imposed…

Oil Rig Count Rises Despite Ballooning Shale Debt

Aug 11, 2017 at 12:25 | Julianne Geiger

The number of active oil and gas rigs in the United States fell this week by 5 rigs, but the amount of oil rigs increased as drillers in the United…

Saudi Arabia: Deeper Cuts Are Still On The Table

Aug 11, 2017 at 09:10 | Tsvetana Paraskova

OPEC and its non-OPEC partners have not closed the door to the possibility of extending the production cut agreement or even lowering production levels, Saudi Oil Minister Khalid al-Falih

Big Oil Might Be In Better Shape Than U.S. Shale

Aug 09, 2017 at 16:29 | Nick Cunningham

For much of the past three years, the oil majors have struggled to adapt to the new reality of low oil prices, while at the same time, their smaller and…

Oil Prices Slip On Strong Crude Draw, Surprise Gasoline Build

Aug 09, 2017 at 09:50 | Irina Slav

Amid stubbornly falling oil prices and growing doubts about OPEC’s ability to rein in production, the EIA reported a draw in U.S. commercial crude oil inventories of 6.5 million…

‘Nothing To See Here’ - Frackers Ignore Rising Well Decline Rates

Aug 04, 2017 at 17:04 | Nick Cunningham

The Permian basin is starting to see decline rates from shale wells accelerate, a trend that could be the result of too much drilling. Shale wells suffer from steep decline…

Iraq Races To Fill The Gap Left By The Saudis

Aug 04, 2017 at 17:04 | Zainab Calcuttawala

Iraqi oil exports topped 100 million barrels in July, but that’s still lower than the 3.93 million barrels per day rate Baghdad boasted back in May. The latest…

Eni’s Arctic Risk Could Pay Off

Aug 04, 2017 at 16:56 | Precise Consultants

Two years ago, Royal Dutch Shell gave up drilling in the Arctic. It came across a dry hole and decided the enormous risks and expense weren’t justified. Someone wasn’t listening.…

“Oil God” Andy Hall Shuts Down Main Hedge Fund

Aug 04, 2017 at 16:51 | ZeroHedge

Back in December 2014, the start of the worst oil rout since the financial crisis claimed its first victim when 113 year old Phibro, then owned by Occidental Petroleum…

Oil Prices Rise As The U.S. Rig Count Falls

Aug 04, 2017 at 12:18 | Julianne Geiger

The number of active oil rigs in the United States fell this week by 1 rig as drillers in the United States proceed more cautiously than earlier in the…

Niger Delta Legalizes Illicit Oil Refineries

Aug 04, 2017 at 10:16 | Irina Slav

The Nigerian government will make illicit refineries operating in the Niger Delta legal, and will even supply them with crude oil, the presidency announced yesterday. The legalization process will…

Is The EIA Exaggerating U.S. Oil Production?

Aug 03, 2017 at 17:18 | Nick Cunningham

Oil is back at $50 per barrel, restoring some semblance of confidence in the market. But that is just about as much as we can expect in terms of a…

Saudi Oil Minister Just Did Something He Has Never Done Before

Aug 03, 2017 at 16:23 | Zainab Calcuttawala

Gauging market sentiment before the 2018 Saudi Aramco IPO led Oil Minister Khalid al-Falih to personally meet with top hedge fund managers, according to a new report by Bloomberg.…

Did The Arab Spring Disarm OPEC?

Aug 02, 2017 at 16:20 | Nick Cunningham

OPEC is struggling with a floundering oil market, few prospects of higher oil prices, competition from U.S. shale, and dissension within its own ranks. The supply/demand situation is improving, but…

Who Should Pick Up The Tab For Abandoned Oil Wells?

Aug 02, 2017 at 14:23 | Tsvetana Paraskova

The bankruptcy of a small Canadian oil and gas company in 2015 and the following creditor claims have created a legal dispute over who should pay for abandoned wells and…

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