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Energy / Crude Oil

Oil Could Rise Further On Stronger Asian Crude Demand

Jan 16, 2017 at 11:44 | Matt Smith

With markets closed today to witness Martin Luther King Jr. Day, prices are not surprisingly rather subdued amid quiet electronic trading. Nonetheless, fun and games will ramp up from tomorrow,…

2017 Another Year Of Excessive Volatility For Oil Prices

Jan 16, 2017 at 10:56 | Irina Slav

This year will see further volatility in oil prices despite international efforts to restore the market to balance and improve prices more consistently. This push may, however, rebalance the market…

Leaner And Meaner: Oil Majors Capitalize On Higher Crude Prices

Jan 13, 2017 at 16:15 | Tsvetana Paraskova

The recent recovery of oil prices couldn’t have come at a better time for the world’s top oil majors that have ridden the rough oil price crash with huge investment…

These Downstream Companies Are Poised For Gains This Year

Jan 13, 2017 at 15:43 | Dan Dicker

Watching the Rex Tillerson confirmation hearings, I’m wondering how his move as the head of the State department, should he be confirmed, would impact oil and gas stocks. There’s a…

OPEC: 50% Compliance To Output Deal Is ‘Enough’

Jan 13, 2017 at 10:36 | Tsvetana Paraskova

Just two weeks into the OPEC supply-cut deal and a day after Saudi Arabia signaled that it had cut more than pledged, the cartel itself does not see more than…

New Data Points To Rebound In Offshore Oil

Jan 13, 2017 at 09:42 | Dave Forest

Here’s one of the most important charts we might see in oil and gas this year. New this week from industry watchdog Wood Mackenzie — showing how many offshore…

Saudis Cut Even More: Oil Production Falls To 2 Year Low

Jan 12, 2017 at 12:10 | Damir Kaletovic

Saudi Arabia has cut oil output to its lowest level in two years, reaching below 10 million barrels per day, Saudi Energy Minister Khalid al-Falih said on Thursday, jump-starting…

The Math Doesn’t Add Up For The OPEC Deal To Work

Jan 12, 2017 at 09:28 | Todd Royal

The basic laws of supply and demand can easily cause the OPEC production cuts to not work, but there are other factors to also consider. These factors include U.S. shale…

Blockbuster Oil Deal In Argentina Could Trigger Drilling Boom

Jan 11, 2017 at 16:21 | Nick Cunningham

A blockbuster deal between the oil and gas industry, labor unions, and the Argentine government could pave the way for a flood of new investment in shale oil and gas…

EIA Sees 2017 U.S. Oil Output Rising By 110,000 Bpd

Jan 11, 2017 at 09:19 | Irina Slav

The Energy Information Administration said in its latest Short-Term Energy Outlook that crude oil production in the U.S. this year will average 9 million barrels daily, or 110,000 bpd…

Low Oil Prices Could Last As OPEC Cuts Won’t Suffice

Jan 10, 2017 at 16:32 | Arthur Berman

An OPEC production cut offers oil producers hope for higher prices in 2017. But there is a dark cloud hanging over that expectation. Global storage inventories must be substantially reduced…

Oil Oversupply Fears Return

Jan 10, 2017 at 13:24 | Matt Smith

Crude prices are once again on the defensive today as oversupply fears swirl. As the market waits with bated breath for the manifestation - or lack thereof - of OPEC…

Despite OPEC Cuts, Iraq To Boost February Oil Exports To Record High

Jan 10, 2017 at 11:17 | ZeroHedge

One month ago, we were surprised to report that while oil traders and analysts were expecting OPEC member nations to, at least initially, pretend to comply and affirm their adherence…

Russia Has Started Cutting Oil Output: Kremlin

Jan 10, 2017 at 10:02 | Irina Slav

Russia has started to cut oil production in accordance with its agreement with OPEC to aid the group’s efforts to restore the international oil market to balance, said the spokesman…

The Secrets Behind Russia’s 2016 Oil Success

Jan 09, 2017 at 15:14 | Osama Rizvi

For every one dollar reduction in the price of oil, Russia suffers a staggering two billion dollar loss in its revenue. On top of the economic sanctions slapped on Russia…

Finding Top Tier Oil & Gas Assets In 2017

Jan 09, 2017 at 15:05 | Michael McDonald

With oil prices finally showing signs of life, investors are starting to see signs of something that hasn’t been seen in years – the energy sector IPO. Since prices began…

Is A Full Recovery Possible For Iranian Oil And Gas?

Jan 06, 2017 at 17:42 | Mansour Kashfi

In January 2016, the Islamic Republic of Iran (IR) agreed to scale back its nuclear facilities in exchange for the lifting of economic sanctions. During the sanction years, it had…

Uncertainty Grows Over Whether Iraq Will Comply With OPEC Cuts

Jan 06, 2017 at 17:39 | Oil & Gas 360

Iraq may owe international oil companies compensation for lost production Less than a week into the new year, many oil market experts are beginning to wonder if OPEC will be…

North Dakota´s Oil Revenue Forecast Decreases By $1B

Jan 06, 2017 at 17:37 | Oil & Gas 360

Prior administration’s forecast held oil production flat through 2019, with price above $50 Members of the House Appropriations Committee are looking at adopting a revenue forecast that is $1.1 billion…

Oil Capped Until OPEC Brings Evidence Of Output Cuts

Jan 06, 2017 at 16:48 | Jim Hyerczyk

U.S. West Texas Intermediate crude oil finished 2016 higher in what can best be described as a tumultuous trade. After a break early in the year, the market stabilized to…

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