Despite the global push for…
Increased domestic offtake capacity and…
Despite the recent weakness in Nearby Crude Oil on the daily chart, the weekly and monthly charts are showing quite a bit of resiliency. Both of these charts suggest the…
The standard way to make forecasts of almost anything is to look at recent trends and assume that this trend will continue, at least for the next several years. With…
Much larger than Eagle Ford and once thought to have reached peak production, new technology has brought us full circle back to the Permian Basin in Texas and New Mexico,…
Economic analysts are torn as to how important Saudi Arabia will prove to the global economy in years ahead. In the first half of 2014, the US surpassed Saudi Arabia…
Speculators versus ProfessionalsLast week’s article highlighted the crude oil futures market and the roles that supply and demand as well as the major market participants play in determining…
Unless you’ve been living under a rock, you’ve no doubt heard that the U.S. is in the middle of an oil boom. Advances in technology have enabled the recovery of…
How Much Oil Do We Import?As events in Iraq continue to unfold, we have been getting quite a few queries on just how much oil the US imports…
The U.S. has succeeded in lifting its oil production to over 8 million barrels per day, the highest levels in decades. But where exactly is all that oil coming…
Crude oil futures and oil stocks have one thing in common. They both trend well. Stocks have one advantage, they tend to have unlimited upside potential while the upside in…
On June 20, the oil tanker SCF Altai docked in Israel and offloaded oil from Kurdistan. The completion of the sale marked a huge win for the semi-autonomous region…
There is, it seems, a constant stream of bad news coming from Iraq. As the rebel forces of ISIS advance closer to the capital Baghdad, it looks increasingly unlikely that…
Geopolitical DevelopmentsThe Bulgarian government has announced it will suspend work on Russia’s South Stream pipeline amid strong opposition from the EU and the US and the looming threat…
China has been buying up oil at a record pace in order to stockpile reserves for a rainy day as part of its strategy to insulate the country from…
Depending on who's talking, lifting the longstanding limits on U.S. crude exports would be a boon to the economy and a benefit to U.S. drivers, or it would increase U.S.…
All parties with a collective interest in seeing the North Dakota oil experiment succeed need to work together because, right now, the boss at the largest stakeholder in the Bakken…
Iran's oil output is moving away from a 20-month high reached earlier this year. Nevertheless, with OPEC expecting growing demand for its crude, Iran says it's ready to make its…
OPEC Secretary-General Abdalla el-Badri said oil supplies from North America “will play an important role in the coming few years,” but he cast doubt on their sustainability over the long…
Oil prices briefly hit a three week high this week as geopolitical tension and strong demand tighten oil markets. Saudi Arabia’s Oil Minister Ali al-Naimi said on…
U.S. crude oil imports are down 23 percent since production from tight oil plays started to increase in 2008. While some industry officials and observers wonder if the U.S. should…
With reports circulating about U.S. crude oil supply near record levels, many traders have been asking “why isn’t the price going down?” The problem could be that professionals haven’t distributed…