Major banks continue to finance…
Crude oil prices ticked higher…
The oil super majors haven’t done anything terribly impressive in the past five years—a period that has seen the juniors shine in places like Iraqi Kurdistan, and even in Texas.
I wrote the following in a previous posting but there are a number of points of issue, which I shall now address. In particular, the aspect of the apparent…
I view oil through a 25-year career of daily engagement in the futures markets. It’s not the standard Wall Street view. I can’t describe how all that experience…
The 12-week crude oil rally appears to be running out of steam after reaching $98.24. Despite the close near the high last week, buyers were absent from the get-go this…
Before there were refrigerators folks kept drinks cool by putting them into clay jars that had been soaked in water. The evaporation of the water from the clay cooled the…
Exxon Mobil Corp. (NYSE: XOM), France’s Total SA and Cenovus Energy Inc. (CVE) are all actually seeking the imposition of a tax on carbon dioxide emissions in Canada. It’s not…
United States oil consumption in 2012 will be about 4.7 million barrels a day, or 20%, lower than it would have been, if the pre-2005 trend in oil consumption growth…
An unprecedented deal between Russia’s state-controlled Rosneft and Glencore (GLEN:LN)—the world’s largest oil trader—gives Rosneft much-needed cash and positions Glencore to become the world’s largest trader of Russian oil. This…
Note: Following on from last week’s Inside Investor report with Dan Dicker where he mentioned CVR Refining (up over 10% since last Friday.) We decided to spend some time looking…
Incident: The tit-for-tat conflict over Iraq’s oil resources continues with Iraqi Kurds suggesting they are in talks with “two to three major international companies” to develop oil resources claimed by…
Everyone likes a good tax break, and Alaska’s governor is courting the oil and gas, timber and mining industries with a legislative proposal designed to make the state as attractive…
In January 1995 there was a total of 1738 oil and gas rigs drilling globally (excluding the former Soviet Union (FSU)). By February 2012 that number had more than doubled…
We are only a few weeks into the New Year and already the shape of the next 11 months is starting to form. To start, the U.S. Department of Energy…
A consortium minding security issues for journalists working in hostile territory warned that credible reports revealed a threat to oil installations in Libya. Islamists based in Libya were said to…
Forget the “frontier” basins of North Africa for now, and the energy sector uncertainty in the Levant, which has been taken over by the Muslim Brotherhood, here’s a massive opportunity…
An improving global economy and stronger demand for higher risk assets helped drive crude oil futures higher this week. Although the market looked sluggish at times due to technically overbought…
A policy report from the scholars at The Brookings Institution finds that a surge in U.S. oil and natural gas production is a "bright spot" in the nation's economy. In…
While it is hard to ramp up much sympathy for petro-states, Norway and Saudi Arabia are both facing a murky 2013 as domestic production falls, pushing both nations towards some…
A few years ago, I made the observation that the best thing that could happen to mitigate against some of the potentially severe consequences of peak oil was for oil…
A US industrial boost following its ability to tap abundant shale gas reserves is provoking fears that imperilled energy-intensive European businesses will find it harder than ever to compete.