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Energy / Energy-General

Oil At A Crossroads Ahead Of Crucial OPEC Meeting

Oil At A Crossroads Ahead Of Crucial OPEC Meeting

Jun 15, 2018 at 16:48 | Jim Hyerczyk

August West Texas Intermediate crude oil futures are in a position to close higher for the week as investors prepare for next week’s OPEC meeting in Vienna on June 22-23.…

3 Possible Outcomes From The OPEC Meeting

3 Possible Outcomes From The OPEC Meeting

Jun 15, 2018 at 16:40 | Nick Cunningham

The OPEC meeting is a week away and based on the signals from the group’s top producers, the market is assuming that the group will increase oil production. However, the…

OPEC Back “In the Driver’s Seat”

OPEC Back “In the Driver’s Seat”

Jun 15, 2018 at 13:39 | Tom Kool

Oil markets are on edge as OPEC’s June 22 meeting in Vienna quickly approaches.  (Click to enlarge) (Click…

Rig Count Falters Amid Oil Price Correction

Rig Count Falters Amid Oil Price Correction

Jun 15, 2018 at 12:23 | Julianne Geiger

Baker Hughes reported a dip in the number of active oil and gas rigs in the United States today. Oil and gas rigs decreased by 3 rigs, according to the…

The Trillion Dollar Banking Opportunity You’ve Never Heard Of
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The Trillion Dollar Banking Opportunity You’ve Never Heard Of

Jun 15, 2018 at 11:26 | Ian Jenkins

Banking as we know it may soon be dead. Long live super-banking. Banking has a disease. It’s stuck in a time warp and inspires little trust or customer confidence, but…

Saudi Arabia: Deal To Gradually Ease Cuts Is ‘Inevitable’

Saudi Arabia: Deal To Gradually Ease Cuts Is ‘Inevitable’

Jun 14, 2018 at 13:20 | Tsvetana Paraskova

It is “inevitable” that OPEC and partners will agree next week to gradually roll back some of the production cuts that have been in place since January 2017, Saudi Arabia’s…

EV Makers Receive Little Support From Trump

EV Makers Receive Little Support From Trump

Jun 14, 2018 at 11:46 | Jon LeSage

Automakers are looking for states to support electric vehicle sales and charging infrastructure development — regardless of what President Donald Trump and EPA Administrator Scott Pruitt end up deciding to…

China’s Oil Demand Could Take A Big Hit

China’s Oil Demand Could Take A Big Hit

Jun 13, 2018 at 14:14 | Tsvetana Paraskova

China’s independent refiners—the so-called teapots—have enjoyed comfortable profit margins since they were allowed to directly import crude oil in 2015. But the good times for the teapots may be over…

Did OPEC Need To Cut Oil Output At All?

Did OPEC Need To Cut Oil Output At All?

Jun 12, 2018 at 16:19 | Irina Slav

“Global demand is 100.5 million b/d and supply is running around 99.5 million b/d. So you got 1 million b/d gap…which means something’s gotta give,” said Goldman Sachs’ head of…

Venezuela Won’t Have Enough Oil To Export By 2019

Venezuela Won’t Have Enough Oil To Export By 2019

Jun 12, 2018 at 16:19 | Robert Rapier

On May 21st President Donald Trump signed a new executive order prohibiting certain oil-related transactions with Venezuela. GlobalData, a leading data and analytics company, argues that the new sanctions are…

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