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Breaking News:

OPEC’s Oil Production Falls in April

Energy / Energy-General

OPEC Unfazed By Potential Supply Shortage

Apr 26, 2019 at 12:51 | Haley Zaremba

On Monday, in a decision that rocked oil market participants around the world, the Trump administration announced that they will not be renewing or extending oil waivers they had granted…

Rosneft Sees No Oil Deficit Looming As Iran Sanction Waivers End

Apr 26, 2019 at 12:51 | Tsvetana Paraskova

Russia’s biggest oil producer Rosneft doesn’t expect the end of the U.S. sanction waivers for all Iranian oil buyers to lead to a global supply deficit this quarter and next,…

What’s Behind The Gasoline Price Spike?

Apr 26, 2019 at 12:50 | Robert Rapier

According to data from the Energy Information Administration, during the first week of January this year the average retail price of gasoline was $2.24/gal. By mid-April, the price had risen…

Oil Prices Crash As OPEC Prepares To Boost Supply

Apr 26, 2019 at 12:26 | Tom Kool

Oil prices dipped on Friday as markets brace themselves for more OPEC supply following Trump’s decision not to extend the Iran sanctions waivers. …

Massive Drop In U.S. Oil Rig Count Fails To Arrest Price Slide

Apr 26, 2019 at 12:26 | Julianne Geiger

The the number of active oil and gas rigs fell sharply in the United States this week according to Baker Hughes, the second large drop in as many weeks, keeping…

Oil Falls As Markets Price In Additional Supply

Apr 26, 2019 at 12:24 | Editorial Dept

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday amid speculation that OPEC and its allies will soon raise production to offset a decline…

Geopolitical Uncertainty Shakes Oil Markets

Apr 26, 2019 at 12:21 | Editorial Dept

Politics, Geopolitics & Conflict - Following the arrest of five Algerian billionaires and members of the political elite close to former president Bouteflika, investor fears are becoming a reality. The…

An Obvious Oil Trade That Still Has Potential

Apr 26, 2019 at 12:16 | Editorial Dept

Many traders tend to overcomplicate things. They believe that because financial markets and the relationships between them are inherently complex, only complex systems and analysis should be trusted, and the…

Are Natural Gas Markets In Crisis?

Apr 26, 2019 at 12:14 | Editorial Dept

Friday April 26, 2019 1. Permian gas prices depressed (Click to enlarge)- Natural gas at the Waha Hub in the…

A Fascinating Week For M&A Activity

Apr 26, 2019 at 12:12 | Editorial Dept

With oil prices having enjoyed amazing weekly gains on the back of the OPEC production cut deal, tight markets and a string of sanctions - something’s got to give, and…

Trump’s Offshore Drilling Boom May Not Happen Before 2020

Apr 26, 2019 at 09:06 | Irina Slav

President Donald Trump is considering a delay in the introduction of a plan for the expansion of oil and gas drilling in federal waters until after the 2020 elections, Bloomberg…

Investment To Hit $1 Trillion In The World’s No.1 Energy Hub

Apr 25, 2019 at 12:47 | Tsvetana Paraskova

Countries in the Middle East and North Africa (MENA) region have a total of US$1 trillion in committed and planned investments in the energy sector over the next five years…

Oil Majors Eye New Acquisition Targets In The Permian

Apr 25, 2019 at 12:18 | Robert Rapier

Following the news that Chevron had agreed to pay a nearly 40 percent premium to acquire Anadarko Petroleum, investors quickly bid up the shares of other potential acquisition targets. As…

Trump’s Removal Of This 100-Year Old Law Is Good News For Natural Gas

Apr 25, 2019 at 11:44 | Irina Slav

The president of the United States may remove a 1920 piece of legislation that bans any non-U.S. vessels from moving any cargo between two U.S. ports. The reason: an imbalance…

The Slow Death Of Californian Oil & Gas

Apr 25, 2019 at 10:57 | Vanand Meliksetian

Entrepreneurs in California were pioneers of the American oil industry in the 19th and the beginning of the 20th century. One of the oldest still producing oil fields in the…

The Index Investors Need To Watch In This Oil Rally

Apr 25, 2019 at 09:08 | Alex Kimani

For better or for worse, oil is the lifeblood of the global economy, with the commodity being the single most important energy source. And while the developed economies are its…

Is This A Gamechanger For The Lithium Industry?

Apr 24, 2019 at 15:07 | Charles Kennedy

2018 was a terrible year for commodities, but few sectors fared as badly as lithium. The crucial battery metal, also known as “White petroleum”, struggled through a 50 percent…

Why This Rally In Oil Won’t Last

Apr 24, 2019 at 14:53 | Nick Cunningham

Oil prices took a breather mid-week after the U.S. saw a larger than expected increase in crude inventories. The market is still heading in a bullish direction, but the path…

Saudi Arabia’s Dream Of $85 Oil Is Closer Than Ever

Apr 24, 2019 at 14:10 | Tim Daiss

Things are starting to look good financially for Saudi Arabia again - very good. The de facto OPEC leader and world’s largest oil exporter said today it posted a…

Has Trump Given Up On Keeping Oil Prices Low?

Apr 24, 2019 at 12:04 | Osama Rizvi

Oil prices have rallied more than 2 percent this week after the Trump Administration canceled the waivers given to major consumers of Iranian oil - including both China and India…

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