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Energy / Energy-General

Are Oil Prices $7 Too High?

May 29, 2017 at 14:37 | Arthur Berman

OPEC extended oil production cuts last week and oil prices plunged. OPEC’s goal was to keep a floor under current prices but the market expected the cartel to move prices…

Has Big Oil Regained Its Pre-Crash Position?

May 29, 2017 at 14:22 | Tsvetana Paraskova

The oil price crash battered the 2016 earnings of energy firms, but the usual suspects are still there in the rankings of the biggest oil and gas companies this year.…

Is Goldman Sachs Playing With Fire In Venezuela?

May 29, 2017 at 12:01 | Tsvetana Paraskova

Goldman Sachs bought last week around US$2.8 billion bonds issued by Venezuela’s embattled state oil firm PDVSA, betting that a change in the Venezuelan regime could more than double the…

OPEC Extension Leaves Markets Unimpressed

May 26, 2017 at 17:14 | Martin Tillier

Those new to financial markets, and energy trading in particular, were probably somewhat puzzled by the price action in oil futures this week following the announcement by OPEC and some…

Is China Liberalizing Its Oil And Gas Industry At The Right Time?

May 26, 2017 at 17:02 | Zainab Calcuttawala

Foreign oil companies will soon be able to invest in China’s upstream sector through joint ventures with the country’s three major fossil fuel companies, according to a new manifesto by…

Does OPEC Have An Exit Strategy?

May 26, 2017 at 17:02 | ZeroHedge

Oil bulls were unhappy with yesterday's OPEC announcement, which disappointed by adding nothing to the 9 month supply cut extension announcement which had already been leaked and largely priced in…

The Big Data Revolution In Oil Is Accelerating

May 26, 2017 at 16:42 | Irina Slav

It was about time big data entered the lives of Big Oil. Yet it’s not happening exactly as expected. Oil companies are not making a mad dash to collect and…

Texas Shows No Sign Of Slowing Production Growth

May 26, 2017 at 16:38 | Ron Patterson

(Click to enlarge)The Chart above compares several different combinations of past (vintage) data to estimate output. The dotted line is based on the…

Uzbekistan To Increase Its Refining Capacity By 50%

May 26, 2017 at 15:09 | Eurasianet

Uzbekistan revealed in late April that it had begun building a new $2.2 billion oil refinery that would produce fuel for sale domestically and abroad. Official news sources stated perfunctorily…

It’s Not Over For OPEC Just Yet

May 26, 2017 at 14:59 | Dan Dicker

OPEC extended production cuts that were originally agreed in December 2016 for another 9 months, delivering both OPEC members and Russian discipline that will last well into the Spring…

Expect Choppy Oil Markets As Markets Digest OPEC’s Decision

May 26, 2017 at 14:55 | Jim Hyerczyk

July Natural Gas Weekly Recap Natural gas prices continued this week’s price slide on Thursday after U.S. government data showed that natural gas supplies in storage rose more than expected…

Goldman: OPEC Needs To Do More To Restrain Shale Oil

May 26, 2017 at 14:48 | Irina Slav

Goldman Sachs analysts have warned that OPEC’s job is not over with the announcement of an extension to its November agreement. Now the group needs to convince markets…

Naive Hedge Funds Bet Too Big On An OPEC Cut

May 26, 2017 at 13:45 | Tom Kool

It seems that hedge funds and money managers had built up too big a bullish position before the OPEC deal, send oil prices down when the 9-month extension was announced.

Unstoppable: U.S. Adds Oil, Gas Rigs As OPEC Extends Deal

May 26, 2017 at 12:22 | Julianne Geiger

The number of active oil and gas rigs in the United States rose for the nineteenth straight week, Baker Hughes reported on Friday by 7, signaling that the US…

Trump Aims To Scrap Gulf Coast Oil Royalties

May 25, 2017 at 15:41 | Tsvetana Paraskova

In a bid to increase federal income, President Trump’s FY2018 budget plan proposes to stop sharing revenue payments from Gulf Coast offshore oil and gas to Texas, Louisiana, Alabama, and…

UAE Gains Edge In $165 Billion Caspian Oil & Gas Market

May 25, 2017 at 14:42 | Zainab Calcuttawala

The United Arab Emirates has spearheaded the Gulf Cooperation Council (GCC) initiative to increase its presence in the Caspian Sea nations—Kazakhstan, Azerbaijan and Turkmenistan - all petrostates still suffering from…

Unveiled: Venezuela, Syria’s Secret Scheme To Bypass Oil Sanctions

May 25, 2017 at 10:45 | Irina Slav

A Bloomberg investigation has uncovered a plan by Venezuela and Syria to circumvent Western sanctions on the Middle Eastern nation and ship its crude oil to Aruba to refine it…

Oil Prices Slip On OPEC Deal Disappointment

May 25, 2017 at 09:37 | Matt Smith

As OPEC's latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel's production cut deal has been extended for another nine months: it…

Will This Miracle Material End All Energy Storage Problems?

May 24, 2017 at 15:36 | Tsvetana Paraskova

It’s the thinnest material known to man—1 million times thinner than a human hair. It’s the world’s first 2D material, and it’s ultra light and transparent. It’s 200 times stronger…

Does The U.S. Still Need A Strategic Petroleum Reserve?

May 24, 2017 at 13:28 | Nick Cunningham

President Donald Trump released his official budget proposal this week, a plan that includes the sale of a significant chunk of the U.S. Strategic Petroleum Reserve. The blueprint proposes beginning…

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