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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy / Energy-General

Kuwait: Iran May Keep Production Level If OPEC Extends Cuts

Apr 19, 2017 at 13:56 | Tsvetana Paraskova

Iran will likely be allowed to maintain its current oil production levels should OPEC decide next month to extend the output cut deal for another six months, Kuwait’s Oil Minister…

Oil Prices Edge Lower As Imports Keep Inventories Buoyed

Apr 19, 2017 at 12:39 | Matt Smith

After a lesser draw than expected to crude inventories, oil is selling off on this third Wednesday in April. As strong imports from the Middle East this week should help…

Why The Permian Doesn’t Keep OPEC Awake At Night

Apr 18, 2017 at 14:44 | David Yager

The old saying goes, “Everything’s bigger in Texas”. The latest subject of this axiom is the legendary Permian Basin. The recent headlines have been eye-popping. “The Permian Basin Keeps On…

Despite Fears, China Remains A Bullish Force For Oil

Apr 18, 2017 at 14:34 | Nick Cunningham

China is still one of the most important countries contributing to oil market bullishness, despite its slowing economy. Over the past two years, China’s state-owned oil companies – PetroChina, CNOOC…

U.S. Shale Surging, But Oil Holds Steady

Apr 18, 2017 at 14:17 | Tom Kool

Rising production in the two biggest U.S. shale basins and Saudi Arabia's newly ambiguous stance on the OPEC deal extension have resulted in oil prices falling early this week. 

Russian Tanker Owner Holds PDVSA Oil Cargo Hostage Over Debts

Apr 18, 2017 at 10:16 | Tsvetana Paraskova

Despite the fact that it managed to make the bond payment due last week, Venezuela’s PDVSA is in a precarious financial position, and regardless of the close Russia-Venezuela ties,…

Can We Expect A Natural Gas Price Spike In Australia?

Apr 18, 2017 at 10:03 | Dave Forest

U.S. natural gas prices have subsided the last few months. Dropping back to near $3 per mcf, after rising to above $3.50 in December — the highest price seen since…

Did Algos Drive The Latest Oil Price Rally?

Apr 17, 2017 at 14:48 | Brian Noble

We have seen before how machines, or more precisely the algorithmically programmed computers, are increasingly responsible for setting prices in the WTI futures pit. The algos feed on news…

Reeling From Low Oil Prices, Saudis Look To Freeze Megaprojects

Apr 17, 2017 at 12:38 | Irina Slav

Saudi Arabia will start reviewing a number of multi-billion-dollar infrastructure and development project—remnants from a better past when crude oil prices were in three-digit territory. Some of these, according…

Is Aramco IPO Behind Saudi Eagerness For OPEC Cut Extension?

Apr 14, 2017 at 12:45 | Gregory Brew

Clear signs emerged this week that the OPEC production cuts in place since November 2016 may be extended past their June 2017 deadline. On Tuesday, Saudi Arabia expressed their…

Big Oil Is Set To Disappoint Again With Q1 Results

Apr 14, 2017 at 12:45 | Irina Slav

Oil majors will start reporting financial results for the first quarter later this month, prompting the usual flurry of analyst predictions, where some are very confident that Big Oil will…

2020s To Be A Decade of Disorder For Oil

Apr 14, 2017 at 12:32 | Nick Cunningham

The 2020s could be a “decade of disorder” for the oil markets as the lack of drilling today leads to a shortfall of supply. Demand will continue to grow, year…

LNG Brings Russia And China Closer

Apr 14, 2017 at 12:24 | The Jamestown Foundation

Since 2001, Russian-Chinese relations have been largely grounded in security issues, both military and economic. The former is a shared perception of an increasingly aggressive United States and, in the…

Is A Solar Boom Coming To The Middle East?

Apr 14, 2017 at 12:24 | Global Risk Insights

On April 6th, Middle Eastern nations announced an ambitious energy project to establish an Arab Common Market for electricity. The energy ministers from 14 Arab countries signed a memorandum…

Has A Supply Deficit Already Emerged?

Apr 14, 2017 at 12:08 | Editorial Dept

Friday April 14, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

Bullish News Puts Temporary Floor Under Oil Prices

Apr 14, 2017 at 12:00 | Jim Hyerczyk

U.S. West Texas Intermediate crude oil futures posted a strong gain this week, underpinned by a number of factors. The buying was strong enough to drive the market into its…

Oil Prices Rally Amid Rising Rig Count

Apr 14, 2017 at 11:45 | Tom Kool

Oil prices have rallied back into the mid $50’s on a bout of bullish data, but a rising rig count and elevated production in the Gulf of Mexico could cap…

Can Lenin Solve Ecuador's Oil Crisis?

Apr 13, 2017 at 16:48 | Viktor Katona

100 years after the Great Russian Bolshevik Revolution, Lenin has once again seized power. Lenín Moreno, a socialist candidate and former UN Envoy on Disability and Accessibility, claimed last week’s…

China’s Electric Vehicle Market Is Unbeatable

Apr 13, 2017 at 14:42 | Jon LeSage

Ford Motor Co. just announced an ambitious electrification strategy for China. The global Mondeo sedan will see the Mondeo Energy plug-in hybrid launched there early next year, followed by an…

U.S. Oil Rig Count Hits 2 Year High

Apr 13, 2017 at 13:11 | Zainab Calcuttawala

This week’s Baker Hughes rig count has oil rigs up by 11, with a majority of the growth occurring in the Permian Basin in Texas and New Mexico. The…

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