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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy / Energy-General

Has OPEC Seriously Underestimated U.S. Shale Dynamics?

Jan 20, 2017 at 14:18 | Evan Kelly

Oil ended the week where it started, as rising U.S. shale production and a bearish inventory report continued to put pressure on WTI and Brent.

Oil Slides After Massive Rig Count Gain

Jan 20, 2017 at 12:42 | Julianne Geiger

The number of active oil and gas rigs in the United States increased on Friday by 35 for a total of 694 active rigs, according to oilfield services provider

Oil Prices Rip Higher On Inauguration Day

Jan 20, 2017 at 12:28 | Matt Smith

Crude is ripping higher into the weekend, as the ebb and flow of OPEC production cut expectations swing towards the bulls once more (the drop in Saudi export loadings this…

Trump’s Advisers Draft First-Day Energy Policy Changes

Jan 20, 2017 at 11:42 | Tsvetana Paraskova

Aides to Donald Trump have drafted a list of environmental policy and energy-related changes that he could sign within hours after he is sworn in as U.S. President on Friday,…

Will The Global Puppet Masters Destroy Ukraine’s Gas Transit Business

Jan 19, 2017 at 17:00 | Damir Kaletovic

Ukraine is about to lose its precious gas-transit business as its state-run gas giant struggles to function as the puppet of multiple geopolitical players and agendas, and it’s not likely…

Why Big Oil Is Unprepared For The Coming Energy War

Jan 19, 2017 at 16:47 | Peter Tertzakian

Recently, I gave a presentation on the future of energy to an audience of about 250 oil and gas professionals. Halfway through, I asked the carbon crowd to, “Raise your…

Despite OPEC Deal Oil Prices Could Fall Sharply From Here

Jan 19, 2017 at 15:38 | Nick Cunningham

The impact of the OPEC production cuts could be much more muted than many had hoped for as non-OPEC output comes roaring back in 2017. And it isn’t just from…

Efficiency Gains See Norway Increase Oil Production In 2016

Jan 19, 2017 at 15:26 | Tsvetana Paraskova

The oil price crash has been a tough ride for all producers, especially those working in higher-cost areas such as the Norwegian Continental Shelf. Although investments in Norway’s oil were…

OPEC Head: Oil Inventories Already Dropping From High Levels

Jan 19, 2017 at 13:30 | Tsvetana Paraskova

Global oil stocks have already started falling, but they need to drop by another 270 million barrels so that OPEC can say that the oil market is coming to balance,…

Oil Crashes Towards $50 Handle On Bearish EIA Data

Jan 19, 2017 at 12:44 | Matt Smith

Oil is finding some support thus far today off the back of the IEA's monthly oil market report, which pointed to a tightening market amid OPEC production cuts. Hark, here…

Oil Tanks After EIA Reports Surprise Crude, Gasoline Build

Jan 19, 2017 at 10:18 | Irina Slav

A day after the API reported a 5.04-million-barrel decline in commercial U.S. crude oil inventories, the Energy Information Administration crushed hopes of a prolonged price recovery by reporting…

What Stopped The Oil Rally Dead In Its Tracks?

Jan 19, 2017 at 09:58 | Stuart Burns

After a recovery late last year, the oil market seems to have settled with a price around $55 a barrel… at least for now. That level is not likely to…

Can Saudi Arabia Survive With Oil Below $60?

Jan 18, 2017 at 17:17 | Gregory Brew

With the OPEC production deal holding, at least for the moment, questions have now arisen over how prospects look for the cartel’s biggest producer. It’s been a strange few years…

OPEC’s December Cuts Are A Bullish Sign For Oil Markets

Jan 18, 2017 at 17:11 | Zainab Calcuttawala

The Organization of Petroleum Exporting Countries (OPEC) cut oil production by 221,000 barrels per day in the last month of 2016, bringing the bloc’s total output to 33.08 million…

The U.S. Is Shaping Up For Another Pipeline Saga

Jan 18, 2017 at 15:50 | Nick Cunningham

Incoming President Donald Trump might quickly move to resolve the massive problem that Energy Transfer Partners has on its hands in the Dakota Access Pipeline, but the company is in…

OPEC’s Production Cut: Who Will Cheat First?

Jan 18, 2017 at 14:34 | Precise Consultants

There was one significant part of last year’s OPEC deal that was absent, and it may prove to be its undoing. Just weeks into the deal and days from a…

UK Is Europe’s Last Hope For A Fracking Success

Jan 18, 2017 at 13:41 | Drilling Info

Following poor success across Europe, including Poland, Ukraine, France, the Netherlands, and Denmark, the UK now remains the last candidate province for European shale gas and oil in the near…

Oil Slides On Shale Fears, Strong Dollar

Jan 18, 2017 at 12:20 | Matt Smith

Ticker: Fun and games for the next few days have been kicked off by the release of the monthly OPEC report, with a monthly IEA and weekly EIA report to…

How The Federal Reserve Will Shape Oil Markets In 2017

Jan 17, 2017 at 15:45 | Michael McDonald

The energy sector over the next few years may look markedly different than it has over the last few years. Aside from political changes and OPEC’s rebalancing efforts, the markets…

200,000 New Energy Jobs Forecast In 2017

Jan 17, 2017 at 15:45 | Irina Slav

The latest U.S. Energy and Employment Report has forecast that the sector of energy efficiency will see a 9-percent increase in employment this year…

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