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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy / Energy-General

Where Will U.S. Oil Production Go In 2017?

Dec 09, 2016 at 17:15 | Ron Patterson

The EIA has just released its Short-Term Energy Outlook. Some of their projections should be taken with a grain of salt because they usually change every month. Nevertheless… All…

A Real Opportunity For An Oil Price Recovery

Dec 09, 2016 at 17:11 | Dan Dicker

The OPEC production agreement, which we called correctly, has already helped hoist the profitable oil stocks we held, but what about 2017? One way I’ve looked at oil and oil…

Coal – Don’t Try To Catch A Falling Knife

Dec 09, 2016 at 17:07 | Martin Tillier

When a particular market or stocks in a particular industry have been under pressure for a while traders and investors tend to search for some good news. Maybe it is…

An OPEC Induced Supply Deficit Looms

Dec 09, 2016 at 17:06 | Editorial Dept

Friday December 9, 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…

Expert Commentary: The Long Road To Oil Market Balance

Dec 09, 2016 at 17:01 | SCS OTC Corp

• WTI has traded in a narrow range this week ($52.42/$49.61) heading into tomorrow’s meeting between Russia, Azerbaijan, Kazakhstan, Oman and Mexico which could help determine whether or not OPEC…

Oil Edges Higher As OPEC Pushes NOPEC For Output Cut

Dec 09, 2016 at 14:56 | Evan Kelly

Oil prices inched higher on Friday afternoon, holding above $50 ahead of the Non-OPEC producer meeting this Saturday.  

The OPEC Effect? U.S. Rig Count Spikes Most In 31 Months

Dec 09, 2016 at 12:42 | Julianne Geiger

The number of oil and gas rigs in the United States was up again this week, with an increase of 27. Active oil rigs in the United States increased by…

Saudi Arabia Cuts Oil Deliveries To U.S.

Dec 09, 2016 at 11:58 | Irina Slav

Saudi Arabia has informed its clients that their crude oil deliveries in January will be lower, to reflect the country’s compliance with the production cut agreed on by OPEC members…

OPEC Deal Not Enough To Draw Down Record Oil Inventories

Dec 09, 2016 at 11:16 | Tsvetana Paraskova

Even if OPEC producers’ ministers hail the cartel’s deal to cut collective supply as the beginning of oil market rebalancing and stabilization, Bloomberg News has calculated that global oil…

Japan Importing Less Crude Oil; Gives Iran, Russia Cold Shoulder

Dec 09, 2016 at 09:07 | Tsvetana Paraskova

Japan’s crude oil imports dropped to 3.055 million barrels per day in October, down by 5.6 percent from September, the Petroleum Association of Japan (PAJ) said on Friday. According…

Filling The Gap: Tomorrow’s Most Popular Oil Trade

Dec 08, 2016 at 17:04 | Rakesh Upadhyay

Credit Suisse AG recently decided to delist two very popular and risky oil exchange-traded notes (ETNs) on the exchanges beginning today, December 8, and companies are now scrambling to fill…

Did Big Oil Layoff Too Many Workers Too Quickly?

Dec 08, 2016 at 16:21 | Irina Slav

What was once a mere warning to the oil industry has now become a reality: the severe cost cuts undertaken by virtually every oil and gas business in the world…

More Federal Land Drilling: Possible, But Not Profitable

Dec 08, 2016 at 14:53 | Peter Taberner

As the United States catches its breath following the shock election victory of Donald Trump, the oil industry could be facing significant changes, including the President elects’ open door policy…

Trump’s Energy Advisor Hamm: We Are So Much Stronger Than The Saudis

Dec 08, 2016 at 12:33 | Tsvetana Paraskova

U.S. crude oil production is not expected to rise much next year from the current levels of around 8.6 million bpd, energy mogul Harold Hamm said at the S&P…

Leonardo DiCaprio Meets With Trump To Discuss Creation Of Millions Of Green Jobs

Dec 08, 2016 at 10:20 | ZeroHedge

In one of the more unexpected visits to take place to the penthouse at the Trump Tower on Wednesday, Leonardo DiCaprio and the head of his foundation met with President-elect…

The End Of The Bust? U.S. Shale Patch Could Start Hiring Soon

Dec 07, 2016 at 16:04 | Irina Slav

More than 150,000 jobs in the oil and gas sector in the U.S. have been cut since the start of the oil price crisis in mid-2014. In just the…

EIA Reports Crude Inventory Draw Amid Rising Doubts On OPEC Deal

Dec 07, 2016 at 09:43 | Irina Slav

As doubts about the effectiveness of OPEC’s production cut deal continue to rise, the EIA reported a 2.4-million-barrel fall in commercial inventories for the week to December 2. The…

Oil & Gas Stocks Soar On OPEC Deal – Can The Rally Continue?

Dec 06, 2016 at 16:20 | Zainab Calcuttawala

The markets are reacting to the Organization of Petroleum Exporting Countries’ (OPEC) planned production reduction not just in oil price spikes, but stock prices, too—giving the deal the power to…

Venezuela’s Maduro Praises The OPEC Deal, But How Good Is It Really?

Dec 06, 2016 at 15:49 | Tsvetana Paraskova

Nicolas Maduro, the Socialist president of recession-hit and hyperinflation-stifled Venezuela, was the most vocal supporter and promoter of an OPEC deal to reduce oil supply in a bid to lift…

Permian - Hottest Oil & Gas Zip Codes, Or Dangerous Bubble?

Dec 06, 2016 at 15:47 | Laura Freeman

It is a very frustrating deal market in O&G overall. Despite the collapse in oil prices from a couple years ago the deal flow is still very slow, the buyer/seller…

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