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Energy / Energy-General

Expert Commentary: The OPEC Oil Rally Is Over

Oct 28, 2016 at 14:10 | SCS OTC Corp

• Oil moved in a narrow $49-$51 range early this week before settling near $49.70 Thursday afternoon. On the bearish side, Russia and Iraq offered uncooperative sound bites regarding production…

Oil Markets Don’t Buy The OPEC Deal Just Yet

Oct 28, 2016 at 14:03 | Evan Kelly

We begin with a look at the key figures in the energy market this week, with oil prices falling on Friday morning as a result of OPEC infighting and traders…

Oil Prices See Biggest Weekly Loss In Six Weeks

Oct 28, 2016 at 12:57 | Matt Smith

Despite a weaker dollar, oil prices are limping lower into the weekend, set for a first weekly decline in six. Next week we get a new month, and an onslaught…

U.S. Oil Rig Count Falls For The First Time In 4 Months

Oct 28, 2016 at 12:25 | Julianne Geiger

This week’s Baker Hughes report shows a small two-rig decline in the United States oil count, ending what was 17 straight weeks of no-decline in the active rig figure,…

Exxon Books 38% Lower Earnings In Q3, Blames Refining Margins

Oct 28, 2016 at 09:39 | Irina Slav

ExxonMobil reported earnings of US$2.65 billion for the third quarter of the year, or US$0.63 per share, largely in line with analyst expectations. The positive result reaffirmed the company’s…

Will U.S. Oil Exports Help Restore Its Waning Geopolitical Influence?

Oct 27, 2016 at 16:28 | Tsvetana Paraskova

Since the U.S. lifted its restrictions on crude oil exports in December 2015, a dozen new countries have joined its long-term export partner Canada, which had been exempt from these…

Will Electric Cars Be Cost Competitive By 2020?

Oct 27, 2016 at 16:17 | Michael McDonald

The energy market is constantly transforming and advancing the way we use everyday products. Very soon, the internal combustion engines we’ve been accustomed to for over 100 years, may…

Post-ISIS Mosul Awaits Russia vs. Turkey Stand-Off

Oct 27, 2016 at 15:29 | Zainab Calcuttawala

In early 2015, the United States’ campaign against the Islamic State’s oil resources proved to be ineffective, with the terrorist group recovering quickly from strikes meant to disable its…

Iran’s Crude Exports To Fall Of A Cliff In November

Oct 27, 2016 at 13:15 | Tsvetana Paraskova

A typically low seasonal demand in Europe will lead to Iran exporting 1.89 million bpd of crude oil next month, the lowest level since July, Reuters reported on Thursday,…

Oil Prices Rally On Saudi Rhetoric

Oct 27, 2016 at 11:17 | Matt Smith

Wax on, wax off; oil prices are rallying after selling off for the last three days, egged on by yesterday's supportive inventory report and the ebb and flow of OPEC…

Tesla Q3 Reports Modest Gain On Credits, Faces Tough Road Ahead

Oct 27, 2016 at 09:07 | Irina Slav

Contrary to consensus analyst expectations, Tesla has turned in its second-ever quarterly profit, for July to September, boasting that Q4 would also be in the black—but some analysts remain skeptical…

Bankruptcies In Oilfield Services Are Accelerating

Oct 26, 2016 at 15:59 | Irina Slav

Clouds have been clearing for oil producers in the U.S. oil patch, but it looks like things are a bit different in oil field services. In fact, they’re quite a…

Is Nevada Sitting On One Of The Biggest Undiscovered Oil Fields?

Oct 26, 2016 at 15:58 | Alan Chamberlain

Most of the giant oil fields on earth, ''elephants'' are deposited in passive margin shelves like the Paleozoic passive margin shelf of the Great Basin of western Utah and eastern Nevada. These…

Houston Oil and Gas: Cuts and Rehires Indefinitely Frozen

Oct 26, 2016 at 13:41 | Zainab Calcuttawala

Despite indications that the Houston hemorrhage of oil and gas jobs has slowed down, the two-year old wave of advances in drilling and extraction technologies—pioneered by now-jobless engineers—will prevent rehiring…

Venezuelan Minister Reveals Non-OPEC Lineup For Output Cut Discussion

Oct 26, 2016 at 09:33 | Irina Slav

OPEC has sent invitations to 12 producing countries that are not members of the organization, to discuss market rebalancing measures a day before OPEC’s official meeting on November 30. The…

Can Saudi Arabia Scramble Out Of The Pit It Dug for Itself?

Oct 25, 2016 at 16:50 | Irina Slav

Major changes are brewing in Saudi Arabia, and there is no way to stop them if the kingdom’s economy is to survive the oil price rout. This is what has…

Iraq Threatens To Sink OPEC Deal

Oct 25, 2016 at 15:27 | Nick Cunningham

Oil prices dropped more than 1 percent on Tuesday as waning expectations of an OPEC deal weighed on the market. Iraq insisted on Sunday that it be allowed to…

Shipping Industry Faces Uphill Battle Against New Climate Regulations

Oct 25, 2016 at 15:24 | Gregory Brew

The shipping industry, currently in the midst of an over-capacity crisis that has toppled at least one major international shipping firm, must now come to grips with a new demand…

Why The Peak Oil Argument Refuses To Die

Oct 25, 2016 at 15:12 | Bradley Parkes

The Peak Oil argument refuses to die. Today it has morphed into the Peak Conventional Oil argument. There are parts of the argument I agree with such as any…

Crude Tests $50 As OPEC Deal Seems Unlikely

Oct 25, 2016 at 14:48 | Evan Kelly

Oil prices are testing the $50 mark as uncertainty about the OPEC deal impacts oil markets. (Click to enlarge)

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