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Oil Prices Fall to 7-Week Low as Market Pressures Mount

Oil Prices Fall to 7-Week Low as Market Pressures Mount

Reduced U.S. diesel consumption and…

Energy / Energy-General

Energy Is At The Center Of Falling Productivity Growth

Sep 23, 2016 at 16:41 | Gail Tverberg

  What really causes falling productivity growth? The answer seems to be very much energy-related. Human labor by itself does not cause productivity growth. It is human labor, leveraged by…

Kuwaitis Disgruntled By Slashed Fuel Subsidies

Sep 23, 2016 at 16:16 | Oxford Business Group

The government’s recent decision to make cuts to Kuwait’s petrol subsidy system is expected to boost state coffers amid low global oil prices, despite some push-back from organised labour. In…

Is Canadian Oil Actually Subsidized?

Sep 23, 2016 at 16:05 | David Yager

  At the conclusion of the G20 conference in China this month, the assembled countries pledged yet again to end fossil fuel subsidies. An action item read the attendees would,…

Will Oil Forever Divide Iraq?

Sep 23, 2016 at 15:55 | Global Intelligence Report

  Power-sharing in Iraq Ever since the establishment of Iraq as a state, the arrangement of power-sharing within the country, on both political and economic bases, has been at the…

OPEC Sets the Stage for A Price Crash

Sep 23, 2016 at 15:39 | Editorial Dept

Friday, September 23 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…

Global Energy Advisory September 23rd 2016

Sep 23, 2016 at 15:32 | Editorial Dept

Politics, Geopolitics & Conflict • The Iraqi-U.S. coalition is advancing on Mosul, the northern Iraqi city that is one of the few remaining strongholds of Islamic State. Before the final…

Expert Commentary: Is There Still Hope For An OPEC Deal?

Sep 23, 2016 at 15:25 | SCS OTC Corp

• OPEC leadership’s discussion of its upcoming meeting dominated oil market headlines this week and helped lead a $4 rally from Monday through Thursday in WTI from $42.55 to near…

Market Update: Oil Crumbles After Saudis Pull The Plug

Sep 23, 2016 at 14:29 | Evan Kelly

Oil prices fell fast on Friday afternoon after Saudi Arabia claimed that "doesn't expect any decision" next week at OPEC’s unofficial meeting in Algiers.

Oil Plunges As Oil Rig Count Rises To Seven Month Highs

Sep 23, 2016 at 13:36 | Zainab Calcuttawala

This week Baker Hughes reported that two additional oil rigs went online in the United States, making it the fourth straight week of increased oil rigs, and 13 straight…

Crude Crashes As Saudis Kill OPEC Meeting Before It Even Started

Sep 23, 2016 at 12:00 | Matt Smith

Crude prices are selling off, aided by Saudi comments that a decision will not be forthcoming from next week's OPEC meeting in Algiers. Add to this news that the Federal…

Russia And Saudi Arabia Playing A Risky Game Ahead Of OPEC’s Meeting

Sep 22, 2016 at 15:37 | Ekaterina Pokrovskaya

Having suffered massive oil revenue shortages and budget deficits since the oil price collapse in 2014, Russia and Saudi Arabia have now agreed to cooperate on stabilizing the oil market.…

Why Oil Prices Can’t Stay Low For Much Longer

Sep 22, 2016 at 15:24 | Rakesh Upadhyay

For many oil companies, the current downturn in oil is a back-breaker, but some have adapted to the falling prices and are fighting each day to survive and benefit from…

The Natural Gas War Burning Under Syria

Sep 22, 2016 at 15:09 | James Durso

Qatar always wanted to punch above its weight. In Syria, it got the chance. In 2009, Qatar, a leading natural gas producer, approached Syria about routing its planned 1,500…

The Old Wall Street Trader Is Dead, Algo’s Now Rule The Day

Sep 22, 2016 at 14:10 | Michael McDonald

The classic Wall Street trader is dead. For decades, or even centuries, the professional investment markets were characterized by smart individuals buying and selling stocks, bonds, currencies, and commodities based…

Inventory Draws And Weaker Dollar Jolt Oil Prices

Sep 22, 2016 at 13:50 | Matt Smith

After being surprised by the voracity of the weekly oil inventory draw yesterday, oil prices have been rallying ever since. Today a move higher is being further encouraged by a…

Why Oil Markets Should Brace For OPEC Disappointment

Sep 21, 2016 at 15:20 | Nick Cunningham

There is a strong possibility that OPEC disappoints the oil markets in the coming days, offering either no production limit or a toothless agreement that may not even be finalized…

Tensions Spike As Kenya And Somalia Battle For Oil Rich Offshore Blocks

Sep 21, 2016 at 15:10 | Zainab Calcuttawala

This week, the International Court of Justice will hear a border dispute case pitting the neighboring – and generally neighborly – states of Somalia and Kenya against each other…

How To Find The Big Winners In Energy Following The Oil Bust

Sep 21, 2016 at 15:02 | Peter Tertzakian

The charts look terrible. In the ruthless court of equity markets, the verdict is clear: The energy business – whether oil, gas, coal, solar, wind, nuclear, clean-tech or no-tech –…

Elon Musk’s Hyperloop Is Heading To India

Sep 21, 2016 at 13:52 | Michael McDonald

Amidst Tesla’s recent bad press, Chief Executive Officer Elon Musk prepares for another big week of news. It has been reported that the Prime Minister of India has given Musk…

Bakken Halts Production Crash

Sep 21, 2016 at 13:45 | Ron Patterson

North Dakota has just come out with their oil production numbers for July 2016. Bakken production was up by 3,046 barrels per day while all North Dakota production…

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