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U.S. Drilling Activity Continues to Drop Off

U.S. Drilling Activity Continues to Drop Off

The total number of active…

U.S. Drilling Activity Inches Up

U.S. Drilling Activity Inches Up

The total number of active…

Energy / Energy-General

Shell Unveils New Strategy: ‘Leaner and Deeper’

Jun 08, 2016 at 15:32 | Irina Slav

The soon-to-be leaner Shell is set to reduce its overall geographic footprint and focus on going deeper, instead of farther. Shell’s chief executive Ben van Beurden outlined…

EIA Projects An Increase In Global Oil Supply

Jun 08, 2016 at 15:06 | Ron Patterson

The EIA’s Short Term Energy Outlook is out. The data is in million barrels per day.…

How Hard Did The Oil Crash Hit Canadian Banks?

Jun 08, 2016 at 13:07 | Soberlook.com

With the release of Canadian banks’ second-quarter results, investors are beginning to measure the impact of the oil price collapse on the domestic financial industry. Widespread are the…

An Oil Price Rebound Is Not Enough For The Bakken

Jun 07, 2016 at 16:28 | Irina Slav

At this point, Bakken barely remembers what a drill bit looks like, and the shale boom that once dug at its landscape is now a fleeting memory. Almost…

Is The Oil Rally Now Set To Continue?

Jun 07, 2016 at 13:36 | Evan Kelly

This week’s key data from the oil and gas industry shows that outages in Nigeria and Canada, as well as a weakening dollar, have seen oil prices move past the…

Oil Prices Stimulated By Fed’s Inaction

Jun 07, 2016 at 11:01 | Matt Smith

Five hundred and twenty-two years after the Treaty of Tordesillas was signed, dividing Spain and Portugal, and crude is also in new territory today. As the gruesome twosome…

Saudi Cabinet Green Lights $141B Oil Diversification Plan

Jun 07, 2016 at 09:28 | Lincoln Brown

Late Monday, the Saudi Arabian cabinet gave its approval to the National Transformation Program, a plan aimed at diversifying the kingdom’s economy and steering it away from…

Permian Springs To Life With $50 Oil

Jun 06, 2016 at 16:12 | Irina Slav

Last week saw the first significant increase in the number of active drilling rigs in the U.S. since the start of this year, suggesting that optimism is…

Norway Set To Ban Fossil Fuel Cars In 2025

Jun 06, 2016 at 16:01 | Michael McDonald

Tiny oil rich Norway might be the last country one would expect to give a huge boost to Tesla, yet it appears that the wealthy Nordic nation is…

Why This Mega NatGas Project Might Not Go To The Oil Majors

Jun 06, 2016 at 15:53 | Dave Forest

The upcoming Cyprus bid round may be one of the best opportunities of the year — to build a new oil and gas empire. When the tiny Mediterranean…

Saudi Authorities Panic As Speculators Drive Currency Down

Jun 06, 2016 at 15:07 | ZeroHedge

With Saudi Riyal forwards plunging back below 3.81, dramatically weaker than the current peg, Bloomberg reports that Saudi authorities are cracking down on currency traders as speculation…

Oil Up As Global Outages Seriously Impact Crude Supplies

Jun 06, 2016 at 10:41 | Matt Smith

One hundred and thirty-four years after H.W. Seely patented he first electric iron, and the crude complex is unable to get rid of the wrinkles from supply concerns.…

Does Iran Have The Upper Hand In OPEC Oil War

Jun 03, 2016 at 17:32 | Rakesh Upadhyay

Traditional rivals, Saudi Arabia and Iran, continue to fight to prove their supremacy in OPEC. Neither gives up an opportunity to hurt the other, whenever and wherever they…

How Banks Contained The Oil Crash

Jun 03, 2016 at 17:21 | Gregory Brew

Low energy prices have hit the American energy sector hard, with mounting debt and low profits leading to higher rates of loan delinquency and bankruptcies among oil and…

Eagle Ford Halts Decline As Texas Oil Production Spikes

Jun 03, 2016 at 16:59 | Ron Patterson

Dean has provided me with his latest update for Texas Oil and Natural Gas production. Texas C+C output has increased slightly over the first 3 months of 2016.

Oil May Not Be Ready To Breach $50

Jun 03, 2016 at 16:35 | Editorial Dept

Friday, June 3, 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…

Global Energy Advisory June 3rd 2016

Jun 03, 2016 at 16:26 | Editorial Dept

Politics, Geopolitics & Conflict After Turkey’s infamous downing of a Russia jet at the height of the Syrian conflict, Russia flooded the news networks with ‘evidence’…

Fundamentals Don’t Support Oil’s Breakout… Yet!

Jun 03, 2016 at 16:21 | Jim Hyerczyk

July crude oil futures are in the process of posting an inside move on the weekly chart. To non-chart watchers, it means the market failed to produce a…

Why OPEC’s Inaction Didn’t Harm Oil Markets

Jun 03, 2016 at 16:02 | Evan Kelly

In this week’s key data for the oil and gas industry, we continue to see a decline in U.S. crude inventories and gasoline stocks while U.S. production keeps on following…

Dollar Weakness Fails To Stimulate Oil Prices

Jun 03, 2016 at 11:40 | Matt Smith

Seventy-four years after the birth of Curtis Mayfield, and oil prices are struggling to move on up, despite a wilting dollar due to a shocker of a U.S. jobs report.…

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