• 1 hour Nigeria Makes First Step Away From Oil
  • 13 hours Russia Approves Profit-Based Oil Tax For 2019
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Breaking News:

Nigeria Makes First Step Away From Oil

Short Bets On Oil Spike Ahead Of OPEC Meeting

Short Bets On Oil Spike Ahead Of OPEC Meeting

Short positions in Brent futures…

Energy / Oil Prices

The Boring Truth About Oil Prices

The Boring Truth About Oil Prices

Sep 13, 2017 at 16:14 | Peter Tertzakian

The outlook for 2018 oil prices is dull. A majority of pundits have now corralled their one-year forecasts into a narrow, “lower-for-longer” price band, with little disagreement. A humdrum, fifty-dollar-a-barrel…

How Will Venezuela Deal With A PDVSA Default?

How Will Venezuela Deal With A PDVSA Default?

Sep 13, 2017 at 12:47 | ZeroHedge

While debt servicing has been a government priority, declining external liquidity and a deteriorating domestic situation (three-digit hyperinflation, shortages, and a political crisis between the government and the National Assembly)…

Unknown Oil & Gas Deal Just Changed The Global Energy Balance

Unknown Oil & Gas Deal Just Changed The Global Energy Balance

Sep 12, 2017 at 09:25 | Dave Forest

One of the biggest energy stories this year has been Russia’s Rosneft buying India’s Essar Oil — giving the Russian company a firm grip on one of the world’s biggest 

Middle-East Tensions Soar After Critical Phone Call

Middle-East Tensions Soar After Critical Phone Call

Sep 11, 2017 at 17:35 | Cyril Widdershoven

One phone-call can change a geopolitical landscape. The last bilateral contact between the Emir of Qatar Tamim Bin Hamad and Saudi Crown Prince Mohammed Bin Salman last Friday is the…

Should OPEC Extend The Production Cut Deal?

Should OPEC Extend The Production Cut Deal?

Sep 11, 2017 at 13:30 | Irina Slav

Saudi Arabia’s Energy Minister Khalid al-Falih has discussed with his Venezuelan and Kazakhs counterparts the option of extending the crude oil production cut deal beyond the March 31, 2018 deadline,…

Russia’s Rosneft Expects $40 Oil In 2018

Russia’s Rosneft Expects $40 Oil In 2018

Sep 11, 2017 at 10:46 | Tsvetana Paraskova

Russia’s largest oil producer, Rosneft, expects oil prices to average between $40 and $43 per barrel next year, and is preparing for such prices, Rosneft’s CEO Igor Sechin told TV…

Can WTI Break Out Of The High $40s?

Can WTI Break Out Of The High $40s?

Sep 08, 2017 at 17:29 | Arthur Berman

The most likely case is that WTI will remain stuck in the upper $40 to lower $50 range through December 2017. Comparative inventories have fallen dramatically since mid-February yet oil…

Oil Prices Slip Amid Falling U.S. Rig Count

Oil Prices Slip Amid Falling U.S. Rig Count

Sep 08, 2017 at 12:25 | Julianne Geiger

The number of active oil and gas rigs in the United States rose this week by 1 rig. Baker Hughes Rig Count last week was largely unchanged as well,…

OPEC Fails To Cut Oil Exports Below 2016 Levels

OPEC Fails To Cut Oil Exports Below 2016 Levels

Sep 07, 2017 at 09:31 | Irina Slav

OPEC exported 25.19 million bpd of crude oil last month, the lowest since April this year, Thomson Reuters Oil Research said, but the eight-month average for the year to…

What Happens If The OPEC Deal Expires?

What Happens If The OPEC Deal Expires?

Sep 06, 2017 at 16:53 | Nick Cunningham

OPEC appears to be nervous that its production cut deal will once again fall short, and the group is already discussing the possibility of yet another extension. While the aftermath…

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