Europe’s lack of energy security…
Refinery outages in the United…
Inventory levels are at record highs across the globe, and the OPEC price war has killed off any notion that the oil cartel will act to rescue prices. That means…
Oil futures prices are below $38 but there is a glimmer of hope in EIA’s Short-Term Energy Outlook (STEO) released today–world consumption increased in November and…
As I write, we have just received news from the meeting of OPEC oil ministers taking place in Vienna. The production cut that some were hoping…
Crude oil prices settled the week lower after OPEC announced…
Oil markets remain oversupplied and prices are hovering in the range of $40-$50 per barrel. Many traders and industry experts, however, feel that the worst is…
Oil markets will remain depressed through the fourth quarter of this year as oil storage levels continue to rise around the world. The closely watched EIA…
The horrific attacks in Paris prompted a swift response from French President Francois Hollande, as he dispatched an aircraft carrier to the Eastern Mediterranean a day after airstrikes hit the…
The attacks in Paris raised the prospect of greater geopolitical strife, as France responded with stepped up airstrikes in Syria and the West promised further action against the Islamic State.
As markets re-open after Friday’s coordinated terrorist attacks in Paris, there is a rather somber atmosphere to start the week. Economic data flow has done little to lighten the mood,…
Crude Oil Crude oil futures are expected to finish the week lower in a move solidified by the release of a bearish U.S. stockpiles report…
Oil futures prices (WTI) plunged 12.5 percent this week from $47.90 on Friday, November 3 to $41.96 yesterday morning, November 11. The main reason is that…
Is Saudi determination to continue to defend its global crude market share and to let market forces determine crude prices finally unnerving Russia in general and Rosneft CEO Igor Sechin…
Oil prices are likely to stay below $80 per barrel for another five years, according to a closely watched energy report. The International Energy Agency
Venezuela is at a political crossroads, with an all-important parliamentary election set to take place in December. Meanwhile, the Venezuelan economy continues to deteriorate as the state seeks to stave…
It’s Not That SimpleIn my previous article Why the Bakken Boomed, I discussed the shale oil boom that has had such a dramatic impact in…
After almost a year and a half of chaos, the oil market seems to be going through a period of relative calm.For most people that is good news,…
(Click to enlarge) FUNDAMENTAL ANALYSIS With the crude oil chart indicating a range bound trade, this…
A few weeks ago, the IMF said something that, although it should have been obvious, seemed to surprise quite a few people. Here’s the quote from a recently released study:
The performance of Blood & Oil, a soap opera based on the North Dakota oil boom, is not going well. The show saw its episodes trimmed by ABC amid…
A group of investment banks are becoming increasingly gloomy about the direction of oil prices in the near-term. A Wall Street Journal survey of 13…