Europe’s lack of energy security…
Refinery outages in the United…
Although some US oil companies are struggling with low oil prices, a new wave of innovation is hitting the oil patch, allowing for a significant reduction in drilling costs.
A major city in Iraq fell to ISIS militants, marking another milestone in the ongoing war between the US and Iraqi governments on one side, and the extremist group on…
The oil price collapse is not over yet. It is more likely that the Brent price could fall back into the mid-$50 range than that it will continue to rise…
Despite the previous week’s potentially bearish chart pattern, July Crude Oil futures managed to trade higher most of the week. The key number which held as support was the previous…
Major oil and gas discoveries are at a 20-year low and depressed oil prices have already translated into smaller exploration budgets. That will diminish the chances of reversing this trend.
Low oil prices have provided a windfall to consumers around the world. In the United States, the second largest importer of crude (which was recently overtaken by China),…
After Iran and the P5+1 group of international mediators signed the framework for an interim agreement in Lausanne, there was a surge in reports from the international media, predicting a…
There is a tendency to think that the cost of oil is, by and large, a Middle East thing. When investors playing the stock market are chewing their nails over…
Regular readers will be aware that I am not one for overly complex technical analysis. Sometimes, however, all markets do trade based on technicals. When an obvious and well followed…
June Crude Oil futures rallied earlier this week, taking out the psychological $60.00 level in the process. The rally was triggered by a price hike by Saudi Arabia, a protest…
Oil prices have hit their highest levels in 2015, with WTI surging above $60 per barrel. Crude oil inventories in the U.S. declined for the first time since December 2014,…
The Wall Street Journal recently ran an article called, Glut of Capital and Labor Challenge Policy Makers: Global oversupply extends beyond commodities, elevating deflation risk. To me, this is…
Across the oil patch, banks are starting to close off their exposure to some of the riskiest oil drillers.A new monthly survey from the Federal Reserve finds…
E&P earnings are coming in and the impression we’re left with is that natural gas investment in Marcellus is being reduced, while oil overall appears to be incrementally ramping up…
Crude Oil OutlookJune Crude Oil futures remained firm last week as the market flirted with the psychological $60.00 price level.…
Oil prices are showing some signs of life as key indicators start pointing in a bullish direction.One of the big indicators to watch that…
Could the rising levels of debt in the oil industry contribute to destabilization in the financial system?The collapse in oil prices has forced…
Far from an existential crisis, some oil majors are viewing the collapse in oil prices as an opportunity to become stronger. By reining in spending and…
The fossil fuel divestment campaign is picking up steam. Often dismissed as unwise by oil industry proponents and criticized as a distraction even by supporters…
As we as Americans wake up to more riots, one has to wonder if all is well with things. For six months now we have closely…