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Energy

Oil Inches Higher In Spite Of EIA Reported Inventory Builds

Nov 16, 2016 at 09:59 | Irina Slav

After the API yesterday reported a 3.65-million-barrel increase in crude oil inventories and WTI remained relatively stable, the EIA has thrown in an official build/decline in inventories sure to…

The U.S. Just Became A Net Exporter Of Natural Gas

Nov 16, 2016 at 09:40 | Dave Forest

America’s energy scene has been in massive flux since the “shale miracle” broke in 2010. And these past weeks, the U.S. oil and gas industry set a milestone. Doing something…

Saudi Arabia Issues Warning To Trump: Don’t Stop Saudi Oil Imports

Nov 15, 2016 at 17:01 | Zainab Calcuttawala

President-elect Donald Trump jeopardizes the global economy through his promises to block Middle East oil imports for the purpose of creating an energy independent United States, according to petrostate…

Low Oil Prices May Force An OPEC Deal

Nov 15, 2016 at 16:33 | Nick Cunningham

Oil prices plunged to three-month lows on Monday on market speculation that OPEC would not be able to follow through on its pledge to cut production at its Nov. 30…

Oil Guru Sees OPEC Dissolve If Deal Fails

Nov 15, 2016 at 16:15 | Irina Slav

The nearer the OPEC November 30 deadline draws, the more critical its decision gets. In fact, it may well be a case of life or death for the once-reigning oil…

Saudi Arabia And Russia To Meet Ahead Of OPEC Meeting

Nov 15, 2016 at 15:36 | Tsvetana Paraskova

Saudi Arabia’s Energy Minister Khalid al-Falih and his Russian counterpart Alexander Novak are said to be heading to Qatar later this week for an unscheduled meeting, according to industry sources…

Can Trump End The War On Coal?

Nov 15, 2016 at 15:21 | Leonard Hyman & William Tilles

The “war” on coal is, to us, about as real as the "war" on Christmas. It’s an artifact of political speech which, by its nature, does little to discourage exaggeration.…

Oil Prices Volatile Ahead of OPEC Meeting

Nov 15, 2016 at 15:04 | Evan Kelly

Oil prices rallied 6 percent on Tuesday after hitting a 3-month low on Monday. (Click to enlarge)

Oil Rallies On Renewed OPEC Cut Hopes

Nov 15, 2016 at 12:59 | Matt Smith

After a strong sell-off in recent days, option expiry combines with OPEC cut expectations to emphatically rally prices on this third Tuesday in November. Hark, here are five things to…

Can Trump Send Oil Prices Soaring?

Nov 15, 2016 at 10:30 | ZeroHedge

In its latest monthly oil production update, OPEC reported that its crude oil output increased by another 240,000 barrels a day in October to 33.64 million…

This Is What It Will Take To Seal The OPEC Deal

Nov 15, 2016 at 09:50 | Julianne Geiger

An anonymous OPEC delegate has just laid out the four fundamental must-haves for sealing the OPEC deal—revealing that the path that lies ahead for the OPEC deal is even harder…

Is India Seriously Considering A Gold Import Ban?

Nov 15, 2016 at 09:40 | Dave Forest

It's been a wild year for India's gold importers. With the government moving on a variety of initiatives to reduce shipments into the country -- resulting in a 59% fall…

Wall Or No Wall: Trump Needs The Mexican Oil Industry

Nov 14, 2016 at 16:36 | Irina Slav

Two of Donald Trump’s main pledges during the presidential race were building a wall along the border with Mexico, and making the U.S. energy-independent. Now that the election is over,…

Iran Surprises OPEC With A Further 250,000 Bpd Increase

Nov 14, 2016 at 16:18 | Michael McDonald

President of Iran, Hassan Rouhani, was poised to announce on Sunday that the nation has increased oil production by 250,000 barrels per day. This was accomplished through the creation…

Can Trump Derail The EV Revolution?

Nov 14, 2016 at 15:05 | Nick Cunningham

The day after the November 8th U.S. presidential election, the stock prices for electric car maker Tesla plunged 5 percent. Solar and wind stocks also fell, while the share prices…

The Catastrophic Consequences Of Peak Oil Demand

Nov 14, 2016 at 15:05 | Zainab Calcuttawala

With OPEC’s 2016 World Oil Outlook now grimly forecasting that peak oil demand could become a reality in just over a decade, and natural gas and renewables chomping at…

Chinese Oil Production Collapses To 7-Year Low

Nov 14, 2016 at 14:57 | Oil & Gas 360

Uncertainty over oil prices is hurting Chinese oil production Daily oil production in China – the world’s second-largest crude consumer after the United States – fell to a seven-year low…

Energy On Mars: What Are The Challenges?

Nov 14, 2016 at 14:14 | Michael McDonald

It’s starting to look like people may go to Mars in our lifetimes. Credit is due to Elon Musk for bringing the concept to the forefront of public discussion, but…

Oil Prices Tumble As Dollar Reaches One Year High

Nov 14, 2016 at 12:03 | Matt Smith

As the U.S. dollar pushes on to the highest level in a year, crude is correspondingly getting crushed today. While some may suspect the oil sell-off is due to a…

Iran Nears Pre-Sanction Levels, Starts Pumping Oil At 3 New Fields

Nov 14, 2016 at 10:14 | Irina Slav

Three new oilfields in Iran were put in production mode this weekend at an official ceremony, adding more than 220,000 bpd to the country’s total output. The fields are…

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