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Energy

Four Possible Outcomes Of The OPEC Meeting

Sep 08, 2016 at 14:48 | ZeroHedge

With oil prices surging on the 'one-off' crash in U.S. inventories (as algos run riot once again), overnight remarks from Iran, largely dashing hopes of any freeze agreement…

What’s Behind The Epic Draw In U.S. Crude Stocks?

Sep 08, 2016 at 14:40 | Matt Smith

As a humongous draw to oil inventories has wrong-footed the market, crude prices have ripped higher in response. Hark, here are five things to consider in oil markets today: 1)…

What Drove The 2016 Oil Price Rise?

Sep 08, 2016 at 14:06 | James Hamilton

The price of crude oil has had some sharp swings over the last month. But the trend since January has clearly been up.

Most Oil Industry Experts See Oil Below $60 Through 2017

Sep 08, 2016 at 11:39 | Charles Kennedy

Most top experts from the oil industry do not expect oil prices to trade beyond $60 per barrel in the next 12 months. According to a Bloomberg survey…

Biggest Draw In Crude Stocks This Century Sees Oil Prices Spike

Sep 08, 2016 at 10:47 | Zainab Calcuttawala

U.S. commercial crude oil inventories declined by 14.5 million barrels during the week ending on September 2nd, according to the Energy Information Administration’s latest report. The American Petroleum Institute…

Can An OPEC Deal Influence Oil Prices At All?

Sep 07, 2016 at 16:13 | Rakesh Upadhyay

Saudi Arabia and Russia announced their cooperation to stabilize global oil markets, and while crude oil jumped on the news, it quickly gave back more than half of…

Why Is Big Oil Backing Clinton Over Trump?

Sep 07, 2016 at 16:02 | Tsvetana Paraskova

As a general rule of thumb concerning Big Oil and heated presidential elections, the U.S. oil and gas sector routinely donates to the Republican candidates, leaving the “greener”…

The Next Sector To Recover From The Oil Price Crash

Sep 07, 2016 at 15:31 | Zainab Calcuttawala

Oilfield services, shipbuilders and other industries that rose with the pre-2014 oil price boom have had it hard. Since barrel rates fell, their previous patrons have become uninterested…

Without Direction, Oil Prices Move On Central Banks And OPEC

Sep 07, 2016 at 14:45 | Nick Cunningham

Oil price movements in September will largely be at the mercy of central banks and OPEC, with supply and demand figures not offering conclusive evidence on the trajectory…

Apache Announces Possible 3 Billion Barrel Crude Discovery In West Texas

Sep 07, 2016 at 14:01 | Zainab Calcuttawala

The Houston-based oil firm Apache announced a massive new discovery on Wednesday, which it claims could supply every refiner on the Gulf Coast of the United States for…

Gartman: ‘’Crude Not Going Above $55 For Years’’

Sep 07, 2016 at 12:50 | ZeroHedge

In mid-January, everyone's favorite market indicator Dennis Gartman, made an infamous prediction when oil was trading in the mid-$30s, when he said that oil won't hit $44 again…

Oil Under Pressure As Shell Lifts Force Majeure On Nigerian Exports

Sep 07, 2016 at 11:20 | Charles Kennedy

At least one source of Nigerian oil exports is set to come back online after Royal Dutch Shell lifted its force majeure on Bonny Light crude exports.…

Crude Seesaws Ahead Of Inventory Data

Sep 07, 2016 at 10:35 | Matt Smith

Crude is flip-flopping ahead of an exceedingly likely inventory draw to crude stocks from tomorrow's Labor Day-delayed inventory report. With a choppy U.S. dollar, crude is getting whipsawed…

An OPEC Production Freeze Could See Oil Prices Rise To $60

Sep 06, 2016 at 16:22 | Michael McDonald

Russian President Vladimir Putin is keen to reach an agreement with OPEC to freeze oil production in hopes of prices regaining strength. With the U.S. shale boom supplying…

OPEC’s Upcoming Meeting: All Talk Or Game Changing?

Sep 06, 2016 at 16:17 | Precise Consultants

Eyebrows all over the world were raised when he said, “There is no price war” – after all, anyone with even a passing interest in the oil and…

Record Earthquake Threatens Oil And Gas Industry In Oklahoma

Sep 06, 2016 at 16:15 | Nick Cunningham

A 5.6-magnitude earthquake shook Oklahoma this past weekend, enough to rank it as among one of the state’s most powerful on record. The earthquake, which took place just…

Dakota Access Pipeline Saga Turns Violent

Sep 06, 2016 at 15:56 | Zainab Calcuttawala

The fight over the fate of the 1,168-mile Dakota Access pipeline (DAPL) intensified on Saturday, when a clash between private security agents defending the construction site and Native…

Saudis To Slash $20B In Projects To Close Budget Gap

Sep 06, 2016 at 14:36 | Tsvetana Paraskova

In a bid to reduce the budget deficit that has been growing as crude prices have been falling, Saudi Arabia may cancel projects worth over US$20 billion, Bloomberg reported…

Is The Saudi-Russia Deal For Real?

Sep 06, 2016 at 14:00 | Evan Kelly

Oil prices didn’t manage to extend gains on Tuesday as markets still doubt an OPEC output freeze.

Oil Prices Edge Lower As Output Freeze Hopes Fizzle Again

Sep 06, 2016 at 10:51 | Matt Smith

After yesterday's accord between Saudi Arabia and Russia ignited an effervescent oil rally, we have now seen these hopes fizzle out once more. As the 'task force' agreement references no…

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