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Energy

Strong Dollar Sends Oil Back Down

Jun 30, 2016 at 14:39 | Matt Smith

After a couple of days of rampant rallying, crude is heading lower once more amid a stronger dollar (read: a pound walloping). Hark, here are five things to…

Zombie Stocks Brought Back To Life By Lithium Boom

Jun 30, 2016 at 11:31 | Matt Slowikowski

As capital for resource companies dried up in recent years, TSX-Venture listed stocks ran out of cash and simply stopped creating value for shareholders. These illiquid companies became…

ExxonMobil Backs Carbon Tax For Climate Change

Jun 30, 2016 at 11:12 | Charles Kennedy

ExxonMobil is one of the top targets of environmental activists, pursued because of its alleged misinformation campaign on climate change over the past few decades. It may come…

The End Of Mining In The Philippines?

Jun 30, 2016 at 10:17 | Dave Forest

It is incredible that the ongoing events of the past week in the Philippines mining sector aren’t getting much press. Given that the entire future of the industry…

OPEC Needs 650,000 bpd To Avoid Global Supply Deficit

Jun 29, 2016 at 15:47 | Nick Cunningham

Oil prices rose again on Wednesday, as fears over the fallout from the Brexit continued to abate. But some potential supply outages also added positive momentum to crude…

World’s Helium Problem May Have Just Gotten Solved

Jun 29, 2016 at 15:40 | Irina Slav

There’s a global helium shortage. It’s not among the widely publicized problems of the world, but there is undoubtedly a helium deficit – the noble gas that most…

Railroads A Safe Bet Even As Oil And Coal Shipments Down

Jun 29, 2016 at 15:31 | Michael McDonald

Everyone knows it has been a rough few years to be an oil investor, and an even tougher few years to be an investor in anything related to…

Is Wall Street Right About Electric Utility Stocks?

Jun 29, 2016 at 15:21 | Leonard Hyman & William Tilles

“Electric utility stocks are overstretched.” That’s the way Wall Streeters talk. They mean, “Electric utility stock prices are too high,” which is a polite way of saying that…

$13 Billion Oilfield Services Merger Set To Move Forward

Jun 29, 2016 at 15:02 | Michael McDonald

To paraphrase Dickens, it is the best of times, it is the worst of times in the oil patch. Two major mergers in the last six months appear…

Turkey Tightens Control On Gas Cylinders to Curb Terrorism

Jun 29, 2016 at 14:23 | Irina Slav

Liquefied gas cylinders are a common household fixture in some parts of the world. They are a convenient way of getting natural or petroleum gas for cooking purposes…

Oil Marching On As Sentiment Improves

Jun 29, 2016 at 12:43 | Matt Smith

Once again, broader markets are maintaining a risk-on stance, with a falling dollar helping to usher crude prices higher. With weekly inventories bringing focus back to U.S. fundamentals…

New Drilling To Start As Oil Prices Firm Up

Jun 29, 2016 at 12:43 | Charles Kennedy

In a sign that the U.S. shale industry could spring back to life, one of the top Texas shale companies expects to grow both production and its rig…

Corruption Endemic In The Oil And Gas Industry

Jun 29, 2016 at 10:24 | Dave Forest

A major bombshell broken by the Guardian newspaper this week, shows that something may have been amiss with a 2009 ExxonMobil oil bid in Nigeria — where the…

API Claims A 3.9 Million Barrel Draw

Jun 29, 2016 at 10:06 | Irina Slav

The latest inventory report by the American Petroleum Institute injected some optimism into crude oil markets, suggesting that U.S. stockpiles fell by as much as 3.9 million…

The One Chart That Shows Why Oil Prices Have To Keep Rising

Jun 28, 2016 at 16:55 | Michael McDonald

There has been a lot of pessimism among oil investors in recent months, and indeed the bear market over the last couple of years in black gold has…

Gulf Countries React To Brexit, Impact Of EU Departure On ME Oil

Jun 28, 2016 at 16:43 | Gregory Brew

The imminent departure of Great Britain from the European Union has sent shockwaves through global financial markets. Upon learning the news of the referendum on June 23, the…

Can The Natural Gas Rally Continue?

Jun 28, 2016 at 16:05 | Rakesh Upadhyay

Natural gas prices are on a tear, and every small dip is being aggressively bought by the traders. Technically, the current rally should rise to the next resistance…

Brexit Puts North Sea Oil In Limbo

Jun 28, 2016 at 15:33 | Nick Cunningham

The UK’s decision to leave the European Union sparked turmoil in financial markets around the world at the end of last week, but stocks rebounded on Tuesday…

The Oil Price Relief Rally Has Begun

Jun 28, 2016 at 14:34 | Evan Kelly

We begin with a quick look at some of the critical figures and data in the energy markets this week, which show that oil prices have…

The Oil Price Rebound Will Be Brief – Goldman Sachs

Jun 28, 2016 at 12:55 | James Burgess

Goldman Sachs has rejected analysts’ opinions that the global oil market is recovering, noting that while it expects a “modest” deficit in the coming months based…

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