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Energy

Contango Shrinks But Oil Meets Resistance At $46

May 13, 2016 at 16:20 | Editorial Dept

Friday, May 13, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this…

Global Energy Advisory 13th May 2016

May 13, 2016 at 16:11 | Editorial Dept

Politics, Geopolitics & Conflict • For foreign oil companies, all eyes are on Brazil—and what comes next now that President Dilma Rousseff…

Are We Nearing A Short Term Top For Oil Prices?

May 13, 2016 at 16:08 | Jim Hyerczyk

This week can best be described as a “yeah, but…” week. As in “yeah, there are wildfires in Canada helping to cut output by 1 million…

Oil On Track To Balance Later This Year

May 13, 2016 at 14:53 | Evan Kelly

When looking at this week’s key data for the oil and gas industry, we see a modest draw in U.S. crude stocks, and stagnating gasoline prices…

Holding 30% Of June Brent Crude Contracts, Is Glencore Manipulating Oil Prices?

May 13, 2016 at 14:49 | ZeroHedge

While oil bulls were delighted by Wednesday’s DOE news of an inventory drawdown refuting the prior day's API news of a major build, what was ignored…

Appreciating Dollar Caps Crude Rally Again

May 13, 2016 at 10:10 | Matt Smith

And it’s an exciting end to an eventful week in the oil market on this Friday the 13th. In fitting fashion, crude was screaming lower earlier,…

Iran Hits Saudis Where It Hurts, Offers Discounts On Asian Crude

May 12, 2016 at 16:32 | Irina Slav

Iran has introduced a discount on the June contract for its heavy crude going to Asia, just a few days after Saudi Arabia announced a…

Can Brazil’s Next President Rescue Petrobras?

May 12, 2016 at 16:21 | Nick Cunningham

Brazil’s Senate voted to approve impeachment proceedings against President Dilma Rousseff, forcing her to step down in order to stand trial. Vice President Michel Temer will…

Are Subsidies Killing US Solar Companies?

May 12, 2016 at 16:03 | Irina Slav

The oil price rout has caused a lot of headaches in the renewable industry, especially in the heavily subsidized U.S. solar sector, which is suffering some…

Energy Sector Hit With Two More Big Bankruptcies

May 12, 2016 at 15:46 | ZeroHedge

According to data compiled by Haynes and Boone, in just the first four months of 2016 there had already been double the amount of bankrupt energy debt than in all…

Where Will Halliburton And Baker Hughes Go From Here?

May 12, 2016 at 12:36 | Michael McDonald

Now that the merger between Halliburton (HAL) and Baker Hughes (BHI) is officially dead, it’s time for shareholders to begin thinking about what comes next for…

EPA Launches New Methane Rules For Oil And Gas

May 12, 2016 at 12:18 | Charles Kennedy

On Thursday, the U.S. EPA is set to unveil the final regulations on methane emissions from oil and gas wells, the first of its kind. The rules were initially…

Oil Prices Slip As Stronger Dollar Outweighs Bullish IEA Data

May 12, 2016 at 11:45 | Matt Smith

One hundred and sixty-nine years after William Clayton invented the odometer, and the oil market is trying to continue its journey higher. Despite a bullish-tilted monthly…

OPEC Is Dead, What’s Next?

May 11, 2016 at 16:04 | Irina Slav

OPEC is dead, Rosneft’s head Igor Sechin has told Reuters. In a fine example of stating the obvious – at least to those who have…

Kuwait Plans To Ramp Up Oil Production By 44% Before 2020

May 11, 2016 at 16:01 | Irina Slav

A senior Kuwait Petroleum Corp official has confirmed to media the company’s plans to increase production by 44 percent to almost 4 million barrels a…

The Real Beneficiaries Of The U.S. Export Ban

May 11, 2016 at 15:56 | Michael McDonald

Several months on from the lifting of the U.S. oil export ban, it’s becoming clear that one unexpected group had benefited considerably from the restriction –…

Could A “Brexit” Enhance British Energy Security?

May 11, 2016 at 15:53 | Nick Cunningham

The UK is only a few weeks away from a June 23 referendum that will decide whether or not it exits the European Union. British leaders…

Proved Oil Reserves Lost $840 Billion In Value

May 11, 2016 at 14:22 | Robert Rapier

I spent a lot of time in 2015 warning that at year-end we would see a huge decline in crude oil reserves. As I have explained…

Rousseff Impeachment May Breathe Life Into Petrobras

May 11, 2016 at 11:46 | Michael McDonald

Petrobras’ stock has been a disaster for investors for years. Even when virtually every other oil company on the planet was seeing their stock move higher,…

Big Oil Pulls The Plug On Arctic Oil, Relinquishes Drilling Rights

May 11, 2016 at 11:29 | Charles Kennedy

The prospect of producing oil from the U.S. Arctic looks increasingly remote as the oil industry walks away from drilling leases. After Royal Dutch Shell pulled…

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