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Energy

Shocking Photo: Nearly 30 Oil Tankers in Traffic Jam Off Iraqi Coast

Apr 07, 2016 at 11:48 | Charles Kennedy

Oil tankers are caught in a traffic jam near the Iraqi port of Basra, causing delays in loading. According to Reuters, around 30 very large…

Crude Rally Pauses After Strong Gains

Apr 07, 2016 at 09:59 | Matt Smith

Two hundred and forty-six years after the birth of William Wordsworth, and the oil prices today are wandering lower (as lonely as a cloud) after yesterday’s…

Are The Saudis And Russians Deliberately Sabotaging Doha?

Apr 06, 2016 at 15:19 | Rakesh Upadhyay

The actions and intentions of Saudi Arabia and Russia—the two largest oil-producing nations attending the Doha meeting on 17 April—have dashed all hopes of any fruitful…

Will Russian Urals Overtake Brent As The World’s Oil Benchmark?

Apr 06, 2016 at 15:04 | EconomicCalendar

The Russian Urals oil brand could soon become a new benchmark at the global markets. Trading of the brand’s export futures will begin at the end…

Is A Permanent Decline Coming For Russia?

Apr 06, 2016 at 14:59 | Nick Cunningham

The OPEC meeting in Doha is less than two weeks away, and the markets are not sure what to make of it – oil prices have…

ExxonMobil’s Secret Weapon Against Low Oil Prices

Apr 06, 2016 at 13:40 | Michael McDonald

Everyone is familiar with oil giant Exxon Mobil, so it should be no surprise that investors have kept XOM shares under pressure as oil prices hover…

DOJ Files Lawsuit Against Halliburton-Baker Hughes Merger

Apr 06, 2016 at 10:26 | Charles Kennedy

The U.S. Justice Department is seeking to block the merger of Baker Hughes and Halliburton, preventing the tie-up of the second and third largest oilfield services companies. DOJ

Oil Edges Up After Biggest Draw In U.S. Crude Stocks This Year

Apr 06, 2016 at 10:15 | Matt Smith

Today we celebrate polytetrafluoroethylene, for it is national Teflon day. Accordingly, the crude complex is refusing to stick to the script, and is rallying again amid…

Why Oil Prices Will Rise And Many Pundits Will Be Caught By Surprise

Apr 05, 2016 at 16:23 | Brad Beago

I follow oil pretty closely given our exposure. As such, I get frustrated with many press and news show accounts of the commodity. It gets worse…

How The Ocean Can Help Predict Electricity Prices

Apr 05, 2016 at 15:57 | Colin Chilcoat

What will electricity demand look like tomorrow? Next week? What about prices two months from now? For the most part, we have a good idea,…

Oil Speculators Run Out Of Reasons To Bet On Rising Prices

Apr 05, 2016 at 15:44 | Nick Cunningham

Oil prices plunged to their lowest levels in a month on April 4, falling back from recent highs to the mid-$30s per barrel. Oil traded down…

Traders Lose Faith In OPEC Orchestrated Freeze

Apr 05, 2016 at 14:10 | Evan Kelly

Oil prices have fallen to one month lows as traders are less confident that OPEC will manage to reach a production freeze.

Driverless Cars Or Electric Vehicles, Which Will Dominate The Future?

Apr 05, 2016 at 11:53 | Michael McDonald

In the wake of the public presentation of Tesla’s new Model 3, it’s worth rethinking what the future of automotive transportation might look like. Two precepts…

Oil Prices Slide On Falling Hopes For Output Freeze

Apr 05, 2016 at 10:40 | Matt Smith

It is Pharrell’s 43rd birthday, and the crude complex appears happy to edge lower once again as production freeze hopes wane. Here are six things to…

Did Italy And Malta Actually Agree To Swap Oil Rights For Refugees?

Apr 04, 2016 at 15:39 | James Burgess

As the Syrian refugee crisis reaches a critical impasse, both in terms of European security and refugee human rights, Brussels has found itself having to deny…

$120 Oil As Soon As 2018?

Apr 04, 2016 at 15:18 | Dan Dicker

Today, I’m going to try and tackle the reasoning for my ‘wild’ predictions for oil reaching triple digits by the end of 2017. While I…

Unfolding The World’s Biggest Oil Bribery Scandal

Apr 04, 2016 at 15:13 | Nick Cunningham

Last week, a sweeping investigative report published by The Huffington Post and Fairfax Media put a little known Monaco-based company, Unaoil, at the center of…

Can A Divided OPEC Agree On Anything In Doha?

Apr 04, 2016 at 15:09 | EconomicCalendar

Only two weeks remain until the fated meeting between the OPEC countries and their counterparts from outside the organization, scheduled to take place in the Qatari…

Bankruptcy Rout Looms Despite Impressive Productivity Gains In U.S. Shale

Apr 04, 2016 at 13:51 | James Hamilton

Horizontal fracturing of tight hydrocarbon-bearing formations was responsible for a phenomenal resurgence in U.S. oil production, which rose more than 4 million barrels per day from…

Saudi Arabia Tries to Slow Iran Oil Exports, Without Much Success

Apr 04, 2016 at 12:07 | Charles Kennedy

Saudi Arabia has reportedly banned Iranian oil tankers from entering its waters in an effort to slow Iran’s oil exports. The FT reports that Iranian…

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