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Energy

Glut Worsens as U.S. Oil Storage Levels Rise Again

Feb 24, 2016 at 12:39 | Charles Kennedy

Oil prices soured after Tuesday’s comments from Saudi Arabia’s oil minister Ali al-Naimi, who essentially ruled out the possibility of an OPEC production cut. The oil…

35% Of Public Oil Companies Could Face Bankruptcy

Feb 24, 2016 at 11:57 | Irina Slav

More than one-third of public oil companies globally face bankruptcy, according to a new Deloitte report that paints a fairly gloomy picture of the U.S. shale…

Oil Price Rally Comes Undone As U.S. Crude Inventories Build

Feb 24, 2016 at 09:44 | Matt Smith

One hundred and fifty-nine years after the first shipment of perforated postage stamps was received by the U.S. Government, and the crude complex is posting a…

Electric Car War Sends Lithium Prices Sky High

Feb 23, 2016 at 17:18 | Simon Harlow

With lithium prices skyrocketing beyond wildest expectations, talk heating up about acquisitions and mergers in this space and a fast-brewing war among electric car rivals, it’s…

Gulf States Not Willing To Cut Production Despite Asset Depletion

Feb 23, 2016 at 16:02 | Charles Kennedy

The oil exporting countries of the Gulf Cooperation Council (GCC) are likely to report twin deficits due to the downturn in oil prices and a…

Wall Street Won’t Give Up On Its Energy Bets

Feb 23, 2016 at 16:00 | Nick Cunningham

The oil and gas industry is suffering through its worst cycle in a generation, with most companies losing money at today’s prices. Debt is piling up…

Is Oil Pushing Down The Economy, Or The Other Way Around?

Feb 23, 2016 at 15:56 | David Louton

Conventional wisdom has long held that when oil prices drop, consumers experience an increase in discretionary income while corporations experience a boost in profit margins. At…

Rudderless OPEC Doesn’t Know How To Respond To U.S. Shale

Feb 23, 2016 at 14:16 | Evan Kelly

We begin by taking a quick look at some of the critical figures and data in the energy markets this week. The key market movers will…

This Is What Will Cause A Lasting Oil Price Rally

Feb 23, 2016 at 11:26 | Demostenes Floros

There are many players that may influence the trend in crude oil prices. From the financial markets - suffering from a grueling volatility, to the production…

Saudi Oil Minister Says Oil Production Cut “Not Going To Happen”

Feb 23, 2016 at 10:58 | Charles Kennedy

Saudi Arabia’s oil minister spoke in Houston at the IHS CERAWeek conference, where he poured cold water on the prospect of a production cut. Saudi oil…

Oil Prices Fall Again As Iran Fails To Join The Freeze

Feb 23, 2016 at 10:15 | Matt Smith

One hundred and twenty years after the Tootsie Roll was introduced by Leo Hirshfield, and markets are coming unstuck after yesterday’s sugar high. The April contract…

Who Will Be Left Standing At The End Of The Oil War

Feb 22, 2016 at 15:32 | Charles Kennedy

This is a financial cold war—nothing more, nothing less. While there are billions of reasons to cut output, and every major producing country is reeling from…

Natural Gas Prices Are Unsustainably Low

Feb 22, 2016 at 15:15 | Arthur Berman

Every week, the EIA proclaims a new record for natural gas production. But their own forecasts show that the U.S. will be short on supply by…

Shale Set To Decline Substantially This Year

Feb 22, 2016 at 15:14 | James Stafford

U.S. shale has weathered the oil crash better than many expected, but the stubborn persistence of low prices through 2016 could amount to the “straw breaking…

Is This The Best Moment To Get Into Oil?

Feb 22, 2016 at 15:02 | Michael McDonald

The billion dollar question for investors these days is what to do about oil stocks. Analysts and traders diverge on their views over the future of…

Texas Oil Production Remains Resilient In Light Of Low Oil Prices

Feb 22, 2016 at 13:21 | Ron Patterson

The Texas RRC Oil and Gas Production Data is out. There appeared to be no decline in December production and may have even been a…

ExxonMobil’s New Reserves Fall Short For First Time In 22 Years

Feb 22, 2016 at 11:00 | Charles Kennedy

For the first time in over two decades, ExxonMobil failed to replace the oil and gas that it pumped in a year. ExxonMobil reported on February…

Oil Prices Rally On IEA Report

Feb 22, 2016 at 10:46 | Matt Smith

Three hundred and eighty-six years after popcorn was first introduced at Thanksgiving dinner, and the crude complex is popping higher to start the week. Here are…

OPEC Has Never Had As Much Power As People Think

Feb 19, 2016 at 17:27 | Ryan Opsal

It is no surprise that OPEC has had extreme difficulty coordinating a response to the latest price drops in the oil market. OPEC as a…

Iraq On The Brink Of Chaos As Oil Revenues Fall

Feb 19, 2016 at 16:59 | Charles Kennedy

During a sombre visit to Germany last week, Iraqi Prime Minister Haider al-Abadi urged the international community to help boost his country's crisis economy…

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