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Energy

Oil Cutbacks Coming, But More Supply in the Works

Dec 11, 2015 at 15:34 | Editorial Dept

Friday, December 11, 2015 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

With Resistance Falling, Can Oil Hold The Next Support Level?

Dec 11, 2015 at 15:17 | Jim Hyerczyk

February WTI Crude Oil February WTI Crude Oil futures continued to slide last week, rapidly approaching seven-year lows. Traders have put the friendly U.S. Energy Information…

How Far Will Oil Sink Before Christmas?

Dec 11, 2015 at 14:31 | Evan Kelly

From the key figures from the oil and gas industry this week, we see U.S. crude imports surge, whereas U.S. domestic production sees a slight decline. U.S. average gasoline prices…

This Oil And Gas Nation Is Doing Something It's Never Done Before

Dec 11, 2015 at 10:24 | Dave Forest

Despite lower oil prices, a number of intriguing trends are unfolding today across the energy industry. That includes the opening of big, new offshore plays (this…

Oil Heads Lower Over Bearish IEA Report

Dec 11, 2015 at 10:22 | Matt Smith

Thirty-four years after Muhammad Ali fought his last fight, the crude complex is on the canvas once more. Today’s knockout blow comes courtesy of the IEA’s monthly oil market report,…

How Low Can It Go? Oil Crashes To $35 Handle

Dec 11, 2015 at 10:10 | Charles Kennedy

Inventory levels are at record highs across the globe, and the OPEC price war has killed off any notion that the oil cartel will act to rescue prices. That means…

EU Could Break Gazprom’s Business Model

Dec 10, 2015 at 17:01 | Dalan McEndree

This month, Gazprom Deputy Chief Executive Officer Alexander Medvedev heads to Brussels to meet with EU Competition Commissioner Margrethe Vestager as part of Gazprom’s continuing efforts…

Oil Industry Cutting Again, But It Still Might Not Be Enough

Dec 10, 2015 at 16:37 | Nick Cunningham

On December 9, Chevron announced its decision to slash capital expenditures even further for 2016, cutting spending down to $26.6 billion, or about 24 percent…

OPEC’s Newest Member That Actually Likes Low Oil Prices

Dec 10, 2015 at 16:14 | Gaurav Agnihotri

As expected, OPEC’s decision to stick to its ‘high’ production levels in its December 4th meeting in Vienna didn’t go down well with the markets as…

The Hidden Danger Of OPEC’s Market Share Strategy

Dec 10, 2015 at 13:02 | Mike Priaro

The Saudis' crude oil market gambit to increase market share by refusing to reduce production in order drive out higher-cost producers has not yet killed off competition from North America.…

Russia Looks To Launch Oil Benchmark

Dec 10, 2015 at 12:36 | Charles Kennedy

Russia is hoping to launch a futures market for its oil benchmark, the Urals blend. According to a Reuters report, Russia has for years wanted…

Bearish OPEC Report, Stronger Dollar Send Oil Prices Down

Dec 10, 2015 at 11:13 | Matt Smith

One hundred and eighty-five years after the birth of American poet Emily Dickinson, and OPEC has been waxing lyrical today in its latest monthly oil…

Tick Tock: Time Running Out for Struggling Oil and Gas Drillers

Dec 09, 2015 at 12:58 | Nick Cunningham

The 18th oil and gas driller so far this year is in the process of filing for bankruptcy protection, as the company ran out of funds. As reported by Fuel…

Why Texans Might Soon Be Driving On Mexican Gasoline

Dec 09, 2015 at 12:48 | Michael McDonald

  The world is changing fast in the energy industry and for no company is that truer than Mexican National Oil Company Pemex. After decades of bloated operations and mismanagement,…

How Electricity Markets Could be Upended by this Supreme Court Decision

Dec 09, 2015 at 12:46 | Leonard Hyman & William Tilles

The Supreme Court may shortly decide an obscure case entitled Federal Energy Regulatory Commission v. Electric Power Supply Association (FERC v EPSA). The issue before the…

What Will Iran Do With its Enriched Uranium?

Dec 09, 2015 at 12:13 | Charles Kennedy

Iran is moving quickly to comply with all aspects of the nuclear deal reached with the P5+1 nations earlier this year, and that includes shipping its…

This Suggests An Oil Price Recovery Might Be On Its Way

Dec 09, 2015 at 11:38 | Arthur Berman

Oil futures prices are below $38 but there is a glimmer of hope in EIA’s Short-Term Energy Outlook (STEO) released today–world consumption increased in November and…

This Could Become The Most Promising Arctic Oil Basin

Dec 09, 2015 at 09:43 | Dave Forest

I described last month how one country on the planet recently bucked the trend of declining petroleum drilling: Ireland, which saw a record number of bids…

2016 Spells More Gloom For Oil Producers

Dec 08, 2015 at 17:04 | Nick Cunningham

A year after OPEC sent oil markets spiraling out of control, the group may have sparked another round of bearishness for crude. OPEC failed to agree…

Strippers Suffering From Low Oil Prices

Dec 08, 2015 at 16:54 | Michael McDonald

With prices below $50, what is a stripper to do? With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now…

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