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Energy

Only 1 Percent Of Bakken Shale Is Profitable At These Prices

Nov 05, 2015 at 15:23 | Arthur Berman

Only 1 percent of the Bakken Play area is commercial at current oil prices based on my analysis that follows. Only 4 percent of horizontal wells…

Oil Markets Shrug Off Supply Disruptions In Libya And Brazil

Nov 05, 2015 at 15:08 | Charles Kennedy

Libya’s oil production has dipped below 400,000 barrels per day after shipments from a key port were disrupted, according to Bloomberg. The Zueitina port was…

Is Iran Opening A “Secret Passage” To Asia For Russian Crude?

Nov 05, 2015 at 11:01 | Dave Forest

Russia is looking to expand its influence through oil trade. And a little-reported deal this week may give it access to an entirely new part of…

U.S. Dollar Damaging Hopes Of A Rally In Oil

Nov 05, 2015 at 10:51 | Matt Smith

Remember, remember the 5th November, for Guy Fawkes attempted to blow up the UK Houses of Parliament some 410 years ago. Onward to today, and bulls…

Oil Sands Still Face Pipeline Problems

Nov 04, 2015 at 16:27 | Nick Cunningham

In recognition that its campaign is heading for near certain failure, TransCanada hopes to delay the review process of its proposed Keystone XL pipeline until the next administration.TransCanada…

New Oil Price Reality Spells Doom And Gloom For These Gulf States

Nov 04, 2015 at 16:18 | ZeroHedge

A few weeks ago, the IMF said something that, although it should have been obvious, seemed to surprise quite a few people. Here’s the quote from a recently released study:

What’s Really At Stake At The Paris Climate Conference

Nov 04, 2015 at 16:15 | Tom Dispatch

At the end of November, delegations from nearly 200 countries will convene in Paris for what is billed as the most important climate meeting ever held.…

Amnesty International: Shell’s Claim Of Clean Up In Nigeria “Blatantly False”

Nov 04, 2015 at 10:44 | Charles Kennedy

A new report from Amnesty International alleges that Royal Dutch Shell did not, in fact, clean up its oil spills in Nigeria despite company claims…

Imported Oil Putting The Squeeze On Bakken Producers

Nov 04, 2015 at 10:04 | Matt Smith

As Ralph Macchio celebrates his 54th birthday (make you feel old? me neither, ahem…), the crude complex has tried to kick higher ahead of the weekly…

North Dakota No Longer Attractive For Drillers Or Refiners

Nov 03, 2015 at 16:05 | James Stafford

The performance of Blood & Oil, a soap opera based on the North Dakota oil boom, is not going well. The show saw its episodes trimmed by ABC amid…

Why Has Carbon Capture And Storage Not Taken Off Yet?

Nov 03, 2015 at 15:57 | Michael McDonald

For all of the talk about green energy one fact still remains clear; fossil fuels are going to continue to be used in enormous quantities for decades to come. From…

Shrinking Norwegian Natural Gas Production Puts Europe In Dire Situation

Nov 03, 2015 at 15:51 | Rune Likvern

In this post I present actual Norwegian natural gas production, status on reserves, the development in discoveries and what this results for Norwegian Petroleum Directorate (NPD)…

OPEC Infighting Reaching Critical Levels

Nov 03, 2015 at 15:26 | Evan Kelly

Oil price update and North-American rig count (Click to enlarge) Chart of the Week

OPEC Members Pushing For Quotas Or A Price Floor

Nov 03, 2015 at 10:42 | Matt Smith

It is apt that it is national sandwich day, given yesterday’s first-day-of-the-month onslaught of global manufacturing numbers, and ahead of tomorrow’s return to form in economic…

Oil Megaprojects Won’t Stay On The Shelf For Long

Nov 02, 2015 at 17:06 | Nick Cunningham

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies…

Elon Musk’s Hyperloop Takes a Step Forward

Nov 02, 2015 at 16:57 | Michael McDonald

For the first time in close to a century, mankind may be about to give serious attention to a technology that has the potential to be…

Oil Market Stalemate To Persist Until End Of 2016?

Nov 02, 2015 at 16:48 | Euan Mearns

 The “big news” this month is that the banks granted over-leveraged, loss-making shale oil drillers a stay of execution by continuing to provide credit lines. Consequently, there was no major…

U.S. Production Finally Starting To Drop Significantly

Nov 02, 2015 at 16:28 | Ron Patterson

The EIA’s Petroleum Supply Monthly is just out with production numbers, through August, for each state and offshore territories. The EIA’s Monthly Energy Review…

Don’t Expect A Breakout In Oil Prices Any Time Soon

Nov 02, 2015 at 12:13 | Matt Smith

One hundred and two years after the birth of Burt Lancaster, and oil prices feel like they are going to be stuck in mid-forty dollardom ‘From…

Low Oil Prices Could Persist Through 2016

Nov 02, 2015 at 11:19 | Charles Kennedy

A group of investment banks are becoming increasingly gloomy about the direction of oil prices in the near-term. A Wall Street Journal survey of 13…

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