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OPEC Lifts Oil Demand Forecast Amid Rising Prices

OPEC Lifts Oil Demand Forecast Amid Rising Prices

OPEC lifted its global crude…

Can Angola Overcome Its Oil Production Decline?

Can Angola Overcome Its Oil Production Decline?

OPEC member Angola is cutting…

Farmers Reeling From High Oil Prices

Farmers Reeling From High Oil Prices

Rising oil prices do not…

Energy

Norway’s Wealth Fund One Step Closer To Ditching Oil

Norway’s Wealth Fund One Step Closer To Ditching Oil

May 23, 2018 at 12:35 | Tsvetana Paraskova

The world’s biggest sovereign wealth fund, Norway’s US$1-trillion Government Pension Fund Global, has won support from top Norwegian economists and academics for its plan to dump oil and gas stocks.…

Why Southern Company Just Sold Billions In Prime Assets

Why Southern Company Just Sold Billions In Prime Assets

May 23, 2018 at 12:15 | Leonard Hyman & William Tilles

On May 21, Southern Company, the utility holding company based in Atlanta, with core electric utility franchise areas in Georgia and Alabama, announced a multi-billion dollar asset sale with proceeds…

High Gas Prices May Spoil Driving Season

High Gas Prices May Spoil Driving Season

May 23, 2018 at 11:55 | ZeroHedge

With the national average gas price continuing its trudge toward $3 a barrel, pushed by rising crude oil prices, GasBuddy is reporting that more Americans are planning stay-cations instead…

OPEC May Ease Oil Cuts As Soon As June

OPEC May Ease Oil Cuts As Soon As June

May 23, 2018 at 10:14 | Tsvetana Paraskova

As soon as next month, OPEC may decide to reverse some of the production cuts in place since the beginning of 2017, to respond to supply concerns over plummeting Venezuelan…

Crude, Gasoline Prices Slip On Inventory Build

Crude, Gasoline Prices Slip On Inventory Build

May 23, 2018 at 09:45 | Irina Slav

As crude oil begins to slide back down on talk about a possible easing of the OPEC+ production cuts, the Energy Information Administration added to bearish sentiment by reporting…

Traders See Higher Oil Prices In The Long Term

Traders See Higher Oil Prices In The Long Term

May 22, 2018 at 16:57 | Tsvetana Paraskova

Oil market participants and analysts have been focused on the front-month oil futures prices that rallied to levels last seen in November 2014, with Brent Crude breaking above $80…

OPEC Could “Relax” Production Cuts

OPEC Could “Relax” Production Cuts

May 22, 2018 at 16:54 | Nick Cunningham

It was only a few weeks ago that top officials from OPEC nations were issuing statements assuring the market that the group’s production cuts would remain in effect through the…

Could Venezuela Prompt OPEC To Pump More?

Could Venezuela Prompt OPEC To Pump More?

May 22, 2018 at 14:37 | Irina Slav

Venezuela’s oil industry is collapsing fast. No wonder then that OPEC is finally talking about perhaps raising production to make up for Venezuela’s overdelivering on production cuts. As Reuters

Iran Tensions Send Oil Spiking Again

Iran Tensions Send Oil Spiking Again

May 22, 2018 at 13:15 | Tom Kool

Oil prices rose on Monday after the U.S. announced a bellicose list of demands on Iran, leaving little chance of a new accord. (Click…

Steel Tariffs Raise Costs For Texas Oil Producers

Steel Tariffs Raise Costs For Texas Oil Producers

May 22, 2018 at 11:59 | Tsvetana Paraskova

The imposition of steel import tariffs and quotas will directly burden Texas oil and gas producers with higher costs for oilfield steel goods, which could result in job losses, reduced…

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