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Energy

Think Tank: Mexico’s New Refinery Already Doomed

Apr 15, 2019 at 12:46 | Haley Zaremba

A Mexican think tank has declared that Pemex’s newest refinery is doomed in a grim analysis released this month. The Mexican Institute for Competitiveness (Instituto Mexicano para la Competitividad, or…

‘High’ Oil Prices Are Already Dampening Demand

Apr 15, 2019 at 11:33 | Irina Slav

Crude oil prices are affecting demand for the commodity negatively, the International Energy Agency’s head Fatih Birol told S&P Global Platts in an interview. "The higher oil price environment…

Oil Prices Snap Winning Streak

Apr 15, 2019 at 10:23 | Tsvetana Paraskova

Despite signs of continued tightness in supply, oil prices dropped early on Monday on some profit taking and a Russian minister suggesting that Russia and OPEC could abandon the production…

Did Russia Just Call The End of The OPEC Deal?

Apr 15, 2019 at 09:20 | Julianne Geiger

OPEC and heavyweight Russia may fight America for its share of the oil market, Russia’s Finance Minister Anton Siluanov told TASS on Saturday, even if it means quitting the OPEC…

Brent Could Hit $80 This Summer As Hedge Funds Lose Steam

Apr 12, 2019 at 18:28 | Tsvetana Paraskova

Brent Crude and WTI Crude prices hit a five-month high this week amid signs of tightening market and clashes in wildcard OPEC producer Libya. Brent Crude topped $71 and…

Artificial Intelligence Is Transforming Oil Trade

Apr 12, 2019 at 18:25 | Irina Slav

Artificial intelligence has been making inroads into the oil and gas industry for a while now after the industry realized all the benefits it could reap from the deployment of…

‘’Rock Solid’’ Chinese Demand Boosts Oil Prices

Apr 12, 2019 at 18:24 | Nick Cunningham

The oil market is dramatically tighter than it was only a few months ago, driven by both supply cuts and outages, as well as by the surprising “resilience of demand,”…

The Tipping Point In Trump’s Quest For Energy Dominance

Apr 12, 2019 at 18:23 | Nick Cunningham

Trump signed two executive orders to streamline and speed up the permitting of oil and gas pipelines, a move intended to weaken states’ rights and the ability of state governments…

Trump’s New Ambassador Scrambles To Salvage Relationship With Riyadh

Apr 12, 2019 at 18:21 | Tim Daiss

The Senate has confirmed President Trump’s nominee to be the new U.S. ambassador to Saudi Arabia. Though Trump has been in office for more than two years, it will…

“It’s Stupid”: German Professor Slams Berlin Battery Play

Apr 12, 2019 at 18:20 | Jon LeSage

Electric car battery sales are projected to hit $60 billion by 2030, and Germany wants to grab the lead. That will be a tall wall to climb, with Chinese, Korean,…

Permian Takes The Crown As World’s Top Oil Field

Apr 12, 2019 at 18:16 | Robert Rapier

Last week Saudi Aramco — the national oil company of Saudi Arabia and the world’s largest oil company — lifted a veil of secrecy around the company’s operations. For the…

Traders In Limbo As Mounting Uncertainty Pulls Oil In All Directions

Apr 12, 2019 at 18:15 | Jim Hyerczyk

Crude oil prices are expected to finish the week higher, but the price action late in the week suggests the market may be getting a little top heavy. Early in…

Environmentalists’ “Bomb Train” Concerns Are Overblown

Apr 12, 2019 at 18:07 | Haley Zaremba

This week president Donald Trump signed two executive orders aimed at speeding up the development and functionality of oil and gas projects in the United States. The orders will ease…

Is Oil Due For A Correction?

Apr 12, 2019 at 15:54 | Editorial Dept

Crude oil prices are expected to finish the week higher, but the price action late in the week suggests the market may be getting a little top heavy. Early in…

Intel Notes - April 12th

Apr 12, 2019 at 15:51 | Editorial Dept

Deals, Mergers & Acquisitions - A number of deals related to Algeria’s state-run Sonatrach have already fallen by the wayside due to the country’s political crisis. But more precisely, big…

This Previously Reliable Signal Looks Set To Flash Again

Apr 12, 2019 at 15:47 | Editorial Dept

In trading, there are very few reliable technical signals, especially when it comes to predicting longer-term moves. Long-term shifts in direction usually come about due to fundamental changes in supply…

Battery Materials Prices Rebound, But New Investments Are Lacking

Apr 12, 2019 at 15:45 | Editorial Dept

Friday April 12, 2019 1. Oil prices moving higher, but volatility lower- Oil prices hit fresh highs for…

Oil Posts Sixth Week Of Gains

Apr 12, 2019 at 13:29 | Tom Kool

Trader Alert: Oilprice.com has officially launched the much-anticipated Global Energy Alert service, a service that includes weekly intelligence…

Decline In U.S. Rig Count Sends WTI Higher

Apr 12, 2019 at 12:17 | Julianne Geiger

The the number of active oil and gas rigs fell in the United States this week according to Baker Hughes. The total number of active oil and gas drilling rigs…

Soaring Permian Output To Cap Oil Rally

Apr 12, 2019 at 10:00 | Tim Daiss

The U.S. crude oil production juggernaut continues to move forward. In 2018, U.S. production increased 17 percent over the previous year in a dynamic that is impacting both geopolitics as…

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