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Energy

U.S. Rig Count Rises Amid Falling OPEC Output

Dec 08, 2017 at 12:16 | Julianne Geiger

While OPEC continues to curb its in-house oil production among its members, US drillers are ramping up, adding rigs for the fifth week in a row. This week, Baker Hughes…

Oil Prices Rise On Solid Chinese Demand

Dec 08, 2017 at 11:25 | Tsvetana Paraskova

Oil prices rose on Friday morning after Chinese data showed that China’s crude oil imports rose to the second-highest on record in November, and after U.S. total non-farm payroll employment…

Are U.S. Shale Stocks Finally Set For A Rebound?

Dec 08, 2017 at 09:31 | Tsvetana Paraskova

After years of meager returns and overspending to boost production at all costs, U.S. shale explorers and drillers are finally about to see their share prices rise next year,…

Why Isn't Wall St. Backing The Next Shale Boom?

Dec 07, 2017 at 13:28 | Dan Steffens

Only four of the companies in our Large-Cap Growth Portfolio are trading today in the upper half of their 52-week ranges: Concho Resources (CXO), Continental Resources (CLR), EOG Resources (EOG)…

Hedge Funds Killed The OPEC Rally

Dec 07, 2017 at 13:14 | Nick Cunningham

Oil investors were confident ahead of the OPEC meeting last week, holding onto their bullish bets, but now there seems to be a bit of an OPEC hangover after weeks…

Oil Investors Are Growing Impatient

Dec 07, 2017 at 13:06 | Tsvetana Paraskova

The renewed optimism in the oil markets and the $55-plus WTI prices may have warranted frenzied production growth across the U.S. shale patch, if it wasn’t for the 2015-2016 downturn.…

U.S. Shale Cautious As Oil Majors Invade Texas

Dec 07, 2017 at 13:00 | Nick Cunningham

Shale drillers are starting to show some caution when it comes to their pace of drilling, but some of the oil majors are still increasing their efforts in the shale…

Nigeria Reforms Oil Sector To Draw New Investment

Dec 07, 2017 at 11:57 | Oxford Business Group

Provisions in the 2018 budget, published in early November, set out proposals that allow for the sale of state equity in joint-venture (JV) oil assets, a move officials say will…

Gas Shortage Has China Backtracking On Coal Ban

Dec 07, 2017 at 10:06 | Tsvetana Paraskova

China is backpedaling on its massive push for the coal-to-gas switch after the move created gas shortages in the north that left people freezing in the cold snap, financial magazine…

Oil Price Boom Keeps Lid On Natural Gas Prices

Dec 07, 2017 at 09:24 | Robert Rapier

In the previous post – Fear Will Drive Oil Prices In 2018 – I discussed the outlook for oil prices next year. In a nutshell, the price of oil will be influenced by…

The GOP Tax Bill Is A Big Win For U.S. Oil And Gas

Dec 06, 2017 at 16:57 | Nick Cunningham

The GOP tax overhaul passed both chambers of the U.S. Congress, although a lot remains to be done before a bill can reach the President’s desk. Still, there are a…

Rosneft Takes On Record Debt As U.S. Sanctions Weigh

Dec 06, 2017 at 16:39 | Tsvetana Paraskova

Russia’s state-held oil behemoth Rosneft has heavily borrowed on its domestic bond market this year to fund oil projects and refinance earlier debt, as it’s cut off from U.S. and…

Chinese M&A Wave Could Be Bad News For Investors

Dec 06, 2017 at 14:10 | Zainab Calcuttawala

Up to $35 billion in Chinese investor dollars in the oil industry have been slated for mergers and acquisitions, but this fact may work against the best interest of the…

Gulf Of Mexico Production Recovers After Recent Slump

Dec 06, 2017 at 13:45 | Ron Patterson

This briefly covers the production side as the hurricane outages are dominating the trends at the moment, but there’s a section at the end on discoveries and reserves that may…

The Drastic Drop Off In U.S. Oil Imports

Dec 06, 2017 at 11:57 | Matt Smith

While the dust may now have settled on last week's OPEC meeting, the cartel's impact on U.S. oil inventories is set to linger on. Stocks are at their lowest level…

Analysts Raise 2018 Oil Price Forecasts After OPEC Deal

Dec 06, 2017 at 11:00 | Tsvetana Paraskova

The extension of the OPEC and allies’ production cut deal through the end of 2018 is sending a stronger signal that the oil market rebalancing could speed up and send…

Oil Prices Slide On Major Gasoline Build

Dec 06, 2017 at 09:42 | Julianne Geiger

The Energy Information Administration reported a 5.6-million-barrel draw in crude oil inventories for the week to December 1, largely in line with the American Petroleum Institute’s estimate of a…

Don’t Expect Aggressive U.S. Shale Drilling

Dec 05, 2017 at 16:54 | Nick Cunningham

Many analysts expect U.S. shale to put the pedal to the metal after OPEC extended the production cuts through the end of next year, but some shale executives are unmoved…

The 'Mega' Oil Field That Will Never Boom

Dec 05, 2017 at 16:50 | Viktor Katona

2017 will most likely witness a continuation in the decline of conventional oil discoveries. This year has seen no major onshore discovery, pretty much all significant finds were confined to…

Is The EIA Overestimating The U.S. Shale Boom?

Dec 05, 2017 at 16:45 | Zainab Calcuttawala

The American shale boom may be overstated by the U.S. Energy Department, according to a new MIT study that suggests the agency may be over-attributing a rise in shale drilling…

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