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Energy

Traders Are Betting On $100 Oil In 2018

Sep 29, 2017 at 11:33 | Tsvetana Paraskova

While oil industry executives are preparing to live and profit in the world of $50 oil over the next few years, some enthusiast investors have been betting on $100 oil…

Oil Price Rally Accelerates Shale Boom In Argentina

Sep 29, 2017 at 09:49 | Haley Zaremba

The Argentinian energy and mining minister Juan Jose Aranguren has announced that the South American nation will be suspending its system of set domestic fuel prices next month, allowing…

Citi: An Oil Supply Squeeze Is Inevitable

Sep 28, 2017 at 16:44 | Irina Slav

It’s somewhat tradition for oil analysts to produce a flurry of new forecasts after every sharp move in prices, and the latest rally in WTI and Brent is no exception.…

Trump Waives The Energy Market’s Least Favorite Law

Sep 28, 2017 at 16:33 | Nick Cunningham

Under tremendous criticism, President Trump waived the Jones Act to aid in the response to the disaster in Puerto Rico, just days after refusing to do so. The Jones Act…

$60 Oil Could Revive The Eagle Ford

Sep 28, 2017 at 14:33 | Tsvetana Paraskova

The world’s hottest shale play right now, the Permian, is boosting its oil production and contributing the most to the U.S. crude output growth. Meanwhile, Texas’ other shale play, the…

The ‘’Silver Age’’ For Refiners

Sep 28, 2017 at 14:24 | Nick Cunningham

Refining margins jumped after Hurricane Harvey, due to the sudden disruptions of a significant chunk of the world’s refining capacity. In fact, the outages highlight how tight global refining supply…

Puerto Rico Could Face 6 Months Without Power

Sep 28, 2017 at 14:16 | Haley Zaremba

After Puerto Rico was pummeled by Hurricane Maria last week, a Category 4 hurricane with 150 mph winds, the island has been left in shambles. After suffering widespread power outages…

Oil Prices Haven’t Plateaued Yet

Sep 28, 2017 at 13:40 | Kent Moors

Only a few weeks ago, pundits were bemoaning the collapse of oil prices. Then, these self-proclaimed soothsayers became doomsayers, and started predicting oil prices would decline to $40 a barrel…

The Driving Forces Behind Today’s Oil Markets

Sep 28, 2017 at 12:57 | Osama Rizvi

The oil market is arguably the most fickle market in the world… One day it might set new records for bullishness, the next we might see it plummet into bear-territory.…

Expect Strong Crude Draws As Refineries Recover

Sep 28, 2017 at 11:51 | Matt Smith

It is now a little over a month after Hurricane Harvey made landfall on the US Gulf Coast. While some refineries are still in the process of ramping up activities,…

Ghana Doubles Energy Revenue With Increased Oil Production

Sep 28, 2017 at 10:09 | Oxford Business Group

A report from the central bank shows that Ghana’s state oil revenues more than doubled between the second half of 2016 and the first half of this year, from $93.4m…

Aramco Optimizes Oil Trading Operations Ahead Of IPO

Sep 28, 2017 at 09:37 | Irina Slav

Saudi Aramco will enter crude oil trading as part of valuation-boosting efforts ahead of its planned IPO in 2018, unnamed sources close to the company told Reuters. Aramco Trading…

Oil Prices At A Ceiling, Or Just Getting Started?

Sep 27, 2017 at 17:08 | Nick Cunningham

Oil moved back into bull market territory this week, with Brent prices jumping to a more than two-year high at $58 per barrel. A confluence of events has given…

Electric Vehicles And The 5 Trillion Dollar Market Transition

Sep 27, 2017 at 17:01 | Peter Tertzakian

Change in the world of wheels is accelerating! Momentum is building and some days it’s hard to keep up. Every week, the assumptions about the future of transportation, and the…

NatGas Prices Aren’t Going Anywhere Fast

Sep 27, 2017 at 17:01 | Irina Slav

With the recent crude oil rally that brought WTI to a five-month high, it’s only fitting to have a look at what’s happening with natural gas. By the looks of…

US Shale, End Of OPEC Cuts Could Stifle Oil Prices In 2018

Sep 27, 2017 at 14:49 | Tsvetana Paraskova

Although current supply and demand fundamentals point to a possible rise in oil prices by the end of 2017, next year’s supply will likely outgrow demand and depress oil…

Oil Prices Steady, But $80 Oil Is Coming, Says Analyst

Sep 27, 2017 at 11:32 | Tsvetana Paraskova

Oil prices were basically flat early on Wednesday, but $80 oil could be just around the corner, according to analyst Jodie Gunzberg, head of commodity and real asset indices at…

This Crude Oil Benchmark Just Rallied To A Three-Year High

Sep 27, 2017 at 10:55 | Matt Smith

Oman is the largest oil producer in the Middle East that is not a member of OPEC. It is also part of the OPEC / NOPEC production cut deal, committing to…

Oil Prices Rise Further On Falling Crude Inventories

Sep 27, 2017 at 09:47 | Irina Slav

As WTI enjoys the first meaningful price rise since this spring, and a day after the API injected further optimism in markets by reporting a 761,000-barrel draw in U.S.…

Hedge Funds See Further Upside For WTI

Sep 26, 2017 at 16:04 | Tsvetana Paraskova

Robust oil demand growth and reduced global stockpiles have instilled confidence in the oil market lately. Signs that the OPEC cuts have finally started to work—with Brent futures now in…

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