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Breaking News:

Hess Board Recommends Merger With Chevron

Energy

In Breakaway Move From Saudis, Iraq May Change Oil Pricing

Aug 21, 2017 at 11:50 | Tsvetana Paraskova

In a bid to increase oil revenues and possibly setting the stage for its own benchmark crude grade, Iraq has told customers it may change the way it prices Basra…

Oil Holds Steady As OPEC Meets To Talk Slipping Compliance

Aug 21, 2017 at 09:04 | Tsvetana Paraskova

Oil prices were steady early on Monday morning, searching for a catalyst for direction while OPEC is holding a meeting of its Joint OPEC-Non-OPEC Technical Committee (JTC), which monitors the…

Canada’s Oil Industry Doomed If Prices Fall Lower

Aug 18, 2017 at 15:46 | Nick Cunningham

Canada’s oil industry has faced a lot of strain lately. The list of oil majors selling off assets and withdrawing from high-cost oil sands is long. ConocoPhillips, Royal Dutch Shell,…

Forget Oil Prices, Oil Majors Are A Buy

Aug 18, 2017 at 15:40 | Tsvetana Paraskova

Oil stocks have been performing dismally this year, and oil prices have failed to sustain a rally, so why are these stocks still attractive? Low valuations and high dividend yields,…

Trump’s Atlantic Drilling Plan May Be A Lost Cause

Aug 18, 2017 at 15:39 | Nick Cunningham

A key public comment period just ended for revising the offshore exploration program along the U.S. Atlantic Coast, and the path forward might not be as smooth as the Trump…

Indonesia’s Ailing Oil Sector Needs Urgent Overhaul

Aug 18, 2017 at 15:36 | Irina Slav

Indonesia’s oil industry is languishing, it’s fields are depleting and it desperately needs investment, but unlike another up-and-coming oil major—Argentina—it’s not willing to do what is necessary to lure in…

Blockchain Tech Could Disrupt The Oil Industry

Aug 18, 2017 at 15:34 | Michael Kern

As the price of oil remains in the high-$40, low-$50 range, every cog in the oil industry is scrambling to reduce costs and streamline sales. The oil industry has long…

Is Boone Pickens Wrong On Natural Gas?

Aug 18, 2017 at 15:29 | Jon LeSage

Bloomberg is attempting to make the case that Tesla’s CEO Elon Musk and cheap gasoline prices have driven natural gas away as an economically viable vehicle fuel. But that does…

Qatar Aims To Ease Its Reliance On LNG Exports

Aug 18, 2017 at 15:26 | Scott Belinksi

In the game of chicken gripping the Persian Gulf, Qatar is responding to recent overtures from its Gulf Cooperation Council (GCC) neighbors by slamming its foot down on the…

Could UK Oil Production Peak Again In 2019?

Aug 18, 2017 at 15:22 | Ron Patterson

Production History And Reserves UK oil production peaked in 1999. The peak was probably pushed out a couple of years because of the major production interruptions following the Piper Alpha…

How To Play The Imminent Rebound In Oil Prices

Aug 18, 2017 at 15:01 | Dan Dicker

In my last column, I pointed out the lockstep insanity being followed by US oil companies in increasing production, no matter whether or not the end product was profitable in…

Weakness In This Stock Defies Logic

Aug 18, 2017 at 14:59 | Martin Tillier

One of the most common mistakes made by traders and investors is the assumption that the market that they are in is logical. They think that, with all the money…

Are Crude Inventories Falling Fast Enough?

Aug 18, 2017 at 14:59 | Editorial Dept

Friday August 18, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

Global Energy Advisory 18th August 2017

Aug 18, 2017 at 14:55 | Editorial Dept

British Columbia’s government, in keeping with its election promise, has moved to stop the expansion of the Trans Mountain oil pipeline that would have catered to the growing production of…

Are We Looking At A Trend Reversal For Crude?

Aug 18, 2017 at 14:55 | Jim Hyerczyk

The fundamentals have been light this week, but prices have been active. This is because of the increased volatility in other financial markets, specifically the stock market and the U.S.…

Oil Prices Lag In Spite Of Strong Inventory Draws

Aug 18, 2017 at 14:55 | SCS OTC Corp

-Global crude oil inventories are drawing rapidly. US crude supplies have dropped from 536m on in late March to 466m (a 20-month low) as of last week implying average daily…

Oil Prices Boosted By String Of Bullish News

Aug 18, 2017 at 13:31 | Tom Kool

Friday, August 18, 2017 Oil prices rose on Friday afternoon amid a flurry of bullish news. A sign that traders are regaining confidence in the market. 

Oil Prices Climb As Oil Rig Count Drops

Aug 18, 2017 at 12:25 | Julianne Geiger

The number of active oil and gas rigs in the United States fell this week by 3 rigs as drillers in the United States proceed more cautiously as oil prices…

New Congo Govt Eyes 25% Oil Output Boost By Next Year

Aug 18, 2017 at 11:30 | Zainab Calcuttawala

The prime minister and cabinet of Congo resigned on Thursday amid economic turmoil related to three years of low oil prices, according to reports emerging from the region, but…

These Oil Giants Just Jumped Into A Brand New Market

Aug 18, 2017 at 09:46 | Tsvetana Paraskova

In a sign that Mexico’s energy reform continues to attract foreign companies, Chevron and Glencore have announced separate plans for jumping into the Mexican retail fuel market, joining other big…

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