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Trump’s First Step To Boost Gulf Of Mexico Drilling

Jul 10, 2017 at 10:02 | Dave Forest

Small but potentially very important item for oil and gas explorers this past week. With the U.S. government making drilling much more attractive in one of the world’s go-to petroleum…

OPEC: Further Cuts Off The Table

Jul 10, 2017 at 09:25 | Irina Slav

No further oil output cuts are on the agenda for the July meeting of the ministerial committee set up to monitor compliance with the OPEC-non-OPEC deal, the cartel’s secretary general…

Is This The “New Normal” For Oil Prices?

Jul 07, 2017 at 18:12 | Nick Cunningham

The oil market is suffering from whip lash. After plunging close to $42 per barrel in late June, and officially entering a bear market, WTI has gained nearly 10 percent…

Qatar Spat Worsens As Saudi-Led Arab States Vow New Measures

Jul 07, 2017 at 18:11 | Tsvetana Paraskova

The four Arab states that are leading the boycott against Qatar vowed on Friday to take new measures against their tiny gas-rich neighbor after Doha rejected in full the…

Is Arctic Drilling Still Profitable For Norway?

Jul 07, 2017 at 18:06 | Irina Slav

Arctic drilling may become unprofitable for Norway if oil prices continue to fall, says a new report looking into the best and worst scenarios for this new frontier in…

Oil No Longer Decisive Factor In Emerging Market Performance

Jul 07, 2017 at 18:03 | Irina Slav

Oil is increasingly losing relevance in the performance of emerging market assets including, equities—and now, bonds and currencies. What’s more, the technology sector is apparently taking the space freed by…

Will Oil Inventories Continue To Fall Over The Summer?

Jul 07, 2017 at 17:58 | Oil & Gas 360

Crude oil inventories fall 6.3 million barrels; WTI climbs from $45 to $46.50 and back Crude oil inventories decreased by approximately 6.3 million barrels in the week ended June 30.…

The Other Culprits Of The Oil Price Crash

Jul 07, 2017 at 17:54 | Metal Miner

It is no surprise that oil prices continue to fall when you look at the rising tide of oil production around the world.Source: Financial…

Expect Higher Crude Oil Exports To European, Asian Markets

Jul 07, 2017 at 17:53 | Oil & Gas 360

In its appearance at EIA’s annual Energy Conference last week, Wood Mackenzie gave a presentation on crude oil exports, saying that U.S. crude oil exports rose in tandem with U.S.…

Could Qatar’s LNG Gamble Increase Tensions In The Region?

Jul 07, 2017 at 17:45 | Kent Moors

Early this morning (Qatar time), Qatar Petroleum announced it planned to increase production dramatically from its huge North Field in the Persian Gulf. The increase calls for the country’s gas…

The Break-Even Myth Is Suffocating Oil Stocks

Jul 07, 2017 at 17:27 | Dan Dicker

Oil prices, as I have said for the last few columns, seem range-bound. But rarely do they remain range-bound for long. As oil’s pessimism begins to gain steam, oil stocks…

Was Last Week's Rig Count A Fluke?

Jul 07, 2017 at 17:25 | Haley Zaremba

Although there’s been a lot of back and forth about the whether the U.S. “shale boom” has been overblown, this week shows that oil production in the U.S. continues to…

Oil Prices Rebound As Market Gains Momentum

Jul 07, 2017 at 17:22 | Editorial Dept

Friday July 7, 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…

The Deciding Factor For Oil Prices Next Week

Jul 07, 2017 at 17:07 | Jim Hyerczyk

September Crude Oil Weekly Recap September U.S. West Texas Intermediate crude oil futures are currently in a position to finish lower for the week as investors react to a rise…

Oil Price Rally Unwinds As Markets Doubt OPEC’s Intentions

Jul 07, 2017 at 14:29 | Tom Kool

This week’s oil price rally started to unwind on Friday as a result of rising OPEC exports, increasing U.S. shale output and a rising rig count.

Rig Count Climbs Higher After Last Week’s Intermission

Jul 07, 2017 at 12:25 | Julianne Geiger

The number of active oil and gas rigs in the United States rose again this week, this time by 12, resuming what was the US shale patch’s impressive run…

Oil Prices Tank As OPEC Exports Surge

Jul 07, 2017 at 11:21 | Matt Smith

Six months after the implementation of the OPEC production cut deal to reduce output by 1.2 million barrels per day, and we should be well on our way towards rebalancing…

Russia Now Ready To Consider More Oil Output Cuts If Needed

Jul 07, 2017 at 09:22 | Tsvetana Paraskova

Just a day after Russia’s Energy Minister Alexander Novak said that the OPEC/non-OPEC production cut pact was working and that there was no need to make immediate additional moves, an…

Are Hedge Funds Falling Into An Oil Market Bear Trap?

Jul 06, 2017 at 16:22 | Tsvetana Paraskova

Oil prices have had a bumpy ride over the past month. On June 21, they hit a ten-month low amid concerns over rising supply from the U.S., Libya, and…

Don’t Count On Seasonality To Boost Oil Prices

Jul 06, 2017 at 15:27 | Brian Noble

Seasonality is a concept well understood by the capital markets. Take adages such as “Sell in May and go away,” which reputedly has its origin in the North American mining…

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