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Energy

Gulf Of Mexico Growth Second Only To Permian

Jul 28, 2017 at 16:45 | Oil & Gas 360

GOM growth second only to Permian Big projects are coming back, according to the U.S. government’s energy data compiler. Gulf of Mexico oil production is projected to have the second-largest…

Saudi Arabia Moves To Privatize Utilities Ahead Of Vision 2030

Jul 28, 2017 at 16:38 | Oxford Business Group

Moves to privatise utilities assets in Saudi Arabia and expand the reach of its networks through increased investment should create new opportunities for private operators and service providers. Near-term asset…

The Key To Profiting In A Volatile Oil Market

Jul 28, 2017 at 16:33 | Dan Dicker

Yesterday’s quarterly report from Conoco-Philips (COP) is showing a renewed trend among oil companies, mirroring the report of Anadarko Petroleum (APC) a few days earlier. Both are reporting negative earnings…

Structuring A Trade For The Top Of The Channel

Jul 28, 2017 at 16:33 | Martin Tillier

For any trader, a perfect and clear chart pattern is a wonderful thing to behold. Even those like me who understand that technical and chart analysis has its limitations and…

Bullishness Is Back In The Oil Patch

Jul 28, 2017 at 16:33 | Editorial Dept

Friday July 28, 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 28th July 2017

Jul 28, 2017 at 16:26 | Editorial Dept

Nigeria, exempt from OPEC’s oil output cut deal, has agreed to stop ramping up its production once it hits 1.8 million barrels per day. A milestone that is nearing, with…

Is This Oil Price Rally Grinding To A Halt?

Jul 28, 2017 at 16:22 | Jim Hyerczyk

U.S West Texas Intermediate and international-benchmark Brent crude oil futures were trading near an 8-week high as of early Friday after posting four straight sessions of higher closes. Support continued…

Can Oil Continue To Rally?

Jul 28, 2017 at 15:54 | SCS OTC Corp

- WTI registered its best week of the year on strong fundamental data, OPEC progress and currency tailwinds. The physical market is showing signs of health with sharp inventory draws…

Is This Oil Price Rally Sustainable?

Jul 28, 2017 at 13:18 | Tom Kool

Oil prices have recovered as a result of a flurry of bullish catalysts, and while most oil majors see earnings improve, upstream investments are falling.

Pace Of US Oil Rig Count Growth Slows As Prices Climb

Jul 28, 2017 at 12:24 | Julianne Geiger

The number of active oil rigs in the United States rose this week by 2 rigs showing a growth—albeit a slower one—in oil drilling as US players proceed more…

Oil Prices Rise As Saudi Arabia Attacks The Glut

Jul 28, 2017 at 11:05 | Matt Smith

Back in late May, Saudi Oil Minister Khalid Al-Falih said that 'exports to the U.S. will drop measurably', as the OPEC Kingpin adjusted its focus to reducing exports to…

Goldman Sachs: Oil Market To Rebalance By Early 2018

Jul 28, 2017 at 10:09 | Tsvetana Paraskova

Recent data show that the rebalancing of the oil market is speeding up and if the drawdown trends are sustained, stockpiles will normalize by early 2018, Goldman Sachs said…

Exxon Reports Twofold Rise In Profit, But Stock Plunges

Jul 28, 2017 at 09:00 | Irina Slav

Exxon reported a profit of US$3.35 billion for the second quarter of the year, up from US$1.7 billion a year earlier, thanks to better refining margins and higher oil…

Is A Bull Market For Natural Gas Around The Corner?

Jul 27, 2017 at 14:27 | Tsvetana Paraskova

While the number of drilled but uncompleted wells (DUCs) in the U.S. oil patch is growing as producers wait for higher oil prices, the shale gas plays have seen the…

Never Again: Big Oil Is Back And Practicing Caution

Jul 27, 2017 at 14:27 | Nick Cunningham

Royal Dutch Shell posted much better-than-expected earnings for the second quarter, a sign that the oil majors are adapting to a low oil price environment. Net profit jumped to $3.6…

Barclays: Oil Could Rise By $7 If U.S. Sanctions Venezuela

Jul 27, 2017 at 14:26 | ZeroHedge

As discussed over the weekend, the endgame in Venezuela is accelerating and it is now only a matter of time before the Maduro regime exits, stage left, the only…

Why Are Majors Shying Away From Gazprom?

Jul 27, 2017 at 13:34 | Viktor Katona

Despite being the operator of Russia’s only operating LNG project, Sakhalin II, Gazprom has experienced quite a bit of misfortune with its pursuits. Its flagship endeavor, Shtokman LNG, ran…

Oil Rises To 8-Week High Following Unexpected U.S. Inventory Draw

Jul 27, 2017 at 12:51 | Tsvetana Paraskova

After a somewhat weak start to the Thursday session, oil prices rose to eight-week highs by noon, boosted by a stronger-than-expected inventory draw in the U.S. and pledges by…

Could Brazil Derail The OPEC Deal?

Jul 27, 2017 at 11:53 | Ron Patterson

Brazil is a major oil producing country, but in 2016 was still a net importer, though imports dropped significantly and they have been a slight exporter overall so far this…

How Oil Prices Are Held Hostage By Derivatives

Jul 27, 2017 at 10:37 | Kent Moors

The price of oil might just be the single most important number in the modern economy. Not only does it determine how much it costs you to drive to work,…

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