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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy

Bearish News Mounts For Oil Markets

Jun 06, 2017 at 12:21 | Tom Kool

The 9-month extension to the OPEC deal has had a surprisingly negative impact on oil prices, which headed downward once again at the start of the week due to the…

Is $75 Oil Still Possible?

Jun 06, 2017 at 11:48 | Oil & Gas 360

More draws predicted for late 2017, 2018 The oil market rebalancing is in progress, even if it is slower than expected, according to releases by Societe Generale and RBC Capital…

The Unlikely Alliance Between Russia And Saudi Arabia

Jun 06, 2017 at 10:48 | Metal Miner

It is something of an unholy alliance, but Russia and Saudi Arabia are becoming ever closer allies in a graphic example of realpolitik. The two would probably be implacable enemies…

Oil Markets Unshaken By Rising Geopolitical Tensions

Jun 06, 2017 at 09:49 | Matt Smith

As pockets of geopolitical tension leave the crude market neither shaken nor stirred, hark, today we dig into some of these hotspots to see what their energy flows look like,…

The Dark Side Of The Oil Tech Boom

Jun 05, 2017 at 15:58 | Haley Zaremba

As artificial intelligence becomes ever more attainable and tech start-ups continue to divide and multiply, traditional oilfield research and development is going the way of the buffalo. Drilling is still…

What Is Behind The Diplomatic Crisis In The Persian Gulf?

Jun 05, 2017 at 15:56 | Gregory Brew

A sudden diplomatic crisis broke out in the Persian Gulf on June 5, as a coalition of countries moved to isolate Qatar, the tiny oil and gas-rich emirate. In…

Can Canadian Crude Compete In Asia?

Jun 05, 2017 at 15:36 | Rakesh Upadhyay

Will the Canadian oil producers rake in higher prices for their crude oil if they sell to Asia? Is the U.S. unfairly discounting Canada’s heavy crude oil stream – the…

The Seismic Impact Of Self Driving Cars On Oil

Jun 05, 2017 at 14:57 | Irina Slav

All self-respecting automakers today have an electric car project. Most are either working on or considering an autonomous vehicle, too. E-cars are hot. Self-driving ones are even hotter. And according…

The War On Coal Is Over

Jun 05, 2017 at 11:55 | Leonard Hyman & William Tilles

The war on coal has ended. Not because the U.S. exempted itself from the Paris Climate Accord, nor because President Obama no longer sits in the Oval Office. "King Coal"…

OPEC’s Next Move: Expanding The Cartel

Jun 05, 2017 at 11:11 | Irina Slav

OPEC is working on establishing a legal relationship with its partners in the crude oil production cut agreement. This would mean a larger oil cartel controlling possibly more than half…

How Brazil’s Latest Oil Gamble May Backfire

Jun 05, 2017 at 10:11 | Dave Forest

Last week I described my unplanned stop in Brazil, part of my recent jaunt through South America. Where a plane breakdown, an unfolding corruption scandal, and a massive strike by…

Oil Markets On Edge As Arab States Cut Ties With Qatar

Jun 05, 2017 at 09:47 | Tsvetana Paraskova

Oil prices were off to a jumpy start in volatile trade on Monday after Saudi Arabia and five other Arab nations severed diplomatic ties with Qatar, accusing it of sponsoring…

Worst Hurricane Season In A Decade Threatens Gulf Coast Production

Jun 02, 2017 at 17:04 | Nick Cunningham

2017 could be an “above-normal” year for large hurricanes, according to the National Oceanic and Atmospheric Administration (NOAA), a potential problem for Gulf Coast oil drillers and refiners. NOAA

Are Super Rigs The Driver Behind The New Shale Boom?

Jun 02, 2017 at 16:47 | Tsvetana Paraskova

Cost cuts and efficiency—the two key ingredients of the U.S. shale’s recipe for surviving the worst of the downturn—have led to drillers now employing a growing number of rigs capable…

Are Oil Markets Becoming Untradeable?

Jun 02, 2017 at 16:37 | Brian Noble

Could it be that it’s been a case of ‘sound and fury signifying nothing’? According to technical analyst Chris Verrone of Strategas in New York, the crude oil/WTI complex has…

Will Trump’s Paris Agreement Decision Help Or Hurt The Energy Sector?

Jun 02, 2017 at 16:23 | Gregory Brew

President Donald Trump’s decision to take the United States out of the Paris climate agreement, which he announced before an audience outside the White House on Thursday, has been met…

Aramco Aims To Take Over The Offshore Rig Market

Jun 02, 2017 at 16:06 | Cyril Widdershoven

After several years of discussing the possibility of setting up a new shipyard in Saudi Arabia, the Kingdom’s national oil company, Saudi Aramco, has entered into a new adventure. As…

EIA Ups Global Oil Production Forecast

Jun 02, 2017 at 15:56 | Ron Patterson

The EIA recently updated its International Petroleum statistics. World Crude plus Condensate  (C+C) output was 80,577 kb/d in Feb 2017 an increase of…

OPEC Cuts Send Russia’s Oil Heartland Into Decline

Jun 02, 2017 at 15:54 | Irina Slav

Western Siberia is to Russia what the Permian is to the U.S. Well, kind of. Kind of in a sense that it’s one of the longest-producing oil regions and there’s…

Interest In Mexico’s Offshore Blocks Is Surging

Jun 02, 2017 at 15:50 | Oil & Gas 360

25 companies pre-qualified for upcoming lease sale The Comisión Nacional de Hidrocarburos (CNH), which will conduct the lease sale, has listed a total of 25 groups that have successfully pre-qualified…

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