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Energy

Analysts: Much Deeper OPEC Cuts Are Needed

Jun 14, 2017 at 11:00 | Irina Slav

The International Energy Agency had a nasty surprise for OPEC and its partners in the oil output cut agreement today. According to the authority, non-OPEC production in 2018 will increase…

Minor Crude Inventory Draw Gives Bulls Glimmer Of Hope

Jun 14, 2017 at 09:54 | Irina Slav

Today, the Energy Information Administration gave oil bulls a glimmer of hope by reporting a draw in inventories of 1.7 million barrels for the week to June 9. The…

Hedging Rush In U.S. Shale Could Send Prices Tanking

Jun 13, 2017 at 16:53 | Nick Cunningham

The U.S. shale industry could add yet another dose of new supply in July, with the EIA projecting production growth of about 127,000 barrels per day month-on-month. The fact that…

The Downturn Is Over, But U.S. Oil Companies Face A Huge Problem

Jun 13, 2017 at 16:30 | Tsvetana Paraskova

The downturn may be over, but the oil price crash has left behind potentially long-term consequences for the oil industry. In the wake of the oil price rout that started…

Kurdish Oil: The Two Biggest Threats

Jun 13, 2017 at 14:18 | Shadow Governance Intel

As the Kurdistan Regional Government (KRG) seeks to restore pre-2014 levels of attractiveness to its energy sector from an investment standpoint, it grapples with several key challenges. Chief among these…

North American Pipeline Capacity Crisis Looms Large

Jun 13, 2017 at 14:18 | Irina Slav

Canada’s problem with its oil pipeline capacity is becoming increasingly serious as opposition to new pipelines is growing in intensity. The situation will only worsen in the coming months as…

Oil Flat As OPEC Sees Market Balancing At “Slower Pace”

Jun 13, 2017 at 13:53 | Tom Kool

Oil prices held mid to higher $40’s as OPEC admits it sees the markets rebalancing at a slower pace than anticipated. (Click to enlarge)

Could Russian Hackers Cause Power Outages In The U.S.?

Jun 13, 2017 at 12:47 | RFE/RL staff

Hackers believed to be allied with the Russian government have devised a cyberweapon that has the potential to be highly disruptive against the world's electrical systems, researchers have reported. The…

Shale Output Set To Hit All Time High Next Month

Jun 13, 2017 at 11:53 | ZeroHedge

While the June oil production data is still pending, it is safe to say that the June oil output from U.S. shale producers - estimated today by the EIA…

Conflicting News Keeps Oil Prices Down

Jun 13, 2017 at 10:20 | Stuart Parnell

I don’t know about the rest of you guys, but is anyone else feeling a bit hinky about the price of oil? Every time we seem to have the table…

Does This $2.5B Bidding War Signal A Resurgence For Coal?

Jun 13, 2017 at 09:38 | Dave Forest

The past year’s big run in coal prices is fading. With rates for benchmark products like Australian thermal recently sagging to $80/tonne — after a rise that took that commodity…

Oil Prices Retreat On Rising OPEC Output In May

Jun 13, 2017 at 09:14 | Tsvetana Paraskova

Oil prices reversed earlier gains and drifted lower in early morning trade on Tuesday, after OPEC said that its crude oil production in May rose—despite the output cut deal—on the…

Oil Prices Are Set To Rebound

Jun 12, 2017 at 16:17 | Nick Cunningham

The latest selloff in oil prices have left speculators in a predicament: The fundamentals continue to look poor with unimpressive drawdowns in crude oil stocks, but there is a general…

Is Big Oil’s Bet On Petrochemicals A Bust?

Jun 12, 2017 at 14:21 | Haley Zaremba

Thanks to the last years’ unstable crude markets, peak oil demand looming around the corner, rising use of renewable energy and electric vehicles, and flooded markets, big oil is looking…

Top Asset Managers Still Bullish On Crude

Jun 12, 2017 at 14:20 | Henry Trinh

With U.S. investment managers and hedge funds reporting their quarterly equity positions ahead of the SEC deadline last month, some of the world’s largest asset managers are still taking bullish…

Can U.S. LNG Challenge Gazprom In Europe?

Jun 12, 2017 at 14:14 | Irina Slav

The first cargo of U.S. liquefied natural gas last week reached its destination in Poland. The country’s Prime Minister called this “a historical moment,” that brought the Central European country…

Saudis Cut Back Oil Supply To Asia, Slash Exports To U.S.

Jun 12, 2017 at 11:00 | Tsvetana Paraskova

OPEC’s de facto leader and the world’s biggest crude oil exporter, Saudi Arabia, will be reducing exports to some of its buyers in Asia next month, and will significantly cut…

Russia, Saudi Arabia: The OPEC Deal Works Fine

Jun 12, 2017 at 09:24 | Irina Slav

Russia and Saudi Arabia, the biggest participants in the international oil production cut deal, seem to be still confident that it will achieve the results everyone in OPEC and its…

Record Breaking U.S. Exports Could Hurt Oil Markets

Jun 09, 2017 at 16:27 | Nick Cunningham

U.S. exports have spiked in recent weeks, upending longstanding trade flows. But while that may be good news for some U.S. drillers, the unusually high level of crude exports are…

Can OPEC Keep Its Nerve?

Jun 09, 2017 at 16:24 | Drilling Info

The recent OPEC agreement to extend production cuts for a further nine months has had a mixed response from industry commentators. For some, it’s an example of OPEC’s new steadfastness…

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