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Oil Prices Gain 2% on Tightening Supply

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Energy

OPEC Optimism Lifts Oil Prices To One-Month High

May 23, 2017 at 11:28 | Matt Smith

Last week we discussed how some OPEC producers are exhibiting compliance via lower exports, while others are not. Our export data affirms what others are saying about Iraq: that…

Kuwait: Deeper Cuts Are On The Table

May 23, 2017 at 11:01 | Tsvetana Paraskova

OPEC is committed to restore the balance of the oil market and is not ruling out any option for discussion at the upcoming meeting on Thursday, including considering deeper cuts,…

Trump To Sell Half The Strategic Petroleum Reserve

May 23, 2017 at 09:42 | Irina Slav

In a release of part of the draft budget for fiscal 2018, the Trump administration has proposed halving the strategic petroleum reserve, which will raise some US$500 million …

The 5 Possible Outcomes Of The OPEC Meeting

May 22, 2017 at 14:01 | Nick Cunningham

The highly-anticipated OPEC meeting will take place this week, but unlike the last few meetings, the hype and excitement is much less palpable. That is largely because the end result…

Saudi vs Shale: The Breakeven Myth

May 22, 2017 at 14:00 | Irina Slav

Saudi Arabia is well known for its super low production costs for oil. In fact, its oil is almost the cheapest to extract. Only Kuwait sports even lower costs, according…

Canada And Brazil Could Jeopardize Oil Market Balance

May 22, 2017 at 13:42 | Tsvetana Paraskova

As OPEC and its partners prepare to reveal the details of what most expect to be an output cut extension, all eyes in the oil industry are on U.S. shale…

Russia And The Saudis: An Oil Marriage Of Convenience

May 22, 2017 at 13:34 | Gregory Brew

President Donald Trump’s visit to Saudi Arabia last week was full of pageantry, defense agreements and rhetoric extolling the decades-long Saudi-US alignment. Among the various strategic interests bringing Riyadh and…

Venezuela: The Brutal Consequences Of Oil Addiction

May 22, 2017 at 13:27 | Haley Zaremba

Oil prices continue to waver after an 18-month slump, and the world’s most oil-dependent nations are feeling the effects. Saudi Arabia, home of the world’s biggest oil company Saudi Aramco,…

The Lowest Shale Breakeven Costs Are Here

May 22, 2017 at 13:04 | Oil & Gas 360

The Federal Reserve Bank of Dallas released its Energy Indicators report, outlining the continued recovery of the oil and gas industry. No surprise Texas is the heart of oil and…

Oil Prices Rise As Saudis Discuss OPEC Deal Extension With Iraq

May 22, 2017 at 12:01 | Tsvetana Paraskova

Saudi Arabia’s Oil Minister Khalid al-Falih is meeting with Iraqi Oil Minister Jabar Ali al-Luaibi in Baghdad on Monday as OPEC’s de facto leader is trying to persuade fellow cartel…

OPEC Thinks Deeper Cuts Might Not Be Required

May 22, 2017 at 09:57 | Irina Slav

The addition of another couple of smaller producers to the OPEC-non-OPEC oil production cut deal will be enough to bring global supply to a more acceptable level. That’s what Saudi…

This Could Be Oil’s Last Trip Into The $40’s

May 19, 2017 at 16:50 | Dan Dicker

No need to bury the lede in this week’s column: OPEC will extend production guidelines in next week’s meeting in Vienna, and extend them even more than originally planned. The…

Today's Stunted Oil Prices Could Cause Oil Price Shock In 2020

May 19, 2017 at 16:48 | Haley Zaremba

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. As Saudi Arabia announces plans to slash production and…

Does The Permian’s Sweet Spot Hold 8 Times More Oil Than Predicted?

May 19, 2017 at 16:47 | Tsvetana Paraskova

What with all the rig additions, land deals, and low breakeven costs, the Permian basin has been the subject of much love from the oil industry as of late, and…

Frac Sand Fraud Could Lead To 180-Year Prison For Texas Senator

May 19, 2017 at 16:41 | Irina Slav

Ponzi schemes are an enduring kind of fraud, one of whose many attractions for people looking to make money on other people’s backs is that they can be applied to…

Saudis May Enter The Shale Game

May 19, 2017 at 16:40 | Oil & Gas 360

Flooding the market has quickly emptied the kingdom’s checkbook In case you missed the past three years, on Thanksgiving Day 2014, OPEC announced it would not cut oil production in…

Guyana Oil: From Rags To Riches

May 19, 2017 at 16:35 | Drilling Info

The Search For El Dorado The first time I landed in Georgetown, Guyana, nearly a decade ago, the impoverished former British colony was grappling with limited economic fortunes. Covered by…

Shareholders Assess Climate Risks To Oil Majors

May 19, 2017 at 16:34 | Nick Cunningham

On May 12, shareholders of Occidental Petroleum - the $46 billion company oil and gas company - passed a resolution calling on the company to assess its vulnerability to climate…

Energy Industry Deals Expected To Be Struck During Trump’s Saudi Visit

May 19, 2017 at 16:29 | Jared Anderson

President Trump’s first official overseas trip to Saudi Arabia is designed to address numerous critical security, economic, religious, and social issues. And while cooperation in the fight against terrorism is…

U.S. Shale Is Turning Up The Heat On OPEC

May 19, 2017 at 16:24 | Oil & Gas 360

OPEC has been restraining production since the beginning of the year, after a group of cartel members teamed with Russia and other non-OPECs and agreed to production cuts last November.…

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