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Breaking News:

Asian Oil Imports Dropped in April

Energy

OPEC Deal In Jeopardy As Libyan Oil Output Nears 1 Million Bpd

Jun 16, 2017 at 17:38 | Tsvetana Paraskova

Libya—whose production has been hampered by civil unrest, political divides, and oil export terminals blockades over the past few years—is now targeting to further increase its oil output. Its most…

Oil Sands Output Growth Second Only To Shale

Jun 16, 2017 at 17:34 | Irina Slav

Canada’s Mordor, as environmentalists like to call the oil sands, is notorious for how “dirty” oil extraction is there. It’s also notorious for how expensive it is to extract. The…

Why Romania Can’t Privatize Its Energy Sector

Jun 16, 2017 at 17:30 | Shadow Governance Intel

Romania’s energy sector is characterised by the influence that the state continues to exert. Despite initiating several privatisation processes following the collapse of the Soviet Union, these have consistently been…

Is The U.S. Utility Industry Breaking Free From Its Death Spiral?

Jun 16, 2017 at 17:26 | Leonard Hyman & William Tilles

The U.S. investor owned electric utility industry raked in the money in 2016. According numbers just re-leased by industry trade group the Edison Electric Institute (EEI), pretax operating income (operating…

Germany, Austria Slam U.S. Sanctions Against Russia

Jun 16, 2017 at 17:21 | ZeroHedge

Less than a day after the Senate overwhelmingly voted to impose new sanctions against the Kremlin, on Thursday Germany and Austria - two of Russia's biggest energy clients in…

As Production Cuts Fail To Raise Prices, Saudis Look At Exports

Jun 16, 2017 at 17:20 | Oil & Gas 360

Crude oil prices hit a five-week low Wednesday as OPEC production rose and U.S. inventories showed smaller than expected draws. OPEC has been trying to bolster oil prices with a…

OPEC Production Up As Exempt Countries Increase Output

Jun 16, 2017 at 17:17 | Ron Patterson

All data below is based on the latest OPEC Monthly Oil Market Report. All data is through May 2017 and is in thousand barrels per day.

Oil Prices Fall, But The Macro Picture Looks Bright

Jun 16, 2017 at 16:45 | Dan Dicker

Times are rough, if you’re an energy investor, there’s no doubt about it. But it’s important to remember why you’re a subscriber here at the Oilprice premium service and why…

Oil Prices: Fundamental And Technical Analysis Conflict

Jun 16, 2017 at 16:45 | Martin Tillier

Analysis of markets of any kind, stocks, bonds, currencies or commodities basically falls into one of two categories, fundamental and technical. In an ideal world both types of analysis support…

Despite OPEC’s Best Efforts Oil Inventories Have Grown

Jun 16, 2017 at 16:42 | Editorial Dept

Friday June 16, 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 - 16th June 2017

Jun 16, 2017 at 16:37 | Editorial Dept

Libya is getting closer to realizing its goal of boosting crude oil production to 1 million barrels per day after it struck an agreement with German Wintershall that led to…

Natural Gas Recovers As Oil Bulls Hope For A Short Covering Rally

Jun 16, 2017 at 16:32 | Jim Hyerczyk

Weekly September Natural Gas Recap September natural gas futures jumped over 4 percent on Thursday after a government report showed a smaller-than-expected inventory increase. The rally caught the mostly short…

Can Oil Come Back From Its Longest Losing Streak In Years?

Jun 16, 2017 at 13:59 | Tom Kool

Oil prices recovered somewhat in Friday’s trading session as markets reacted stoically on another rise in the U.S. rig count. (Click to enlarge)

No Respite For Oil Prices As U.S. Rig Count Gains, Canada Adds 27 Rigs

Jun 16, 2017 at 12:23 | Julianne Geiger

The number of active oil and gas rigs in the United States rose again this week by 6—making 22 weeks of gains, continuing the longest growth streak in oil…

Are Hedge Funds Growing Weary Of The Permian?

Jun 16, 2017 at 11:24 | Irina Slav

Eight hedge funds have pulled out more than US$400 million in positions in ten big shale oil and gas companies active in the Permian, Reuters reported, as the financial…

Oil Prices Up, Still Poised For Longest Weekly Losing Streak Since 2015

Jun 16, 2017 at 09:14 | Tsvetana Paraskova

After oil prices hit the lowest in seven months earlier this week, they were tentatively rising early on Friday, but were still on course to post the fourth consecutive week…

Yemen War Threatens Crucial Oil Chokepoint

Jun 15, 2017 at 16:56 | Zainab Calcuttawala

The Bab al-Mandan strait, which facilitates the transfer of 4 million barrels of oil to Middle Eastern markets everyday, has become increasingly contentious over the past few weeks as…

Iraq Dethrones Saudi Arabia As India’s No.1 Oil Supplier

Jun 15, 2017 at 16:51 | Irina Slav

Iraq has been India’s largest supplier of crude oil for the last three months, shipping data from Bloomberg has revealed. This means that OPEC’s number-two has dethroned the cartel’s…

Is China Inflating Its EV Sales?

Jun 15, 2017 at 15:01 | Jon LeSage

While China is being applauded as the world’s leading market for battery electric and plug-in hybrid vehicle sales, automakers are becoming frustrated over how to actually carry out a profitable…

Big Oil Opposes Trump’s Budget Plans

Jun 15, 2017 at 14:48 | Kent Moors

In its recent 2018 budget, the Trump Administration included a huge energy announcement. While it went mostly under the radar, the budget included a proposal to sell half of the…

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