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Energy

Are Oil Markets Rangebound Again?

Jun 02, 2017 at 14:07 | Jim Hyerczyk

September West Texas Intermediate Crude Oil futures struggled on the upside from the start and are likely to finish lower for the week. The selling started on Tuesday after the…

OPEC’s Conundrum: Higher Prices Or Market Share

Jun 02, 2017 at 12:51 | Tom Kool

Oil prices retraced this week as oversupply worries once again resurfaced in spite of a bullish U.S. inventory report. (Click to enlarge)

Oil Prices Fall As U.S. Rig Count Rises For 20th Straight Week

Jun 02, 2017 at 12:26 | Julianne Geiger

The number of active oil and gas rigs in the United States rose for the twentieth straight week, Baker Hughes reported on Friday—this time by 8, as drillers in…

Oil Prices Retreat As U.S. Abandons Paris Climate Agreement

Jun 02, 2017 at 11:09 | Matt Smith

As oil ventures into forty dollardom once more, today's blog takes a peek at a number of supply side influences, from Basrah buoyed to Brazil nuttiness, all via a 'call…

Saudis: OPEC May Discuss Deeper Cuts In November

Jun 02, 2017 at 10:13 | Tsvetana Paraskova

OPEC and the non-OPEC producers that are part of the production cut deal may consider deepening the output cuts at the cartel’s next meeting in Vienna in November, Saudi Arabia’s…

You Didn’t Hear About It, But Every Oil Pro Is Watching This Gov’t Decision

Jun 02, 2017 at 09:32 | Dave Forest

It barely got any coverage in the press this week. But one of the biggest happenings in oil just came down, in a place everyone in the petro-world is looking…

Will Trump Push Back Against Putin’s Pipeline Play?

Jun 01, 2017 at 14:46 | Nick Cunningham

Russia’s natural gas strategy in Europe is getting increased scrutiny from some U.S. lawmakers who worry about European energy dependence on their eastern neighbor. However, a major pipeline is inching…

New BC Government Could Jeopardize Canadian Oil Exports

Jun 01, 2017 at 14:23 | Tsvetana Paraskova

The upcoming change in British Columbia’s government could stall the Canadian oil industry’s plans to compete globally by exporting crude to Asia—the world’s fastest growing refining market of which Middle…

Will Self-Driving Oil Rigs Hit The Market Before Self-Driving Cars?

Jun 01, 2017 at 14:10 | Irina Slav

Last week, drilling contractor Helmerich & Payne bought Motive Drilling Technologies for up to US$100 million. The deal passed without much fanfare because of its size, perhaps, but it…

Russia’s Economy Minister: Russia Can Live Forever At $40 Oil

Jun 01, 2017 at 12:22 | Tsvetana Paraskova

The OPEC/non-OPEC deal is working, and the current underlying key assumption of Russia’s economic policies—oil prices at US$40—can allow it to live forever at that price or below, Russia’s Economy…

Russia Has No Plans To Further Privatize Oil Industry

Jun 01, 2017 at 11:10 | Irina Slav

Russia does not plan to privatize its oil sector, Kremlin spokesman Dmitry Peskov told media, after former Finance Minister Alexey Kudrin insisted that the oil industry must be privatized fully…

Oil Prices Rise As EIA Confirms Strong Draw To Crude Inventories

Jun 01, 2017 at 10:22 | Irina Slav

A day after the American Petroleum Institute played the fairy godmother to oil bulls by reporting a huge draw in U.S. crude inventories, the EIA reinforced the mood by…

Has Permian Productivity Peaked?

May 31, 2017 at 16:36 | Nick Cunningham

The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year,…

Is History Repeating Itself In The Oil Markets?

May 31, 2017 at 16:08 | David Melton

It wasn’t that long ago, 19 years to be precise, when the average oil price was $11.91 per barrel (WTI). Are world conditions such that we could see that price…

Should Markets Fear Iran’s Plans To Boost Oil Output?

May 31, 2017 at 14:48 | Gregory Brew

Last week’s OPEC meeting was characterized by a certain banality. The news that OPEC and non-OPEC members would agree to another nine months of production cuts elicited a collective…

Oil Theft Around The World: Cartels And Exploding Donkeys

May 31, 2017 at 14:38 | Zainab Calcuttawala

Thousands of miles of oil pipelines connect the world’s oil producing hubs to their key customers’ refineries and electrical grids. By replacing trucks, the advent of the pipeline has dramatically…

Exxon Suffers Stinging Defeat On Shareholder Climate Resolution

May 31, 2017 at 14:11 | Nick Cunningham

ExxonMobil tried to beat back a move from shareholders to press the company to disclose its vulnerabilities to climate change and climate regulation, but it failed. At its annual meeting…

Will This Foreign Oil Giant Grab Iran's First Post-Sanctions Project?

May 31, 2017 at 10:23 | Dave Forest

Iran's newly-opened oil patch continues to gain momentum. With the UAE's Emirates National Oil Company saying this week it has paid $4 billion to Iran to settle a tab for…

Saudis, Russia Will Do “Whatever It Takes” To Bring Oil To Balance

May 31, 2017 at 10:18 | Tsvetana Paraskova

OPEC and non-OPEC producers part of the production cut deal are committed to drawing the global crude oil inventories down to their five-year average, Saudi Energy Minister Khalid al-Falih

4 Wildly Different Oil Price Scenarios For 2020

May 30, 2017 at 15:31 | Nick Cunningham

After the nine-month extension of the OPEC deal, there is a growing consensus that oil might bounce around in the $50s and $60s for the rest of the year. But…

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