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Energy

The Biggest Hoaxes In The Oil Market

May 30, 2017 at 15:31 | Viktor Katona

The most traded commodity of the 21st century, oil is an essential factor to both oil-producing and oil-importing nations’ financial stature, and consequently it remains intrinsically linked to politics. Yet…

Canadian Oil Sands Brace As Oil Majors Dump Shares

May 30, 2017 at 15:20 | Tsvetana Paraskova

Royal Dutch Shell and ConocoPhillips struck deals in March to sell Canadian oil assets to two Canada-based producers. In both deals, parts of the consideration for the transactions were shares…

Oil Markets Worry OPEC Has No Exit Strategy

May 30, 2017 at 14:17 | Tom Kool

Oil prices fell slightly on Monday as analysts worry about the long-term implications of the OPEC output cut deal, fearing that OPEC does not have an exit strategy.

Is This The "Mystery" Massive Long Supporting The Oil Market?

May 30, 2017 at 11:55 | ZeroHedge

Usually when CFTC data shows a big speculative position, it is easy to spot the corresponding mood amongst traders. For example, take the current situation with the Canadian dollar. There…

Saudi Prince Mohammed Meets With Putin To Discuss Oil, Syria

May 30, 2017 at 09:42 | Irina Slav

Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman is meeting Russian President Vladimir Putin today to discuss the extension of OPEC’s agreement with 11 other oil producers to extend the…

Is This Saudi Arabia’s Newest Strategy To Boost Oil Prices?

May 29, 2017 at 14:45 | Nick Cunningham

OPEC’s new strategy to balance the oil market is to cut oil exports to the U.S., a move intended to drain near-record-high crude oil inventories. OPEC originally thought that six…

Are Oil Prices $7 Too High?

May 29, 2017 at 14:37 | Arthur Berman

OPEC extended oil production cuts last week and oil prices plunged. OPEC’s goal was to keep a floor under current prices but the market expected the cartel to move prices…

Has Big Oil Regained Its Pre-Crash Position?

May 29, 2017 at 14:22 | Tsvetana Paraskova

The oil price crash battered the 2016 earnings of energy firms, but the usual suspects are still there in the rankings of the biggest oil and gas companies this year.…

How Much Will Inventories Shrink As OPEC Extends Cuts?

May 29, 2017 at 13:44 | Stuart Parnell

Well, if it’s the end of May, it must be time for another OPEC meeting. And sure enough it was. Yet again, the representatives of the OPEC nations got together…

Russian Energy Minister: Oil Markets To Rebalance In Q3 2017

May 29, 2017 at 13:27 | Oil & Gas 360

Russia’s Novak suggests Russia has more room for deeper cuts Crude oil prices fell more than 5 percent Thursday after OPEC extended a production cut deal which had originally help…

Is Goldman Sachs Playing With Fire In Venezuela?

May 29, 2017 at 12:01 | Tsvetana Paraskova

Goldman Sachs bought last week around US$2.8 billion bonds issued by Venezuela’s embattled state oil firm PDVSA, betting that a change in the Venezuelan regime could more than double the…

Iran Signs Oil For Goods Deal With Russia: Breaks Free Of Petrodollar

May 29, 2017 at 09:50 | ZeroHedge

Iran signed an agreement with Russia under which it has broken free from the petrodollar, and will "sell", or rather barter crude oil to Russia in exchange for products. The…

OPEC Extension Leaves Markets Unimpressed

May 26, 2017 at 17:14 | Martin Tillier

Those new to financial markets, and energy trading in particular, were probably somewhat puzzled by the price action in oil futures this week following the announcement by OPEC and some…

Not OPEC, China Dictates The Oil Prices

May 26, 2017 at 17:09 | Nick Cunningham

The OPEC deal will lead to an ongoing tightening of the crude oil market, putting a floor beneath crude prices in the $50s per barrel in the second half of…

Vienna Was A Bust: What’s Next For OPEC?

May 26, 2017 at 17:04 | Gregory Brew

At its conference in Vienna, OPEC announced a nine-month extension of its November 2016 deal to cut production. Markets were singularly unimpressed with the decision, which had been baked into…

Is China Liberalizing Its Oil And Gas Industry At The Right Time?

May 26, 2017 at 17:02 | Zainab Calcuttawala

Foreign oil companies will soon be able to invest in China’s upstream sector through joint ventures with the country’s three major fossil fuel companies, according to a new manifesto by…

Does OPEC Have An Exit Strategy?

May 26, 2017 at 17:02 | ZeroHedge

Oil bulls were unhappy with yesterday's OPEC announcement, which disappointed by adding nothing to the 9 month supply cut extension announcement which had already been leaked and largely priced in…

The Top 10 Nations Exporting Oil To The U.S.

May 26, 2017 at 16:53 | Oil & Gas 360

U.S. has brought crude oil from 80 nations into its refineries In the past 30 years, the U.S. has imported more than 91 billion barrels of oil, drawing from a…

The Big Data Revolution In Oil Is Accelerating

May 26, 2017 at 16:42 | Irina Slav

It was about time big data entered the lives of Big Oil. Yet it’s not happening exactly as expected. Oil companies are not making a mad dash to collect and…

Texas Shows No Sign Of Slowing Production Growth

May 26, 2017 at 16:38 | Ron Patterson

(Click to enlarge)The Chart above compares several different combinations of past (vintage) data to estimate output. The dotted line is based on the…

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