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Oil Ticks Lower on EIA Inventory Report

Oil Ticks Lower on EIA Inventory Report

Crude oil prices moved lower…

Energy

Oil Prices Slip As The U.S. Rig Count Continues To Climb

May 12, 2017 at 12:27 | Julianne Geiger

The number of active oil and gas rigs in the United States rose by 8 on Friday, according to oilfield services provider Baker Hughes. The total oil and gas…

Does This Oil Price Rally Have Legs?

May 12, 2017 at 10:02 | ZeroHedge

With oil prices spiking nearly 10 percent from last Friday's sudden, capitulation "flash crash" which was perhaps driven by Pierre Andurand liquidating his entire long book, there has been a…

3 Reasons Natural Gas Is Heading A Lot Higher

May 11, 2017 at 16:12 | Martin Tillier

Commodity pricing is a complex thing, with a whole host of things affecting the price at which buyers and sellers transact, but almost all of those things fall into one…

U.S. Shale Spending Dwarfs Competition: Grows 10 Times Faster

May 11, 2017 at 13:44 | Tsvetana Paraskova

While OPEC has just two weeks left until the May 25th meeting to decide on an extension of its production cuts, U.S. shale is back to drilling and planning capital…

Oil Price Volatility Spikes Amid OPEC’s Charm Offensive

May 11, 2017 at 13:40 | Brian Noble

"Well he would say that, wouldn’t he.” Mandy Rice Davies at the time of the Profumo scandal, 1963. OPEC has mounted yet another charm offensive as a result of last…

Is Big Data The New Big Oil?

May 11, 2017 at 13:37 | Zainab Calcuttawala

On May 15th, 1911, the United States Supreme Court ruled against Standard Oil Co. of New Jersey, a subsidiary of petroleum giant Standard Oil that had engaged in anticompetitive business…

Should OPEC Abandon Its Current Oil Price Strategy?

May 11, 2017 at 13:34 | Precise Consultants

If OPEC was a person, you’d recommend either therapy or that it cut its losses and start licking its wounds. As Bill Baruch, chief market strategist at iiTRADER told

Oil Rallies Higher, Undeterred By ‘Surprise Surge’ In U.S. Production

May 11, 2017 at 11:56 | Matt Smith

Oil is rallying for a second consecutive day, with continued positive momentum from yesterday's weekly inventory report, in combination with rising hopes of deeper and/or longer production cut commitments by…

Oil Edges Higher As OPEC Reaches Consensus On Cut Extension

May 11, 2017 at 10:11 | Irina Slav

OPEC members and their partners in the oil production cut agreements from last November and December have reached a consensus to extend the deal until the end of 2017, the…

Is This Country Africa’s Qatar Of Natural Gas?

May 11, 2017 at 09:55 | Zainab Calcuttawala

Mozambique had decided that its massive natural gas reserves would be the country’s ticket off of the world’s poorest countries shortlist – but mismanagement of domestic strife and wonky fiscal…

Why Goldman Thinks You Should Go Long On Oil

May 10, 2017 at 15:54 | Nick Cunningham

As pessimism sweeps over the oil market, a few prominent voices are unbowed, arguing that the market is well on its way towards balance. Goldman Sachs’ head of commodities Jeff…

Russian Producers Fall Behind As Big Oil Booms

May 10, 2017 at 15:49 | Irina Slav

While Big Oil beat analyst expectations with its first-quarter performance, Russia’s biggest player in the field, Rosneft, missed expectations, reporting US$200 million in net profits for the period. The…

Libya, Nigeria, And Iraq – A Triple Threat To The OPEC Deal

May 10, 2017 at 15:39 | Nick Cunningham

Saudi Arabia’s energy minister Khalid al-Falih tried to put the markets at ease by all but confirming that OPEC would extend its production cuts through the end of the year.…

World’s Largest Oil Trader Warns OPEC: Beware Of Weak Demand

May 10, 2017 at 13:24 | ZeroHedge

When it comes to the oil market, the narrative over the past year, ever since OPEC's first aborted its meeting last April, has been just one: limit crude supply in…

Gas Looting In Mexico Turns Deadly

May 10, 2017 at 12:43 | Haley Zaremba

On May 3, a government investigation into illegal pipeline taps in the central state of Puebla turned violent. Gunmen using local civilians as human shields opened fire on army officials,…

IEA Sees Oil Market Supply Deficit Deepen Significantly This Year

May 10, 2017 at 12:22 | Tsvetana Paraskova

Global oil demand will exceed supply in the second quarter, and even more so until the end of the year, if OPEC extends the production cuts, according to Neil Atkinson,…

Oil Prices Jump On Bullish Inventory Data, Saudi Export Cuts

May 10, 2017 at 11:41 | Matt Smith

After yesterday's monthly EIA report, and tomorrow's monthly OPEC report, the weekly EIA inventory report acts as the filling in this energy data sandwich. While have to wait until next…

Bullish EIA Inventory Data Boosts Crude Prices

May 10, 2017 at 09:49 | Irina Slav

Amid increasingly stronger signals from OPEC that the production cut extension will be extended into the second half of 2017 and even beyond that, the EIA reported a draw…

Libya’s Oil Output Tops 800,000 Bpd For The First Time Since 2014

May 10, 2017 at 09:28 | Tsvetana Paraskova

Libya’s crude oil production has exceeded 800,000 bpd for the first time since 2014, and could average up to 1.2 million bpd for the rest of this year if oil…

Production Cuts vs Innovation – Why OPEC Has Lost The Oil Price War

May 09, 2017 at 14:40 | Peter Tertzakian

OPEC and its cartel of friends must be sweating condensates in advance of their May 25th meeting. The oil price war, triggered almost three years ago, is far from over.…

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