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Energy

U.S. Oil Exports Increase While Import Dependence Falls

Apr 07, 2017 at 16:52 | Editorial Dept

Friday April 7, 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 - 7th April 2017

Apr 07, 2017 at 16:47 | Editorial Dept

Politics, Geopolitics & Conflict • Nothing like an air strike on Syria to bring us back to what everybody hated about Clinton’s foreign policy. It’s taken only a few months…

Oil Markets Approach Battle Zone

Apr 07, 2017 at 16:47 | Jim Hyerczyk

June West Texas Intermediate crude oil futures closed more than 1 percent higher on Thursday, putting the market in a position to post a solid gain for a second consecutive…

Syria Airstrikes Remind Oil Markets Of Geopolitical Risk

Apr 07, 2017 at 16:47 | SCS OTC Corp

- In a 1999 episode of the iconic TV series The West Wing (yes, iconic) President Jed Bartlet was dealing with a crisis. The Syrian government had shot down a…

Geopolitical Risk Premium Is Back In Oil

Apr 07, 2017 at 13:42 | Tom Kool

WTI and Brent jumped to one month highs on the news of U.S. airstrikes in Syria, and while direct risks to oil supply are limited, oil traders are on edge.

OPEC Can’t Stop The Beat: U.S. Adds 10 Oil Rigs

Apr 07, 2017 at 12:32 | Julianne Geiger

The United States oil and gas rig count jumped by 15 this week, to its highest level since September 18, 2015, according to Baker Hughes’ latest report on domestic…

Oil Prices Rise Ahead Of Rig Count Data

Apr 07, 2017 at 11:39 | Matt Smith

After oil prices spiked higher overnight amid a U.S. airstrike on Syria, an underwhelming monthly employment report this morning has helped to unravel most of these gains. As the market…

Oil Jumps To One-Month High After U.S. Missile Strike In Syria

Apr 07, 2017 at 08:32 | Irina Slav

International oil prices spiked to a one-month high after President Trump ordered missile strikes against Syrian military infrastructure in response to a chemical weapons attack for which security sources…

Saudi Arabia Vs. Russia: The Next Oil Price War

Apr 06, 2017 at 16:53 | Cyril Widdershoven

International oil markets could be heading towards a new war, as leading OPEC and non-OPEC producers are vying for increased stakes. The unexpected cooperation between OPEC and non-OPEC countries, instigated…

Bankrupt Oil Companies Pay Huge Bonuses To CEOs

Apr 06, 2017 at 15:19 | Irina Slav

The oil price rout that sent several hundred U.S. oil and gas companies under seems to be largely over, and in a somewhat surprising turn of events, some chief executives…

U.S. Threatens OPEC As Oil Exports Hit Record High

Apr 06, 2017 at 14:38 | Nick Cunningham

U.S. oil exports jumped to a record high in February, rising by a whopping 35 percent from a month earlier. At over 1 million barrels per day (mb/d), the U.S.…

Did The Banks Just Give U.S. Shale A Carte Blanche?

Apr 06, 2017 at 14:32 | Tsvetana Paraskova

Twice a year, in April and in October, banks review the creditworthiness of oil and gas companies in what is known as a borrowing base redetermination. Ahead of this year’s…

Oil Heads Higher As Iran And Saudi Arabia Draw On Reserves

Apr 06, 2017 at 13:16 | Matt Smith

Oil is ticking higher today, as speculators continue to bet on the prospect of the market tightening. As Nonfarm payrolls beckon tomorrow, hark, here are five things to consider in…

Saudi Aramco To Invest In India’s Biggest Refinery

Apr 06, 2017 at 12:32 | Tsvetana Paraskova

Saudi Aramco is in talks to buy a stake in a planned refinery expected to be built on India’s west coast that would be the country’s biggest refinery and…

Most Middle East Oil Producers Won’t Break Even This Year

Apr 06, 2017 at 10:41 | Irina Slav

Most crude oil producers in the Middle East, Africa and the emerging economies of Europe (EEMEA) won’t be able to patch up their budgets this year, Fitch Ratings warned, forecasting…

Canadian Oil Prices Surge As Upgrader Goes Offline

Apr 06, 2017 at 09:41 | Irina Slav

An unscheduled suspension of operations at Syncrude’s upgrader in Alberta has lifted Canadian oil prices substantially, also strengthening U.S. blends that make up WTI, as the bulk of Canadian…

OPEC’s No.2 Goes Rogue: Plans 600,000 Bpd Oil Output Increase

Apr 05, 2017 at 16:47 | Irina Slav

Iraq has plans to boost its crude oil production by 600,000 bpd to 5 million bpd by the end of this year, regardless of its participation in OPEC’s production…

The Insignificant Truth: Why Gasoline And Distillate Draws Don’t Matter

Apr 05, 2017 at 16:42 | Rakesh Upadhyay

The oil products that we use—such as gasoline, diesel, and heating oil—are all refined from crude oil. If the demand for these refined products increases, then the demand for crude…

Obliterating ISIS May Hamper Iraqi Oil Production

Apr 05, 2017 at 16:39 | Nick Cunningham

Iraq says it cut output by 300,000 bpd in March, taking production down to an average of 4.464 million barrels per day (mb/d). That puts Iraq at about 98…

Exxon To Enter The Most Sought After Oil Play In The World

Apr 05, 2017 at 14:07 | Nick Cunningham

The Wall Street Journal reported that Exxon is looking to jump into Brazil’s offshore sector, one of a few areas of exploration where there are still enormous volumes of known…

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