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Energy

Mongolia Investing Nearly $1 Billion To Develop Downstream Capabilities

Mar 10, 2017 at 13:24 | Oxford Business Group

The proposed refinery, to be located in the Sainshand soum (district) in the province of Dornogovi, is forecast to cost around $700m, with a further $264m to be spent on…

Tipping The Balance: The $50 Sweet Spot

Mar 10, 2017 at 13:24 | Dan Dicker

This week, an update on an investment I recommended last year in late May – Silver Run Acquisitions Corporation, then the SPAC of ex-CEO of EOG Resources, Mark Papa. That…

Oil’s Big Drop: The Contrarian View

Mar 10, 2017 at 13:24 | Martin Tillier

One of the first things I learned as I started my career in a dealing room was that, unlike in a marriage, on a trading desk being a contrarian made…

Oil Market Anxiety Returns

Mar 10, 2017 at 13:24 | Editorial Dept

Friday March 10, 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 March 10th 2017

Mar 10, 2017 at 13:24 | Editorial Dept

Politics, Geopolitics & Conflict • Iran and Iraq have reached an agreement that will see a resolution of the two neighbors’ squabble over oil and gas fields they share territorially.…

Crude Collapses To Trade In Lower Range

Mar 10, 2017 at 13:23 | Jim Hyerczyk

The energy complex was most interesting this week. Crude oil prices collapsed, led by heavy fund liquidation after another surge in U.S. inventory and production. Natural gas rallied as winter…

How Much Further Can Oil Prices Fall?

Mar 10, 2017 at 13:23 | Tom Kool

Oil prices fell nearly 8 percent this week as speculators rushed for the exit and closed near record long positions.  

BP Shares Surge On Reports Of Exxon Takeover Approach

Mar 10, 2017 at 13:22 | Tsvetana Paraskova

U.S. energy giant ExxonMobil (NYSE:XOM) has reportedly gauged potential interest among BP’s major shareholders regarding a possible takeover, British newspaper Evening Standard reported on Friday, sending BP’s stock…

Oil Trades Down 1.6% As Baker Hughes Reports 12 Rig Gain In U.S.

Mar 10, 2017 at 13:08 | Zainab Calcuttawala

This week’s Baker Hughes report shows the U.S. domestic oil rig count up eight sites this week, bringing the total to 617 active oil rigs – the highest since…

The Bakken Gets A Second Wind

Mar 10, 2017 at 11:45 | Ron Patterson

North Dakota has published January production data for the Bakken and for all North Dakota. (Click to enlarge)Bakken…

China Teapot Refineries Lobby For Fuel Export Ban Removal

Mar 10, 2017 at 09:24 | Irina Slav

Independent Chinese refineries, known as teapots, are lobbying with the government for the lifting of a fuel export ban that has cut a major source of income. The export…

Iran And Iraq To Ramp Up Oil Production Despite OPEC Cuts

Mar 09, 2017 at 17:54 | Rakesh Upadhyay

Though OPEC has managed to achieve a high standard of compliance, it has mostly been due to the oversized cut by the largest member of the group—Saudi Arabia. Meanwhile,…

U.S. Shale Kills Off The Oil Price Rally

Mar 09, 2017 at 17:43 | Nick Cunningham

Oil prices plunged on Wednesday and Thursday, dropping to their lowest levels since December when the optimism surrounding the OPEC deal was just getting underway. WTI dipped below $50 for…

What Does OPEC Do Next?

Mar 09, 2017 at 17:27 | Salman Ghouri

Time is of the essence. If you fail to comprehend future market conditions and fail to steer the ship in the right direction, it can lead to disaster. This is…

Can The Permian Outgrow The Giant Saudi Ghawar Field?

Mar 09, 2017 at 15:40 | Tsvetana Paraskova

When the Permian Basin in West Texas—which has been pumping oil for nearly a century—was fueling the U.S. and Allied forces in World War II, currently the world’s biggest conventional…

Is The Oil Price Plunge A Turning Point? 

Mar 09, 2017 at 15:38 | Arthur Berman

WTI futures fell $2.86 from $53.14 to $50.28 per barrel, and Brent futures dropped $3.81 from $55.92 to $52.11 per barrel. WTI is trading below $49 and Brent below $52…

U.S. Refiners Look Abroad As Domestic Competition Increases

Mar 09, 2017 at 15:01 | Irina Slav

U.S. oil refiners are going global. That’s the message that has been coming from the industry over the past year when a lot of refining capacity abroad was shut down…

Oil Prices Continue Plunging As Speculators Rush For The Exit

Mar 09, 2017 at 11:37 | Tsvetana Paraskova

After having dipped 5 percent on Wednesday, oil prices continued plunging on Thursday by more than 2 percent, as speculators have started exiting the nearly record long positions in…

Harold Hamm: U.S. Shale Spending Binge Could Destroy Oil Market

Mar 09, 2017 at 10:35 | Tsvetana Paraskova

In a rather unconventional warning, Continental Resources chief executive Harold Hamm said on Wednesday that should the U.S. oil industry embark on another spending spree, it could “kill” the market.…

Shell Sells Almost All Canadian Oil Sands Assets

Mar 09, 2017 at 09:30 | Irina Slav

Shell has struck a deal to sell all its oil sands production assets in Canada, except for a 10-percent stake in the Athabasca Oil Sands Project, as part of…

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