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Energy

The Next Big Step In Unconventional Oil Is Here

Feb 27, 2017 at 15:09 | Tsvetana Paraskova

The pressure to cut costs and optimize resources amid the oil price slump has made exploration and production companies analyze more carefully the potential of the shale assets they consider…

Energy Minister Novak: Russia Cuts More Oil Output In February

Feb 27, 2017 at 12:25 | Tsvetana Paraskova

Russia’s oil production in February will be lower than the January output, with Moscow cutting more than the 117,000 bpd cut it made last month, Russia’s Energy Minister Alexander Novak…

Angola Boasts 16-Month High In Oil Revenues

Feb 27, 2017 at 10:34 | Irina Slav

Angola reported US$950 million in crude oil export revenues for January, the highest in 16 months, data from the country’s Finance Ministry showed. Africa’s top producer exported some 52.25…

Have The Majors Given Up On Canada’s Oil Sands?

Feb 24, 2017 at 17:06 | Nick Cunningham

Canada’s oil sands could struggle to rebound, with potentially billions of barrels of oil being kept underground permanently. Canada’s oil sands are incredibly expensive, some of the costliest sources of…

How Russia Is Using Oil Deals To Secure Its Influence In The Middle East

Feb 24, 2017 at 16:59 | Zainab Calcuttawala

A string of oil deals between Russian oil companies and Arab petrostates have shifted the center of political gravity in the Middle East and North Africa towards Moscow – counteracting…

Oil Prices Aren’t Breaking Out Any Time Soon

Feb 24, 2017 at 16:59 | Rakesh Upadhyay

What’s in store for oil this year? Experts at ABN Amro are forecasting a return to $30 levels unless OPEC extends its production cuts. Meanwhile, analysts at Citi are…

The Baltic Sea: Europe’s Forgotten $80 Billion Oil Play?

Feb 24, 2017 at 16:46 | Viktor Katona

The Baltic Sea is universally known as a pathway for oil and product transportation, but little is known of its production potential. Yet a recent flurry of activity in the…

New Technology Could Replace Lithium-Ion Batteries

Feb 24, 2017 at 16:45 | Brian Westenhaus

University of Southern California (USC) scientists have developed an alteration to the lithium-sulfur battery that could make it more than competitive with the lithium-ion battery. The solution is for…

Wind Energy Boom Hits The U.S.

Feb 24, 2017 at 16:23 | Precise Consultants

This week we’re talking U.S. wind. It’s free, plentiful, carbon neutral and in the right hands could have a radical impact on the future. Until recently the only tapped version…

As Oil Markets Remain Unpredictable, Permian Is A Solid Bet

Feb 24, 2017 at 16:13 | Dan Dicker

Sometimes trading is easy, sometimes it’s not. But certain rules apply at all times: The trend is your friend. Get out of bad trades. When there’s nothing to do, do…

Range Trading 101

Feb 24, 2017 at 16:11 | Martin Tillier

Let’s face it; you don’t have to be a chart reading genius to know that WTI has been trading in a pretty tight range for the last couple of months.…

Bullish Signs Emerge In Crude Markets

Feb 24, 2017 at 16:10 | Editorial Dept

Friday February 24, 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 February 24th 2017

Feb 24, 2017 at 16:10 | Editorial Dept

Politics, Geopolitics & Conflict • Clashes continue in the Libyan capital Tripoli between various militias. Since Thursday, nine people have been killed and residents are fleeing the Abu Salim neighborhood…

What Does It Take To Move Oil Prices?

Feb 24, 2017 at 16:09 | Jim Hyerczyk

It’s been “chop city” this week on the daily April West Texas Intermediate crude oil chart, but the weekly chart continues to look orderly. There also continues to be a…

Expert Commentary: Inventory Draws Should Tighten Oil Markets Soon

Feb 24, 2017 at 15:58 | SCS OTC Corp

- Oil traders saw more of the same this week with range bound flat price, strong brent and WTI spreads, weak gasoline spreads and option implied volatility at multi year…

What Will It Take For Oil To Breakout?

Feb 24, 2017 at 15:30 | Evan Kelly

Oil prices gained slightly this week as traders interpreted the moderate gasoline draw as a sign that gasoline inventories could have peaked.…

Is OPEC Lying To The Oil Markets?

Feb 24, 2017 at 13:09 | Matt Smith

Has no-one really done a 'getting riggy with it' pun yet? Ok then, here it goes. We've made it to Friday, which means we get a couple of data points…

U.S. Oil Rig Count Rises – Up 125 Since OPEC Deal

Feb 24, 2017 at 12:26 | Julianne Geiger

The number of active oil and gas rigs in the United States increased again, although modestly, on Friday by 3. Both benchmarks were trading down earlier on Friday despite reports…

Combined Compliance For OPEC, Non-OPEC Hits 86%

Feb 24, 2017 at 11:46 | Tsvetana Paraskova

The OPEC producers and the 11 non-OPEC nations that have joined the global production cut deal achieved a combined 86-percent compliance rate in January, OPEC said on Friday, hailing…

4.7 Billion Barrels Just Evaporated In This World Class Oil Play

Feb 24, 2017 at 09:36 | Dave Forest

It’s reserves reporting season in the oil and gas business. And one of the world’s biggest plays saw some major casualties this week as new numbers hit the street. The…

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