A new study reveals that…
The Financial Times, citing unnamed…
Earlier this year, the price…
As investors, we’ve settled on focusing on well-run independent U.S. shale producers for the core of our holdings, especially those in the Permian basin. Although the oil markets seem to…
After last year’s rapid recovery from the depths of the oil market’s plunge, many investors went into 2017 expecting black gold to keep rising in value. So far, it is…
Friday March 3, 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…
Politics, Geopolitics & Conflict • The Philippines is cozying up to China, which could have implications for geopolitical dynamics in the South China Sea and for Beijing’s claims on about…
What did we learn about the crude oil market this week? On the bearish side of the equation, we learned that according to the U.S. Energy Information Administration, crude oil…
Oil prices fell to three week lows before recovering slightly on Friday morning, as early reports of OPEC’s compliance in February look promising.
The number of active oil and gas rigs in the United States increased on Friday by 2. Both benchmarks were trading up earlier on Friday on reports of an evacuation…
Crude prices are getting up off the canvas after being knocked down yesterday, helped up by a falling dollar ahead of lots of Fedspeak. Nonetheless, prices are holding in their…
I’ve talked the last several months about a little-discussed looming issue in the shale patch. Earthquakes. A few weeks ago, Pennsylvania regulators made the first-ever connection between fracking activity…
Faced with a persisting oversupply and trying to keep its market share amid production cuts intact, Saudi Arabia has unexpectedly lowered the April price for the light crude it sells…
At the outset of the 2014 oil collapse, slacking oil demand growth was often cited as a major contributor to the sharp decline in oil prices. In September 2014, the…
Suppose the rapture happened. Not the kind followed by the Second Coming of Jesus as promised by Paul, but a rapture of oil. Imagine that one night, just after the…
ExxonMobil’s new CEO Darren Woods announced a dramatic shift towards shale drilling this week, a new strategy that will prioritize drilling thousands of smaller wells while reducing spending on the…
The oil industry has been notoriously slow in joining the digital age, but now it has been forced to do it as the efficiency drive trumps expansion in the post-oil…
For most people the reflexive answer to the title question is yes. Consider, however, that over various time spans since 1980, the price of oil has dropped 75, 76, 78,…
When is 60 percent compliance a good thing? When it’s not 40 percent... That is the latest status on the non-OPEC nations who agreed to November’s production cut, as discussed…
Crude oil exports from Iraq went up by 1 percent to 3.85 million barrels daily in February, despite the OPEC oil production cut that has seen Saudi Arabia and other…
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources. As such, you won’t be surprised to learn that the
The Saudi King kicked off a month-long tour of Asia this week, as the oil kingdom looks to bolster ties in the east as it loses confidence in the…
It’s the beginning of the end for the Bakken Shale play. The decline in Bakken oil production that started in January 2015 is probably not reversible. New well performance has…