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Oil Moves Down on Crude Inventory Build

Oil Moves Down on Crude Inventory Build

Crude oil prices moved lower…

Saudi Aramco Eyes Stake in Chinese Petrochemical Firm

Saudi Aramco Eyes Stake in Chinese Petrochemical Firm

Saudi Arabia’s oil giant, in…

Energy

Will Lebanese Oil And Gas Ignite The Country?

Feb 09, 2017 at 13:55 | Scott Belinksi

While the Eastern Mediterranean is well known for its major (and underexploited) gas reserves, Lebanon is the latest country in the region to join the oil rush, after Egypt’s…

Is Papa Too Late To The Permian Party?

Feb 09, 2017 at 13:51 | Tsvetana Paraskova

Veteran oil industry executive Mark Papa is back in the game and heading to the hottest shale play – the Permian – but he may be a little late to…

Nigeria Rescues Oil Tanker From High-Seas Pirates

Feb 09, 2017 at 13:06 | Damir Kaletovic

The Nigerian Navy has rescued an oil tanker from pirates near Bonny Island, even as the number of high-seas hijackers is at an 18-year low, according to the International…

Oil Rises As Bullish Sentiment In Markets Persists

Feb 09, 2017 at 12:45 | Matt Smith

Oil prices are moving back toward the top of their recent trading range, looking to muster a test of resistance once more. As positivity abounds amid new intraday record highs…

U.S. To Sell 10 Million Barrels From Strategic Reserves This Month

Feb 09, 2017 at 09:36 | Irina Slav

Some 10 million barrels of crude from the U.S.’s strategic reserve are scheduled to be sold later this month, the Department of Energy said. The shipment is part of…

Are These OPEC Members Sabotaging The Output Deal?

Feb 08, 2017 at 16:33 | Nick Cunningham

OPEC provide a shot in the arm for oil prices this week when S&P Global Platts reported a much higher than expected compliance rate for the month of June. So…

Permian Drilling Costs Surge: Are The Days Of Cheap Oilfield Services Over?

Feb 08, 2017 at 16:31 | Irina Slav

It was only a matter of time before drilling, fracking, and oilfield service providers for the oil and gas industry started raising their prices to reflect the improving prospects for…

From Bust To Boom: Why Canada’s Rig Count Increased 50 Percent Last Year

Feb 08, 2017 at 16:26 | Peter Tertzakian

Canadian rigs are going back to the field, coaxed by higher commodity prices and greater productivity. Across the land, 345 iron masts were turning bits last week, so the year-over-year…

Can Natural Gas Rescue Algeria’s Ailing Economy?

Feb 08, 2017 at 16:01 | Zainab Calcuttawala

Algeria is paving the way for a stronger natural gas export profile in Europe, building off of preexisting relationships with Spain, Italy and Portugal, Forbes reported earlier this year.…

The Unlikely Alliance Between Trump And Saudi Arabia

Feb 08, 2017 at 14:52 | Precise Consultants

An unlikely supporter of U.S. President Donald Trump’s energy policies spoke out this week, and it’s really appropriate in this mad mad word of alternative facts and logic be damned,…

Huge Crude Inventory Build Sparks Wave Of Panic Buying

Feb 08, 2017 at 13:53 | Matt Smith

Today's price action has been a case of sell the rumor, buy the (bearish) fact, as the affirmation of a gargantuan crude build from today's weekly EIA report has stoked…

Time Bomb In Oil Markets: Goldman Sachs Issues Warning

Feb 08, 2017 at 11:54 | ZeroHedge

While energy traders remain focused on weekly changes in crude supply and demand, manifesting in shifts in inventory of which yesterday’s API data and today’s EIA data was a breathtaking…

Oil Prices Plunge And Bounce Back After EIA Reports Massive Crude Build

Feb 08, 2017 at 09:48 | Irina Slav

The Energy Information Administration sunk oil markets deeper into despair reporting a build of 13.8 million barrels for commercial crude oil inventories in the U.S. Total commercial inventories are…

Coal Prices Continue To Rise As Indonesia Blocks Coal Exports

Feb 08, 2017 at 09:34 | Dave Forest

Coal continues to be one of the strongest stories in the commodities sector. With news emerging this week that the world’s leading producer Coal India is hunting for overseas…

Iranian Oil Will Not Be Stopped By Trump

Feb 07, 2017 at 17:14 | Gregory Brew

Despite new sanctions by the Trump Administration and an escalating war of words regarding its ballistic missile program, Iran is continuing to push ahead with plans to maintain oil production…

Expensive Middle East Crude Could Lose Market Share To U.S. Shale

Feb 07, 2017 at 17:09 | Tsvetana Paraskova

OPEC’s production cuts have put a floor under oil prices, at least for now. The resulting reduced supplies have also boosted the price of Middle East crude grades, and increased…

It’s Time For Big Oil To Embrace The Digital Age

Feb 07, 2017 at 16:05 | Irina Slav

The 2014 oil price bust very quickly changed the agenda of the oil industry, prioritizing efficiency as a tool of keeping costs down. This emphasis on efficiency was the best…

Plunging Refining Margins See Oil Majors Disappoint In Q4

Feb 07, 2017 at 15:47 | Nick Cunningham

The fourth quarter of 2016 was a massive disappointment for the oil majors. Almost without exception, all of the largest publicly-traded oil companies in the world posted highly disappointing numbers,…

Latin America Growing More Dependent On U.S. Oil

Feb 07, 2017 at 14:15 | Michael McDonald

Crude production has slowed in parts of Latin America as oil majors struggle to pump for profits. Mexico and other Latin American countries have been relying more heavily on the…

Markets Remain Bullish On Oil Despite Growing Risks

Feb 07, 2017 at 14:05 | Evan Kelly

OPEC reportedly achieved a 91 percent compliance rate this week, with speculators reacting by amassing yet more bullish bets. The downside risk continues to grow in the short term however.

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