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Morgan Stanley Hikes Its Summer Oil Price Forecast to $94

Morgan Stanley Hikes Its Summer Oil Price Forecast to $94

Geopolitical tensions and tighter supply…

Bullish Sentiment Has Taken Hold of Oil Markets

Bullish Sentiment Has Taken Hold of Oil Markets

Oil prices surged above $90…

OPEC+ Rules in an Increasingly Tight Oil Market

OPEC+ Rules in an Increasingly Tight Oil Market

The market is growing increasingly…

Energy

Canadian Oil Industry Not Threatened By Trump

Jan 26, 2017 at 16:10 | David Yager

On the day of U.S. President Donald Trump’s inauguration the official White House website was rewritten including 361 brief words outlining the future of American Energy Policy. Titled “An…

Leaner and Meaner After The Crash, Oil Sands Industry Expands

Jan 26, 2017 at 14:45 | Irina Slav

This time last year, businesses operating in the oil sands of Alberta seemed pretty much done for. Canadian crude sold for less than US$20, and there was no chance of…

Airbus And Uber In The Race For Flying Cars

Jan 26, 2017 at 13:54 | Michael McDonald

France-based company Airbus is moving to the skies in a whole new way. As a leader in the airline industry, Airbus is constantly researching ways to differentiate themselves from their…

Oil Prices Rise As OPEC Put Its Foot On The Brakes

Jan 26, 2017 at 12:47 | Matt Smith

As production cut hopes are stoked once again, crude is pushing higher on this fourth day of the fourth week of January. While prices ultimately just pinging around in a…

Saudi Arabia Says It Will Not Cut Exports To Key Market Japan

Jan 26, 2017 at 10:16 | Irina Slav

Saudi Arabia will not reduce its crude oil exports to Japan despite the OPEC production cut agreement, a deputy minister at the oil ministry told media. The Kingdom supplies…

Russia Makes A Move On Asian Oil Markets As OPEC Cuts

Jan 26, 2017 at 09:46 | Dave Forest

Oil prices have been struggling to rise beyond the low $50s per barrel. Not helped by news this week that Libya’s production has hit a 3-year high at 715,000…

Oil Price Meltdown – Is Trump Setting The Oil Markets Up For Another Bust?

Jan 25, 2017 at 16:28 | Nick Cunningham

President Donald Trump signed several executive orders this week intended to juice the American energy sector, calling for expedited environmental reviews and the advancement of the Keystone XL and Dakota…

Permian To Be Only Shale Play That Sees Output Increase This Year

Jan 25, 2017 at 16:11 | Irina Slav

The Permian shale formation has been drawing a lot of attention recently, and it’s more likely than not to continue drawing even more in the immediate future, now that it…

Ingenious Clean Coal Plant Could Give New Life To Coal

Jan 25, 2017 at 14:36 | Michael McDonald

NRG Energy and JX Nippon Oil & Gas Exploration Corp. have successfully developed a power plant that runs entirely on clean coal. The Petra Nova power plant located in Texas…

The 6 U.S. States Most Impacted By The Oil Bust

Jan 25, 2017 at 14:26 | Tsvetana Paraskova

Despite the recovery of the U.S. oil patch in recent months, the crude oil price crash in 2015 and 2016 has hit the economies of the energy producing states. Six…

New EU Energy Strategy To Create Up To 900,000 Jobs

Jan 25, 2017 at 14:17 | Luis Colasante

On 30 November 2016, the European Commission officially released its “Clean Energy for All Europeans” package, also known as “Winter Package” i.e., moving the EU to meet its climate change…

Italian Olive Groves vs Multi-Billion Dollar Pipeline

Jan 25, 2017 at 13:26 | Eurasianet

The Trans-Adriatic Pipeline is a key element of Azerbaijan’s efforts to export its greatest source of wealth, its Caspian Sea natural gas deposits, to European markets. It is also a…

Crude Holds Steady After Significant Gasoline Build

Jan 25, 2017 at 12:28 | Matt Smith

Today's EIA report has left oil prices flat-footed, as crude inventories were in line with consensus, while a(nother) gargantuan build to gasoline stocks has not been enough to drag the…

Keystone XL Still Faces Obstacles Even With Trump’s Approval

Jan 25, 2017 at 10:47 | Nick Cunningham

President Donald Trump moved to fulfill one of his campaign promises on Tuesday, signing an executive order to revive the Keystone XL and Dakota Access Pipelines. The former had been…

Oil Prices Slip On Bearish Inventory Data

Jan 25, 2017 at 09:49 | Irina Slav

The Energy Information Administration reported a 2.8-million-barrel build in U.S. commercial oil inventories, a day after the American Petroleum Institute estimated the inventories had expanded by 2.93 million…

Is Libya A Bigger Threat To Oil Prices Than U.S. Shale?

Jan 24, 2017 at 17:42 | Gregory Brew

Despite some suggestions that oil prices will level off at around $60 in 2017, since the initial surge of the OPEC production deal prices have barely nudged above $53. Over…

Despite Trump’s Rhetoric: U.S. Needs OPEC Oil

Jan 24, 2017 at 17:32 | Tsvetana Paraskova

President Donald Trump is taking his ‘America First’ energy plan from the campaign trail to the White House website, vowing to achieve energy independence from OPEC and any nations…

Expect A New Shale Boom This Spring

Jan 24, 2017 at 16:56 | Todd Royal

U.S. shale has now rebounded to a solid financial equilibrium that it makes sense for companies to begin investing in drilling again. The International Energy Agency (IEA) expects U.S. shale…

Cash Strapped Iranian Oil Industry Braces For Trump Impact

Jan 24, 2017 at 14:44 | Irina Slav

Iran has been raising eyebrows with its unwavering determination to put its energy industry back on its feet since most Western sanctions against Tehran were lifted last year, and its…

Markets Buy The OPEC Cuts, But Fear U.S. Supply

Jan 24, 2017 at 13:07 | Evan Kelly

Oil prices remain flat as markets see the tremendous rig count rise in the U.S. as a strong cap on a noteworthy oil price recovery.

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