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Oil Ticks Lower on EIA Inventory Report

Oil Ticks Lower on EIA Inventory Report

Crude oil prices moved lower…

OPEC+ Rules in an Increasingly Tight Oil Market

OPEC+ Rules in an Increasingly Tight Oil Market

The market is growing increasingly…

Argentina Taps Waste Gas To Mine Bitcoin

Argentina Taps Waste Gas To Mine Bitcoin

Crypto companies are tapping into…

Energy

Libyan Supply Fears Dampen Oil Price Optimism

Dec 23, 2016 at 13:32 | Evan Kelly

It appears that oil markets have stabilized over the Christmas holidays, with light trading and low volatility, while fears of a Libyan supply increase are adding downward pressure to oil…

The U.S. Oil Rig Count Hits Its Highest Level Since January

Dec 23, 2016 at 12:39 | Charles Kennedy

Baker Hughes has reported yet another increase in the U.S. oil and gas rig count this week, with 16 more rigs coming online. The previous two weeks have seen…

The Arctic Drilling Ban: Much Ado About Nothing?

Dec 23, 2016 at 10:44 | Irina Slav

Outgoing President Barack Obama is about to invoke a 1953 law in a bid to protect the Arctic and Atlantic shelf of the United States from the claws of…

Oilfield Services To See Spending Surge In 2017

Dec 23, 2016 at 09:29 | Oil & Gas 360

Quick Take: 2017 Oilfield Service and Drilling Outlook from Bloomberg Intelligence Bloomberg Intelligence (BI) analysts Andrew Cosgrove and William Foiles presented a briefing on Wednesday on the outlook for U.S.…

The Craziest Oil Price Predictions For 2017

Dec 22, 2016 at 15:06 | Tsvetana Paraskova

Predicting where oil prices would go next month or next year has always been a game of hit and miss, all the more so in the past two years since…

Oil Traders See Market Balance By Mid-2017

Dec 22, 2016 at 14:46 | Nick Cunningham

The OPEC deal has raised the possibility of an oil supply deficit as early as the first half of 2017, according to the IEA, but the oil price rally has…

How Much Biofuel Do Santa’s Reindeer Need?

Dec 22, 2016 at 12:28 | Michael McDonald

Each Christmas, around the world billions of children sit quietly in their beds at night pondering one of life’s biggest mysteries about a fat man in a red suit; ‘what…

Saudi Use Of Solar Could Boost Its Oil Exports

Dec 22, 2016 at 12:24 | Charles Kennedy

Saudi Arabia will turn to solar for electricity, which could allow it to export a lot more oil. The connection between solar and oil is not an obvious one since…

Oil Consumption Is Immune To A Transport Transformation

Dec 22, 2016 at 12:03 | Oil & Gas 360

96 percent of new vehicle sales in 2016 featured combustion engines The implementation of electric vehicles and ride-sharing may have long-term effects on oil demand, but the speed at which…

Saudis Up Oil Price Outlook, See Budget Deficit Shrink

Dec 22, 2016 at 11:45 | ZeroHedge

After suffering two record budgets shortfalls in 2015 and 2016 as a result of plunging oil prices, which nearly brought both Saudi Arabia's economy and banking sector to a standstill,…

U.S. Natural Gas Needs Mexico

Dec 22, 2016 at 10:49 | Gregory Brew

The United States became a net exporter of natural gas in November 2016, a development driven by falling imports (due to high domestic natural gas production) and rapidly increasing natural…

Oil, Chaos And Geopolitics In The New Year

Dec 22, 2016 at 10:16 | Zainab Calcuttawala

This year, oil prices have sunk and risen at the whim of speculation regarding an agreement to reduce production by OPEC, which controls roughly 40 percent of the world’s oil…

Oil Rises On Weaker Dollar, Stronger U.S. Economic Growth

Dec 22, 2016 at 09:58 | Matt Smith

Amid a better-than-expected U.S. GDP print and a slightly softer dollar, oil prices are on the rise today. Gasoline, however, is on the move lower - and something we hone…

Asian LNG Sees Its Biggest Monthly Rise In 4 Years

Dec 22, 2016 at 09:08 | Dave Forest

On Tuesday, I wrote about BP betting big on a new LNG export hub in West Africa. And news yesterday shows there’s a lot more action going on in…

10 Energy Surprises In 2017

Dec 21, 2016 at 15:28 | Peter Tertzakian

There’s less than two weeks left before the 2016 calendar gets tossed. So for the pundit community it’s time to publish the obligatory list of, “What to Watch For in…

The Shale Oil Threat Will Not Go Away

Dec 21, 2016 at 14:29 | Rakesh Upadhyay

The Shale oil industry has revolutionized the oil markets, rendering the once powerful OPEC oil cartel powerless in dictating the price and production of oil. The shale oil producers have…

Will The Climate Crisis Spread Financial Chaos In Oil and Gas?

Dec 21, 2016 at 14:17 | Nick Cunningham

Will climate change spark a financial crisis? It may not seem like an obvious connection but that was exactly the warning from the deputy head of the Bank of England…

The Bearish Case For Oil In 2017

Dec 21, 2016 at 13:26 | Todd Royal

Tis’ the season to not be a curmudgeon, but let’s not throw common investment sense away, because OPEC made a deal. This cutback on production has been a long time…

Can Killer Whales Strike A Blow Against Canada’s Oil Sands?

Dec 21, 2016 at 13:17 | Charles Kennedy

Is it possible that killer whales could cut into the long-term growth of Canada’s oil sands? Environmental groups are suing the Canadian government over its recent approval of Kinder Morgan’s…

Rising U.S. Oil Imports See Oil Prices Fall

Dec 21, 2016 at 12:38 | Matt Smith

Oil prices are little changed, as a build to crude inventories in today's weekly inventory report has been offset by solid draws to the products. As traders start to shift…

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