Trade ideas usually come from one of two sources. Either they are fundamental or technical. Fundamental ideas reflect a change, or more often an expected change, in the fortunes of…
Friday March 31, 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 • Brexit could be good for the UK’s oil and gas industry, according to some observers. The reason is that unlike the financial industry, which is…
The strong performance on Thursday has put crude oil in a position to finish the week at a three-week high. The week began with the market being underpinned by reports…
- WTI rallied back into $50 territory this week with help from positive OPEC speak regarding an output cut renewal, production outages in Libya, Iraq and Canada and compliance levels…
Oil prices rose this week as markets are more optimistic about an extension of the OPEC output deal and falling gasoline inventories (Click to…
The United States oil and gas rig count jumped by 15 this week, to its highest level since September 25, 2015, according to Baker Hughes’ latest report on domestic…
Abundant supply of light oil in Asia and weaker demand amid some seasonal refinery maintenance will likely prompt Saudi Arabia to cut the official selling price for most of its…
Mining analysts MinEx Consulting released an interesting study on global exploration last week. Showing that China is by far the world’s largest spender on mineral exploration — but that discoveries…
Late last week press reports indicated that Japan’s Toshiba Corp (6502.T) was preparing a bankruptcy filing for its Westinghouse nuclear design and construction subsidiary. Bankruptcy would affect the prospects for…
A common refrain one hears these days from market bulls and reads in long-term analyses is that by 2020, the current glut in supply and decline in prices will be…
Oman has struck a deal with several banks for a $4 billion loan to be repaid in future oil deliveries. Abu Dhabi signed a contract with commodity trading giant…
Gasoline demand is rising again in the U.S., helping to drain the exceptionally high levels of refined product inventories. That provides a small bit of bullish evidence for a market…
Back in early 2011, the Haynesville shale play in east Texas, northwest Louisiana, and southwest Arkansas surpassed the Barnett Shale in Texas as the highest-producing shale gas play in…
When the great grandson of Henry Ford says that future of auto manufacturing and marketing will soon be shifting seismically, you’d better pay attention. Bill Ford, Jr., Ford’s chairman and…
It’s human nature to pay close attention to market indicators when they seem to be working and show neglect or indifference when they’re not. That is not, however, necessarily the…
Russia has cut crude oil production by 200,000 barrels daily, Energy Minister Alexander Novak said. That’s two-thirds of the amount it agreed to cut under the OPEC-non-OPEC agreement closed…
It’s been a rollercoaster ride for Libya’s oil sector the last few months. With production from this important OPEC player swinging wildly with unstable politics in the country.…
Thousands of drilled shale wells are sitting idle, unfracked and uncompleted. The backlog of drilled but uncompleted wells (DUCs) grew dramatically beginning in 2014, as low oil prices forced drillers…
As Venezuela’s foreign currency reserves have shrunk to $10.4 billion USD, so have the country’s goods in stock, against the background of gas, energy and medicine shortages, crime rates…