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Article Archive | Page 1160

OPEC Deal Looks Shaky Despite ‘Good’ Compliance Rate

Feb 10, 2017 at 16:45

The oil markets were boosted overnight by the news from the International Energy Agency (IEA) that compliance to the schedule of cuts agreed by OPEC to start on January 1st…

Bulls Optimistic, But Pitfalls For Oil Remain

Feb 10, 2017 at 16:45

Friday February 10, 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…

Global Energy Advisory 10th February 2017

Feb 10, 2017 at 16:39

Tickers: Politics, Geopolitics & Conflict • Libya is the country to keep an eye on in the oil patch in the coming days, weeks and months. There is little chance…

Trading Support/Resistance: A Lost Art

Feb 10, 2017 at 16:33

Some traders will tell you that March West Texas Intermediate crude oil had a volatile week. If you look at the price swings over a five-day period then yes, there…

Why The Huge Inventory Build Didn’t Crash Oil Prices

Feb 10, 2017 at 16:32

- WTI snapped out of a two week coma on Wednesday trading to a low of $51.22 following an API report revealing a 14m bbl crude oil build which was…

Oil Rallies As Glut Fears Abate

Feb 10, 2017 at 15:21

Oil prices rose on Thursday and Friday after booking some midweek losses as a result of exceptionally strong builds to U.S. crude inventories  …

U.S. Oil Rig Count Up On Rising Oil Prices

Feb 10, 2017 at 12:29

The number of active oil and gas rigs in the United States increased again on Friday by 12, taking aim at earlier gains to both WTI and Brent crude oil…

Oil Prices Head Higher On Positive Demand Outlook

Feb 10, 2017 at 11:48

A supportive IEA monthly report has encouraged a Friday rally for black gold, Texas tea. As prices ping around in their current tight trading range, approaching resistance once again, hark,…

Oil Prices Rise As OPEC Compliance To Cuts Hits 90%

Feb 10, 2017 at 09:53

Oil prices were up more than 1 percent early Friday morning after the International Energy Agency (IEA) said that OPEC’s supply-cut deal achieved a record initial compliance rate of

Wall Street Pouring Money Back Into Oil And Gas

Feb 09, 2017 at 15:53

Despite the near record increase in U.S. oil inventories last week – an increase of 13.8 million barrels – oil prices traded up on February 8 and 9 as traders…

Pipeline Approvals Could Put A Ceiling On Gas Prices

Feb 09, 2017 at 15:39

Two new pipelines to be built over the next 12-18 months are likely to bring down natural gas prices on the U.S. market just when they were starting to rise…

Is $55 Oil Really Enough For Qatar?

Feb 09, 2017 at 14:02

The world’s top LNG exporter Qatar is pumping just over half a million barrels of oil per day, but has been staunchly supporting OPEC’s production cuts aimed at rebalancing the…

Will Lebanese Oil And Gas Ignite The Country?

Feb 09, 2017 at 13:55

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

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

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

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…

Profitable Once Again: Copper Miners Report Better Numbers

Feb 09, 2017 at 10:15

It’s a big day for copper. With workers at Escondida, Chile — the world’s largest mine – having signaled they intend to start strike action today, earlier than expected.…

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

Feb 09, 2017 at 09:36

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

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

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…

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