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