Article Archive | Page 1177

Jan 06, 2017 at 16:51

Politics, Geopolitics & Conflict • In Libya, the Deputy Prime Minister of the UN-backed Government of National Accord has handed in his resignation. Musa al-Koni told media that the GNA…

Jan 06, 2017 at 16:48

U.S. West Texas Intermediate crude oil finished 2016 higher in what can best be described as a tumultuous trade. After a break early in the year, the market stabilized to…

Jan 06, 2017 at 16:44

WTI traded in a $52.11 - $55.25 range this week driven by sharp moves in currencies, updates related to good and bad behavior on production cuts from OPEC and non…

Jan 06, 2017 at 14:06

Oil prices rose on Friday as a result of a strong draw to U.S. oil inventories and early signals that OPEC is following up on their pledge to cut output

Jan 06, 2017 at 12:35

Oilfield services provider Baker Hughes is ringing in the new year with a 7-rig increase this week to the number of active oil and gas rigs in the United…

Jan 06, 2017 at 12:20

Happy Nonfarm Friday! It is the first Friday of the year, hence we get our first monthly dose of official U.S. unemployment data. Job creation last month was below par,…

Jan 06, 2017 at 11:27

Iran has over the past three months sold more than 13 million barrels of oil it had kept in tankers at sea, in a bid to boost its market share…

Jan 06, 2017 at 10:33

The agreement between OPEC and non-cartel oil producers to reduce supply would help draw down the huge global inventory build by the third quarter of this year, S&P Global…

Jan 06, 2017 at 09:59

A major question for 2017 is: will the coal rally continue? Two events this week should lend strength to that market. With one consuming nation seeing a massive and unexpected…

Jan 05, 2017 at 15:12

Several years of low gasoline prices have upended a decade-long shift towards more fuel efficient vehicles in the United States. For two years in a row, the U.S. auto industry…

Jan 05, 2017 at 15:11

Deals in the Permian helped the U.S. oil and gas mergers and acquisitions tally soar to $69 billion in 2016. The industry has been quick to adapt and secure primary…

Jan 05, 2017 at 13:53

The oil price bust, which resulted from the global crude oil glut, has created yet more oversupply, this time in the offshore industry, where a rig and vessel glut is…

Jan 05, 2017 at 13:42

It has become painfully obvious that the much-hyped OPEC agreement to reduce global oil production by close to 2 million bpd won’t have the effect that its initiators had hoped…

Jan 05, 2017 at 13:21

One day after Exxon announced it would sever ties with its former CEO and Chairman, Rex Tillerson, who is slated to become Trump's secretary of state, in the process…

Jan 05, 2017 at 11:35

Libya is about to re-open the last major oil terminal that has been shut due to factions fighting in a move that would allow it to further increase oil exports,…

Jan 05, 2017 at 10:28

In its first crude oil inventory report for the year, the EIA said commercial stockpiles stood at 479 million barrels, a draw of 7.1 million barrels from its last…

Jan 05, 2017 at 09:57

In a sign that Saudi Arabia plans to initially comply with OPEC’s production cuts, state-run Saudi Aramco is discussing with customers the possibility to cut its February crude loadings by…

Jan 04, 2017 at 15:36

Budget deficit is a fascinating thing. It can turn around economies if it’s large enough or it can highlight their resilience, if it turns out to be not as large…

Jan 04, 2017 at 15:17

Apart from trying (and managing) to talk up oil markets in recent months, Saudi Arabia has been stoking investment banks as well with the plan to sell 5 percent of…

Jan 04, 2017 at 15:02

The OPEC deal has sparked a rally in prices over the past few weeks, and crucially, it has also started to alter the shape of the futures curve, which could…