Article Archive | Page 1184

Jan 13, 2017 at 15:51

2016 has been a chaotic year for oil prices, ranging from the capitulation of last January where prices were below $30 per barrel, to an inconsistent recovery, as a barrel…

Jan 13, 2017 at 15:43

Watching the Rex Tillerson confirmation hearings, I’m wondering how his move as the head of the State department, should he be confirmed, would impact oil and gas stocks. There’s a…

Jan 13, 2017 at 15:42

No matter how many times I witness it (and after nearly thirty years in and around financial markets that number is probably in the thousands) the fact that the mood…

Jan 13, 2017 at 15:37

Friday January 13, 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…

Jan 13, 2017 at 15:25

Politics, Geopolitics & Conflict • Civil unrest in Mexico over a substantial hike of fuel prices is escalating. The hike, enforced from January 1, was part of government efforts to…

Jan 13, 2017 at 15:19

It’s been an up and down week for crude oil futures with the price action playing out as expected. Going into the new year, we were looking for a choppy,…

Jan 13, 2017 at 15:04

- In recent notes we’ve cited output gains in Libya, stubbornly high Cushing inventories and OPEC skepticism as the key bearish culprits keeping a lid on an otherwise tightening crude…

Jan 13, 2017 at 14:09

Oil prices inched lower on Friday afternoon as skepticism about OPEC’s compliance with the output cut deal continues to impact oil markets.   

Jan 13, 2017 at 12:29

The number of active oil and gas rigs in the United States dipped on Friday by 6 for a total of 659 active rigs, according to oilfield services provider Baker…

Jan 13, 2017 at 10:36

Just two weeks into the OPEC supply-cut deal and a day after Saudi Arabia signaled that it had cut more than pledged, the cartel itself does not see more than…

Jan 13, 2017 at 09:42

Here’s one of the most important charts we might see in oil and gas this year. New this week from industry watchdog Wood Mackenzie — showing how many offshore…

Jan 12, 2017 at 16:03

Anadarko Petroleum and Chevron have emerged as the top two employers in U.S. oil and gas, according to a survey conducted by the job site Indeed. The top five…

Jan 12, 2017 at 15:53

The tough couple of years that oil companies had to go through with the oil price crash has forced many of them to slash exploration investment. Significantly reduced capital expenditure…

Jan 12, 2017 at 15:48

New York City’s major source of electricity for more than four decades could be taken offline in the next few years, a major victory for the state’s governor, who has…

Jan 12, 2017 at 14:32

For an energy veteran like me, North America’s oil industry reminds me of “That’s Life,” the classic Frank Sinatra tune. After every oil price crash I can imagine Ol’ Blue…

Jan 12, 2017 at 13:47

For investors in the next generation of energy and in the emerging next-gen aerospace field, SpaceX’s story is a useful lesson. It has been a tough three months for SpaceX.…

Jan 12, 2017 at 12:10

Saudi Arabia has cut oil output to its lowest level in two years, reaching below 10 million barrels per day, Saudi Energy Minister Khalid al-Falih said on Thursday, jump-starting…

Jan 12, 2017 at 10:56

As a result of rising oil prices in December, the U.S. Energy Information Administration has increased its forecast for both Brent and WTI crude oil prices by $2, and…

Jan 12, 2017 at 10:26

I wrote in late December about a looming crisis in Indonesia’s mining sector. And yesterday, it hit. Officials at Indonesia’s mining ministry confirmed that miners including Freeport-McMoRan have…

Jan 12, 2017 at 09:28

The basic laws of supply and demand can easily cause the OPEC production cuts to not work, but there are other factors to also consider. These factors include U.S. shale…