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Article Archive | Page 1211

Can An OPEC Deal Influence Oil Prices At All?

Sep 07, 2016 at 16:13

Saudi Arabia and Russia announced their cooperation to stabilize global oil markets, and while crude oil jumped on the news, it quickly gave back more than half of…

Why Is Big Oil Backing Clinton Over Trump?

Sep 07, 2016 at 16:02

As a general rule of thumb concerning Big Oil and heated presidential elections, the U.S. oil and gas sector routinely donates to the Republican candidates, leaving the “greener”…

The Next Sector To Recover From The Oil Price Crash

Sep 07, 2016 at 15:31

Oilfield services, shipbuilders and other industries that rose with the pre-2014 oil price boom have had it hard. Since barrel rates fell, their previous patrons have become uninterested…

Without Direction, Oil Prices Move On Central Banks And OPEC

Sep 07, 2016 at 14:45

Oil price movements in September will largely be at the mercy of central banks and OPEC, with supply and demand figures not offering conclusive evidence on the trajectory…

Apache Announces Possible 3 Billion Barrel Crude Discovery In West Texas

Sep 07, 2016 at 14:01

The Houston-based oil firm Apache announced a massive new discovery on Wednesday, which it claims could supply every refiner on the Gulf Coast of the United States for…

Gartman: ‘’Crude Not Going Above $55 For Years’’

Sep 07, 2016 at 12:50

In mid-January, everyone's favorite market indicator Dennis Gartman, made an infamous prediction when oil was trading in the mid-$30s, when he said that oil won't hit $44 again…

Oil Under Pressure As Shell Lifts Force Majeure On Nigerian Exports

Sep 07, 2016 at 11:20

At least one source of Nigerian oil exports is set to come back online after Royal Dutch Shell lifted its force majeure on Bonny Light crude exports.…

Crude Seesaws Ahead Of Inventory Data

Sep 07, 2016 at 10:35

Crude is flip-flopping ahead of an exceedingly likely inventory draw to crude stocks from tomorrow's Labor Day-delayed inventory report. With a choppy U.S. dollar, crude is getting whipsawed…

An OPEC Production Freeze Could See Oil Prices Rise To $60

Sep 06, 2016 at 16:22

Russian President Vladimir Putin is keen to reach an agreement with OPEC to freeze oil production in hopes of prices regaining strength. With the U.S. shale boom supplying…

OPEC’s Upcoming Meeting: All Talk Or Game Changing?

Sep 06, 2016 at 16:17

Eyebrows all over the world were raised when he said, “There is no price war” – after all, anyone with even a passing interest in the oil and…

Record Earthquake Threatens Oil And Gas Industry In Oklahoma

Sep 06, 2016 at 16:15

A 5.6-magnitude earthquake shook Oklahoma this past weekend, enough to rank it as among one of the state’s most powerful on record. The earthquake, which took place just…

Dakota Access Pipeline Saga Turns Violent

Sep 06, 2016 at 15:56

The fight over the fate of the 1,168-mile Dakota Access pipeline (DAPL) intensified on Saturday, when a clash between private security agents defending the construction site and Native…

Saudis To Slash $20B In Projects To Close Budget Gap

Sep 06, 2016 at 14:36

In a bid to reduce the budget deficit that has been growing as crude prices have been falling, Saudi Arabia may cancel projects worth over US$20 billion, Bloomberg reported…

Is The Saudi-Russia Deal For Real?

Sep 06, 2016 at 14:00

Oil prices didn’t manage to extend gains on Tuesday as markets still doubt an OPEC output freeze.

Oil Prices Edge Lower As Output Freeze Hopes Fizzle Again

Sep 06, 2016 at 10:51

After yesterday's accord between Saudi Arabia and Russia ignited an effervescent oil rally, we have now seen these hopes fizzle out once more. As the 'task force' agreement references no…

Major Oil Indicator Reaches Lowest Level Ever Recorded

Sep 06, 2016 at 09:55

The oil market is still in a state of uncertainty — with a lot of major indicators (including crude prices) in rapid flux. And news this week shows…

Limited Spare Capacity Could Lead To An Oil Price Spike

Sep 05, 2016 at 15:47

Oil prices have continued to languish below $50 per barrel as a glut of crude oil and gasoline persist even as global demand continues to rise. The IEA…

Transportation Sector Under Threat From Amazon

Sep 05, 2016 at 15:37

Investors in the transportation sector are facing a sea of change thanks to the rise of online commerce. A major part of that change is Amazon.com, and the…

China Releases Secret Data On Crude Oil Inventories

Sep 05, 2016 at 15:29

China is bothering energy analysts and investors. It’s bothering them because it has been on a buying spree for crude in the last two years but nobody knows…

Why Statoil’s $25 North Sea Break-Even Claim Is A One Off

Sep 05, 2016 at 15:26

In a crippling environment of low prices, the recent announcement from Statoil’s chief executive Eldar Saetre, that due to their cost saving measures, the Johan Sverdrup oil field…

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