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Oil Prices Gain 2% on Tightening Supply

Article Archive | Page 1229

What Growing U.S. Consumer Spending Means For Energy

Jul 22, 2016 at 17:50

Macquarie Securities’ Toronto-based research team put out a research note today that pointed out the strength coming out of the world’s spending giant: the U.S. consumer. “Macro data continues to…

Busting Media Myths On Peak Oil

Jul 22, 2016 at 17:41

Almost synonymous with the term "peak oil" is M. King Hubbert, perhaps the foremost geophysicist of the 20th century, who first theorized about the eventual decline of oil…

Non-OPEC Production Peaks As U.S. Production Nears Bottom

Jul 22, 2016 at 17:32

The Bakken and North Dakota production data is out. (Click to enlarge)

Why Is There A Gasoline Glut?

Jul 22, 2016 at 17:25

Have you tried to drive anywhere recently? I mean, have you just gotten in your car, not necessarily at rush hour either, and tried to get to a…

Why This Earnings Season Could Be Difficult For Traders

Jul 22, 2016 at 17:22

Next week will be one of the busiest for Q2 earnings releases from S&P 500 companies in general, but it is also loaded with reports from the energy…

Gasoline Contango And Crude Inventories Weigh On Oil Prices

Jul 22, 2016 at 17:13

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 sector. Each week we’ll…

Global Energy Advisory July 22nd 2016

Jul 22, 2016 at 16:59

Politics, Geopolitics & Conflict • Turkey took center stage this week after an attempted military coup that was quickly crushed, resulting in what can only be…

Gasoline Glut Sees Oil Hover Around Retracement Zone

Jul 22, 2016 at 16:46

Crude oil traders acted like they had just awakened from a deep sleep on Thursday when they drove the September futures contract into its lowest level since April…

‘’The Worst Is Behind Us’’ Schlumberger CEO Sees Reason For Optimism

Jul 22, 2016 at 18:06

All’s not well in oilfield services, but it might start getting a bit better from now on. That’s the essence of a statement made by Schlumberger’s chief executive Paal Kibsgaard…

Expert Commentary: Bloated Inventories Keep Oil Prices Capped

Jul 22, 2016 at 16:09

• WTI consolidated near the $45 mark this week and achieved just a $2.40 range from Monday through Thursday as Summer Doldrums took effect. News flow and volumes were light…

Oil Continues To Plunge As Markets Turn Bearish

Jul 22, 2016 at 15:01

Oil prices fell again on Friday, endorsed by a stronger dollar and persisting fears of both a crude and refined products glut.

U.S. Oil & Gas Rig Count Jumps By 15, Pushing Oil Prices Down

Jul 22, 2016 at 12:45

The U.S. rig count is up 15 oil and gas rigs this week, nearly doubling last week’s rig increase and heralding new supply to add to the existing glut and…

Oil Prices Crumble Ahead Of Earning Season

Jul 22, 2016 at 12:45

Crude is heading lower into the weekend as supply glut fears persist, while further endorsement of a sell-off is provided by a stronger dollar. Hark, here are seven…

All Or Nothing For Erdogan: 200,000 Purged In Race For Absolute Power

Jul 22, 2016 at 10:08

Ankara has placed itself deliberately on an all-or-nothing path which envisages only Turkish strategic dominance, lightly disguised by attempts to diplomatically hold the international community at bay as…

Commodity Prices Jump As Philippines’ Government Cracks Down On Miners

Jul 22, 2016 at 10:00

Attention global mining industry. Things are getting dire this week in the Philippines. Potential problems have been looming in this important copper, gold and nickel nation since the…

Oil Rally Hopes Crushed As Inventories Hit All-Time High

Jul 21, 2016 at 17:04

Oil prices sank on Thursday following fresh data showing oil and product stocks rising to an all-time high. The EIA released its weekly data on…

Russia Ramps Up Arctic Oil Production

Jul 21, 2016 at 16:46

Three export terminals on Russia’s Arctic coast shipped an average of 230,000 barrels of crude in the second quarter of 2016. This figure is almost equal…

Where Will Flight Technology Go Next?

Jul 21, 2016 at 16:39

A common complaint about technological progress over the last few decades is summed up in the phrase “we were promised flying cars and got 140 characters”. There is…

Shale Drilling Set To Take Off In Argentina

Jul 21, 2016 at 15:07

Argentina has exceptional hydrocarbon reserves, but politics has greatly affected its development. The economy in Argentina is best described as a “pendulum”, going from loose economic…

How Much Does The U.S. Spend Per Day On Petroleum Products?

Jul 21, 2016 at 14:46

Every day in 2015, the United States spent $991 million on petroleum consumption, the lowest daily total since 2008. Consumption levels in the U.S. have decreased…

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