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Oil Prices Gain 2% on Tightening Supply

Article Archive | Page 1249

Clinton Campaign Pledges to Raise Fed Royalties for Oil Companies

Jun 02, 2016 at 13:35

Companies extracting oil, gas and coal from U.S. federal lands will see royalties due to the government increase if Hillary Clinton becomes the country’s next president, the candidate’s campaign

Cash Deprived Venezuela Can’t Pay For Oil Imports, Leaving Tankers Stranded

Jun 02, 2016 at 13:04

Venezuela’s financial problems have become so acute that it is having trouble paying for the crude oil imports that it needs. Reuters reports that four oil tankers carrying…

Iran Betting On Oil And Copper To Fuel Growth

Jun 02, 2016 at 11:01

Not one, but two important developments this week from a nation that’s quickly becoming one of the most interesting spots in global natural resources. Iran. Most investors are aware of…

Oil Prices Down As OPEC Fails To Agree Output Ceiling

Jun 02, 2016 at 09:56

The much anticipated OPEC meeting in Vienna on June 2 ended pretty much as expected: the group once again failed to put any production targets in place. Without a ceiling…

Is OPEC About To Surprise The Oil Markets?

Jun 01, 2016 at 17:29

A day before the OPEC summit kicks off, top officials from the oil cartel say that the markets are moving in the right direction, a sign of confidence that suggests…

Traders Watch Oil Chokepoints As Geopolitical Risk Soars

Jun 01, 2016 at 17:29

News reports appearing Sunday, of an attack on Shell and Agip pipelines in Nigeria, indicated that ongoing attacks by militant groups have caused that country’s oil production to fall by…

Will OPEC Use This Strategy To Defeat U.S. Shale?

Jun 01, 2016 at 17:24

OPEC’s strategy in the past have been to maneuver its oil production to bring about market stability. However penetration of U.S. shale oil forced them to alter their…

The U.S. Might Soon Lose Its No.1 Position In Petroleum Production

Jun 01, 2016 at 15:11

In 2015, the U.S. was the largest producer of petroleum and natural gas hydrocarbons in the world by a wide margin, according to U.S. Energy Information Administration…

Oil Industry Drove US Wage Growth. Now that Is Over

Jun 01, 2016 at 15:00

A report from Pew Research Center reveals that between the third quarter of 2000 and the same period of last year, wages across the U.S. rose by…

Iranian Oil Is Disguising A Significant Decline In Global Production

Jun 01, 2016 at 14:58

The EIA has apparently stopped publishing its International Energy Statistics. Instead they are now publishing an abbreviated version on their Total Energy web page titled: Table 11.1b…

Cash Strapped Saudi’s To Sell $15 Billion In Bonds

Jun 01, 2016 at 13:59

Last week the bond market was stunned by the unprecedented demand for sovereign paper issued by Qatar. The Middle Eastern nation announced it would issue $9 billion in…

There Is No Moving Exxon From Its Climate Change Position

Jun 01, 2016 at 12:57

A nun from an influential interfaith coalition with U.S. $100 billion in assets that include a stake in ExxonMobil is pushing for change, but the supermajor isn’t bowing…

U.S. Banks Down 2% On Bad Energy Loans

Jun 01, 2016 at 12:49

U.S. banks have seen their earnings drop 2 percent in the first quarter of this year as low oil prices have finally turned into unpaid energy loans. In…

Crude Bounces Back On Pre-OPEC Meeting Rumors

Jun 01, 2016 at 11:36

Sixty-two years after Linus’ security blanket made its debut in the Peanuts comic strip, and the oil market is looking to tomorrow’s OPEC meeting to provide some comfort…

What’s Really Behind This Oil Price Rally

Jun 01, 2016 at 11:06

The rally in oil prices over the past three months has been impressive, building confidence among market analysts that prices are heading in the right direction. But…

Nigerian Outages Drag Total OPEC Production Down In May

Jun 01, 2016 at 09:46

Based on survey data compiled by Reuters for the month of May, OPEC crude oil out has fallen by 120,000 barrels per day—a drop largely attributed to…

The Offshore Oil Business Is Crippled And It May Never Recover

May 31, 2016 at 17:47

How badly do oil producers want to transition out of the deepwater and focus on shale? And guess what that means for the global oil price? Exxon Mobil…

Why the Oil Majors Face Inevitable Decline

May 31, 2016 at 17:08

The oil majors are at a crossroads and there are growing signs that their business model can no longer last. The combined effects of cheap oil, the increasing…

Why We Need $120 Oil

May 31, 2016 at 16:04

$50 per barrel oil is clearly less impossible to live with than $30 per barrel oil, because most businesses cannot make a profit with $30 per barrel oil.…

Why Oil CEOs Are Overpaid

May 31, 2016 at 16:11

Imagine how workers would behave if they were paid not on the basis of their output or productivity, but simply on time spent at the office regardless of…

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