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Article Archive | Page 3

Can $80 Oil Be Justified?

Can $80 Oil Be Justified?

Apr 20, 2018 at 15:58

Oil prices could reach $80 a barrel in April, although such a price would not be justified by market fundamentals, Russia’s Energy Minister Alexander Novak said on Friday. Asked…

Oil Prices Bounce Back On Bullish Sentiment

Oil Prices Bounce Back On Bullish Sentiment

Apr 20, 2018 at 13:37

Despite bullish sentiment in oil markets, crude prices were trading relatively flat on Friday after traders booking gains, a Trump tweet and a rising oil rig count.

Oil Prices Under Pressure As Rig Count Climbs Again

Oil Prices Under Pressure As Rig Count Climbs Again

Apr 20, 2018 at 12:28

Coming off of what turned out to be a rather rocky morning for oil prices, U.S. drillers added 5-rigs to the number of oil and gas rigs this week, according…

Trump Slams OPEC For Manipulating Oil Prices

Trump Slams OPEC For Manipulating Oil Prices

Apr 20, 2018 at 10:15

Oil prices reversed gains and dipped early on Friday after U.S. President Donald Trump tweeted that oil prices are “artificially very high” and “will not be accepted”, the day…

Oil Prices Fall As Russia Reconsiders Production Cuts

Oil Prices Fall As Russia Reconsiders Production Cuts

Apr 20, 2018 at 09:10

OPEC and non-OPEC producers could reconsider the size of the production cuts they agreed in December 2016 and “ease the cuts,” Russia’s Energy Minister Alexander Novak told TASS during…

The Next Oil Boom Is About To Happen Here

The Next Oil Boom Is About To Happen Here

Apr 13, 2018 at 11:03

It’s one of the most unbelievable energy stories of the year.  A Chinese oil company was sitting on what might be the last great oil discovery on Earth - a…

How A Flawed Study Turned Into A Billion Dollar Opportunity

How A Flawed Study Turned Into A Billion Dollar Opportunity

Apr 19, 2018 at 17:02

Imagine an energy company spending 10 years exploring the Rawat oil concession in Sudan, Africa. During that time, they spent millions on shooting and acquiring 6,700 km of 2D seismic,…

The One Man Who Could Send Oil To $100

The One Man Who Could Send Oil To $100

Apr 19, 2018 at 14:14

The future of North Africa’s leading oil and gas producer Libya is once again under threat. International media reports that Libya’s strongman General Khalifa Haftar, leader of the LNA, the…

A Crisis At The Heart Of U.S. Shale

A Crisis At The Heart Of U.S. Shale

Apr 19, 2018 at 14:07

The bottlenecks in the Permian are starting to capture the attention of the oil market, raising the prospect that U.S. shale production does not live up to the hype.…

Is OPEC Underestimating U.S. Shale?

Is OPEC Underestimating U.S. Shale?

Apr 19, 2018 at 14:00

The oil production cuts and healthy oil demand growth have helped the global inventory surplus to nearly vanish and it certainly looks very much like OPEC and allies have a…

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