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Article Archive | Page 5

The Case For $100 Oil

The Case For $100 Oil

Apr 15, 2019 at 16:53

The odds of an oil price spike this year are much higher than the prevailing consensus in the market, according to a new report from Bank of America Merrill Lynch.…

Megadeal Triggers M&A Spree In The Permian

Megadeal Triggers M&A Spree In The Permian

Apr 15, 2019 at 16:36

Late last week, Chevron announced its decision to takeover Anadarko Petroleum for $33 billion, a deal that could mark a watershed moment for the Permian basin and the U.S. shale…

The U.S. Is Losing Influence In The World’s Biggest Oil Region

The U.S. Is Losing Influence In The World’s Biggest Oil Region

Apr 15, 2019 at 16:35

Egyptian President Abdul Fatah al-Sisi’s visit to the White House on April 9, 2019, resulted in one of the worst setbacks for U.S. Middle Eastern policy under the Donald Trump…

This New Oil Hotspot Is Replacing Venezuelan Crude

This New Oil Hotspot Is Replacing Venezuelan Crude

Apr 15, 2019 at 13:15

The U.S. sanctions on Venezuela’s oil industry have tightened the global heavy to medium crude oil market, sending oil buyers scrambling for alternatives to the heavy Venezuelan oil.     Refiners…

The World’s Most Unorthodox Oil Nation

The World’s Most Unorthodox Oil Nation

Apr 15, 2019 at 13:06

In what seemed like an episode of the Norwegian television drama Occupied, Norway's largest political party joined smaller ones in the nation's parliament to prevent oil exploration in the scenic 

Think Tank: Mexico’s New Refinery Already Doomed

Think Tank: Mexico’s New Refinery Already Doomed

Apr 15, 2019 at 12:46

A Mexican think tank has declared that Pemex’s newest refinery is doomed in a grim analysis released this month. The Mexican Institute for Competitiveness (Instituto Mexicano para la Competitividad, or…

‘High’ Oil Prices Are Already Dampening Demand

‘High’ Oil Prices Are Already Dampening Demand

Apr 15, 2019 at 11:33

Crude oil prices are affecting demand for the commodity negatively, the International Energy Agency’s head Fatih Birol told S&P Global Platts in an interview. "The higher oil price environment…

Oil Prices Snap Winning Streak

Oil Prices Snap Winning Streak

Apr 15, 2019 at 10:23

Despite signs of continued tightness in supply, oil prices dropped early on Monday on some profit taking and a Russian minister suggesting that Russia and OPEC could abandon the production…

Did Russia Just Call The End of The OPEC Deal?

Did Russia Just Call The End of The OPEC Deal?

Apr 15, 2019 at 09:20

OPEC and heavyweight Russia may fight America for its share of the oil market, Russia’s Finance Minister Anton Siluanov told TASS on Saturday, even if it means quitting the OPEC…

Brent Could Hit $80 This Summer As Hedge Funds Lose Steam

Brent Could Hit $80 This Summer As Hedge Funds Lose Steam

Apr 12, 2019 at 18:28

Brent Crude and WTI Crude prices hit a five-month high this week amid signs of tightening market and clashes in wildcard OPEC producer Libya. Brent Crude topped $71 and…

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