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Article Archive | Page 6

Oil Markets Take A Bearish Turn

Oil Markets Take A Bearish Turn

Oct 12, 2018 at 13:47

Bearish EIA data and a global stock market crash sent crude tumbling this week, but prices appear to have stabilized, at least for now.…

U.S. Drillers Add 11 Rigs Despite Oil Price Correction

U.S. Drillers Add 11 Rigs Despite Oil Price Correction

Oct 12, 2018 at 12:19

Baker Hughes reported an 11-rig increase for oil and gas in the United States this week, bringing the total number of active oil and gas rigs to 1,063 according to…

China’s Oil Imports Jump To 4-Month High In September

China’s Oil Imports Jump To 4-Month High In September

Oct 12, 2018 at 10:58

China imported 9.05 million bpd of crude oil in September, for a total of 37.12 million tons, which was the highest rate of crude oil intake since May, Reuters…

IEA: Expensive Energy Is Threatening Economic Growth

IEA: Expensive Energy Is Threatening Economic Growth

Oct 12, 2018 at 09:22

Expensive energy is back and it is threatening global economic growth, the International Energy Agency (IEA) said in its Oil Market Report on Friday, joining other organizations like the…

Barclays: $70 More Likely Than $100

Barclays: $70 More Likely Than $100

Oct 11, 2018 at 17:09

Oil industry titans are still not in agreement over what to expect from oil prices in the near future, with a wide array of guesses calling for both a spike…

Oil Experts Divided As Iran Sanctions Loom

Oil Experts Divided As Iran Sanctions Loom

Oct 11, 2018 at 15:52

The heads of the world’s top oil trading houses are unanimous that Iranian sanctions will remove a large chunk of oil from the market, more than initially expected, but they…

Stock Market Chaos Sparks Oil Selloff

Stock Market Chaos Sparks Oil Selloff

Oct 11, 2018 at 15:47

The plunge in global equities on Wednesday and Thursday dragged down crude oil, with even concerns about falling Iranian supply not enough to keep crude from a steep selloff. Brent…

Oil’s $133 Billion Black Market

Oil’s $133 Billion Black Market

Oct 11, 2018 at 13:46

Oil is still the world’s leading energy source, with growing demand, a fluctuating pricing system, and much of its production in volatile regions. The oil market’s value is larger than…

OPEC Turns On The Taps To Counter Iranian Outages

OPEC Turns On The Taps To Counter Iranian Outages

Oct 11, 2018 at 13:15

Iran’s crude oil production dropped by 371,000 bpd between the second quarter of this year—when the U.S. announced the return of the sanctions—and September, according to the secondary sources in…

Are Energy Majors Under Threat From Big Tech?

Are Energy Majors Under Threat From Big Tech?

Oct 11, 2018 at 13:01

Audi unveiled last month its first fully electric SUV, the e-tron, at an event on Tesla’s home turf in San Francisco—the electric vehicle industry’s latest step toward mass adoption of…

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