Evan Kelly

Latest articles from Evan

• Midweek Sector Update: Self-Defeating Realities Of The Oil Sector

  Published 26 May 2015 | viewed 6,485 times

  The US rig count may finally be bottoming out. Baker Hughes reported that the number of rigs pulled from the oil patch fell to just…

• This Week In Energy: Petrobras Scandal Could Undermine Brazil’s Economy

  Published 22 May 2015 | viewed 10,029 times

  Petrobras has tried hard to put its massive scandal behind it. After a corruption scheme involving kickbacks was uncovered last year, the Brazilian oil giant…

• Midweek Sector Update: OPEC Regaining Market Share, But At What Price?

  Published 19 May 2015 | viewed 6,167 times

  The global oil industry will spend an estimated $129 billion less this year as a result of low oil prices, a new analysis from the…

• This Week In Energy: Iran Nuclear Deal Has White House Walking A Tightrope

  Published 15 May 2015 | viewed 5,785 times

  Iran is not done sending a message to indebted tankers in the Persian Gulf. For a second time in three weeks, the Iranian Navy fired…

• Oil Market Update: $2.1 Billion Noble Deal Could Start A Trend In Shale Sector

  Published 12 May 2015 | viewed 6,921 times

  The U.S. government conditionally approved Royal Dutch Shell’s (NYSE: RDS.A) Arctic drilling plan, a major victory for the Anglo-Dutch company. Although Shell still needs to…

• This Week In Energy: Is This As Far As The Rally Can Go?

  Published 08 May 2015 | viewed 7,060 times

  Oil prices have surged to their highest levels to date this year, with Brent trading above $65 per barrel, and WTI close to $60 per…

• Midweek Sector Update: The Worst May Well Be Behind Us

  Published 05 May 2015 | viewed 5,579 times

  Oil prices are up, and could continue to see some strength coming from a very unlikely source: Eurozone growth. That’s not a typo. The European…

• This Week In Energy: Geopolitical Triggers Could Spur More Price Volatility

  Published 30 April 2015 | viewed 7,586 times

  Tensions heated up in the Persian Gulf this week after Iran fired upon and seized a cargo ship near the Straits of Hormuz. Considered to…

• Midweek Sector Update: Oil Majors More Resilient Than Many Expected

  Published 28 April 2015 | viewed 5,825 times

  Earnings season is upon us. The next week or so will provide a lot of insight into the extent of damage done to the bottom…

• This Week In Energy: Are We Experiencing A False Dawn For Oil Prices?

  Published 24 April 2015 | viewed 15,117 times

  Oil prices continue to show some strength, closing out the week near their highest levels for 2015. The EIA reported another slight decline in oil…

• Midweek Sector Update: Oil Price Rally Has Markets Uneasy

  Published 21 April 2015 | viewed 9,414 times

  Oil prices have rallied nearly 30% since March, demonstrating some resilience and strength amid all sorts of conflicting projections about oil production. But now the…

• This Week In Energy: Oil Markets May Finally Be Adjusting

  Published 17 April 2015 | viewed 11,589 times

  The oil price rally is finally underway. This week saw both WTI and Brent hit their highest levels in all of 2015 thus far. WTI…

• Midweek Sector Update: Bullish Signs For Crude But Pain Not Over Yet

  Published 14 April 2015 | viewed 4,453 times

  The latest data from the U.S. Energy Information Administration predicts that shale output will decline by 57,000 barrels per day in May. It will be…

• This Week In Energy: Oil Markets Reaching a Bottom? Shell Points the Way

  Published 10 April 2015 | viewed 11,548 times

  The major news of the week was the mega-merger between Royal Dutch Shell (NYSE: RDS.A) and BG Group (LON: BG). The $70 billion price tag…

• This Week In Energy: Iranian Media Calls For Saudi Oil Boycott

  Published 07 April 2015 | viewed 5,942 times

  Oil prices have ticked up a bit over the last week on several pieces of bullish news. Crude inventories in Cushing dipped a bit, as…

• Oil Market Knee-Jerk Reaction To Nuclear Deal Unjustified

  Published 03 April 2015 | viewed 8,648 times

  A group of exhausted diplomats did the unthinkable. The P5+1 countries and Iran came to a massive and historic framework agreement over Iran’s nuclear program,…

• Iran “Deal” Could Leave Oil Markets In Limbo

  Published 31 March 2015 | viewed 8,642 times

  When it comes to geopolitical events affecting oil prices, there is no shortage of possibilities. Whether it is the outbreak of a war, a terrorist…

• Oil Prices Withstand Increased Saudi Production For Now

  Published 24 March 2015 | viewed 8,135 times

  Oil prices nudged upwards slightly on March 23 and 24, ignoring several troubling signs for energy markets. WTI traded above $48 per barrel and Brent…

• Oil Crashes A Second Time - What’s Next?

  Published 17 March 2015 | viewed 15,839 times

  The double dip looks to be on. After nearly two months of moderate price gains for crude oil, by mid-March oil is swooning once again.…

• OPEC Boasts About Pain In U.S. Shale

  Published 10 March 2015 | viewed 11,250 times

  Oil prices continue to fluctuate in a relatively narrow band around $50 for WTI and $60 for Brent. On March 6, Baker Hughes reported another…