Tom Kool

Latest articles from Tom

• Oil Prices Sink As Bearish Sentiment Takes Hold

  Published 14 March 2017 | viewed 14,211 times

  Oil prices were hit hard on Tuesday by a bearish EIA report and continued uncertainty over a possible OPEC deal extension. Natural gas also saw…

• How Much Further Can Oil Prices Fall?

  Published 10 March 2017 | viewed 45,653 times

  Oil prices fell nearly 8 percent this week as speculators rushed for the exit and closed near record long positions.   (Click to enlarge) Friday,…

• Rising Rig Count Sees Oil Edge Lower On Final Trading Day Of 2016

  Published 30 December 2016 | viewed 15,483 times

  Baker Hughes this week reported yet another increase in the U.S. oil and gas rig count, with 5 more rigs coming online. The previous two…

• Can Chinese Crude Demand Continue To Grow In 2017?

  Published 29 December 2016 | viewed 12,240 times

  The OPEC deal might have revived oil prices for now, but a combination of elevated inventories and the threat of lower demand growth in China…

• Oil Prices Steady After Slim Inventory Build

  Published 29 December 2016 | viewed 11,707 times

  The EIA this morning reported a build of 614,000 barrels in U.S. commercial crude oil inventories, a day after the American Petroleum Institute interrupted the…

• Oil Falls After API Reports The Biggest Crude Inventory Build In 6 Weeks

  Published 28 December 2016 | viewed 27,061 times

  Oil prices fell on Wednesday after having to 18-month highs as oil markets are anticipating OPEC cuts that are expected to be made starting January 1…

• Oil Rich Iraqi Oil Province Kirkuk Ready To Participate In OPEC Cuts

  Published 22 December 2016 | viewed 8,122 times

  Kirkuk, one of Iraq’s richest oil provinces and under Kurdish control since 2014 has now said it’s ready to curb oil production if Iraq requires…

• Oil Prices Edge Lower On Crude Inventory Build

  Published 21 December 2016 | viewed 15,268 times

  The EIA this morning reported a build of 2.3 million barrels in U.S. commercial crude oil inventories, a day after the American Petroleum Institute prolonged…

• Oil Inches Higher After API reports Significant Draw To U.S. Crude Inventories

  Published 20 December 2016 | viewed 23,694 times

  Oil prices inched up on Tuesday in a low volume trading session after the American Petroleum Institute’s (API) weekly report showed a larger than expected…

• Rosneft To Ramp Up Global Expansion Under Trump

  Published 19 December 2016 | viewed 13,519 times

  A breakthrough in international strategy and the election of ExxonMobil CEO Tillerson as U.S. Secretary of State could stand to benefit Rosneft and Russia significantly.…

• Oil Spikes 5 Percent On Supply Outages, Stock Draw

  Published 08 April 2016 | viewed 6,231 times

  Oil prices spiked on Friday morning as a series of outages, lower supply and stockpile draws saw confidence grow amongst crude traders. Both WTI and…

• Security Woes Threaten OPEC’s Second Largest Producer

  Published 23 January 2016 | viewed 31,218 times

  Iraq has been one of the key contributors to the uptick in OPEC oil production over the past year and a half. Despite the fact…

• Saudi Arabia: A Weak Kingdom On Its Knees?

  Published 14 January 2016 | viewed 56,042 times

  The great Kingdom of Saudi Arabia—the long-time dictator of crude oil prices for the world—is struggling on all fronts. The Saudis are losing their proxy…

• 3 Energy ETF’s For A Battered Oil Market

  Published 13 January 2016 | viewed 6,179 times

  Recently there was progress for energy investments at the Paris Climate Conference, and subsequent bill H.R.2029 passed by the U.S. Congress. The latter allowed for…

• Can Next Week’s OPEC Meeting Comfort Oil Markets?

  Published 24 November 2015 | viewed 9,386 times

  This week, the North American oil rig count fell again after a pause, and oil prices continue to exhibit weakness. As below chart suggets, especially…

• Oil Finds Some Support As WTI Hits $40 Mark

  Published 20 November 2015 | viewed 12,912 times

  We start with an overview of last week’s most important data from the oil and gas sector: Related: OPEC’s Bad Bet By The NumbersOil prices continued…

• Is The Oil And Gas Fire Sale About To Start?

  Published 15 October 2015 | viewed 25,462 times

  Much has been written about the mounting pile of debt for U.S. oil companies (not to mention the well-known Brazilian oil giant).Not that long ago,…

• Six Reasons Natural Gas Prices Are Staying Down

  Published 05 October 2015 | viewed 19,996 times

  The critical natural gas transit country, Ukraine, reached a supply agreement in the last week of September with the EU’s largest fuel supply partner: Russia.One…

• Shell’s Loss Is Eni’s Gain

  Published 02 October 2015 | viewed 10,946 times

  At the beginning of this week, oil major Shell announced that it will indefinitely postpone (read: completely abandon) its Arctic drilling operations in the Chukchi…

• VW Scandal Bad News For Diesel

  Published 23 September 2015 | viewed 28,320 times

  The outlook for diesel looks grim after U.S. regulators found that the world’s second biggest car manufacturer cheated on its emission tests. Last Friday, the…