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Month: May 2016

Category:
  • Climate

Dominoes fall: Vanishing Arctic ice shifts jet stream, which melts Greenland glaciers

Investigating the factors affecting ice melt in Greenland — one of the most rapidly changing places on Earth — is a major priority for climate scientists. And new research is Continue Reading

Posted On : 3 May 2016 Published By : Tom Whipple
Category:
  • Prices

Oil Declines Second Day After Iraq Exports Approach Record High

Oil fell a second day after Iraq’s oil exports approached a record high in April, adding barrels to a worldwide supply glut. Futures declined as much as 0.8 percent in Continue Reading

Posted On : 2 May 2016 Published By : Tom Whipple
Category:
  • Prices

Oil prices fall on rising OPEC crude production

Oil prices dipped in early Asian trade on Monday as rising production in the Middle East outweighed falling U.S. output and the recent slide in the dollar, which has been Continue Reading

Posted On : 2 May 2016 Published By : Tom Whipple
Category:
  • Prices

What Do Brent Spreads Know That We Don’t

The most important fundamental development of the week, in our minds, is the evolving market share battle among OPEC + Russia. Saudi Arabia sold a spot-market cargo to China early Continue Reading

Posted On : 2 May 2016 Published By : Tom Whipple
Category:
  • Prices

Can Oil Continue To Rally? An Interview with the IEA’s Neil Atkinson

Oil prices plunged to their lowest levels in more than a decade earlier this year, but have since rallied by more than 70 percent from their February lows. Now oil Continue Reading

Posted On : 2 May 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Oil Bulls Bet the Waning U.S. Shale Boom Will Curb Global Glut

Hedge funds are rooting for a quick collapse of the U.S. shale boom. Money managers turned the most bullish since May as West Texas Intermediate crude climbed to a five-month Continue Reading

Posted On : 2 May 2016 Published By : Tom Whipple
Category:
  • IEA
  • Prices

IEA chief says oil price bottoming depends on global growth

A worker at an oil field owned by Bashneft, Bashkortostan, Russia, in this January 28, 2015 file photo. International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil Continue Reading

Posted On : 2 May 2016 Published By : Tom Whipple
Category:
  • Oil Supply

U.S. Energy Secretary sees oil supply, demand rebalancing in a year

U.S. Energy Secretary Ernest Moniz said he expects global oil supply and demand to rebalance in about a year’s time.  Benchmark crude oil prices, which hit almost 13-year lows earlier Continue Reading

Posted On : 2 May 2016 Published By : Tom Whipple
Category:
  • Iraq

Iraq Oil Exports Near Record as Baghdad Protests Intensify

Iraq’s oil exports approached a record high in April, adding barrels to a worldwide supply glut, even as protests against public corruption threatened to paralyze the government of OPEC’s second-largest Continue Reading

Posted On : 2 May 2016 Published By : Tom Whipple
Category:
  • Libya

Tanker With Disputed Libyan Oil Returns to Country for Unloading

Libyan oil workers at the the Zawiya oil installation. A tanker with oil from eastern Libya returned with its cargo to the North African country after the United Nations blacklisted Continue Reading

Posted On : 2 May 2016 Published By : Tom Whipple

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