Oil Posts Large Weekly Gains In News Driven Market
Oil prices staged a strong rally on Thursday, moving up 3% for the sixth straight day of gains. Brent hit an eight week high on news that the world’s biggest Continue Reading
Oil Markets Lackluster As Rig Count Rises For 8th Straight Week
The United States oil and natural gas rig count increased by 10 over the past week, according to Baker Hughes latest weekly report. The new numbers mark the first time Continue Reading
Can Oil Prices Continue To Rally Like This?
After 3-4 weeks of waiting for oil to drop convincingly below $40 for a buying opportunity we seem to have missed the boat on this rally. We see prompt Brent Continue Reading
Hedge funds slash bullish natgas bets, fearing less summer heat
Hedge funds and other speculators cut their bullish exposure to U.S. natural gas to June lows, data showed on Friday, after varying forecasts for summer led to worries about reduced Continue Reading
U.S. natural gas market rebalances on hot weather, low prices
U.S. stocks of natural gas are rising much more slowly than normal for this time of year as a long, hot summer spurs record air-conditioning demand and gas burn by Continue Reading
ISIS Receives Another Blow to Oil Revenue in Iraq, 12 Dead
The oil infrastructure of ISIS, on which the terrorist group depends for its survival, took another blow yesterday, this time from the U.S.-led coalition forces, which struck a convoy of Continue Reading
Iraq to raise flows on Turkey pipeline to 150,000 bpd next week
Iraq plans to double the volume of crude it pumps via a pipeline to Turkey to its normal rate of 150,000 barrels per day (bpd) next week, an official at Continue Reading
These Oil Majors Will Bid In Mexico’s $44B Offshore Tender
U.S. oil majors ExxonMobil, Chevron and Hess will bid jointly in the upcoming deepwater oil and gas tender planned by Mexico. The auction, which will take place on December 5, Continue Reading
Shale Drillers Party Like It’s 2014 as Oil Finds Bull Market
U.S. producers put 76 oil rigs back to work in eight weeks Permian Basin leads increases with 7 of 10 added this week Shale drillers are adding the most oil Continue Reading
Baker Hughes: US Oil Drillers Add Rigs For Eighth Week In Row
U.S. drillers this week added oil rigs for an eighth consecutive week, the longest recovery streak in the rig count in over two years, as crude prices rebounded toward the Continue Reading