OPEC Bears Feel The Squeeze
Investors appear to be increasingly confident that OPEC is going to live up to its word. Professional money managers have trimmed bearish bets on West Texas Intermediate to the lowest Continue Reading
Has The OPEC Rally Gone Too Far?
Oil prices continue to edge up as 2016 comes to a close, a dramatic turnaround for the industry compared to the start of the year. In January, oil prices were Continue Reading
The Two Nations Racing To Host The Next Oil And Gas Rush
Bit of a quiet week for major resource news. But several small items are suggesting some potentially explosive developments coming over the next several months. One of those comes in Continue Reading
Asia’s November imports of Iranian oil more than double from year ago
Imports of crude oil by Iran’s four major buyers in Asia in November more than doubled for a second straight month from a year ago, with purchases by India and Continue Reading
Iraq commits to OPEC cuts, sends oil prices higher
Crude oil prices edged higher in early trading Wednesday in thin volumes amid expectations OPEC will hold the production line, though doubts persist. Members of the Organization of Petroleum Exporting Continue Reading
Iran: There are no guarantees with OPEC
Following an announcement regarding an increase in oil production, Iran’s oil minister said there are no guarantees an OPEC production ceiling will be enforced. Iran is the only party not Continue Reading
Eni gains stronger position in Egypt
Italian energy company Eni said it continued its track record of success in the Mediterranean Sea by securing two new agreements in an Egyptian auction. Eni secured the bulk of Continue Reading
In Venezuela, lynchings kill one person every three days: report
Roughly one person is being lynched in crisis-ridden Venezuela every three days as frustrated residents take revenge on suspected criminals, a monitoring group said on Wednesday. The Venezuelan Observatory of Continue Reading
China to cap 2017 energy consumption at 4.4 bln tonns coal equivalent
China aims to cap total primary energy consumption at around 4.4 billion tons of coal equivalent in 2017, the director of the National Energy Administration (NEA) said on Wednesday, close Continue Reading
U.S. shale companies to boost spending as banks loosen purse strings
U.S. shale drillers are set to ramp up spending on exploration and production next year as recovering oil prices prompt banks to extend credit lines for the first time in Continue Reading