Hedge funds and other money managers have amassed a very large bullish position in crude oil futures and options without so far having much impact on oil prices. Hedge funds Continue Reading
Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising U.S. oil production is Continue Reading
In the past, forecasters had a relatively simple method of estimating whether demand for oil would increase or decrease and by how much. For the most part, they simply looked Continue Reading
The Brent crude price benchmark for millions of barrels of physical crude sales each day is poised for its biggest shakeup in a decade with a new grade added to Continue Reading
For the first time ever, hedge funds hold more than a billion barrels of bets that crude oil prices will rally. Money managers last week extended their faith in OPEC-led Continue Reading
FILE PHOTO: An oil pump jack can be seen in Cisco, Texas, August 23, 2015. Oil pricing agency S&P Global Platts is making the first major overhaul of its Brent Continue Reading
Slightly less than 10 percent of the drilling rigs currently in service in the world are operating in the Iranian oil and gas sector, a petroleum official said. Rokneddin Javadi, Continue Reading
Abu Dhabi awarded a 4 percent stake in its giant onshore oil concession to CEFC China Energy Co for a fee of 3.3 billion dirhams ($900 million), state-owned Abu Dhabi Continue Reading
Aramco IPO is the centerpiece of Saudi Vision 2030. $2 trillion valuation is desired. But Aramco pays a 20% royalty and 85% tax rate. Net present value of earnings only Continue Reading
Saudi Arabia is leaning toward listing its giant, state-run oil company in New York, London or Toronto and has soured on the prospect of floating shares of the firm on Continue Reading
