Will Shale Kill Off The Oil Price Rally Again?
WTI has rallied more than 11 percent over the past month, raising hopes from oil bulls that maybe, just maybe, the price gains are here to stay. Oil had dipped Continue Reading
Supply Crunch Or Oil Glut: Investment Banks Can’t Agree
In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, Continue Reading
Goldman Sachs anticipates return to long-term oil price stability
Goldman Sachs has maintained its base case for oil prices at $50 per barrel, saying it anticipates a return to stable long-term oil prices. The bank said in an outlook Continue Reading
International Energy Agency OMR
Global demand growth of 1.3 mb/d is forecast for 2017, a second consecutive annual decline and slightly below our prior forecast following weaker than expected 1Q17 demand. Subdued gains in Russia and Continue Reading
U.S. crude stockpiles fall unexpectedly: EIA
U.S. crude stocks fell unexpectedly last week, the Energy Information Administration said on Wednesday, while gasoline and distillate inventories also declined in a report that analysts said should be supportive Continue Reading
Libya’s Haftar says Russian base not being discussed – RIA
The question of a Russian military base being set up on Libyan territory is not being discussed, Russia’s RIA news agency quoted Libyan military commander Khalifa Haftar as saying on Continue Reading
U.S. Oil Assets Could Fall Into Russian Hands If Venezuela Defaults
If Venezuela defaults on its debt obligations, it could result in Russia taking control over U.S. refining assets, leading to more Russian “control over oil and gas prices worldwide,” which Continue Reading
New U.S. pipelines to drive natural gas boom as exports surge
U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to Continue Reading
PDVSA Notes Rally After Venezuela Makes Good on $2.2 Billion Debt Payment
Oil company honors debt obligations amid political unrest Government says it will continue paying debt due this year Bonds issued by Venezuela’s state oil company rallied after the country made Continue Reading
Venezuela Staves Off Default, but Low Oil Prices Pose a Threat
Venezuela has put off a reckoning on its tens of billions of dollars in debt, but its ability to avoid a disastrous default will probably require much higher oil prices Continue Reading