Oil Stabilizes As OPEC Ponders Deeper Cuts
Oil prices appear to have recovered from last week’s flash crash following a significant draw in U.S. inventories and bullish rumors surrounding the OPEC deal. (Click to enlarge) (Click to Continue Reading
Oil Prices Slip As The U.S. Rig Count Continues To Climb
The number of active oil and gas rigs in the United States rose by 8 on Friday, according to oilfield services provider Baker Hughes . The total oil and gas Continue Reading
Does This Oil Price Rally Have Legs?
With oil prices spiking nearly 10 percent from last Friday’s sudden, capitulation “flash crash” which was perhaps driven by Pierre Andurand liquidating his entire long book, there has been a Continue Reading
In Fight Against U.S. Shale Oil, OPEC Risks Lower for Longer
Saudi Arabia signals curbs will be rolled into next year Oil market attention shifts to potential oversupply in 2018 When Khalid Al-Falih arrived at Davos in late January, the Saudi Continue Reading
OPEC Should Give Up on Production Cuts
The Organization of the Petroleum Exporting Countries deserves a pretty good grade, arguably a B-plus, for its effort to prop up the world oil market. That may not be reflected Continue Reading
Some OPEC Members Seek to Broaden Effort to Cut Oil Output
Six months after restricting their oil output in an effort to raise global crude prices, some members of OPEC are pushing for a broader effort to reduce petroleum production, say Continue Reading
More oil expected from Kazakhstan
Kazakhstan could add at least another quarter million barrels of oil per day to the market through new field development, a country assessment found. The U.S. Energy Information Administration updated Continue Reading
Funding for giant Israeli gas field to be tapped
Parties to the development of the Leviathan natural gas field off the coast of Israel said they’re ready to tap into a loan to facilitate momentum. Delek Group, alongside its Continue Reading
Oman Cut to Junk by S&P as Crude Oil Decline Imperils Finances
Credit rating lowered to one notch below investment grade S&P says Oman can’t mitigate risk of volatile export revenue Oman was cut to junk by S&P Global Ratings, which said Continue Reading
U.S. drillers add oil rigs for 17th week in a row: Baker Hughes
U.S. energy firms added oil rigs for a 17th week in a row, extending a 12-month drilling recovery that is expected to help boost crude production in the United States Continue Reading