US oil rig count up 9 to 712 in week ended Friday: Baker Hughes
The US oil rig count rose by 9 to 712 in the week ending Friday, up from 318 a year ago, Baker Hughes said in its weekly report. The US Continue Reading
US coal train loadings continue to drop, reach 2017 low volumes: railroads
Sustained declines in coal train loadings from the Powder River Basin have pushed down total US volumes to a 2017-low weekly total, Surface Transportation Board filings showed. Data filed by Continue Reading
Who Will Lead The Transportation Transformation?
A moment of truth is at hand, not just for Tesla, not just for electric vehicles, but for transport generally. It is by no means clear that Tesla will ever Continue Reading
Oil Rallies Higher, Undeterred By ‘Surprise Surge’ In U.S. Production
Oil is rallying for a second consecutive day, with continued positive momentum from yesterday’s weekly inventory report, in combination with rising hopes of deeper and/or longer production cut commitments by Continue Reading
Oil prices edge up in anticipation of extended crude output cut
A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. Oil prices edged up on Tuesday, driven by anticipation that Continue Reading
3 Reasons Natural Gas Is Heading A Lot Higher
Commodity pricing is a complex thing, with a whole host of things affecting the price at which buyers and sellers transact, but almost all of those things fall into one Continue Reading
Natural Gas Settles Higher on Stockpile Data
Natural gas prices jumped to a three-month high, breaking from a recent pattern of tight trading after government data showed a smaller-than-expected storage addition for last week. The U.S. Energy Continue Reading
Oil Price Volatility Spikes Amid OPEC’s Charm Offensive
“Well he would say that, wouldn’t he.” Mandy Rice Davies at the time of the Profumo scandal, 1963. OPEC has mounted yet another charm offensive as a result of last 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
Oil Edges Higher As OPEC Reaches Consensus On Cut Extension
OPEC members and their partners in the oil production cut agreements from last November and December have reached a consensus to extend the deal until the end of 2017, the Continue Reading