Big Oil Might Be In Better Shape Than U.S. Shale
For much of the past three years, the oil majors have struggled to adapt to the new reality of low oil prices, while at the same time, their smaller and Continue Reading
Kemp: US Shale Breakeven Price Revealed Around $50
U.S. shale producers need a WTI oil price around $50 per barrel to break even, according to an analysis of financial statements for the second quarter. Fifteen of the largest Continue Reading
This Hurricane Season May Generate as Many as 19 Atlantic Storms
The Atlantic hurricane season will probably end with an above-average 14 to 19 named storms that can rattle energy and agriculture markets now that it is almost certain a system-deterring Continue Reading
This $65 Billion Oil Opportunity Will Never Be Tapped
Western Europe’s biggest oil and gas producer, Norway, is also one of the countries that is most self-congratulatory on its climate action, electric cars sales, and green policies. One of Continue Reading
Oil falls for third day as doubts over OPEC cuts linger
Crude futures fell for a third day on Wednesday despite a bigger than expected drop in U.S. oil inventories reported by an industry group, with doubts lingering over OPEC’s ability Continue Reading
OPEC’s uphill effort leaves oil prices in negative territory
Crude oil prices move into negative territory early Monday as some market analysts say they’re seeing a ceiling start to emerge over the recent rally. File photo by Monika Graff/UPI Continue Reading
OPEC holds second day of compliance talks, to issue statement: sources
OPEC and non-OPEC officials were holding a second day of meetings in Abu Dhabi to discuss ways to boost compliance with their oil output-cutting pact, sources familiar with the talks Continue Reading
Why Trump Won’t Tear Apart The Iran Nuclear Deal
Last month, the U.S. government certified Iran’s compliance to the terms of the 2015 nuclear deal – a required approval mechanism that dictates the life or death of the deal, Continue Reading
OPEC holds second day of compliance talks, to issue statement: sources
OPEC and non-OPEC officials were holding a second day of meetings in Abu Dhabi to discuss ways to boost compliance with their oil output-cutting pact, sources familiar with the talks Continue Reading
Oil prices fall further as Libyan field resumes production
Oil prices slipped further in Asian trading on Tuesday following a recovery in output at Libya’s largest oil field and as doubts about OPEC-led production cuts continue to weigh on Continue Reading