Oil prices swung between small gains and losses Friday, as investors reacted to the latest data measuring U.S. production. Light, sweet crude for November delivery closed up 11 cents, or Continue Reading
IEA, OPEC this month boosted global consumption forecasts Turkey threatens Kurdish exports after independence vote Oil posted its biggest quarterly gain in more than a year on forecasts for rising Continue Reading
Last Friday we argued that the rally in WTI and Brent looked overstretched from technical and positioning viewpoints. This week obviously didn’t serve our viewpoint as geopolitical tensions in Iraq Continue Reading
In the short run, the overall stability for oil production outside the Organization of Petroleum Exporting Countries is a spoiler for the bulls, analysis finds. OPEC in January began sidelining Continue Reading
As traders and producers gathered in Singapore this week for Asia’s biggest oil event, you might have expected a bit more optimism. Oil prices reached their highest level in two Continue Reading
OPEC oil output has risen this month by 50,000 barrels per day (bpd), a Reuters survey found, as Iraqi exports increased and production edged higher in Libya, one of the Continue Reading
Operations in the Kurdish north of Iraq are going according to plan and sales agreements are moving forward, a Canadian energy company said Friday. ShaMaran Petroleum Corp., a Canadian company Continue Reading
Brent flirted with $60 per barrel this week, but it might have to wait a little longer. After hitting the highest price in two years mid-week, Brent declined on Thursday Continue Reading
Turkish Prime Minister Binali Yildirim said on September 28 that he wants to hold a summit with Iranian and Iraqi leaders to coordinate their response to the Kurdish vote for Continue Reading
If the US reimposes sanctions on Iran’s oil sector without the support of Europe, China and Russia, it will see grudging and uneven compliance by international energy companies and will Continue Reading
Exxon Mobil Corp’s big bet on Brazil’s offshore Campos basin shows its willingness to pay up to replenish its reserves and may pave the way for hefty bids in October Continue Reading
China has issued its anticipated new regulation requiring most automakers to sell a minimum number of new energy vehicles (NEVs) (battery-electric and plug-in hybrid) annually from 2019 as part of Continue Reading
China will raise the retail prices of gasoline and diesel from Saturday, the country’s top economic planner announced Friday. This is the eighth increase this year. As international oil prices Continue Reading
U.S. crude oil production rose to a 9.24 million barrels day in July, an increase of 141,000 bpd, the U.S. Energy Information Administration said on Friday. Output increased by 21,000 Continue Reading
U.S. crude oil production slowed down during the summer, measures of consumer demand for fuels declined and imports are drying up, data from the industry show. Data from the American Continue Reading
Iran’s foreign minister has said he expects US President Donald Trump will not uphold a historic nuclear agreement next month, and called on Europeans to step in to protect the deal. Continue Reading
The Trump administration is urging independent energy regulators to change how electricity is priced, proposing new rules that would bolster revenue for coal-fired and nuclear power plants. The Energy Department Continue Reading
The total oil and gas rig count in the United States now stands at 940 rigs, up 418 rigs from the year prior, with the number of oil rigs in Continue Reading
Nuclear power plants received a much needed boost from the Trump administration this week when the White House approved $3.7 billion in loan guarantees for two struggling power plants in Continue Reading
Shale oil and gas producers need WTI prices at least US$50 oil to be able to see significant returns, analysts from Moody’s said in a research note today. For natural Continue Reading
New York Governor Andrew M. Cuomo announced that the state has seen a 74% increase in electric car sales over the same time period last year, resulting from the Drive Continue Reading
As he sought votes during last year’s Iowa caucuses, candidate Donald Trump courted farmers with praise for ethanol and promises that he would boost the home-grown fuel. Now those farmers Continue Reading
The U.S. Department of Energy has thrown a lifeline to the struggling U.S. coal and nuclear industries by proposing a new rule that would explicitly compensate them for contributing to Continue Reading
Activist investors are taking aim at U.S. shale producers, pushing them to stop rewarding executives for spending billions of dollars on new wells when crude prices are depressed. HOUSTON, Sept Continue Reading
On Sept. 30, 1967, the Great Canadian Oil Sands facility opened north of Fort McMurray, Alta., with much fanfare, bunting and speeches by politicians. It was the first large-scale commercial Continue Reading
It’s best to draw out of the OPEC-led effort to balance the market with production cuts during the summer when demand is high, Russia’s energy minister said. Russia is a Continue Reading
Former German Chancellor Gerhard Schroeder faced further criticism at home after he was elected as chairman of Russia’s biggest oil producer Rosneft on Friday. Schroeder, a Social Democrat who led Continue Reading
Europe’s big oil refiners are searching for other uses for roughly $10 billion of investments in diesel as they anticipate falling demand for what was once European drivers’ favorite fuel. Continue Reading
Oil edged higher on Friday as tensions around Iraqi Kurdistan threatened the region’s crude supplies, helping Brent prices to their strongest third-quarter performance since 2004. Global benchmark Brent crude LCOc1 Continue Reading
NYMEX November natural gas futures settled at $3.017/MMBtu, down 4.4 cents, as a lackluster market put pressure on the contract despite a lower-than-expected storage build from the US Energy Information Continue Reading
In just the last couple of days we’ve seen one analyst predict prices of $80 per barrel, while a panel of several other analysts forecast a price drop if OPEC Continue Reading
Market needs ‘steady, positive information’ to keep rallying Futures fell after rising on surprise decrease in supplies Oil’s bull-market rally faltered as the shale boom still gives traders pause. Futures Continue Reading
One day it might set new records for bullishness, the next we might see it plummet into bear-territory. A flurry of global news also makes it difficult to interpret the Continue Reading
In news that is certain to upset adherents to the never-dying cult of Peak Oil, IHS Markit released a study on Sept. 25 indicating that, per their analysis of data Continue Reading
Saudi Arabia’s plans to float state oil titan Aramco are prompting the country to think the unthinkable. Late last year, Saudi Arabia tried to get fellow oil producers around the Continue Reading
Middle East OPEC producers are concerned weak demand and excess supply in the first quarter of 2018 may undermine an oil price rally that has pushed Brent crude about 30 Continue Reading
Turkey supports Iraq’s decision that the oil trade should be done only by the central government, reaffirming it will deal only with Baghdad, in a move that could disrupt or Continue Reading
Saudi Arabia said on Thursday that it had issued US$12.5 billion in three tranches of notes, the second issue under its Global Medium-Term Note program, as the desert Kingdom desperately Continue Reading
As a rather bullish sentiment has fallen over the oil markets, Libyan oil production is now set to rise after disruptions at the Sharara oil field are now behind it, Continue Reading
Oil refineries are coming back online in northern Iraq as the Oil Ministry seeks to revive local economies and fuel the reconstruction of areas liberated from the self-proclaimed Islamic State Continue Reading
Oil prices are unlikely to rise much beyond this month’s two-year highs this year, as concern among analysts persists that growing U.S. shale output will hamper the rebalancing between global Continue Reading
The world’s hottest shale play right now, the Permian, is boosting its oil production and contributing the most to the U.S. crude output growth. Meanwhile, Texas’ other shale play, the Continue Reading
Weekly US coal production totaled an estimated 14.68 million st in the week that ended Saturday, down 5.3% from the prior week and 4.8% below the same week a year Continue Reading
After Puerto Rico was pummeled by Hurricane Maria last week, a Category 4 hurricane with 150 mph winds, the island has been left in shambles. After suffering widespread power outages Continue Reading
Oil prices fell on Thursday, with U.S. crude giving up some of the previous session’s gains that were driven by a surprise fall in inventories, while Brent moved further away Continue Reading
Oman is the largest oil producer in the Middle East that is not a member of OPEC. It is also part of the OPEC / NOPEC production cut deal, committing Continue Reading
Oil prices were basically flat early on Wednesday, but $80 oil could be just around the corner, according to analyst Jodie Gunzberg, head of commodity and real asset indices at Continue Reading
Global trade is growing at the fastest rate for six years – which is both a symptom and a cause of the recovery in commodity markets. World trade volumes were Continue Reading
In my last two columns for Oilprice.com premium subscribers, I was first very clear in the opportunity I thought I saw coming in oil stocks. First, I outlined how oil Continue Reading
Oil moved back into bull market territory this week, with Brent prices jumping to a more than two-year high at $58 per barrel. A confluence of events has given a Continue Reading
