Oil Prices Fall For Third Straight Day
A rise in U.S. crude inventories weighed on prices Wednesday. Oil prices fell for a third straight day Wednesday as investors became less certain that major oil producing nations will Continue Reading
Bearish signs ahead for oil prices, but not too bearish
There are bearish signals ahead for oil prices in part due to declining inventories, though anything above $65 per barrel is unlikely, Societe Generale said. “Due to significantly larger 2017 Continue Reading
Beware of the Dip: Oil Prices Could Go Lower
Without high geopolitical risk or an actual supply reduction, oil prices have a downside risk. The spike in oil prices since August provides U.S. producers an attractive opportunity to hedge Continue Reading
The UAE Plans The Last Few Decades Of Its Oil Game
Abu Dhabi’s state oil company ADNOC will soon expand its investments to refineries abroad, a new report by Bloomberg indicates, suggesting the emirate is seeking to strengthen ties with its Continue Reading
Non-OPEC Mid-size Oil Producers
This post covers recent C&C production and future prospects, with a bit on gas, for several mid-size non-OPEC producers. A few have been omitted (e.g. Canada, Kazakhstan, Egypt, UK) for Continue Reading
Hey OPEC, the World’s Largest Oil Consumer Needs a Lot Less Oil
The U.S. has a message for oil producers poised to make a key decision on crude output on Thursday: The world’s biggest oil consumer doesn’t really need you that much Continue Reading
OPEC Is Expected to Extend Output Cuts, but Questions Remain Over Length
OPEC ministers attend an informal meeting on the eve of the Vienna meeting. VIENNA—OPEC members said Thursday they were poised to agree to extend their efforts to cut crude-oil production Continue Reading
Vienna Is The Ultimate OPEC Smokescreen
The OPEC circus continues to make headlines. All the five-star hotels are booked, as market analysts fervently examine their glass balls to predict the outcome of Thursday’s big meeting. Again, Continue Reading
No easy solution for stranded Kirkuk crude
The Oil Ministry is considering a pipeline to link Kirkuk oil fields with domestic refineries, and issuing a tender for rebuilding the export pipeline to Turkey. Iraqi Oil Minister Jabbar Continue Reading
How Nigeria’s Oil Industry Went Local
The biggest real-estate foreclosure in Manhattan’s history began with a Nigerian jet-fuel binge. Kola Aluko, now in hiding from the authorities of multiple countries, allegedly spent so much money on Continue Reading