Oil prices rise Monday on supply deficit concerns
Crude oil prices edged higher in early Monday trading because of concerns of a shortage of supplies, though some markets could get relief from the gradual restart of an oil Continue Reading
Oil prices mixed on Canadian outage update, U.S. sanctions on Iran
Oil prices were mixed on Monday, with U.S. crude lower on news about the timeline for the end of a major Canadian production outage, while global benchmark Brent gained on Continue Reading
U.S. Sanctions Could Add $50 To Oil Prices
To be sure, much of the oil world is focused on the supply fears in the near-term. The outages in several OPEC nations, plus the tightening noose on Iran from Continue Reading
Bernstein: Oil May Jump Past $150 On Chronic Underinvestment
A supply shortfall is lurking should major oil companies continue to underinvest in exploring for new oil reserves, and this “chronic underinvestment” is setting the stage for the next super-cycle Continue Reading
The End of Oil and Gas
The end of oil and gas has been predicted on a regular basis since 1885, yet today we use more of both than ever before and no end is in Continue Reading
Do not blame OPEC, oil producer group says of Trump criticism
The president of OPEC defended the oil producer group on Monday against U.S. President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame. “OPEC Continue Reading
Saudi Aramco’s $2 Trillion Zombie IPO
It was the moment Saudi Arabia’s reforming young prince told the world he meant business. In early 2016, Mohammed bin Salman said he planned to sell shares in the kingdom’s Continue Reading
European Parliament president arrives in Tripoli
With oil production woes pressuring the Libyan economy, the president of the European Parliament said Monday that Libyan security means European security. European Parliament President Antonio Tajani met Monday in Continue Reading
New discovery highlights Egypt’s potential as emerging oil producer
A new oil discovery in the Western Desert of Egypt could unlock a new area for productivity gains in the country, Italian energy company Eni said Monday. Eni said it Continue Reading
More Western Energy Companies Leave Iran
Iran is still trying to get EU help as more western companies exit the country ahead of renewed sanctions imposed by the U.S. In more bad news for the Islamic Continue Reading