Oil Climbs Higher As Goldman Sachs Sees Glut Shift To Deficit
Thirty-one years after Michael Jordan was named Rookie of the Year in the NBA, and supply outages are ensuring that a rally is a slam dunk for oil today. Here Continue Reading
Oil Rises as Goldman Sachs Sees Supply Shortfall
Shell said last week that its exports of Nigerian crude oil were disrupted, adding to… Oil prices climbed Monday as Goldman Sachs GS 0.23 % said that the market is Continue Reading
Oil price ultra-bear Goldman Sachs turns mildly bullish
U.S. bank Goldman Sachs, one of the most bearish forecasters on oil over the past year, on Monday raised its short-term price outlook as it said the market had flipped Continue Reading
Oil rally suggests supply worries wane, but for how long?
A rally in U.S. crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term delivery Continue Reading
Can Big Oil Survive At Today’s Prices?
Data suggests that oil producers need prices in the $70-80 range to survive. That is unlikely in the next year or so. Without more timely price relief, the future looks Continue Reading
U.S. shale output to fall 113,000 bpd in June: EIA
U.S. shale oil production is expected to fall some 113,000 barrels per day in June, according to a U.S. government forecast released on Monday. Total output is expected to fall Continue Reading
Canadian oil services start to return
Employees are on the ground in and around the Fort McMurray area of Alberta to start bringing oil sands operations online, companies said Monday. Canadian energy company Syncrude said its Continue Reading
North Dakota rig count at lowest since 2005
At 27, the number of rigs actively exploring for or producing oil or natural gas in North Dakota is the lowest it’s been in more than a decade, state data Continue Reading
SandRidge Energy Files for Bankruptcy Protection
SandRidge joined the ranks of oil and gas drillers to file for bankruptcy in recent… SandRidge Energy Inc. SDOC -65.50 % became the latest victim of the prolonged downturn in Continue Reading
Oil Companies Are Still Paying Their CEOs to Pump
Chesapeake Energy CEO Doug Lawler received $1.56 million last year for exceeding production and reserve… If investors hoped the biggest oil bust in decades would change the way oil industry Continue Reading