There’s One Place Where OPEC Can’t Broker an Oil Deal: Texas
Saudi Arabia and Russia have taken the first step to stem the slide in oil prices. There’s just one problem: If they are successful — and that’s a big if Continue Reading
Just A Distraction
In the end, does the choice of words really matter? The “Yes, we’ve reached Peak Oil” versus the “No, we have not” is a distraction—and I’ve done my part to Continue Reading
Big oil producing countries agree production freeze
Qatar’s energy minister said the world’s big oil producer countries had reached a conditional agreement to freeze production at January levels. Mohammed Bin Saleh Al-Sada said the provisional deal, announced Continue Reading
Saudi, Russia, Qatar, Venezuela Agree to Freeze Oil Output at January’s Levels
Saudi Arabia, Russia, Qatar and Venezuela said Tuesday they wouldn’t increase crude-oil output above January’s levels as long as other major oil producers followed suit, people familiar with the matter Continue Reading
Saudis, Russia agree oil output freeze, talks with Iran to follow
Saudi Arabian Oil Minister Ali al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC’s headquarters in Vienna in this file picture taken December 4, 2013. Top Continue Reading
Oil ticks slightly higher, though Japan clouds momentum
Japanese economic data Monday showing lingering weakness provided a throttle on momentum sparked last week by OPEC production cut rumors. The Japanese government reported gross domestic product shrank by an Continue Reading
High risk of bankruptcy for one-third of oil firms: Deloitte
Roughly a third of oil producers are at high risk of slipping into bankruptcy this year as low commodity prices crimp their access to cash and ability to cut debt, Continue Reading
Just How Accurate Are The EIA’s Predictions?
The EIA recently published the February edition of their Short-Term Energy Outlook . If you follow this month to month, and I do, you will notice their prognostications change a Continue Reading
Oil-rich Oklahoma hit by at least 9 minor earthquakes
The U.S. Geological Survey reported at least 9 minor earthquakes since the weekend in Oklahoma, a state wary of the connection between fracking and tremors. The USGS reported two magnitude-2.8 Continue Reading
North Dakota rig count moves lower
North Dakota exploration and production activity held below the most recent historic low point Monday, with the No. 2 oil producer losing a rig from last week. State data show Continue Reading