Do These Benchmarks Signal An Oil Price Spike?
It’s crucial to predicting where oil prices are headed. Whenever this number is high, oil prices tend to surge. And it’s not been this high in two years… Why Brent Continue Reading
Gasoline Rises After Harvey Shuts U.S. Refiners
Gasoline prices surged Monday on concerns over a shortage in supply after Tropical Storm Harvey knocked out refining operations and traders tried to assess damage in the Houston area. Harvey Continue Reading
Hurricane Harvey closes key oil and gas facilities in Texas
Key oil and gas facilities along the Texas Gulf Coast have temporarily shut down as Hurricane Harvey pounds the region with torrential rain and high winds, virtually assuring gasoline prices Continue Reading
About 25 percent of U.S. Gulf oil output offline due to Harvey
About 25 percent of U.S. Gulf of Mexico oil production is offline due to Tropical Storm Harvey, the U.S. Department of the Interior’s Bureau of Safety and Environmental Enforcement said Continue Reading
U.S. gasoline prices jump as Hurricane Harvey knocks out Texas refineries
Gasoline prices hit two-year highs on Monday as massive floods caused by Hurricane Harvey forced refineries across the U.S. Gulf Coast to shut down. The storm came shore over the Continue Reading
Sluggish Demand Growth Drives Big Oil’s Strategic Decisions
For oil prices to rise, demand must increase. That’s the gist of a new article from Forbes’ contributor Jude Clemente. Strong demand from East Asia may be weakening, as China Continue Reading
What Happens To Oil Prices When Driving Seasons Ends?
“For now at least, it has become hard to risk capital on the price of oil with as much conviction as in the past.”—Andy Hall, famed oil trader, on shuttering Continue Reading
Harvey Grows to Major Hurricane Strength as Refineries Shut
Exxon, Anadarko, Shell among energy explorers cutting output It’s the first major hurricane to hit U.S. since 2005’s Wilma Hurricane Harvey will be the most powerful storm since 2008 to Continue Reading
When Can We Expect An Oil Price Breakout?
WTI traded in an unusually narrow $48.75/$47.03 range this week despite an extreme weather event in the world’s refining hub and geopolitical tensions in from MENA to DC. – In Continue Reading
Here’s why oil’s future is grim
What do auto manufacturers, utilities and oil companies have in common with Kodak, Blockbuster and Macy’s? Their business models are rapidly vanishing under the pressure of technology innovation and societal Continue Reading