Independence & Simplicity and the U.S. Shale Revolution The dynamics of the oil industry have changed dramatically since the beginning of 2010. Because of the U.S. shale revolution, the U.S. Continue Reading
Maybe the surge in U.S. shale production won’t kill off the oil price rally after all. Oil prices could rise as high as the mid-$60s per barrel by the end Continue Reading
Shale output forecast to climb as drillers add more rigs OPEC’s cutbacks will eventually reduce stockpiles: Citigroup Oil traded at its lowest in more than a week in New York Continue Reading
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Oil prices fell on Tuesday on news that U.S. shale oil Continue Reading
U.S. rig data shows the longest stretch of gains since 2011 Global oil market moving closer to balance: Saudi Aramco CEO Oil declined below $53 a barrel as the U.S. Continue Reading
We have seen before how machines, or more precisely the algorithmically programmed computers, are increasingly responsible for setting prices in the WTI futures pit. The algos feed on news flow, Continue Reading
Despite slow start to oil price growth in 2017, Raymond James says $70 WTI is on the horizon. Bullish global oil demand is expected to draw 1 million barrels per Continue Reading
Money managers’ WTI net-longs increase for second week: CFTC WTI oil tops $53 a barrel; U.S. crude supply drops from record OPEC is finally making some headway in its race Continue Reading
Saudi Arabia will start reviewing a number of multi-billion-dollar infrastructure and development project—remnants from a better past when crude oil prices were in three-digit territory. Some of these, according to Continue Reading
Mid-$60 oil seen by end-2017 as effects of OPEC cuts increase Bank sees commodity investment flows rising in second quarter Citigroup Inc. joined Goldman Sachs Group Inc. in backing commodities, Continue Reading
