Tag: oil

May 22, 2018

Oil prices have climbed in recent weeks, but whether that rise will continue for longer could be in doubt. “On a 12-month basis, which is the horizon we take, we think we’re more likely to be in sort of a […]

May 21, 2018

The average price of regular-grade gasoline in the U.S. jumped 10 cents a gallon over the past two weeks to $3. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price has spiked 41 cents over the […]

May 17, 2018

An anomaly is taking shape in the oil market — one that suggests the sheer force behind the recent rally. Paul Hickey, who runs independent research firm Bespoke Investment Group, says WTI crude is surging in an atmosphere that isn’t […]

May 16, 2018

Oil prices may continue to rally past three-and-a-half year highs and all the way to $85 a barrel as soon as July, according to Pulitzer Prize-winning author and closely followed energy analyst Dan Yergin. Prices in the oil market have […]

May 15, 2018

The key oil demand growth center—China—has just beaten its own imports and refinery runs records, as refined oil product exports jump and domestic crude oil production hits seven-year-lows. While all eyes are riveted on Iran and the Middle East, the […]

May 14, 2018

Here are four big factors influencing the domestic oil and gas industry as the week begins: The rig count continues to escalate steadily. The DrillingInfo daily rig count sits at 1105 as of May 13, up 25 from two weeks […]

May 9, 2018

Washington’s decision to reinstate Iranian sanctions is likely to slowly cut off a chunk of the world’s crude supply—a shift that could redraw global supply lines and require Iran’s big customers to find alternative sources. The Trump administration’s move rattled […]

May 7, 2018

The average price of regular-grade gasoline in the U.S. rose 7 cents a gallon over the past two weeks to $2.90, the 10th week straight of increases. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the jump […]

May 7, 2018

The growth of oil production from the United States has led to fundamental changes in global oil markets in recent years. Thanks to the shale revolution, the United States is becoming the world’s top oil producer. Growth is led by […]

May 4, 2018

With California and 16 other states suing EPA, Tesla’s electric vehicles non-stop in the news, and prices now reaching four year highs, gasoline is clearly on our minds. Gasoline you should know accounts for 15-17% of total U.S. energy demand, […]

May 3, 2018

Since the dramatic and unprecedented advances in production and manufacturing of the Industrial Revolution from the late 1700s to the early 1900s, humans have been digging up coal, oil and gas for energy. Except for the introduction of nuclear power […]

May 2, 2018

With the geopolitical risk factor firmly reinstalled into the market, oil prices have risen to four-year highs. Gasoline prices are up nearly 20% in the past year! This is noteworthy because U.S. oil (and gas) production has been soaring to […]

May 1, 2018

The production losses in Venezuela are not a surprise. Output has plunged below 1.5 mb/d, down 600,000 bpd since 2016. The country is in crisis and the recent crackdown on Chevron employees in the country presages more production declines, particularly […]

April 26, 2018

It’s necessary to scrutinize the talk that some OPEC members, and particularly Saudi Arabia, want to see oil prices at $80 or $100 a barrel, reversing a longstanding tradition of emphasizing market share over short-term revenues. Without question, the Saudi […]

April 25, 2018

Sometimes a tweet is just a tweet. But with the current president of the United States, you never know. That’s why oil markets shouldn’t ignore President Trump’s recent anti-OPEC missive on Twitter. “Looks like OPEC is at it again. With […]