Tag: oil

November 21, 2018

Oil bounced above $63 a barrel on Wednesday to claw back some of the previous day’s 6 percent plunge, lifted by a report of an unexpected decline in U.S. crude inventories. The American Petroleum Institute (API) said on Tuesday that […]

November 19, 2018

For those who think – or hope — we’re nearing the end of the age of oil, look no further than today’s media preoccupation with whether or not Saudi Arabia might cut production to manipulate price upwards. The enduring issue, […]

November 16, 2018

How quickly things can change in oil markets. A month ago the industry was fixated on Iran sanctions, possible supply shortages and a lack of global spare production capacity — issues that drove benchmark Brent oil prices over $86 a […]

November 13, 2018

When Donald Trump ran for the presidency on the slogan of “America First,” he either failed to consider or failed to convey the global realities in which we live: free trade is integral to global commerce, especially for U.S. oil […]

November 12, 2018

For 2nd month in row, and ahead of Trump-Xi meeting this month, US oil exports to China at zero following $1B record. For the second month in a row and just three months after topping $1 billion and setting a […]

November 9, 2018

So, U.S. sanctions on Iran were fully implemented on Monday, fully but not completely, rather as Miracle Max in “The Princess Bride” says “mostly dead is a little alive.” Waivers were granted to eight major customers of Iran that will […]

November 9, 2018

In a fungible global energy market, China does not “need” the United States, nor does the United States necessarily “need” China. America’s oil and natural gas producers can find willing buyers elsewhere and China has no shortage of options when […]

November 6, 2018

A U.S. economic sledgehammer is falling on the Islamic Republic of Iran and global energy markets couldn’t care less – at least for now. Brent crude oil futures are up a meager $0.62 from their $72.61 open – bringing the […]

November 2, 2018

The oil market faces a precarious few months. The imposition of U.S. secondary sanctions on Iranian exports on November 5 is the critical factor behind Brent’s rally to more than U.S.$80 a barrel in October. There’s enough supply to meet […]

November 1, 2018

With U.S. sanctions on Iran coming next week, oil remains the talk of the energy world. And that makes sense: oil is the engine of global economic growth, supplying 35% of all energy used. One of the great misconceptions today […]

October 31, 2018

Energy expert John Kilduff sees an unusual phenomenon affecting crude oil and beaten-down stocks. According to the Again Capital founding partner, oil and stocks have embarked on the closest trading relationship since early 2016 and during the financial crisis sell-off. […]

October 30, 2018

Who most benefits from US sanctions on Iran? Is it Saudi Arabia? Israel? Perhaps the United Arab Emirates? Try Russia. By weakening Iran, the sanctions cede Russia the power to balance crude oil markets. That’s because OPEC needs big producers […]

October 29, 2018

“Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in the world economy.” The media is full of stories predicting that the oil price will […]

October 29, 2018

What does tight oil have in common with FAANG stocks? Answer: tight oil is arguably the upstream equivalent of these tech sector leaders. It’s the hot investment play in the oil and gas index, it’s outperformed like mad, and it’s […]

October 29, 2018

Stories about the demise of North Sea oil and gas exploration are aplenty. The mature prospect peaked in 1999 and admittedly its heyday has come and gone. However, every single prediction about its end of life date has been wrong. […]