In: News

Oil at five-week high as OPEC sources, Russia, talk of cooperation
August 17, 2016

Oil settled up nearly 2 percent on Tuesday, hitting five-week highs for a second straight day as sources at OPEC spoke…

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Oil tycoon Pickens boosted energy holdings as rigs bottomed out
August 16, 2016

Oil tycoon T. Boone Pickens boosted the value of his energy holdings by more than a third in the second quarter,…

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U.S. rig count up 17 this week to 481, Texas up 13
August 15, 2016

The number of rigs exploring for oil and natural gas in the U.S. increased by 17 this week to 481. A…

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U.S. operators need $60 oil to stage real comeback, IEA says
August 12, 2016

While shale drilling in the U.S. is on the rise again, prices need to climb nearer to $60/bbl for U.S. producers to…

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IEA: Crude Production to Fall Behind Demand
August 11, 2016

‘Our balances show essentially no oversupply during the second half of the year,’ International Energy Agency says The world’s production of…

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The Real-Estate Magnate Who’s Riding the Hottest Stock in the Oil Patch
August 10, 2016

Investors have been sifting through the rubble of the oil bust in search of bargains ever since crude prices collapsed two…

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Kuwait is hiking gas prices by up to 83%
August 9, 2016

Drivers in Kuwait may be in for a serious case of ‘sticker shock’ as gas prices soar next month. The price…

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Crude slump sees oil majors’ debt burden double to $138 billion
August 9, 2016

HOUSTON (Bloomberg) — When commodity prices crashed in late 2014, oil executives could look at their mining counterparts with a sense…

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Why oil bears shouldn’t count on U.S. shale rebound
August 4, 2016

Oil market bears argue that rebounding production in U.S. shale regions will add to the global glut of crude, slowing the…

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State Of The Oil Market
August 1, 2016

US production decline is accelerating and not as resilient as initially purported. The global oil market is now undersupplied. Based on…

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