In: News

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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Forget The Glut – This Is Why Oil Prices Will Rise
July 27, 2016

The rate of oil production decline in the United States will accelerate in the 3rd quarter. It has already started. Per…

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Oil prices set to peak sooner than expected on supply shortage, Barclays says
July 20, 2016

Barclays is the latest bank to raise its forecast for medium-term oil prices, saying it now expects them to peak sooner…

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U.S. oil companies closer to balancing capital investment with operating cash flow
July 18, 2016

Although the crude oil price decline since 2014 has led to significant reductions in operating cash flow for U.S. oil companies,…

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U.S. Oil Rig Count Increases For 6th Time In 7 Weeks
July 18, 2016

The US oil and gas rig count rose by 7 this week, with Baker Hughes adding 6 more oil rigs to…

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Citibank: We’re nearing a bull market for oil
July 16, 2016

Citigroup is “especially bullish” on commodities in 2017, the bank says. “The oil market is treading water for now, but the…

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IEA releases Oil Market Report for July
July 15, 2016

Record pumping rates in the Middle East and recovering flows in Nigeria consolidate OPEC market share Global oil supplies rose by…

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