Industry News

Renewable Energy, Growing But Still NOT ready for Prime Time

Although renewables are indeed important for the future of energy, the renewable energy use vs fossil fuels shows it has a long...

Oil is a buy for Citigroup as Goldman says market getting tight

By GRANT SMITH, ALEX LONGLEY AND JONATHAN FERRO LONDON (Bloomberg) — Oil’s slump to a five-month low is driven purely by...

IEA: Global oil supply to lag demand after 2020 unless new investments approved soon

PARIS — Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil...

Citigroup sees $60 oil as OPEC combats roaring U.S. shale

SINGAPORE (Bloomberg) — Citigroup Inc joined Goldman Sachs Group in backing commodities, saying it’s the season to have faith in raw...

Oil set for longest gain since 2012 as Saudis seen extending cut

LONDON (Bloomberg) — Oil advanced for an eighth day in London, the longest gain since 2012, on confidence Saudi Arabia will...

Goldman Sachs still confident in crude

SINGAPORE (Bloomberg) — Goldman Sachs Group Inc. says keeping the faith in commodities is paying off. Four weeks after the bank...

IEA warns of potential shortage of global oil supplies in 3 years

The recent drop in oil industry investment brought on by weak prices threatens to significantly slow supply growth in the long...

Contrarian fund managers expect oil prices to double to $100 by 2018

“Missing barrels” has always been a challenge regarding the IEA analysis. This article provides an intriguing explanation. “Prior to the uptick...