iOS app Android app

Opec

Clean Energy in the Cat-bird seat?

Carl Pope | Posted 06.08.2016 | Green
Carl Pope

Climate denial is still a threat and a problem -- particularly in the politics of the US. But the ace in the whole that the coal and oil industry still hold is the reluctance of wealthy industrial nations to recognize that this is a time to invest in -- not strangle -- the future.

Does Iran Have The Upper Hand In The OPEC Oil War?

Oilprice.com | Posted 06.06.2016 | Business
Oilprice.com

Traditional rivals, Saudi Arabia and Iran, continue to fight to prove their supremacy in OPEC. Neither gives up an opportunity to hurt the other, when...

Friday Already? Non-Farm Payroll Disaster Knocks the Markets Lower

Phil Davis | Posted 06.03.2016 | Business
Phil Davis

I love the shorter work-week. This is a great time to point out to your boss that you got just as much done this week as you do in a 5-day week ...

Fake Market Thursday - OPEC, ECB and the S&P 500

Phil Davis | Posted 06.02.2016 | Business
Phil Davis

No one was trading yesterday. The markets may as well have been closed based on the volume trading on the S&P's ETF (SPY) and, as you can see, the...

Get Smart Fast: Donald Trump's Energy and Environment Agenda in 200 Words

Elizabeth McCulley Gore | Posted 06.02.2016 | Politics
Elizabeth McCulley Gore

Without more particulars, it is difficult to know how Trump would achieve many of these goals. Some policy priorities would run into logistical challenges almost immediately.

Nigerian Outages Drag Total OPEC Production Down In May

Oilprice.com | Posted 06.01.2016 | Business
Oilprice.com

Based on survey data compiled by Reuters for the month of May, OPEC crude oil out has fallen by 120,000 barrels per day--a drop largely attributed to ...

Will OPEC's June 2 Meeting Mark the Death of OPEC?

Shahir ShahidSaless | Posted 05.28.2016 | Politics
Shahir ShahidSaless

New developments in Saudi Arabia and Iran, related to the oil market, may precipitate the emergence of a new battleground in the rivalry between the two countries. This article seeks to investigate where the Saudi-Iran confrontation may lead and whether it could result in the death of OPEC (Organization of Petroleum Exporting Countries).

The Desperate Plight of Petro-States

Michael T. Klare | Posted 05.26.2016 | World
Michael T. Klare

Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil prices remain at ruinously low levels.

OPEC Head Calls for $65 Oil

Oilprice.com | Posted 05.25.2016 | Business
Oilprice.com

A minimum price of $65 a barrel for oil is "badly needed at the moment" according to Qatari energy minister Mohammed bin Saleh al-Sada. On Tuesday, t...

Sale of Aramco, Cabinet Shake-up: Is it the Beginning of the End for Saudi Arabia?

David Oualaalou | Posted 05.23.2016 | Politics
David Oualaalou

Saudi Arabia's financial power derives from its oil wealth; thus, offering for sale some of Aramco's precious assets could have serious consequences for the royal family's existence. So why is the king pursuing this strategy?

What Does The Next OPEC Meeting Have In Store?

Oilprice.com | Posted 05.19.2016 | Business
Oilprice.com

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran The 2 June 201...

Monday's Oil Mess: Rent-A-Rebel Jacks up Prices into the Holiday

Phil Davis | Posted 05.16.2016 | Business
Phil Davis

Rent-A-Rebel to the rescue! That's right, whenever the oil market needs a lift, there are hundreds of reliable groups of kids with guns and outb...

What OPEC Has To Fear From The New Saudi Oil Minister

Oilprice.com | Posted 05.10.2016 | Business
Oilprice.com

In a surprise move, Saudi Arabia sacked its long-time oil minister over the weekend, an event that illustrates the near-total control that the new you...

Top Russian Oil Executive Predicts End Of OPEC

Reuters | Alexandra Ma | Posted 05.10.2016 | World

MOSCOW (Reuters) - Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, top Russian oil executive Ig...

This Is Why Oil Companies Should Stop Looking For Oil

The Huffington Post | Ben Walsh | Posted 05.05.2016 | Business

Oil companies are getting hammered by investors for being oil companies. The price of a barrel of crude is down 60 percent in the last two years. The...

Adding Oil to the Fires in the Middle East

Tom Engelhardt | Posted 04.28.2016 | Politics
Tom Engelhardt

In a Greater Middle East in which one country after another has been plunged into chaos and possible failed statehood, Iran and Saudi Arabia have been bedrock exceptions to the rule. Iran, at the moment, remains so, but the Saudi royals, increasingly unnerved, have been steering their country erratically into the region's chaos.

Debacle at Doha

Michael T. Klare | Posted 04.28.2016 | Politics
Michael T. Klare

Sunday, April 17 was the designated moment. The world's leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. But far from restoring the old oil order, the meeting ended in discord, driving prices down again and revealing deep cracks in the ranks of global energy producers.

TGIF - Stop the Rally, We Want to Cash Out!

Phil Davis | Posted 04.15.2016 | Business
Phil Davis

You are welcome! That's right, yesterday we told you that the Nikkei was facing the Kobayashi Maru and we picked a short on the Futures (/NKD) at ...

$85 Crude Oil By Christmas - An Interview With Mike Rothman

Oilprice.com | Posted 04.08.2016 | Business
Oilprice.com

After a 50 percent rally in oil prices between February and March, crude has retreated a bit as of late. The upcoming OPEC-Russia meeting in Doha loom...

Why Oil Stocks Will Be the Best Investment in 2016

GOBankingRates | Posted 03.23.2016 | Business
GOBankingRates

By Barbara Friedberg, Contributor Predicting the stock market is no easy task. "Buy low" is great advice, but how do you know if a low stock won't go...

What Happens When Oil Hits $50?

Oilprice.com | Posted 03.22.2016 | Business
Oilprice.com

If oil prices reach $50/b, instead of decreasing, U.S. production will likely increase because many of the shale oil drillers on the brink of insolvency will view this as a Godsend and boost production to remain in business. They are just waiting to re-open the floodgates here.

Energy Wars of Attrition

Michael T. Klare | Posted 03.08.2016 | Politics
Michael T. Klare

With the advent of North American energy abundance in 2012, petroleum enthusiasts began to promote the idea of a "new American industrial renaissance" based on accelerated shale oil and gas production and the development of related petrochemical enterprises.

This Could Explain One Of The Biggest Mysteries Of Cheap Oil

The Huffington Post | Ben Walsh | Posted 03.03.2016 | Business

The price of oil has crashed over the last year and a half. In the middle of 2014, a barrel of crude cost over $100. Now it's worth just over $30. Nor...

Saudis Turn to Capital Markets for $10 Billion Loan

Oilprice.com | Posted 03.03.2016 | Business
Oilprice.com

Saudi Arabia is seeking a $10 billion loan from international banks, according to Reuters, which represents the country's first major loan in more tha...

Is This the Most Bullish News for Oil Since 2014?

Oilprice.com | Posted 02.25.2016 | Business
Oilprice.com

It announced that it will not maintain any active rigs in the Bakken shale region in 2016 and also announced production cuts of 15-20 percent and a capital spending reduction of 80 percent.