Yet Another Delay For The Asia-China Gas Pipeline
Reports suggest that the struggling…
U.S. Shale Kills Off The Oil Price Rally
Oil prices plunged below $50…
The U.S. Border Tax Would Hit Texas Hard
The proposed border tax has…
Energy
Can OPEC Resist The Temptation To Cheat?
OPEC’s monthly report for February was released Tuesday morning, and total output appears to have fallen from 32.097 million bpd in January to 31.958 million bpd. Members which agreed…
The U.S. Border Tax Would Hit Texas Hard
The proposed border adjustment tax has been dividing U.S. lawmakers. It is also dividing companies into those who support it and those who do not, as the simplified theory of…
Iran Continues To Ignore The OPEC Deal
All data below is in thousand barrels per day and is through February 2017. (Click to enlarge)OPEC crude oil production…
Oil Prices Sink As Bearish Sentiment Takes Hold
Oil prices were hit hard on Tuesday by a bearish EIA report and continued uncertainty over a possible OPEC deal extension. Natural gas also saw losses as warm weather and…
Deciphering Today’s Oil Markets
The EIA reported a crude build of 8.2 million last week, the 9th consecutive weekly inventory rise, with oil prices later plunging 5.3 percent. The sudden drop in oil…
EIA And OPEC Send Oil Prices Tumbling
The double whammy of yesterday's EIA drilling productivity report - showing rampantly rising shale production next month - combined with a bearish OPEC monthly oil market report, has sent oil…
An OPEC Deal Extension Won’t Affect Oil Prices
The possibility of OPEC deciding to extend the deadline of its November 30 oil output cut agreement is growing, according to one former senior U.S. energy official. Former Assistant Secretary…
Why Last Week’s Oil Price Crash Was Inevitable
For traders who were paying attention, the weekly COT (Commitments of Traders) reports from the CFTC (U.S. Commodity Futures Trading Commission) have recently been screaming out a warning…crude oil bear…
New Oil Price War Looms As The OPEC Deal Falls Short
Last November, OPEC orchestrated an impressive feat: corralling all (or nearly all) of its members to sign on to relatively aggressive production cut deal, and then actually convincing everyone to…
How Likely Is An OPEC Deal Extension?
Damned if they do and damned if they don’t. This is OPEC’s precarious position after the recent fall in oil to below $50 per barrel. Oil prices will tank if…
