Oil Prices ///

Downgrades abound as oil analysts turn gloomy on supply glut

Energy analysts are heading for the exits.

Oil posts slight gain after falling into bear market

Oil prices recovered after falling into a bear market amid speculation rising U.S. output will blunt OPEC-led efforts to trim a global glut.

Smart IT solution reaps benefits for agency, industry

A new well log electronic filing system has reduced the burden on operators and saved both the industry and Railroad Commission thousands of dollars and man-hours in its first six months of use.

Crude languishes in bear market ignoring Middle East, GOM storm risk

Oil languished in a bear market as prices were unmoved by risks ranging from tropical storms in the GOM to geopolitical tensions in the Middle East.

Oil markets see heightened conflict risk in Saudi Arabian power shift

Energy markets need to brace for an even more assertive Saudi Arabian foreign policy that could threaten regional stability in the heart of the global oil industry.

Crude slides into bear market as oversupply distress deepens

Oil entered the first bear market since August as concerns worsen that OPEC is failing to ease a global supply glut.

Oil drops to seven-month low as Libya adds to persistent surplus

Oil dropped to the lowest in seven months amid a revival in output from Libya and rising volumes of fuel held in floating storage.

Shale patch M&A frenzy cools as oil price seen stuck below $45

Deals in the shale patch aren’t so hot anymore with oil in the doldrums.

Oil tankers store most oil this year as glut refuses to die

Oil traders are resorting to storing more and more oil at sea amid swelling output in the Atlantic region, a sign the market is far from the kind of re-balancing that OPEC would have hoped for when the group set out last year to bring down global stockpiles.

Libya pumps most oil since 2013 on restart at Wintershall fields

Libya is pumping the most oil in four years after a deal with Wintershall AG enabled at least two fields to resume production.

Saudis see oil market balance despite added Libyan barrels

Oil markets are expected to balance in the fourth quarter even as output from fellow OPEC members Libya and Nigeria as well as from shale oil producers is on the rise, according to Saudi Energy Minister Khalid Al-Falih.

Oil trades near $45 as U.S. continues drilling expansion

Oil traded near $45/bbl following a fourth weekly loss as U.S. drillers continued to add rigs, blunting OPEC-led efforts to rebalance an oversupplied market.

The forward curve for oil prices suddenly looks awful for OPEC

As if a mini-collapse in oil prices wasn’t bad enough for OPEC, the pattern in which futures contracts are trading years from now has flipped into the worst possible structure for the exporter group.

CEO who called Canada's stock bottom sees $90 oil by 2020

Early last year, Jean-Guy Desjardins correctly predicted that Canadian equities were due for a rebound. He’s now saying oil prices will double, taking energy stocks along for the ride.

New Russia sanctions impact muted even as energy shares sag

For investors in Russia’s energy and metals sectors, the U.S. Senate’s bill to expand sanctions was a blow. Whether it will hurt Russian companies targeted by the legislation is less certain.

Oil set for longest run of weekly losses since 2015

Oil headed for the longest run of weekly losses since August 2015 as OPEC member Libya restored production just as the surplus in the U.S. showed few signs of abating.

Oil trades near seven-month low after U.S. gasoline supplies surge

Oil traded near the lowest closing level in seven months as U.S. gasoline supplies unexpectedly rose for a second week.

Oil guru who foresaw crash says OPEC should have cut deeper

The oil guru who predicted the market rout in 2014 said OPEC and its allies should have gone much further when they extended their supply deal last month.

Iraq is new oil king, beats Saudis in fastest growing market

Iraq is gaining the edge over Saudi Arabia in the world’s fastest-growing oil consumer amid an intensifying race among producers to retain their most-prized markets.

Shale drillers may be digging own hole as oil flirts with $40

U.S. shale is coming perilously close to puncturing its own rally.