Oil

Oil Falls Prey to 'Hungry' Bears as Investors Drop Bets on Rally - Bloomberg

Bears are dominating the oil market.<p>Hedge funds cut bets on rising West Texas Intermediate crude prices by 31 percent in the week ended June 20, …

New York Mercantile Exchange

OPEC Looks Totally Bewildered by the Oil Market - Bloomberg Gadfly

It may be too soon to write OPEC's obituary, but the oil producer club appears in urgent need of late-life care. It shows little understanding of …

Permian Basin

Of Course Fracking Is Safe, Stanford Prof Says

The benefits of fracking far outweigh its costs not only economically, but environmentally, a Stanford University geophysicist said Friday.<p>After teaching geophysics at Stanford for 30 years Mark Zoback took the helm of Stanford’s new Natural Gas Initiative three years ago, he said, because of gas’s …

Fracking

The Shale Revolution’s Staggering Impact in Just One Word: Plastics

Petrochemicals, once simply a cheap byproduct, are powering a U.S. manufacturing boom and export bonanza<p>When new parents in Rio de Janeiro buy baby food in plastic containers, they are bringing home a little piece of the U.S. shale revolution.<p>That boom in drilling has expanded the output of oil and …

News (U.S.)

Turkey spots political advantage to investing in northern Iraq’s gasfields

Analysts say Ankara would relish the chance to extend its influence in the turbulent region

Turkey

The Coming War Between Saudi Arabia And Iran Will Make American Frackers Very Rich

Saudi Arabia and Iran are moving closer to a direct military confrontation that has the potential to disrupt Middle East oil supplies and push crude oil prices back towards the $60, even $100, level.<p>That’s a dream scenario for American frackers who will have to pump oil as fast as they can to make …

Persian Gulf

California’s double-edged “climate leadership”: Behind the big talk, a cozy relationship with Big Oil

Gov. Jerry Brown positions himself as an anti-Trump leader on climate issues. But Big Oil hasn't gone away<p>When President Donald Trump announced that the United States would withdraw from the Paris climate agreement, California elected officials were immediate leaders in the reaction, promising to …

Oil & Gas Industry

Trump to Call for U.S. ‘Dominance’ in Global Energy Production - Bloomberg

Donald Trump will tout surging U.S. exports of oil and natural gas during a week of events aimed at highlighting the country’s growing energy …

United States

The Shale Revolution's Staggering Impact in Just -2-

When new parents in Rio de Janeiro buy baby food in plastic containers, they are bringing home a little piece of the U.S. shale revolution.<p>That boom in drilling has expanded the output of oil and gas in the U.S. more than 57% in the past decade, lowering prices for the primary ingredients Dow …

United States

Oil Prices Fall for Fifth Week

CBA Miming and Energy Commodities Associate Director Vivek Dhar weighs in on the price and production of oil and talks about his outlook for OPEC. He …

Business

How the gas industry can help fight climate change in Siberia

Permafrost is the layer of permanently frozen earth – over a 1,000 metres thick in some places – that lies just beneath the land surface in Arctic …

Climate Change

Will the oil price start to disturb the junk bond market?

Weakness in crude’s price will be one pressure point for markets over the next week<p><i>Here’s what we are watching at FT markets as a new trading week</i> …

Crude Oil Prices

Oil jumps one percent on weaker dollar, but rise in U.S. drilling drags

SEOUL (Reuters) - Oil prices rose more than 1 percent early on Monday on a weaker dollar, but another rise in U.S. drilling activity stoked worries …

Commodities

For energy sector, challenges go beyond oil’s latest price drop

The list of challenges facing Canada’s oil and gas sector just keeps growing.<p>Oil’s latest price slump is bad news for energy companies around the world. But Canadian producers face a wider set of mounting obstacles – everything from carbon taxes and an oil sands emissions cap to endless opposition …

Canada

Asian markets higher after Wall Street rebound

BEIJING (AP) — Asian markets rose Monday after Wall Street rebounded from losses to end the week higher on stronger oil and natural gas prices.<p>KEEPING SCORE: The Shanghai Composite Index rose 0.5 percent to 3,174.73 and Hong Kong's Hang Seng gained 0.5 percent to 25,809.12. Toyko's Nikkei 225 added …

Business

A family coup in Saudi Arabia

A week ago I heard a faint rumour of an intense quarrel within the Saudi royal family, which was presumed to be focused on an attempt to force King …

Middle East

OPEC Cuts Are Offset by U.S. and Libya

Oil traded near $43 a barrel after a fifth weekly decline as U.S. drillers extended a record run of adding rigs amid a global glut. JPMorgan Asset …

United States

Qatar's emir meets Exxon Mobil CEO

The emir of Qatar met with Exxon Mobil (NYSE:XOM) CEO Darren Woods in Doha on Saturday for talks on "cooperation" following a Gulf rift that has …

Exxon Mobil

ExxonMobil to Climate-Change Activists: Chew on This

At the company's annual shareholder meeting this May, roughly 62% of the votes were in favor of having <b>ExxonMobil</b> (NYSE: XOM) more deeply analyze and disclose the risks posed to its business from climate change. That was up sharply from 38% of the vote a similar proposal garnered in 2016. …

Exxon Mobil

News Highlights: Top Energy News of the Day

U.S. Says Some Demands on Qatar Will Be Difficult to Meet<p>The U.S. sees a list of demands put forward late last week from Saudi Arabia and other governments to Qatar as a starting point for discussions to end a three-week standoff, though some conditions will be difficult to meet, Secretary of State …

Exxon Mobil

Workers return to North Sea's Bruce as BP launches investigation - News for the Oil and Gas Sector

Workers were today flying back to the Bruce platform after being evacuated on Friday.<p>More than 70 workers were flown off the North Sea installation, …

North Sea oil

Texas oil company cited for improper drilling in Colorado that spewed waste

A Texas oil company enmeshed in a decade-long dispute over leases to drill in western Colorado’s Thompson Divide area was hit with three federal …

Denver

Cheniere's LNG Market Share Expands as Korea Contract Starts - Bloomberg

Add South Korea to the growing list of regulars buying America’s shale gas.<p>Cheniere Energy Inc., the sole exporter of liquefied natural gas from U.S. …

South Korea

China bourses rally while Asia peers struggle

Tokyo and Sydney lack traction as oil prices add to last week’s gains<p><b>Monday 03:45 BST</b><p><b>Overview</b><p>China markets rallied as other bourses across Asia …

Markets

Oil creeps up from 10-month low

Oil futures have edged higher with a lift from a weaker US dollar, but have finished a fifth straight week lower as OPEC-led production cuts have …

OPEC

3 Embarrassingly Unsustainable Dividend Stocks

The payouts coming from Cameco Corporation, CVR Energy, and BP are so obviously unsustainable it hurts.<p>Struggling commodity prices haven't been kind …

Stocks

Petrol, diesel price decline: Daily rate revision benefits consumers a week later

<b>New Delhi</b>: Petrol prices have been cut by Rs 1.77 per litre and diesel by 88 paise a litre ever since the daily revision in rates was implemented …

India

Oil prices rally with 1% gains in Asia trade

Crude prices were rallying in early Asia trade on Monday, maintaining upward momentum from Friday’s session.<p>Brent crude, the international benchmark, …

Markets

'Permania' absorbs oil market despite major geopolitical risks: RBC

Oil markets could be "sleepwalking" into a crisis but the singular focus on resilient US production means that growing serious geopolitical risks are …

Permian Basin

Can Occidental Petroleum Outperform Amid The Turmoil?

Occidental Petroleum has said that it can balance cash flows at $40 oil.<p>The update should ease investors’ concerns, particularly in the ongoing oil …

Stocks