The Oil War Just Getting Started

Let the battle begin. OPEC is trying to cut production and drive prices up while U.S. Shale Oil producers are seeing the increase in oil prices as an opportunity to get back in the game. More oil rigs are coming on line in the U.S. accompanied by … [Read more...]

Oil Prices Running Out Of Reasons To Rally?

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from … [Read more...]

Oil Prices High Enough to Spark Shale Rebound

U.S. Shale Is Now Cash Flow Neutral - What that means is that Operating Cash flow is finally covering the cost of Capex (i.e. Capital Expenditures - an expense is a capital expenditure when the asset is a newly purchased capital asset or an … [Read more...]

Oil Rally Reaching Limit

Oil prices have rallied by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price … [Read more...]

The Truth About the Russia-Saudi Oil Deal

If you follow the oil news, you've probably heard about the OPEC oil deal between Russia and the energy ministers from Saudi Arabia, Qatar, and Venezuela. When the news was announced Oil prices jumped. But if you think this deal actually means … [Read more...]

Russia Cries Uncle on Oil

Russia Cries Dyadya (Uncle), Is Saudi Arabia Listening? In recent days, signs of a possible breakthrough in the year-long stand-off between Russia and Saudi Arabia on crude production strategy have emerged. Saudi Arabia, OPEC's dominant member, has … [Read more...]

60 Reasons Why Oil Investors Should Hang On

Inventories will continue to rise, but the momentum is slowing. The following are some observations as to how we got here and how we're gonna get out. 9 Reasons Why Oil Has Taken So Long to Bottom: 1. OPEC increased production in 2015 to multiyear … [Read more...]

Are Low Crude Oil Prices a “Boom Or A Curse” For The World Economy?

As the chart to the left shows, in the period from 2002 until 2014 the U.S. moved from 3rd place to 1st place in world crude oil production. This is primarily due to the improvement in "fracking" technology which has led to the massive increase in … [Read more...]

Strippers Suffering From Low Oil Prices

With Prices Below $50, what is a stripper to do? With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. … [Read more...]

ISIS, Turkey And Oil – The Bigger Picture: Interview With Pelicourt

As the terrorist attack in Paris sparks worldwide fear of similar reprisals and a bloody shootout and hostage situation in a five-star Mali hotel exacerbates those concerns, global energy security reels under the pressure of unfathomable geopolitics. … [Read more...]