$USO, $OIL FLASH: This is the Era of US Crude Oil What started as an American phenomenon is now being felt around the world as US Oil exports rise to marks not thought possible a few years ago. The flow of Crude Oil will keep growing over the next few years with major consequences for […]
$OIL, $USO Saudi Arabia’s budget needs are causing Saudi Arabia to push for Crude Oil prices of at least $70 bbl this year, industry sources say, even though US Shale Oil producers could benefit and Riyadh’s share of global markets might be further eroded. Riyadh, OPEC’s de facto leader, said it was steeply cutting exports […]
Crude Oil at $100 bbl and the World’s Economy: Who Wins, Who Loses $OIL, $USO, $UGA Crude Oil prices are now begetting forecasts of a return to $100 bbl for the 1st time since Y 2014, creating both winners and losers in the world economy. Exporters of Black Gold would enjoy bumper returns, giving a […]
Saudi Arabia Looking for Crude Oil at $100 bbl $OIL, $USO The world’s Top Crude Oil exporter Saudi Arabia will be happy to see crude rise to 80 – 100 bbl, a signal the Kingdom will seek no changes to an OPEC supply-cutting deal even though the agreement’s original target is in sight. The Organization of […]
Crude Oil Posts Longest Run of Weekly Losses Since 2015 $USO, $OIL, $BAC Crude Oil posted the longest run of weekly losses since August 2015, as OPEC member Libya restored production and the surplus in the US shows little sign of slowing or halting. Last week futures finished down 2.4% on the week, a 4th […]
Crude Oil Prices Falling, Traders Worry About Global Supply Glut $USO, $OIL, $BHI Crude Oil prices fell Monday in part by renewed concerns about the global supply glut after a meeting of the Organisation of Petroleum Exporting Countries (OPEC) producers failed to impress traders and investors. May WTI Crude Oil fell 0.44, or 0.9%, to […]
Crude Oil Dives on Continuing Glut Worries $USO, $OIL, $BHI, $ICE Crude Oil prices fell for the 2nd session running Monday, after data showed a recovery for the US shale Oil drilling activity. The number of US rigs classified as drilling for Crude Oil was up 15 to 566 last week, according to oilfield service […]
Quebec to Open up Shale Oil & Gas Reserves TVX:QEC, TVX:JNX Quebec passed hydrocarbon legislation that is likely to open up Shale Gas and Oil reserves to energy companies operating in the Province. Bill 106, introduced in June, passed by a margin of 62 to 38. It creates a new agency to promote Quebec’s transition […]
America Can Become The Global Energy Powerhouse $USO, $UNG The Shale revolution has put America on the path to becoming a global Crude Oil and Nat Gas powerhouse. The ability to find more buyers as US capacity increases at a competitive price will dictate how dominant the US will become as an energy power in […]
The Permian Basin’s Has a $900-B Gift to the World of Energy $USO, $UNG, $PXD, $COP, $FANG The Permian Basin is the gift that keeps on giving. One portion of the giant field, known as the Wolfcamp Formation, was found to hold 20-B bbls of Crude Oil trapped in 4 layers of shale beneath the […]
USGS Add 20-B bbls of Crude to US Reserves $USO, $UNG The Permian Basin of West Texas and southeastern New Mexico is one of the oldest and easily most productive oil regions in the country. The 1st Crude Oil was produced there in Y 1931, and the Permian has produced more than 28-B bbls of […]
GCC States See Record Oil & Gas Drilling As Rest Of World Falls Behind $OIL, $USO, $BHI The Arabian Peninsula accounts for nearly 30% of all active Crude Oil and Nat Gas drilling rigs outside of the US A record number of rigs are drilling for Oil & Gas on the Arabian Peninsula even as […]