Commodity Pricing

Oil Supply & Demand: an Interview with NAPIA and Energy Directions President Mike Smolinski

Oil Supply & Demand: an Interview with NAPIA and Energy Directions President Mike Smolinski

In this multi-part interview, NAPIA and Energy Directions President Mike Smolinski talks about oil demand, supply, price shocks, and a coming rebalance, with a detailed look at how today’s oil market fundamentals will affect U.S. oil and gas producers, oilservice …

The Shale Revolution Continues: BP

The Shale Revolution Continues: BP

Technological innovation to drive U.S. shale oil output to nearly 8 MMBOPD by 2035

While the U.S. shale industry is currently taking a beating along with most other crude oil producers around the globe, BP’s (ticker: BP, BP.com) 2016

Russia’s Medvedev Says Low Oil Prices are an Opportunity to Restructure the Economy

Russia’s Medvedev Says Low Oil Prices are an Opportunity to Restructure the Economy

“We are obliged to use these difficult moments and really change the structure of the economy” – PM Medvedev

Russia appears to be searching for a silver-lining while its economy struggles from low oil prices, international sanctions and a devalued …

Saudi Arabia Kills Venezuela’s Production Cut Deal

Saudi Arabia Kills Venezuela’s Production Cut Deal

Venezuela on track for the largest sovereign debt default in history

OPEC’s members, along with other major oil producers like Russia and the U.S., have all been feeling the pain of lower oil prices, but perhaps none more than Venezuela. …

Pickens is in Cash, Waiting for Recovery: Bloomberg

From Bloomberg

Oil tycoon T. Boone Pickens, who made and lost fortunes targeting some of the largest U.S. explorers over the past 40 years, has cashed out as the worst crude market downturn in decades drags on.

Pickens has sold …

February 5, 2016 - 2:29 pm Closing Bell Story‎, Commodity Pricing, Energy News

Saudi Arabia Cutting – Price, Not Production

Saudi Arabia continues its plan to protect market share

Saudi Arabia today cut prices of its oil to customers in major markets including Europe, Asia and the Mediterranean in the hopes of defending its market share. The move is seen …

Oil Up Over 8% Despite Record High Inventories

Oil Up Over 8% Despite Record High Inventories

Crude oil inventories break above 500 MMBO

U.S. crude oil inventories continued to grow this week, reaching a new record high of 502.7 MMBO, according to information from the Energy Information Administration. Crude inventories rose 7.8 MMBO in the …

If Punxsutawney Phil is Right, the Natural Gas Pain will be Déjà vu All Over Again

If Punxsutawney Phil is Right, the Natural Gas Pain will be Déjà vu All Over Again

An early Spring is on its way – at least, according to America’s favorite amateur weather forecaster.

On February 2, 2016, in the small town of Punxsutawney, Pennsylvania, the folk hero groundhog emerged from his burrow and declared his annual …

Source: Sweetcrudereport.com

Oil: The 30-Year Anniversary of the 1986 Collapse

The 1980s: a rough decade for cars, rock music and oil

The 1980s were a mixed up decade. Killer British-driven rock music and groundbreaking R&B artists were giving ground to wimpy, fake artists like Milli Vanilli. The era of …

Stephens: Invest in OilService Development, Not a Recovery

Stephens: Invest in OilService Development, Not a Recovery

Buy low, sell high is perhaps the most commonly (and overly) used phrase when it comes to investing. Now that commodity prices are near the floor (depending on who you ask), investors are cherry picking stocks in hopes of capitalizing …

KLR Group Sees Markets Rebalancing in 2017

KLR Group Sees Markets Rebalancing in 2017

OPEC production expected to stabilize

A recent analyst note from KLR Group indicated that oil and gas markets could balance in 2017 as OPEC production begins to stabilize and U.S. production rolls off. Saudi Arabia’s oil production is expected to …

Oil Climbs Above $32 as Markets Hope for a Saudi/Russia Deal

Oil Climbs Above $32 as Markets Hope for a Saudi/Russia Deal

Russia and Saudi Arabia may be more flexible on supply – Iraqi minister

Both U.S. benchmark WTI and international benchmark Brent crude oils rose above the $32 mark today as new hope for a supply deal emerged. Iraqi Oil Minister …

Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

$25 WTI in March a Popular Bet

Open interest reaches new highs

Bets that crude oil prices would fall below $25 per barrel in March reached an all-time high today.

It is impossible to say exactly where oil prices will be two months from now, but if …

Rigs Dip Below 650 While Oil Enjoys a 5-Day V-Shaped Recovery

Rigs Dip Below 650 While Oil Enjoys a 5-Day V-Shaped Recovery

U.S. rig counts continue their downward trend

The U.S. rig count has either decreased or remained unchanged for 22 consecutive weeks now. According to information released from Baker Hughes (ticker: BHI) the U.S. rig count fell by 13 in the …

Schlumberger: “Significant Recovery” will not occur Until 2017

Schlumberger: “Significant Recovery” will not occur Until 2017

Thwarted by Oil Market, SLB Posts first Quarterly Loss in More than a Decade

Fourth quarter earnings season is officially underway, and, expectedly, Schlumberger (ticker: SLB) opened up the forum with a not-so-pleasant outlook on the oil and gas market.…

$30 Oil Tests Stability Around the World

$30 Oil Tests Stability Around the World

Producing Countries are Floundering, whileTwo Big Users Soar

Crude oil is one of the most important commodities in the world, with many economies around the world depending on producing and selling oil for the bulk if not all of their …

Spring Borrowing Base Redeterminations: a Preview

Spring Borrowing Base Redeterminations: a Preview

Haynes and Boone polled banks, producers, private equity firms, professional services and oilservice companies in January to take an early pulse of the spring redetermination expectations from the industry and the financial institutions supplying the credit.

Key findings by Haynes …

Source: BP Offshore Azerbaijan

Oil Could Go Lower: IEA

The IEA sees continued pressure on oil potentially pushing prices down furtherIEA OMR Jan Supply and Demand

In its first Oil Market Report of the year, the International Energy Agency painted a pessimistic picture for the outlook of oil prices. Even as the IEA expects …

Iran and its Oil: Ready to Re-Enter Global Markets

Iran and its Oil: Ready to Re-Enter Global Markets

Sanctions lifted on Iran

Iran has officially carried out all measures required to start the Joint Comprehensive Plan of Action (JCPOA) and begin the implementation of sanctions relief, according to a statement from the International Atomic Energy Agency (IAEA). Saturday, …

Oman Offers to Cut Its Production 5%-10%

Oman Offers to Cut Its Production 5%-10%

Non-OPEC producer says it’s ready to cut production, but “everyone has to do the same”

Oman became the first non-OPEC oil producer to say that it will cut its production if done in coordination with other producers. Oman’s oil minister, …

$20 Oil Not New to Some Producers

$20 Oil Not New to Some Producers

Certain crude grades from around the globe are already at or below $20 per barrel

Oil and gas prices for the U.S. crude benchmark WTI, and international crude benchmark Brent, closed below $30 per barrel today, but some producers are …

Coal 2016: Knock, Knock, Knocking on Heaven’s Door

Coal 2016: Knock, Knock, Knocking on Heaven’s Door

First a warning, then executive actions through the EPA, now a halt to coal mining leases on federal land

Government policy can be used as a powerful industry killer. Ask the coal miners in Appalachia.

In a 2008 speech candidate

Energy Finance: The Right Tool at the Right Time

Energy Finance: The Right Tool at the Right Time

Oil & Gas Companies are Finding Ways to Meet Capital Requirements in a Down Market

Energy Finance: with oil prices still searching for a bottom, energy companies have been in search of ways to lighten burdens through good financial decisions. …

I Hope America Wakes Up

I Hope America Wakes Up

A letter to the editor, responding to:  “We’re Still Importing Crude Oil from OPEC. Why?” 


Dear Editor:

You are spot on with this commentary.  It is tragic that so many Americans have come to take inexpensive, efficient O&G energy so …

Source: Sweetcrudereport.com

Iran and Saudi Arabia: if Current Actions Escalate to War, What Happens to Oil Prices?

An expert on relations between the two countries weighs in on this week’s clash in an exclusive Oil & Gas 360® interview

Relations continued to worsen this week between Iran and Saudi Arabia in the Middle East, with Iran claiming …

Source: WPX

Natural Gas Prices Close on Most Difficult Year Since 1999

Don’t Expect a Rebound: Warm Winter Expected to Keep Prices in Check

Henry Hub prices in 2015 averaged $2.61/MMBtu, marking the lowest level of the millennium to date and are roughly 70% below the average price level in 2008, according

Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

Oil & Gas Industry Looks to 2016 for Answers

Survey of Energy Industry Executives and Investment Professionals Focused on the Oil & Gas Industry

In December, Oil & Gas 360® conducted a survey of industry executives and investors. We asked respondents to predict commodities pricing for 2016, as well …

We’re Still Importing Crude Oil from OPEC.  Why?

We’re Still Importing Crude Oil from OPEC. Why?

An end of the year reflection on oil prices, global demand and OPEC by Greg Barnett

It’s Thursday morning, December 31, 2015.

I’m not going to sugar coat it – it’s been a tough year.  There have been family deaths, …

The Oil Industry’s Lumpy Year

The Oil Industry’s Lumpy Year

If you look at the number of jobs lost, company market value lost, and the growing numbers of oil patch bankruptcies, 2015’s continued commodities price fall led to a lot of bangs and bruises in the oil and gas industry. …

Natural Gas Prices Dip After Reaching a Six Week High

Natural Gas Prices Dip After Reaching a Six Week High

The timing may have taken longer than expected, but natural gas prices are finally on the rise.

Spot prices for Henry Hub closed at $2.37 on December 29, 2015, marking a six week high and the third straight day of …