Post Tagged with: "Commodity Prices"

Source: CNBC

Energy markets are in transition, and investors are retreating. Here’s why

CNBC


While the stock market has boomed, energy stocks have not. Indeed, they have been the worst-performing sector over the last decade. Moreover, energy has dropped from 15% in 1990 to only 5% of the S&P 500 sector weightings in …

Earthstone Energy Terminates Sabalo Acquisition

Earthstone Energy Terminates Sabalo Acquisition

Earthstone Energy, Inc. Announces Termination of Sabalo Acquisition and Cancellation of Special Meeting of Stockholders

December 27, 2018 - 8:00 am Closing Bell Story‎, Finance, Press Releases
Where are Prices Headed Following News of an OPEC Production Quota?

Where are Prices Headed Following News of an OPEC Production Quota?

Unexpected oil deal sees crude oil prices jump

OPEC announced yesterday a plan to reinstate a production cap for the group between 32.5-33.0 MMBOPD. The group reported producing 33.2 MMBOPD in its August report, meaning that OPEC would cut, at …

Source: HRW.org

U.K. Pulls the Rug Out from Under Markets, Votes Yes on Brexit

Markets take a dive as U.K. votes to leave the European Union

In a referendum that essentially split the country, the United Kingdom voted to leave the European Union Thursday, a move most market experts did not believe would take …

WTI Closes Higher than $50 per Barrel

WTI Closes Higher than $50 per Barrel

Today’s closing price represents a 2016 high for WTI oil prices

Oil prices hit 2016 highs today, with U.S. crude benchmark WTI settling above $50 per barrel for the first time since July 21, 2015, when WTI closed at $50.36, …

Crude Oil Inventory Build is Five-Times Larger than Expected

Crude Oil Inventory Build is Five-Times Larger than Expected

U.S. crude oil inventories grow by 2.8 MMBO

Oil prices are down today after an inventory build that exceeded economists’ estimates by a factor of five.

According to data from Bloomberg, economists estimated an average build of 556 MBO, but …

Six U.S. Plays Continue to Show 15% IRRs in a Sub-$40 Oil World

Six U.S. Plays Continue to Show 15% IRRs in a Sub-$40 Oil World

About one-third of U.S. plays remain economic below $40 per barrel WTI

As oil and gas producers around the globe continue to struggle with lower commodity prices, a select few basins remain economical at today’s prices. Six basins out of …

Four OPEC, Non-OPEC Producers Agree to a Production Freeze

Four OPEC, Non-OPEC Producers Agree to a Production Freeze

Markets unsatisfied with deal to maintain production

The first signs of cooperation between OPEC and non-OPEC countries on crude oil production emerged today in the form of a deal between Russia and three OPEC members, including the group’s largest producer, …

Oil Price Recovery Would Take 18 Months if it Started Today – Continental Resources VP

Oil Price Recovery Would Take 18 Months if it Started Today – Continental Resources VP

An Oil & Gas 360® exclusive interview with Kirk Kinnear, vice president of crude logistics and hedging at Continental Resources

Market volatility has crude oil prices making huge swings, both up and down, with markets reacting to even just a …

Oil Bounces off 12-Year Low Following UAE Comment about OPEC Cut

Oil Bounces off 12-Year Low Following UAE Comment about OPEC Cut

UAE energy minister said OPEC members ready to cooperate

The price of oil today approached a new low of $26.21 per barrel today, the lowest since May 8, 2003, when it hit $26, before bouncing up on news of a …

Super Bowl 50: Why the Oil Industry Should Root for the Broncos

Super Bowl 50: Why the Oil Industry Should Root for the Broncos

barrelmanOk, first for disclosures. Yes, EnerCom, Inc. and Oil & Gas 360® are based in Denver, Colorado. Yes, we’ve sampled Rocky Mountain Oysters at the games. Yes, we have a demonic 32-foot horse statue at our airport. And yes, …

February 5, 2016 - 4:54 pm Closing Bell Story‎, Oil and Gas 360 Articles
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 …

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 …

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 …

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, …

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 …

Oil and Gas Bankruptcy Climbs to More than $16 Billion in 2015

Oil and Gas Bankruptcy Climbs to More than $16 Billion in 2015

*This story was corrected from an earlier version to reflect Energy & Exploration Partners’ debt level

Low oil prices push 41 energy companies into bankruptcy

Saying that 2015 has been a difficult year for the oil and gas sector would …

A rig site in North Dakota

116 MBOPD of Production Expected to Go Offline in January: EIA

Production forecast says NatGas will be down by 365 MMcf/d in Jan

The Energy Information Administration (EIA) forecasts that next month. Despite the trend of more efficient wells, the EIA said it anticipates lower production in all major oil producing …

Oil Drops Below $40  as OPEC Rolls Over Policy

Oil Drops Below $40 as OPEC Rolls Over Policy

OPEC shows no signs of slowing oil production

Oil prices fell lower today as OPEC showed no signs of changing its policy of defending market share, which the group started on Thanksgiving Day of last year. U.S. crude benchmark WTI …

U.S. Gasoline Prices Hit Seven-Year Low Ahead of Thanksgiving

U.S. Gasoline Prices Hit Seven-Year Low Ahead of Thanksgiving

Thanksgiving represents one of the heaviest travel times in the United States

The cost of gasoline across the United States is averaging $2.09 per gallon, as of November 23—that’s 73 cents lower than a year ago, and the lowest level …

Oil Rigs Break 10-Week Decline

Oil Rigs Break 10-Week Decline

Overall rig count down again due to fewer rigs seeking gas

Baker Hughes (ticker: BHI) released its weekly rig counts, indicating that the number of rigs drilling for oil in the United States increased for the first time in …

CIBC Sees Crude Draws Beginning in 2016

CIBC Sees Crude Draws Beginning in 2016

Size and timing of production rollover will depend on OPEC output

The Canadian Imperial Bank of Commerce (CIBC) released its Oil View today, making some changes to its price forecasts from its previous release in August. CIBC’s new call on …

Oil Prices Could Deplete Russia’s Sovereign Funds by the End of 2016

Oil Prices Could Deplete Russia’s Sovereign Funds by the End of 2016

“2016 is the last year when we are able to spend our reserves [this] way” – Russian finance minister

Russia’s Ministry of Finance released a draft budget for 2016, which relies heavily on the country’s sovereign fund to bridge its …

October 29, 2015 - 12:46 pm International, Oil and Gas 360 Articles
OPEC: Too Close to Call - Oil & Gas 360

A Year after OPEC Throws a Stone into the Pond, the Ripples are Still being Felt

The Thanksgiving Day Decision

Last November, OPEC sparked the decline in crude oil prices that would see both international benchmark Brent crude, and U.S. benchmark WTI crude, lose more than 50% of their value. The group decided to move away …

Oil Prices All the Rage, but what about Natural Gas?

Oil Prices All the Rage, but what about Natural Gas?

Raymond James Cuts Long Term Henry Hub Price to $3.25

The industry buzz word for the last several years has been “liquids,” as the majority of companies have focused on oil-rich plays and realigned drilling operations to higher condensate areas. …

Oil Prices up Over $10 in a Week

Oil Prices up Over $10 in a Week

Oil continues climb

Oil prices continued to climb today, following a trend from late last week. West Texas Intermediate for October 2015 was trading at $47.50 per barrel today, up about $10 from last Monday’s lows. Last week, better …

Strong Data Contributes to Oil Rebound, but will it Last?

Strong Data Contributes to Oil Rebound, but will it Last?

Oil prices see the largest percent gain in six years

The U.S. crude oil benchmark West Texas Intermediate closed today 10.3% higher at $42.56 per barrel. In percentage terms, that is the largest gain seen in WTI prices in one …

U.S. Production Down 100 MBOPD in July – EIA

U.S. Production Down 100 MBOPD in July – EIA

The EIA’s Short-Term Energy Outlook shows declining production as prices dropUS Production

The U.S. Energy Information Administration (EIA) released its July Short-Term Energy Outlook (STEO) today, showing lower production in the month of July as prices continue their downward trend. The …

Source: theiet.org

Iran Deal Reached: Predictions on Added Crude Exports Range from 400-800 MBOPD

Opinions vary widely on how much Iranian crude will hit the market and when we can expect to see it

The much anticipated deal between Iran and the five permanent members of the U.N. Security Council, plus Germany (P5+1), was …