Post Tagged with: "energy markets"

Source CNBC

Oil prices ‘could make a run at $80’ if US-Iran conflict intensifies, analysts say

CNBC


Oil prices could surge toward $80 a barrel if escalating geopolitical tensions disrupt Middle East crude supplies, analysts told CNBC on Friday, with energy market participants “on tenterhooks” after a U.S. airstrike killed key Iranian and Iraqi military personnel.…

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

From Bloomberg


Hildebrand gained fortune buying old, conventional oil assets, bet may be timely as investors begin to sour on shale

Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, …

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

From Reuters


An inexorable decline in spot market prices for liquefied natural gas (LNG) is pushing utilities in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices, lawyers and analysts said.

The …

U.S. Energy Expenditure Level Lowest Since 2004

U.S. Energy Expenditure Level Lowest Since 2004

The EIA reported today that the U.S.’s expenditures for delivered energy totaled $1.127 trillion, or 6.2% of the nation’s GDP, in 2015—the lowest since 2004. The decrease was approximately 20% lower than expenses in 2014, which totaled a little over …