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ED posted an update 6 years, 7 months ago
UAE launches $45 billion investment to boost refineriesThe UAE, OPEC's fourth largest producer, aims to boost crude oil production capacity from 3.2 million barrels per day at present to 3.5 million bpd at the end of the year.
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Oilconvo News wrote a new post, Citi warns that surging oil prices could soon create a 'hostile environment' for stocks 6 years, 7 months ago
A dramatic upswing in oil prices over recent months could soon create a “particularly hostile environment” for global investors, Citi economists warned Monday.
The price of crude has risen over the past two […]
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Oilconvo News wrote a new post, All the reasons crude oil might go back to $100 a barrel 6 years, 7 months ago
here is a risk that oil prices could hit $100 per barrel next year for the first time since 2014, according to new research from Bank of America Merrill Lynch. It’s primarily an old-fashioned case of m […]
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RittaFarr wrote a new post, The 130-Year-Old Bankruptcy That Created a $5 Billion Oil Giant 6 years, 7 months ago
The hottest oil stock from the U.S. shale boom has never pumped a single barrel of crude.
Texas Pacific Land Trust, a listed land bank created out of a railroad bankruptcy more than a century ago, has […]
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Oilconvo News wrote a new post, Conoco Seizes Venezuela PDVSA Products From Isla Refinery 6 years, 7 months ago
U.S. oil major ConocoPhillips (NYSE: COP) has seized products belonging to Venezuelan state oil company PDVSA from the Isla refinery it runs on Curacao, an island official told Reuters on May 13.
Conoco has won […]
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PatrickO'Brian wrote a new post, How Oil And Gas Companies Can Thrive In A Shallower Profit Pool 6 years, 7 months ago
My computer graphics on people and natural resources.
Buoyancy has returned to the oil and gas industry as prices stabilize in the $50 to $70 range. Capital spending is rebounding and new upstream projects […]
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PatrickO'Brian posted an update 6 years, 7 months ago
The Oil And Gas Situation: Four Big Factors Influence U.S. Oil MarketsAs public companies complete their budget re-settings for the 2nd half of the year, a number of market factors will likely drive capital to basins outside of the Permian region, and lead to continued expansion of U.S. crude exports.
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Oilconvo News wrote a new post, Bullish investors have a lock on the oil market, putting $100 a barrel in play, market veteran says 6 years, 7 months ago
Oil expert Tom Kloza’s bearish days are behind him.
Kloza, who’s known for calling the 2015 crude collapse, isn’t ruling out triple digit a barrel oil this year.
“Anything that’s between $70 and $100 […]
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RittaFarr posted an update 6 years, 7 months ago
I couldn’t agree more… Buckle up if you’re playing the short game.
http://money.cnn.com/2018/05/11/investing/oil-prices-iran-volatility/index.html
The oil market is about to get scaryAfter a prolonged period of low prices and relative calm, oil watchers are now predicting a surge of volatility following President Trump's decision to slap sanctions back onto Iran.
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RittaFarr posted an update 6 years, 7 months agoHeart of America’s Oil Boom Can’t Fetch Good Prices for Its CrudeThe main U.S. oil benchmark, West Texas Intermediate, has soared to its highest level in years at $71 a barrel. But good luck getting that price in West Texas.
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PatrickO'Brian posted an update 6 years, 7 months ago
Oil and the dollar are doing something they have only done 11 times in the past 35 yearsCrude-oil prices surged by more than 10% in the past month and the U.S. dollar jumped by more than 3% in the same period—it is a dynamic that has only happened 11 times since 1983 and it has drawn the attention of market participants attempting to assess the significance of the unusual market dynamic.
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PatrickO'Brian wrote a new post, Saudi Arabia should expect Iran to 'play hardball' at OPEC's next meeting 6 years, 7 months ago
President Donald Trump’s withdrawal from the Iran nuclear deal is likely to exacerbate tensions between two of the world’s biggest oil producers at next month’s OPEC meeting, one analyst told CNBC Wednesd […]
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RittaFarr wrote a new post, Bahrain is betting on 80 billion barrels of oil to help clear its budget deficit 6 years, 7 months ago
A new, massive oil discovery in Bahrain could help the island kingdom dramatically improve its economic and fiscal strength, according to analysts at Moody’s credit ratings agency.
In early April, Bahrain’s Oil […]
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RittaFarr posted an update 6 years, 7 months ago
https://www.bloomberg.com/news/articles/2018-05-09/here-s-what-oil-at-70-means-for-the-world-economy
Here's What Oil at $70 Means for the World EconomyRising oil prices are a double-edged sword for the world economy.
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Oilconvo News wrote a new post, Oil prices fall in volatile trade as Trump is expected to scrap Iran nuclear deal 6 years, 7 months ago
Oil prices fell in volatile trade on Tuesday as President Donald Trump prepared to announce his intention to restore sanctions on Iran, a move that effectively withdraws the United States from the 2015 […]
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Oilconvo News wrote a new post, Oil prices have surged above $70—here are 4 key reasons behind the rally 6 years, 7 months ago
Supply concerns surrounding the possible reinstatement of sanctions on Iran aren’t the only reason for the climb in U.S. benchmark oil prices above a barrel to their highest levels since late 2 […]
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Oilconvo News posted an update 6 years, 7 months agoConoco moves to take over Venezuelan PDVSA's Caribbean assets: sourcesU.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela's state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions.
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RittaFarr posted an update 6 years, 7 months ago
Iran is stuck between a rock and a hard place. Cutting supply with restored sanctions is unlikely…
Iran Opposes Higher Oil Prices, Signaling Divide With SaudisIran, faced with a possible restoration of U.S. sanctions, came out against higher oil prices, signaling a split with fellow OPEC member Saudi Arabia, which is showing a willingness to keep tightening crude markets.
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PatrickO'Brian posted an update 6 years, 7 months ago
Where Do Oil Prices Go If President Trump Spikes The Iran Deal?It seems highly likely that President Donald Trump will withdraw from the 2015 Iran nuclear deal by the May 12 deadline. The implications of such action for global oil markets are far-reaching and it's one of the primary drivers of prices today.
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The current market volatility around the reimposing sanctions make me think they will rise on fear and settle back down at the $60-65 range.
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joaorobles became a registered member 6 years, 8 months ago
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