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Drillers add most rigs in 16 months amid market optimism
Nov 21,2016
Rigs targeting crude rose 19 to 471 this week, the biggest increase in the last 16 months, according to Baker Hughes data reported Friday Shale drillers have now added 155 rigs since an expansion started at the end of May Natural gas rigs rose by Read More
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Crude Oil Traders And Hedgers Are Loading Up Price Bets
Nov 21,2016
Utilizing the Commodity Futures Trading Commission s (CFTC) Commitments of Traders (COT) reports for crude oil, I was able to dissect how traders were re-positioning in the week ending November 15th Read More
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EIA Says U.S. Crude Supplies Increased for the Third Week
Nov 18,2016
The U S Energy Department s inventory release showed that crude stockpiles recorded an unexpected build Worryingly, supplies at the Cushing, OK storage hub rose, too On a further bearish note, the report revealed that refined product inventories Read More
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Iran, Iraq oil ministers said to bypass energy talks with Saudis
Nov 17,2016
Iraq’s oil minister will bypass energy talks this week in Qatar, where rival producer Saudi Arabia plans to hold talks with Russia on possible collective action to limit production His Iranian counterpart is also said to be giving the meeting a miss Read More
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Crude seen reaching up to $70 by year-end 2017
Nov 16,2016
The years-long supply glut that hammered oil prices is gone with no sign that production will grow next year, Andurand said in a note to investors obtained by Bloomberg News The founder Andurand Capital Management, which oversees $1 4 billion Read More