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In its latest monthly market report released early on Friday, the International Energy Agency forecast that oil prices may have bottomed as shrinking supplies outside…
Back in late February, when crude prices had just hit a 13 year low, one catalyst unleashed a furious short-covering rally: a WSJ report which…
And the CapEx hits just keep on coming. Two weeks after Goldman reported something troubling, namely that there is a massive gap of nearly 20%…
If Saudi Arabia is shocked at the relentless ability of the U.S. shale "marginal producers" to continue pumping even with oil prices below breakeven costs…
For a long time, the impact of the collapsing Petrodollar was concentrated almost entirely on African and Mid-east oil exporting nations, of which none has…
One week ago, we reported that even as traders were focusing on the daily headline barrage out of OPEC members discussing whether or not they…
As noted earlier, among the catalysts for the overnight leg higher in oil was a statement by Venezuelan Oil Minister Eulogio Del Pino who triggered…
More "unequivocally good" news. On the heels of a smaller than expected drawdown in natural gas inventories (-117 vs -135bcf), Nattie futures have tumbled to…
They may end up being right, but they were all way too early. Activist investors are that special breed of hedge fund managers known for…
Yesterday, one of the best-known providers of energy market intelligence thanks to its massive private and patented network of land, sea, and satellite monitors, Genscape,…
Oil's late week surge provided much buying excitement as Mid-East equity markets opened with flashing green numbers across every screen. However, by the close, it…
The canary in the coalmine of an increasingly desperate energy industry just croaked. With "unusual timing" and at "distressed prices," Reuters reports that Phillips 66…
It was just last week when we said that Cushing may be about to overflow in the face of an acute crude oil supply glut.…
Just four days ago, on Monday afternoon, "legendary" oilman T Boone Pickens said that crude has hit bottom at $26 per barrel, and predicted that…
One of the great unknowns facing the U.S. shale industry, and threatening the recurring rumors of its imminent demise, is how it is possible that…
Back in November, before the flames were even extinguished on the Su-24 Ankara shot down near the Syrian border, Vladimir Putin made a startling assertion.…
Times are tough in Alberta and to be sure, we’ve piled it on heavy when it comes to cataloguing the long list of pitiable outcomes…
The reason why oil has stormed higher from down over 3 percent to up well over $30 in the span of hours (and dragging futures…
Having briefly reached bull market status (ripping 20 percent off last week's lows), WTI crude oil is collapsing again this morning as the reality of…
As we showed previously, when it comes to banks' exposure to energy, things have gotten beyond nebulous, especially in the aftermath of the (officially denied,…