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Rethinking the WTI/gold ratio as oil fundamentals change

Maybe it's time to scrap these oil vs. gold comparisons. It's possible the historic relationship has collapsed into a new normal, and anybody trading an arbitrage expecting a return to the old norm might have a long, long wait. We first took a year-end look at the spread between oil and gold severa ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > PlattsGoldWTI +1

2017: The Year When the World Economy Starts Coming Apart

Some people would argue that 2016 was the year that the world economy started to come apart, with the passage of Brexit and the election of Donald Trump. Whether or not the “coming apart” process started in 2016, in my opinion we are going to see many more steps in this direction in 2017. Let me ex ...

Gail Tverberg


Posted 2 years agoOpinion > Gail Tverberg

Oil Prices Running Out Of Reasons To Rally

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, rai ...

Oilprice Staff


Posted 2 years agoOpinion > oilpriceoil price

DW Monday: Obama’s Legacy

As President Obama leaves the Oval Office on Friday, he leaves a legacy of mixed fortunes for the energy industry. While many in the business have been vocal critics of the 44 th President and some of his more controversial legislations, there have been a number of positive aspects that occurred u ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > DW MondayObamaDonald Trump

The Top 5 Places To Work In U.S. Oil And Gas

Anadarko Petroleum and Chevron have emerged as the top two employers in U.S. oil and gas, according to a survey conducted by the job site Indeed. The top five for the industry was completed by Plains All American at #3, Occidental Petroleum at #4, and Noble Energy at #5. Indeed said that it ran ...

Oilprice Staff


Posted 2 years agoOpinion > oilpriceAnadarko CorporationChevron Corporation +3

ExxonMobil to Acquire Companies Doubling Permian Basin Resource to 6 Billion Barrels

Companies' assets include 250,000 acres in highly prolific Permian Basin Adds more than 3.4 billion barrels of oil equivalent, of which 75 percent is liquids Upfront acquisition cost of $5.6 billion to be paid in ExxonMobil shares Exxon Mobil Corporation (NYSE:XOM) said today it will more than ...

OilVoice Press - OilVoice


Posted 2 years agoPress > ExxonMobilPermian Basin

With low oil prices in 2016, federal revenues from energy on federal lands again declined

Source: U.S. Energy Information Administration, based on Office of Natural Resources Revenue In fiscal year (FY) 2016, the U.S. government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on federal and American I ...

OilVoice Press - OilVoice


Posted 2 years agoPress > Energy Information Administration EIAoil price

Sky-Futures Training Academy USA Launches Part 107 Online Tutorial Course

Sky-Futures is rolling out an online tutorial course; the new course will enable persons and organizations in the US to pass the FAA's Part 107 exam. For the past two years, Sky-Futures has established a reputation for high quality training; Sky-Futures Training Academy (SFTA) alumni include Emer ...

David Gull


Posted 2 years agoPress > trainingOil & GasOil & gas USA +6

Strategic Petroleum Reserve sales expected to start this month

Source: U.S. Energy Information Administration, based on Strategic Petroleum Reserve Note: Volumes sold under the Bipartisan Budget Act of 2015 Section 404 are estimates based on an assumption of $50 per barrel. Yesterday the U.S. Department of Energy's (DOE) Office of Fossil Energy awarded c ...

OilVoice Press - OilVoice


Posted 2 years agoPress > Energy Information Administration EIA

Crude correlations about crude oil can shed light on changes

Statistical correlations are interesting things. One of my favorite websites, and now a book, is Spurious Correlations . The site's author looks at seemingly unrelated data sets that correlate in interesting ways. For example, there is a high degree of statistical correlation between the per capita ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > PlattsCrude

More and more robots are being used in the oil and gas industry

The oil and gas industry is increasingly being disrupted by an increasing IoT presence, as sensors and other devices help operators monitor the various equipment on-site at many extraction facilities and refineries. In addition to standard IoT devices like sensors, robots will increasingly play a ...

OilVoice Press - OilVoice


Posted 2 years agoLink > Oilrobots

Permian returns are producing all of the oil drilling drama

In the last year, commodity prices have improved considerably. While oil prices were sub-$40/b in early 2016, producers were cutting back on new drilling and focusing on efficiencies — by cutting costs and concentrating drilling in the highest initial production (IP) rate counties — to get the most ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > PlattsPermian

Major U.S. tight oil-producing states expected to drive production gains through 2018

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , January 2017 In EIA's January Short-Term Energy Outlook , U.S. crude oil production is forecast to increase from an average of 8.9 million barrels per day (b/d) in 2016 to an average of 9.3 million b/d in 2018, p ...

OilVoice Press - OilVoice


Posted 2 years agoPress > Energy Information Administration EIATight Oil

The Oil War Is Only Just Getting Started

It's been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Those two main factors are largely neutralizing each ...

Oilprice Staff


Posted 2 years agoOpinion > oil priceoil warBP

The Keystone XL Pipeline: A Risky Bet on Higher Oil Prices and Tight Oil

The Keystone XL Pipeline (KXL) is a bet on much higher oil prices several years from now.  It will take at least $85 oil prices to develop the new oil sand projects needed to fill the pipeline. It is also a bet that U.S. tight oil output will continue to grow and will need heavy oil to blend for ...

Art Berman - The Petroleum Truth Report


Posted 2 years agoOpinion > Art BermanKeystone XL Pipeline
Last fetch 11/14/2019 9:33:44 AM