oilprice


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Why The Next Oil Boom Will Be Fueled By Blockchain

By Meredith Taylor Big Oil is due for a disruption. The world's most important industry has been carrying on without any significant changes in its day to day routine for far too long. But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector. It ...

Oilprice Staff


Posted 1 day agoOpinion > oilpriceOilBoom +5

Oil Prices Ravaged By Financial Turmoil

By Nick Cunningham of Oilprice.com Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. The steady decline of the U.S. dollar has helped drive up crude prices for weeks , but that came to an abrupt halt last week. A rebound for ...

Oilprice Staff


Posted 12 days agoOpinion > oil priceoilpriceTurmoil +3

Can The Shale Boom Avoid These Bottlenecks?

By Nick Cunningham of Oilprice.com Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of ...

Oilprice Staff


Posted 22 days agoOpinion > United StatesUSEIA +5

Why Is The Shale Industry Still Not Profitable?

By Nick Cunningham of Oilprice.com Echoing the criticism of too much hype surrounding U.S. shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable. Not only that, but costs are on the rise and drillers are pursuing "irrational produc ...

Oilprice Staff


Posted 25 days agoOpinion > United StatesUSShale +2

The One Indicator OPEC Must Watch

By Nick Cunningham of Oilprice.com “We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC ended months of speculation last week when it decided to extend its production cuts through th ...

Oilprice Staff


Posted 2 months agoOpinion > OPECoilpriceSaudi Arabia +1

OPEC Will Extend The Cut

By Zainab Calcuttawala for Oilprice.com There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world's largest oil producers are really determined to end the supply glut. A failure to agree on the market remediation would cause ...

Oilprice Staff


Posted 2 months agoOpinion > OPECoilpriceSaudi Arabia +3

This Oil Price Rally Has Reached Its Limit

Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were just a month ago, and the market is on the upswing. However, the rally could run out of steam in the not-so-distant future, a familiar result for ...

Oilprice Staff


Posted 6 months agoOpinion > oilprice

Is A Big Move In Oil Prices Due?

In options trading, a straddle is literally a sit-on-the-fence strategy. By purchasing a put and a call at the same strike (price of underlying commodity) for the same time period, an investor isn't making a conventional directional bet; rather the investor is looking for a big move either up or do ...

Oilprice Staff


Posted 7 months agoOpinion > oilprice

Today's Stunted Oil Prices Could Cause Oil Price Shock In 2020

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future. As Saudi Arabia announces plans to slash production and move their economy away from oil dependency, many industry insiders are predicting that the now over-saturated marke ...

Oilprice Staff


Posted 9 months agoOpinion > oilpriceOPECSaudi Arabia

Big Oil Betting On Electric Vehicles

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA's chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Oil demand for transportation fuel see its “demand will flatten out,” after 2030, ...

Oilprice Staff


Posted 9 months agoOpinion > oilpriceelectric motorTotal

Supply Crunch Or Oil Glut: Investment Banks Can't Agree

In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC's production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street's ...

Oilprice Staff


Posted 10 months agoOpinion > oilpriceOPEC

There Is No Such Thing As Peak Oil Demand

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. As it stands, the forecast models of demand are likely predicting peak demand far later than it will be. The s ...

Oilprice Staff


Posted 10 months agoOpinion > Peak Oiloilprice

How TouchstoneEnergy is changing the face of Oil and Gas Accounting

A volatile oil price, capital intensive projects and constant change in regulation means that oil and gas companies are constantly fighting margin pressures. Inefficient financial processes are also common to many companies, and this has become a significant area where organisations can both cut ...

Marcus Kelly - TouchstoneEnergy


Posted 11 months agoPress > Hurricane EnergyTouchstoneAccounting +9

Oil price recovers after shaky start to 2017

Recent sessions have seen a resurgence for oil benchmarks with the front month contract in Brent rising back above the $56 a barrel level. Despite the OPEC deal to cut output beginning officially at the start of the year, there was some notable weakness in the market with a rally early on during the ...

David Cheetham


Posted 1 year agoOpinion > oilprice

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 1 year agoOpinion > oilpriceAnadarko CorporationChevron Corporation +3