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Rebalanced June Oil Market, Served Up With a Twist

Posted by on Jul 28, 2016 in Uncategorized | Comments Off on Rebalanced June Oil Market, Served Up With a Twist

Rebalanced June Oil Market, Served Up With a Twist

Oil markets are at an inflexion point of sorts. But it’s not so much about moving from an unbalanced to a rebalanced market as it is about readjusting the focus from short-term events to longer-term conditions as a determinant of price. The Saudi Arabian-led Opec decision to go for volume over price set off the debate over finding a new balance between supply...

Russia Tightens Iran Ties With Zarubezhneft Deal

Posted by on Jul 25, 2016 in Uncategorized | Comments Off on Russia Tightens Iran Ties With Zarubezhneft Deal

Russia Tightens Iran Ties With Zarubezhneft Deal

Russia secured a foothold in Iran’s promising upstream sector this week when Zarubezhneft signed a memorandum of understanding (MOU) with National Iranian Oil Co. (NIOC) to develop two onshore oil fields near the border with Iraq (NC Apr.28’16). Under the agreement, which reinforces the strategic alliance that the two countries have been keen to nurture...

Climate Risk Moving Higher on Investor Agendas

Posted by on Jun 9, 2016 in Uncategorized | Comments Off on Climate Risk Moving Higher on Investor Agendas

Climate Risk Moving Higher on Investor Agendas

Investor proposals to beef up climate risk disclosure were defeated at Exxon Mobil and Chevron last week, but vote tallies show that momentum is building for greater transparency about how the US majors are thinking about their business models in a transition to low-carbon energy. Moreover, the 2016 proxy season was not a complete bust for climate-minded investors,...

Crude Rises as Signs Point to Tighter Market

Posted by on May 18, 2016 in Agenda Topics | Comments Off on Crude Rises as Signs Point to Tighter Market

Crude Rises as Signs Point to Tighter Market

Oil futures rallied on Monday, fueled to a large degree by statements from major banks that recent supply outages are hastening market rebalancing and higher prices. Perhaps the most dramatic statement came from analysts with investment bank Goldman Sachs, which just a few months ago warned that glutted inventories and strained storage capacity could send crude...

Halliburton Revenues Take Beating in First Quarter

Posted by on Apr 27, 2016 in Agenda Topics | Comments Off on Halliburton Revenues Take Beating in First Quarter

Halliburton Revenues Take Beating in First Quarter

Halliburton’s decision to delay its quarterly conference call with analysts and investors is doing little to assuage doubts surrounding its multibillion-dollar megamerger with rival Baker Hughes. The call, originally scheduled for Monday, was pushed to May 3 — just days after an Apr. 30 deadline for the deal to be completed. After Apr. 30, Halliburton or...

Brent Slides Below $45 in Volatile Trading

Posted by on Apr 22, 2016 in Agenda Topics, Uncategorized | Comments Off on Brent Slides Below $45 in Volatile Trading

Brent Slides Below $45 in Volatile Trading

In volatile trading on Thursday, Brent hit a high of $46.18 before starting a rocky descent to a low of $44.44 in what seemed a macroeconomic-driven fall. US stock exchanges opened lower and remained lower, while the US dollar strengthened, both of which typically work against the oil price. In London, the June Brent contract ultimately settled down $1.27 at $44.53...

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