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Oil Races Higher Despite Algiers Skepticism

Posted by on Sep 28, 2016 in Uncategorized | Comments Off on Oil Races Higher Despite Algiers Skepticism

Oil Races Higher Despite Algiers Skepticism

Oil futures rose sharply on Monday in what many traders described as a mystifying move against the backdrop of a meeting between Opec members and Russia in Algeria that very few believe will yield any sort of action. Matt Smith of Clipper Data said “a glimmer of hope” for progress in Algiers was helping to boost the market. Meanwhile, another unplanned...

Opec in Algiers: What You Need to Know

Posted by on Sep 27, 2016 in Uncategorized | Comments Off on Opec in Algiers: What You Need to Know

Opec in Algiers: What You Need to Know

In this question and answer article, Energy Intelligence experts address key issues facing the meeting of Opec and non-Opec producers in Algeria next week, including the possibility of a production agreement. What are the prospects for an agreement at Algiers? It depends on your definition of an agreement, as this is not shaping up as a binary “deal or no...

Editorial: Gimme Shelter

Posted by on Sep 14, 2016 in Uncategorized | Comments Off on Editorial: Gimme Shelter

Editorial: Gimme Shelter

Upstream companies have resorted to a variety of survival tactics to weather low oil prices. However, they have mostly sought shelter within their existing set of opportunities, focusing their spending on projects that are already under way, shifting new investment to low-risk ventures such as infill drilling, or retreating to their best acreage. The thinking behind...

West May Be Best for Aramco IPO

Posted by on Sep 14, 2016 in Uncategorized | Comments Off on West May Be Best for Aramco IPO

West May Be Best for Aramco IPO

Over the past two weeks, senior Saudi officials including Energy Minister Khalid al-Falih have been courting investors in the US and China, showcasing their ambitious Vision 2030 economic reform program, and its centerpiece, a planned initial public offering (IPO) of state oil giant Saudi Aramco. For the Saudis, who are hoping to realize full value from the IPO for a...

US Western Gulf Lease Sale Draws Little Interest

Posted by on Aug 25, 2016 in Uncategorized | Comments Off on US Western Gulf Lease Sale Draws Little Interest

US Western Gulf Lease Sale Draws Little Interest

High bids placed at the US Bureau of Ocean Energy Management’s (BOEM) Western Gulf Lease Sale totaled just $18.1 million on Wednesday, the lowest amount on record. Only three companies — BHP Billiton, BP and Exxon Mobil — placed bids on 24 Western Gulf blocks. No block drew more than a single bid. The Western Gulf lease sale typical draws fewer...

Saudi Signals, Brent Rallies, Job Done

Posted by on Aug 23, 2016 in Uncategorized | Comments Off on Saudi Signals, Brent Rallies, Job Done

Saudi Signals, Brent Rallies, Job Done

Oil markets are hungry for guidance after nearly two years of anarchic “price discovery” so Saudi Arabia’s latest hint of “action” to stabilize markets if there is a need has helped to focus minds. Market players argue that Saudi Arabia is simply talking up the oil price, yet speculators can ill-afford to ignore “messaging”...

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