Oil prices hit their highest level since late January on Friday after Saudi Arabia’s energy minister said the OPEC cuts need to be extended into 2019. Anadarko photo. Oil prices hit session high of $70.22/barrel [Read more]
Oil prices almost hit $70/barrel earlier in the session, but dipped slightly as investors took profits following the week’s rally. Anadarko photo. US oil prices down about 1 per cent Thursday Oil prices fell slightly [Read more]
Oil prices rose as tensions in the Middle East escalated following a meeting between Saudi Arabia’s Crown Prince Mohammed bin Salman and US President Donald Trump on Tuesday, raising speculation that sanctions against Iran could [Read more]
The liquidation of bullish positions shows no sign of accelerating. There are no signs of significant fresh short selling. And hedge funds positioning remains exceptionally lopsided. Anadarko photo by Mike Goldwater. By John Kemp LONDON, [Read more]
Oil prices rose on Friday, despite concerns over an interview on “60 Minutes” featuring the crown prince of Saudi Arabia where he said Iran’s Ayatollah Khamenei is “very much like Hitler.” Anadolu Agency/Getty Images photo. [Read more]
Several risk factors could cause an upsurge in oil price volatility in the next few months, including the unwinding of concentrated hedge fund positions, uncertainty surrounding future growth of U.S. shale production and macroeconomic risks [Read more]
Oil prices rose slightly in seesaw trading on Thursday, supported by gains in the equity markets, but pressured by rising US crude stocks and concerns that supply will exceed demand this year. Anadarko photo. Oil [Read more]
Oil prices fell over one per cent on Tuesday as investors grew more concerned about rising US production wiping out OPEC’s efforts to cut the global crude glut. Anadarko photo. US oil prices impacted by [Read more]
Hedge funds, other money managers cut their combined net long position in six most important futures and options contracts linked to petroleum prices by 50 million barrels last week. Shell photo. Hedge funds liquidation mostly [Read more]
Oil prices fell over one per cent on Monday on waning enthusiasm for crude due to increasing US crude supply. Anadarko photo. Oil prices pressured by higher US supply Oil prices fell on Monday, dropping [Read more]
Energy IPOs could reach their highest in four years and with pressing financial needs, oilfield services companies will likely lead the recovery. Dome Energy photo. Canadian energy IPOs could include Canbriam Energy, Velvet Energy According [Read more]
Oil prices jumped over 2 per cent on Friday after strong US jobs data boosted Wall Street and investors found hope in the proposed meeting between President Trump and Kim Jong Un of North Korea. [Read more]
Oil prices fell on Thursday. Benchmark Brent dropped below $64/barrel and US WTI settled the day at just over $60/barrel. Anadarko photo. Oil prices down over 1 per cent On Thursday, oil prices fell and [Read more]
The recent oil rally has been replaced by caution that has started to flow through into prices and fund manager positions. Anadarko photo. Oil rally on pause, most portfolio managers still believe prices will rise [Read more]
Oil prices fell on Wednesday, matching a trend on Wall Street after President Donald Trump said he planned to implement tariffs on steel and aluminum which many analysts believe could lead to a trade war. [Read more]
Oil prices gained slightly on Tuesday, mostly supported by a weaker US dollar but analysts are concerned that data released on Tuesday afternoon and Wednesday morning will show a rise in US crude inventories. Anadarko [Read more]
Oil prices rose on Friday, but are on track for a weekly loss due to concerns about US trade tariffs, rising US production and crude and gasoline stockpiles. Anadarko photo. Oil prices slid in early [Read more]
Oil prices fell to two-week lows on Thursday on a rising US dollar and after data released by US Energy Information Administration showed US crude stockpiles grew last week. Anadarko photo. Oil prices down over [Read more]
Money managers, a category which includes many hedge funds and other investors, have accumulated record positions in crude, gasoline and distillates since the middle of last year, according to regulatory data. Anadarko photo. New generation [Read more]
Oil prices fell on Wednesday despite high compliance by OPEC pact participants. US production rose to 10.3 million barrels per day, putting pressure on oil prices. Apache photo. Oil prices down over 1 per cent [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
Get the eBook, The New Alberta Advantage: Technology, Policy, and the Future of the Oil Sands, written by our founder and publisher, Markham Hislop, for FREE.
Sign up now and get exclusive access to your FREE download in the next newsletter and receive Energi Media Weekly Update straight to your inbox too!
