Around this past new year, oil prices were climbing higher and many analysts predicted that a rush of new production from U.S. shale oil fields would, over time, put a damper on prices Nearly six...
With the price of Brent pushing toward $80 per barrel, market watchers are beginning to wonder if there is anything that can stop rising oil prices this spring. This is a far cry from last spring and...
Yesterday, US President Trump followed through on promises he made as far back as his 2016 campaign, and he began the process of reinstating sanctions on Iran. This could signal the end of the...
Imagine Wile E. Coyote chasing Road Runner, desperately running off a cliff to catch up with his nemesis, hanging in the air for a second, and then plummeting to the bottom of the canyon. Those few...
Oil prices—both WTI and Brent—have been on a tear in recent months, with traders attributing the move higher to a number of bullish factors, including ongoing efforts by major global crude...
Oil is up more than 1 percent today, extending its rally into a fourth day with a total gain of 4.75 percent. This follows its consolidation since April 19. Yesterday’s near 2 percent advance...
On Monday afternoon (eastern US time) Israeli Prime Minister Benjamin Netanyahu announced that the Israeli government had covertly obtained over 100,000 files and documents from Tehran that held...
Thanks to OPEC and President Donald Trump, oil prices took a big dip last Friday before rising steadily to new highs on Monday. We can expect more volatility in oil markets over the next few weeks as...
Originally published by Guppytraders.com The NYMEX oil price breakout above $66 comes as no surprise to traders who analyse the price charts. This price behaviour sets the next price target near $76...
Originally published by AxiTrader Back on March 7 I suggested gold could head to $1,389/90 and perhaps $1415 if the year's range top at $1366 gave way. Of course, $1366 hasn't given way yet. Indeed...
Oil prices reached new highs on Tuesday as the market reacted to a combination of geopolitical, media and market forces. WTI hit $65.60, a gain of 3.38%, while Brent closed up 3.38% at nearly $71....
Hydraulic fracturing (“fracking”) opened new oil and gas opportunities for the United States when the advanced techniques became common practice beginning in the late 1990s in the Permian...
News from Saudi Arabia, Russia and Venezuela is pushing oil prices up this week. At the same time, there may be some negative news about the OPEC/non-OPEC partnership. Some deep sleuthing on...
This week brought new reports that the Aramco IPO may not happen at all. Or that if the IPO happens it will be delayed until 2019. Or that after the IPO, shares will only be listed on the local Saudi...
Yesterday, Tuesday, March 13, President Trump announced that CIA Director Mike Pompeo would replace Rex Tillerson as U.S. Secretary of State. Tillerson was generally seen as a supporter of the Iran...
The biggest players in energy are descending on Houston, TX this week for the annual CERAWeek energy conference hosted by IHS Markit which began on Monday. One event drawing significant attention was...
