Tag: Oil price
The Next Big Offshore Boom Is About To Happen Here
Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil. On Wednesday, the country’s National Petroleum Agency put 287 oil and gas blocks […]
As Oil Breaks Out, Here Are Some Ways To Play It
Oil may be headed higher. Here’s how to profit. The price of oil has created many problems in the energy sector, and in other related sectors. Ever since the price collapse in 2015, energy stocks of all stripes have struggled. The big producers and explorers have not returned to their old highs. Oil services stocks […]
The Entire Oil Sector Is Screaming: ‘Buy Me!’
I don’t put much stock in news headlines (probably because I used to write them in my days as a financial journalist). So when I read lots of energy stories with a uniformly grim outlook, like… “It’s a World of Worry for Oil Companies” (Houston Chronicle). “Saudis Boxed In by Low Oil Prices” (Wall Street […]
U.S. Shale To Keep On Pumping Even With $30 Oil
Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid […]
Saudi War On Shale Is Not Over Yet
Two weeks ago when Saudi Arabia let it leak that the kingdom has no intention of leading OPEC toward another cut in production to accommodate the growing volumes of oil from American shale deposits, it was another sign that the Saudi war on shale actually never ended. To properly understand this announcement, we need to […]
A Million-Barrel Lift For U.S Oil Producers In An Unexpected Spot
The oil price has been rallying on hopes of a supply cut from OPEC. But even without a rise in the global price, news suggests things are looking up for producers — especially those in America’s prolific shale plays. With buyers in one unexpected part of the world stepping up to buy a big batch […]
Is Low Oil Price A New Investment Opportunity With Binary Options?
It is no secret that the price of oil has dropped dramatically over the past year. With oil priced at under $50 per barrel, gas prices have been lowered and it is now cheaper to transport goods. There are several other benefits of low oil prices as well, including investment opportunities. Oil is a commodity […]
