Investors betting on oil prices drop flee as Opec production cuts near - Economic Times

By Mark Shenk Oil investors seem to have less reason to doubt that Opec and other producers will make the cuts needed to balance the market. Money managers trimmed bets on falling West Texas Intermediate crude prices to the lowest level since August ...

Budget to assume crude oil price of $55-60/bbl for FY18 - Business Standard

The Centre is preparing the Union Budget 2017-18 assuming an average crude oil price of $55-60 a barrel for the coming financial year. At those prices, the petroleum subsidy bill for next year would be a comfortable Rs 26,000-27,000 crore, similar to ...

Rising oil prices a boon for producers, others to feel the pinch - Livemint

The table above shows the earnings sensitivity of Indian upstream oil companies to crude oil prices. Graphic: Naveen Kumar Saini/Mint. Crude oil had a near death experience in 2016, but you won't know it if you saw current price levels. Earlier this ...

The case for $40 oil by June 2017 - Khaleej Times

The North American land rig count has surged, a telltale sign of future shale output gains. (AFP). The North American land rig count has surged, a telltale sign of future shale output gains. (AFP). The world oil market is at a crucial inflection point ...

Why BP Can Soar Another 35% In 2017 - Seeking Alpha

BP's low upstream costs will prove to be a tailwind for the company in 2017 as oil prices exceed $60 per barrel, which will lead to strong earnings growth. The low-cost profile of BP's new assets will help it deliver 35% higher operating cash margins ...

Jennifer Warren Positions For 2017: Focus On The Nexus Of Energy, Infrastructure, And Sustainable Futures - Seeking Alpha

The price of oil in the low to mid-$40s to upper $50s seems like a reasonable expectation in the short term. In the Permian Basin, we should continue to see producing firms picking up new acreage and infrastructure firms buying and selling assets. Keep ...

Crude Producers Affirm Output Cuts in January, but Historical Distrust between Saudis and Russians Raises Concern - Economic Calendar

Optimism that global oil producers will follow through on production cuts have sent crude prices soaring this month. However, some market participants are concerned that the temptation to cheat on quotas will increase as prices continue to accelerate.

Oil output cut deal result of back-door diplomacy - DAWN.com

TORONTO: Despite an unpleasant history, the output cut deal between Riyadh and Moscow appears sticking. Months of back-door energy diplomacy, at the highest level, helped overcoming the lack of trust between Russia and Saudi Arabia. Moscow has ...

The Overstated Impact Of Trump On Oil - OilPrice.com

With Donald Trump set to enter the White House and OPEC having agreed to production cuts, analysts are focused on how the global oil industry and prices will be impacted in 2017. The new U.S. President-elect and his cabinet, along with their pro ...

US shale oil drillers leaner, meaner after surviving OPEC's ugly price war - Minneapolis Star Tribune

The OPEC global oil cartel decided two years ago to put a big chunk of the U.S. shale oil industry out of business. If you launch a price war, though, you better be sure you can succeed. Otherwise you will go through a lot of financial pain only to ...

Iran Crude Oil Trading Above $50 - Financial Tribune (press release)

Iran's oil export grades topped the $50-per-barrel mark in the week ending Dec. 16, supported by a decision of OPEC producers and outside producers to slash production to alleviate a global oversupply that has depressed prices for more than two years.

EIA: Iran's Jan.-Sept. Oil Output Up 19% - Financial Tribune (press release)

Iran's oil production increased by 18.8% to 3.92 million barrels per day during January-September 2016, the US Energy Information Agency reported on Friday. According to the report, Iran's oil output, including gas condensates, stood at 4.170 million ...

Investors betting on oil price drop flee as production cuts near - Times of Oman

Oil market volatility dropped to the lowest level in more than two years on Dec. 20 and futures settled at a 17-month high on Friday. — Bloomberg file picture. x. Oil market volatility dropped to the lowest level in more than two years on Dec. 20 and ...

Oil Rich Iraqi Oil Province Kirkuk Ready To Participate In OPEC Cuts - OilPrice.com

Kirkuk, one of Iraq's richest oil provinces and under Kurdish control since 2014 has now said it's ready to curb oil production if Iraq requires it to do so. Bloomberg quoted Ahmed Al-Askari, the head of Kirkuk's oil energy and industry committee as ...

Oil closes at 17-month high as investors weigh Opec cuts, Libya - THE BUSINESS TIMES

Crude closed at a 17-month high in New York as investors weighed Opec production cuts against signs of greater exports from Libya and a US stockpile glut. PHOTO: REUTERS. [NEW YORK] Crude closed at a 17-month high in New York as investors ...

Crude Oil Forecast December 26, 2016, Technical Analysis - FX Empire

The WTI Crude Oil market initially fell during the session on Friday, but turned around to form a bullish candle. I believe that this market is going to continue going higher, but today will be all the data as Western banks are closed. It is possible ...

WTI Oil Prices Edge Higher Ahead of Holiday Weekend - Economic Calendar

Crude oil moved slightly higher on Friday, wrapping up a positive week in the market ahead of the holiday weekend. The West Texas Intermediate (WTI) benchmark for US crude futures climbed 7 cents, or 0.1%, to $53.02 a barrel in a shortened session on ...

Four Energy Stocks That Crushed the Market in 2016 - Nasdaq

We are almost at the last leg of 2016, a year that was marked by unprecedented energy market volatility. Oil. The year started on a disappointing note with crude prices falling to a 12-year low of $26.21 a barrel in Feb as investors worried about the ...

Crude oil prices on the recovery - The Star Online

IT'S not a situation where oil prices are about to party as it did in 2013. It's just that oil prices have reached their bottom and the recovery appears to be starting. The Organisation of the Petroleum Producers (Opec) and non-Opec producers ...

Focus on oil and gas producers, not vessel operators - The Star Online

MALAYSIAN companies with oil producing assets are the clear beneficiaries of the recent global oil pact by major producers to cut down oil production. The initiative, which was spearheaded by the Organisation of the Petroleum Exporting Countries (Opec) ...