Oil Majors Go All-In On This Emerging Hotspot
China continued to cement its growing resource relationship with Brazil this week. With reports emerging that a Chinese consortium will bid to construct a 1,100 km, $3.9 billion railway to…
Violence Ensues Following Kurdistan President Resignation
Kurdistan’s President Masoud Barzani announced his resignation three days before the end of his term in office, with violence erupting against the autonomous region’s parliament, according to tweets from Erbil.…
Chevron Cancels Plan To Exit Bangladesh Gas Field
Chevron has decided to keep its presence in Bangladesh, the company said in a statement yesterday without elaborating on the motive behind this decision. Earlier this year, the company had…
Booming U.S. Oil Exports Could Hit A Bottleneck
U.S. crude oil exports have been setting new records lately, but as both the U.S. oil production and exports are set to increase, analysts and traders warn that booming exports…
Sanctions Force Rosneft To Shut Down Oil Project
Economic sanctions against Russia have made the offshore Yuzhno-Chernomorsky oil field economically unfeasible, and Rosneft will now suspend exploration in the area for five years, Russian media reported, quoting the…
Morgan Stanley: Oil Stocks Are Very Interesting Now
The oil industry is a pretty interesting sector now as it has lagged year to date, it’s under-owned, and has much better value historically, Andrew Sheets, chief cross asset strategist…
Oil Majors Rebound As Breakevens Hit $50 Per Barrel
The earnings reports for the oil majors are widely expected to reveal sharp improvement for the oil industry, finally rebounding after more than three years of low prices. And it…
Higher Oil Prices Help Exxon Beat Q3 Forecasts Despite Harvey
Driven by higher commodity prices, third-quarter earnings of ExxonMobil (NYSE:XOM) jumped 50 percent annually and beat analyst expectations, despite the fact that Hurricane Harvey dented some of the profits. Exxon…
Analysts Raise Oil Price Forecasts
Just a few of months ago, analysts and investment banks slashed their oil price forecasts as OPEC’s production cuts drew down the global oil oversupply slower than initially expected, and…
Big Oil Has Learned To Live With Lower Oil Prices
Big Oil is seemingly adjusting well to lower-for-longer oil prices, and the deep cost cuts every oil company—big or otherwise—had to make over the last two years have finally started…