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By Moming Zhou and Mark Shenk, Bloomberg |
November 6, 2012
Crude rose the most in a month on forecasts that U.S. gasoline supplies dropped after Hurricane Sandy forced the shutdown of East Coast refineries and as Americans went to the polls to pick a president.
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By Phil Flynn |
October 24, 2012
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7% this year to an average of 10.9 million barrels per day.
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By Heather Walsh, Bloomberg |
October 18, 2012
Colombia, the fastest-growing major oil producer in Latin America in the past five years, is looking to join the global shale boom as it expands exploration in areas once dominated by guerrilla groups.
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By David Wethe, Bloomberg |
October 15, 2012
The U.S. shale boom is turning into a bust for companies that provide drilling services as the number of rigs seeking natural gas has fallen faster than any time in the last 24 years.
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By Phil Flynn |
October 15, 2012
The oil market is on hold on news that should crush the market, yet it is failing to make a substantial move lower. Perhaps the market is skeptical of the offer by Iran.
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By Canaccord Genuity Morning Coffee |
October 11, 2012
Shares of Chevron were down after the company said that Q3 earnings will be "substantially lower" than in the Q2 earnings.
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By Phil Flynn |
October 10, 2012
Oil prices bucked the trend of weakness in the commodity markets because of a series of rising risks.
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By Phil Flynn |
September 27, 2012
US oil production last week hit the highest level since January 1997! Not only that, but America, in the first six months of this year, met 83% of its energy needs with its own domestic production.
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By Moming Zhou, Bloomberg |
September 14, 2012
The power of hurricanes to drive up oil prices is diminishing as the proportion of U.S. crude coming from the Gulf of Mexico falls to a 14-year low because of the increase in onshore shale production.
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By Dan Murtaugh, Bloomberg |
September 7, 2012
The U.S. shale boom has driven the cost of Gulf Coast light, sweet oil to its lowest level versus Brent crude in almost a quarter century as the nation’s dependence on foreign supplies wanes.
