Tag: Oil

US Deputy Energy Secretary Dan Brouillette on US oil and natural gas

The U.S. will maintain its oil production — or even ramp it up higher — despite low energy prices and slowing economic growth, Deputy Energy Secretary Dan Brouillette said Wednesday.
— Read on www.cnbc.com/2019/06/12/us-deputy-energy-secretary-dan-brouillette-on-us-oil-and-natural-gas.html

Learning From OPEC: Alberta’s Oil Supply Cuts Find a Sweet Spot – Bloomberg

Alberta may have finally found the right level for its oil curtailment program that has sent local oil prices on a roller coaster for the last few months.
— Read on www.bloomberg.com/news/articles/2019-06-10/learning-from-opec-alberta-s-oil-supply-cuts-find-a-sweet-spot

Here’s how high oil could go if a conflict broke out with Iran

In an area responsible for the shipment of one-third of the world’s seaborne oil, just how high could military confrontation — or indeed, an outright war — send the price of crude?
— Read on www.cnbc.com/2019/06/06/heres-how-high-the-price-of-oil-could-go-if-conflict-broke-out-with-iran.html

‘Buckle up!’ When oil and gold trade like this, it usually spells doom for the market – MarketWatch

The combination of rising gold and falling crude — rare in the extent of its divergence — has delivered to some nasty consequences for the broader market…
— Read on www.marketwatch.com/story/buckle-up-when-oil-and-gold-trade-like-this-it-usually-spells-doom-for-the-market-2019-06-04

Braid: May’s ‘Canadian oil’ idea would be the end of Canadian oil | Calgary Herald

A casual glance at the news might lead one to believe Green Party Leader Elizabeth May had a conversion.She wants Canada to stop importing foreign oil, and use only Canadian oil — the very argument many Albertans have made for years.
— Read on calgaryherald.com/news/politics/braid-elizabeth-mays-canadian-oil-idea-would-be-the-end-of-canadian-oil

Oil edges up as supply remains tight, helping offset trade woes

Brent crude rose 19 cents or 0.3% to $70.30 a barrel by 0930 GMT, while U.S. West Texas Intermediate (WTI) was up 50 cents or 0.9% to $59.13 per barrel. Oil prices have been broadly supported by supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies since the start
— Read on ca.finance.yahoo.com/news/oil-mixed-chinas-economy-weakens-opec-cuts-still-012426482–finance.html

Oil rises to $69 as Mideast tension and supply cuts offset trade concerns

Oil rose to about $69 a barrel on Monday, supported by Middle East tensions and OPEC-led supply cuts, though concern over the U.S.-China trade dispute and global economy capped gains. Supply cuts – both voluntary by the Organization of the Petroleum Exporting Countries (OPEC) and allies, plus those
— Read on ca.finance.yahoo.com/news/oil-rises-69-mideast-tension-115345404.html