"With West Texas Intermediate (WTI) and Brent close to their January 2015 lows some readers are wondering how these lows compare with historic lows when the oil price is adjusted for inflation (deflated). BP just happen to provide an oil price series that is adjusted for inflation (Figure 1). The data are annual averages and [...]
"There are two reasons for this increase in proved reserves. The first is that despite >150 years of oil production in the U.S., new fields are still being discovered. In March 2015 the EIA released its update to the Top 100 U.S. Oil and Gas Fields as a supplement to the December report. This was [...]
"Shares in some of the world’s biggest energy groups tumbled on Friday as the collapse in oil prices battered the profits of ExxonMobil and Chevron, capping a week in which European rivals announced thousands of job losses and slashed spending by billions of dollars." Source: ft.com
"U.S. oil prices sank into a bear market Thursday as a global glut of crude shows little sign of abating. " Source: wsj.com
"I have become an avid reader of the International Energy Agency Oil Market Report. A ”free” synopsis is published mid-month with the full report and data tables made public at the end of the month. " Source: oilprice.com
"Oil prices on Monday skidded to their biggest single-day declines in more than three months, as gyrations in Chinese stocks and the prospect of more crude from the U.S. and Iran revived worries about the global supply glut." Source: wsj.com
"HOUSTON – Oil prices regained lost ground Tuesday as financial markets cooled down from a frantic sell-off that came in anticipation of a Greek debt default and as Iran and the West delayed a potential nuclear pact for at least a week. The oil market seemed to recover the calm composure that has kept U.S. [...]
"The oil market’s mostly focused on U.S. supply data this week, but next week should be all about Iran and the deadline for a final agreement over its nuclear program. If a deal between Iran and six world powers is reached by the June 30 deadline, Iran could soon start dumping millions of barrels of [...]
"Oil prices eased in Asian trade on Monday, falling for a second session on concerns about the outcome of an emergency euro zone meeting later in the day on the Greek debt crisis and worries about oversupply. Prices moved up from early lows after a European Commission official tweeted the latest proposal from Greece was [...]
"Oil prices have traded in a tight range in recent weeks, with U.S. prices pivoting around the psychologically key $60-a-barrel level. Forecasts that the global glut of crude oil is due to shrink, due to growing demand and a decline in drilling, have boosted prices from multiyear lows earlier this year. But some investors remain [...]