Crude Oil and Fuel Cargo from Qatar to Become More Pricey Following UAE Port-wide Ban
Both the oil sector and shipping sources informed Reuters, an international news agency headquartered in London, that crude oil and fuel cargo from Qatar will become more expensive after the United Arab Emirates enforced a ... [Read]
The Top 3 Oil Stocks Investors Should Purchase in June of 2017
Unfortunately, the recovery of the energy industry is taking a lot longer than what was originally predicted, which has caused a number of investors to abandon their energy stocks. With that said, if you’re a ... [Read]
India Oil Corp. Plans Major Refining Capacity Reduction
India Oil Corporation (NYSE:$IOC), which is a petrochemical chemical company and the country’s largest oil refiner, is in the midst of developing a massive temporary refining capacity reduction for maintenance in 2017, according to sources ... [Read]
Should Investors Purchase Shares in Whiting Petroleum Corp.?
Are you looking for the best energy stocks to invest in? There was once a time where investors would have jumped at the chance to invest in Whiting Petroleum Corp. (NYSE:$WLL), a Denver-based oil and ... [Read]
U.S Oil Will Break The1970 Production Record in 2018
According to the U.S Energy Information Administration, the United States will break a 47-year record in 2018 as shale production continues to recover from global industry deterioration. The EIA has stated that there will be ... [Read]
LINN Energy Sells Assets in California for $100 Million, Announces Exit from California
Texas-based oil and natural gas company LINN Energy (OTCQB:$LNGG) just announced that it has sold its ownership of the properties located in the Los Angeles Basin after signing a definitive agreement with an undisclosed buyer. ... [Read]
EIA Reports Unexpected Inventory Build Strengthens Downward Trend of Oil Prices
Last week, oil prices saw some hope as the American Petroleum Institute reported a draw of 4.62 billion barrels from the U.S commercial stockpile. The number was unexpected as analysts were expecting a draw of ... [Read]
OPEC Crude Oil Production Continues to Increase
According to a survey conducted by S&P Global Platts, OPEC’s crude oil output increased by 270,000 barrels per day in May over April, which allows it to stand at 32.12 million barrels per day. This ... [Read]
The Reason Behind the Qatar Crisis is Not Terrorism
According to official narratives, the reason why countries like Egypt, the United Arab Emirates (UAE), and Bahrain followed Saudi Arabia in cutting off diplomatic and economic ties with Qatar was because Qatar was funding terrorists. ... [Read]
Schlumberger Says This Is Why Oil Prices Will Rebound
Currently, 30% of all oil exports in the market come from the Middle East and Gulf States. However, with recent tension in these regions, bull investors are surprised to see that the price per barrel ... [Read]