Infographic: Oil Production in the US
Oil prices in the US have seen their fair share of ups and downs over the years. By understanding what has caused these market fluctuations, as well as what they've led to, investors can position...
View ArticleKeith Schaefer: It’s Not All Bad for Oil
At PDAC Schaefer laid out the positives and negatives surrounding the oil space. He also touched on what's going on with natural gas. Continue reading...
View ArticlePatricia Mohr: End of Decade May Bring ‘Much Stronger Oil Prices’
Mohr believes WTI likely bottomed at about $44 per barrel towards the end of January. She also sees prices perhaps moving back up to $65 to $70 by the end of the year.Continue reading...
View ArticleSid Rajeev of Fundamental Research: Very Bullish on Oil
The Investing News Network caught up with Rajeev after Canvest to get more insight on where he sees the market heading.Continue reading...
View ArticleAlberta NDP Plans to Increase Carbon Fees
The Globe and Mail reported that the Alberta NDP plans to increase carbon fees and toughen its climate strategy, adding further pressure to an already struggling industry. As quoted in the market news:...
View ArticleWCS Discount Dips as US Demand for Alberta Crude Oil Increases
The oil space has been on a rollercoaster ride since 2015 began, but it seems it may be making a comeback. Scotiabank’s Patricia Mohr said in this month’s Commodity Price Index that “[w]hile global...
View ArticleOil Price Falls on US Inventory Data
The Wall Street Journal reported that oil prices took a negative turn Wednesday following US inventory data that showed an unexpected increase in crude supplies. As quoted in the market news:...
View ArticleTeck Resources Delays High-Cost Frontier Oil Sands Project by Five Years
Mining Weekly reported that Teck Resources (TSE:TCK.B,NYSE:TCK) will be delaying the development of its high-cost Frontier oil sands project in Alberta by five years due to depressed oil prices. As...
View ArticleWeekly Round-Up: Metals Prices Rise Following China Meltdown
The gold price was sitting at $1,160.20 per ounce as of 2:00 p.m. EST on Friday. That’s up from the week’s low of $1,147.10, reached on Wednesday, but fairly far off from last Friday’s closing price of...
View ArticleBankers Petroleum Provides Operational Update for Q2
Bankers Petroleum Ltd. (TSX:BNK,LSE:BNKR) announced its financial and operational results from the second quarter of 2015, which showed a production record of 20,045 barrels of oil per day, up by 1.7...
View ArticleWhat the Iran Nuclear Deal Means for the Oil Price
After a lengthy stretch of negotiations, the P5+1 world powers have reached a landmark deal with Iran about the future of its nuclear programs. The agreement could reshape the global oil market if it...
View ArticleWoodside Petroleum Reports 2015 Second Quarter Results
Woodside Petroleum Ltd. (ASX:WPL) announced its second quarter financial results for the period ended June 30, which showed a 7.8 percent decrease in production. The company said the reason behind the...
View ArticleWeekly Round-Up: Gold Price Hits Five-year Low
The gold price hit a five-year low on Friday morning, breaking through the low of $1,130.20 per ounce it hit in November to reach $1,129.80. Though the news came after China disclosed its gold...
View ArticleOil Price Bounces Back After Three-Month Low
The Wall Street Journal reported that oil prices rebounded on Friday after a three-month low ahead of US oil rig data and a slight overnight drop in the US dollar. As quoted in the market news: Oil...
View ArticleCrude Oil Price Will Reach up to $100, But Not Until 2020, Says PIRA Energy’s...
CBC News reported that PIRA Energy Group founder Gary Ross has predicted that the price of crude oil will get back to US$100 per barrel, but not for another five years. As quoted in the market news: In...
View ArticleWeekly Round-Up: Gold Price Lowest Since Q1 2010
It was more hard times for the gold price this week. Amid a selloff on Monday it dropped over 3 percent, incurring its worst single-day loss since September 2013 and reaching the critical support level...
View ArticleRaymond James Analyst Declares 2015 A Good Year to Raise Cleantech Capital
Biofuels Digest quotes Raymond James energy analyst Pavel Molchanov commenting on the cleantech investing landscape. Molchanov believes that 2015 could turn out to be a record year for cleantech...
View ArticleBeach Energy Releases Quarterly Report
Beach Energy (ASX:BPT) provided its quarterly financial and operational report for the period ended June 30. As quoted in the press release: Sales volumes increased 16% to 2,562 kboe due to higher...
View ArticleBeach Energy Releases 2016 Guidance on Production Volumes and Capital...
Beach Energy Ltd. (ASX:BPT) provided its full year 2016 guidance in relation to production volumes and capital expenditure, noting that the guidance excludes weather related events, other unforeseen...
View ArticleRick Rule: ‘Get Ready — It’s Going to be a Good Few Years’
Rick Rule, CEO of Sprott US Holdings, is often the cornerstone of mining industry conferences, and that couldn’t be more true than at this week’s Sprott-Stansberry Vancouver Natural Resource Symposium....
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