Europe’s Carboniferous basins have long been prolific sources of hydrocarbons and characterize many of the fields in and around the North Sea. But one of these basins is virtually overlooked. The Larne Basin in Northern Ireland is a classic Carboniferous basin that has remained unexplored for a couple of reasons. Firstly, historical “troubles” in Northern Ireland deterred the oil companies who were …
When other major players in the oil-and-gas industry zigged, Scot Cohen zagged. Unconventional drilling, such as fracking across shale plays, has become the popular route for most energy explorers in recent years. Cohen, however, did the opposite: the New York-based investor has put his money into straight conventional drilling using 3D-seismic geology. The decision was …
It is Pharrell’s 43rd birthday, and the crude complex appears happy to edge lower once again as production freeze hopes wane. Here are six things to consider on this fifth day of the fourth month: 1) On the economic data front, we have had PMI services data, hot on the heels of the recent deluge …
BENICIA, Calif. (KCRA) —Crude oil traveling through Northern California is getting another chance of becoming a reality as an oil company offers a new proposal to the Benicia City Council. Valero wants two 50-car trains to transport tens of thousands of barrels of crude oil daily to its refinery in Benicia, passing through cities like …
Summary Key world oil number. Decline not “off a cliff.” Weekly estimates flawed. Projections influenced. Oil shale’s influence on U.S. production sparked a world oil price war. It affects the value of energy sector investments worldwide. It is of keen interest by U.S. and world oil market participants. The Energy Information Agency (EIA) reported the …
Any way you look at it, the oil trade has been a tough one. Needless to say, a huge price decrease in the commodity that drives the industry will always separate the good companies from those that are over-leveraged. Plus, rather than trying to grab the proverbial falling knife, it’s often better to see if …
Oil prices steadied on Tuesday as shares on Wall Street pared losses and the euro recovered against the dollar after deadly blasts in Brussels prompted an initial flight risk from financial markets. Brent was up 18 cents at $41.72 a barrel by 12:12 p.m. EDT, after hitting a session low of $40.97. U.S. crude CLc1 …
Oil prices rose about 1 percent on Monday after data showed crude inventories at the Cushing, Oklahoma delivery hub for U.S. futures fell for the first time since January, and ahead of the expiration of the U.S. front-month contract. Oil’s upside, however, was limited by concerns that U.S. energy companies could ramp up drilling again …
To receive Tyler’s analysis directly via email, please SIGN UP HERE Talking Points: Crude Oil Technical Strategy: Major Resistance Has Arrived, Watching for Reversal The US Dollar Drop Has Confounded Traders & Banks & It Will Determine Oil Into Q2 2016 Sentimental Trading System Warns of Potential Top This week will see how the price …
Petro River Oil is Participating in a Portfolio of Conventional Assets in Oklahoma and California in 2016, with a Northern Ireland Exploration Test on Tap for Q2 When Scot Cohen founded Iroquois Capital Opportunity Fund, the seasoned portfolio manager kept an eye open for contrarian opportunities. These days Cohen is focused on Petro River Oil Corp. (ticker: PTRC; Petro Riveroil.com), …