API Crude Oil Stocks Suggest Crude Oil Prices Could Feel the Heat

API crude oil stocks The API (American Petroleum Institute) is scheduled to release its weekly crude oil inventory report on Tuesday, May 3, 2016. The API reported that US crude oil inventory fell by 1.1 MMbbls (million barrels) between April 15, 2016, and April 22, 2016. The API added that Cushing crude oil inventories rose …

Petro River Oil – Building A Conventional Oil Company In An Era Of Shale

Summary Petro River Oil Corp. is focused on lower-risk conventional drilling in Osage County, Oklahoma, that does not require costly horizontal drilling or hydraulic fracturing techniques. The company is building a portfolio of assets that can withstand swings in commodity prices and generate returns regardless of the current macro environment. Its 20% ownership in Horizon …

Northern Ireland—The Last Great Frontier?

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 …

WTI Crude Oil Price Forecast:The Biggest Bullish Test Of 2016

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 …

U.S. average gasoline price falls below $2.00 per gallon for first time since 2009

Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Based on EIA’s weekly survey of gasoline prices, the U.S. average retail price for regular gasoline fell to $1.996 per gallon (gal) on January 11, falling below $2.00/gal for the first time since March 23, 2009. The U.S. average retail regular gasoline price had last …

Chinese stocks enter bear market – Jan. 15, 2016

Chinese stocks have fallen into bear market territory. The Shanghai Composite ended the week the way it started, dropping as worries persisted about China’s cooling economy and sinking currency. It closed down 3.6% Friday, more than 20% below its recent high in December, the threshold for a bear market. Other Asian indexes also slipped, despite …