Qatari Energy Minister Mohammed al-Sada told Reuters that oil markets should reach balance after several years of supply glut some time in the third quarter of 2018. According to the article in Reuters, “al-Sada said the majority of the surplus has been taken away by the market but he still sees excellent opportunities for OPEC …
Stocks were under pressure on Monday, Aug. 21, as bulls waited on the sidelines for reason to move back into the market. The Dow Jones Industrial Average and the S&P 500 were slightly lower, while the Nasdaq was off 0.23%. Stocks spent much of the morning session flitting between slight losses and gains. Crude oil …
Three-peat, is a trademarked term by LA Lakers, Pat Riley during their attempt at a third consecutive NBA championship during the 88-89 season. Although unsuccessful in their attempt that season, the term quickly became synonymous with winning and success. The genesis of the term was sports but a three-peat in business may be just as …
Saudi Aramco, which plans what could be the world’s biggest initial public offering, will invest more than $300 billion over the next decade to maintain its spare oil-production capacity and explore for more natural gas, President and Chief Executive Officer Amin Nasser said. The outlook for oil supplies is “increasingly worrying,” with about $1 trillion in …
Oil prices tanked in Wednesday’s trade, poised to snap their longest run of gains since 2010 after Russia ruled out any proposals to deepen the OPEC-led production cuts. Oil prices were “exposed to heavy losses on Wednesday after reports of Russia opposing any further supply cuts attracted a school of sellers to attack,” said Lukman …
While no one gets destroyed in this story, the prevaling tale is the same. The smaller prevails over the larger. It is in oil rich California where this saga is unfolding. California is the nation’s third-largest oil producer behind Texas and North Dakota, according to the federal government. The majority of the supply comes from …
An oil exploration article Monday in Forbes.com states, “If not approaching its twilight years, global exploration potential is sporting tell-tale signs of middle age”. Don’t tell that to oil exploration company Pero River Oil (PTRC) (STOCK PRICE) Coming off two discoveries last month in Osage County, OK and possibly a third this month, Petro now sets …
By Kenny Soulstring (CNA Finance) Now that the U.S. has an administration in the White House that is bent on making the nation energy independent, investors should embrace an opportunity to find and profit from emerging, under-the-radar stocks. Finding them is not enough, though. Investors also need the willingness to get out in front of …
There is no sure-fire method to eliminate risk in searching for oil. 21st century technology has yet to provide a perfect solution however, it is rapidly expanding the way in which companies identify oil and gas reserves. In light of the global surge in shale fracking or unconventional exploration these technological advancements are also addressing …
Petro River Oil (OTC:PTRC) just announced it made a significant oil discovery. While most oil and gas industry headlines are focusing on the ability to make a profit with oil trading at near rock bottom prices, why is a discovery important? Previously announced oil discoveries in Alaska by Spanish oil company Repsol SA (BME:REP) and …