Oil / Finance

Amid surging US shale, Russia is quietly cutting production and looking at the bigger picture

Mar 30 1:30am Energy
Russia plans to fulfill its obligations to cut oil output in line with the agreement between oil producing countries by the end of April.
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We respect other countries' energy policies: Russian energy minister

Mar 30 1:08am Energy
CNBC's Geoff Cutmore reports from the International Arctic Forum, with comments from Alexander Novak, Russian energy minister.
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Oil edges up on Libya disruptions, but bloated US market still weighs

Mar 30 1:04am Energy
Oil prices edged up on Thursday, extending two days of increases.
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History shows energy drives the plot in gasoline, natural gas

Mar 30 1:01am The Barrel Blog
I love it when I come across something random during the day that points back to my work. (Here’s where the cynics will say, “Said no one, ever …” — but bear with me.) We’ve just past a solemn anniversary that led to great leaps forward in energy safety. Eighty-plus years ago on March 18, […] The post History shows energy drives the plot in gasoline, natural gas appeared first on The Barrel Blog.
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Why deep-water oil rigs are coming back to work: Wood Mackenzie

Mar 30 1:01am Energy
The U.S. shale boom shaking the oil industry is changing the way deep-water oil exploration projects are done, a researcher said.
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The full story on OPEC compliance

Mar 29 9:52pm Energy
Matt Smith of ClipperData says only some OPEC members are pulling their weight in complying with output cuts.
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Green shoots in the deepwater sector?

Mar 29 9:12pm Energy
Angus Rodger of Wood Mackenzie says the deepwater oil drilling sector has gradually cut costs by 20 percent since 2014.
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Oil stable on falling Libyan output, but bloated US market still weighs

Mar 29 9:04pm Energy
Oil prices were steady on Thursday, supported by falling crude output in Libya and declining gasoline stocks in the U.S.
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All the Right Moves: Anadarko "Piranha-izes" its Portfolio to Fund Intense Oil-Weighted Output Growth

Mar 29 9:00pm RBN Energy - Accelerating energy market analytics through collaboration, networking and alliances
Adapting to a new era of low crude oil and natural gas prices, U.S. exploration and production companies, have been reconfiguring their portfolios to focus on a small group of shale plays whose production economics can hold up even through tough times. Among the largest producers, no company is a better example of this trend than Anadarko Petroleum, which has sold over $12 billion in assets since the beginning of 2014—including properties that generated one-third of its 2016 production—to focus 80\% of its capital investment on just three U.S. plays. Since year-end 2013, Anadarko has lowered its net debt by 16\%, or $8 billion, and it exited 2016 with over $8 billion in liquidity. The company forecasts 15\% compound annual production growth through 2021 at current prices, with the liquids weighting of output increasing from 44\% in 2015 to 65\% in 2021. Today we zero in on one of the 43 E&Ps whose new-era strategies are detailed in RBN’s new Piranha! market study.
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Why coal won't be saved

Mar 29 7:50pm Energy
Jim Cramer explains why the president's energy plans will not stop coal's demise.
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Where oil prices are headed

Mar 29 7:23pm Energy
Kathy Lien, MD of BK Asset Management, says crude could reach a price target of $52.
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Huge nuclear cost overruns push Toshiba's Westinghouse into bankruptcy

Mar 29 7:10pm Energy
Westinghouse Electric, a unit of Japanese conglomerate Toshiba, filed for bankruptcy on Wednesday.
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Cramer: Why coal won't be saved even with Trump's energy agenda

Mar 29 6:51pm Energy
Jim Cramer explains why the president's energy plans will not stop coal's demise.
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Options Action: Bet on energy?

Mar 29 5:36pm Energy
"Fast Money" trader Dan Nathan breaks down a bullish bet on energy in the options pit.
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Op-Ed: Trumps reversal of Obama climate-change policies could actually hurt oil and gas companies

Mar 29 3:44pm Energy
President Trump's latest executive order may have an unintentional consequence for big oil & gas, says former California EPA chief Terry Tamminen.
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Commodities tomorrow: Crude pops over 2 percent

Mar 29 3:21pm Energy
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
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US crude settles at 3-week high of $49.51, up 2.4% on signs supplies are tightening

Mar 29 2:38pm Energy
Crude inventories rose by 867,000 barrels, compared with analysts' expectations for an increase of 1.4 million barrels.
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Sean Spicer knocks critics of his spirited back-and-forth with April Ryan

Mar 29 1:07pm Energy News Headlines - Yahoo! News
A day after scolding journalist April Ryan during his daily briefing, White House press secretary Sean Spicer said criticism of the now-viral exchange is “demeaning” — to her.
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Futures Now: Oil rallies on supply data

Mar 29 12:54pm Energy
The Futures Now team discusses the rally in crude oil, and where the commodity may head from here.
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Crude oil extends price gains

Mar 29 12:33pm Energy
Oil prices saw yet another day of gains this Wednesday.
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Here's one more way US drillers are making life harder for OPEC

Mar 29 12:28pm Energy
U.S. drillers are buying up insurance against falling oil prices — a move that could prolong the global crude glut.
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Holocaust survivor to ICE director, California sheriff: History is not on your side

Mar 29 12:25pm Energy News Headlines - Yahoo! News
An Auschwitz survivor confronted one of the nation’s top immigration officials and a local sheriff at a California town hall Tuesday night. Bernard Marks, 87, addressed Immigration and Customs Enforcement Acting Director Thomas Homan and Sacramento County Sheriff Scott Jones, a supporter of President Trump. Jones had invited Homan to the public forum to discuss address the community’s concerns about ICE’s collaboration with local law enforcement.
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I am a child of refugees: New Yorkers stage tent protest of Trump travel ban

Mar 29 12:02pm Energy News Headlines - Yahoo! News
Trump’s initial travel ban was met with a swift backlash and stymied by the courts. “We’re spending just one night here and we can always go inside if we get cold, if we get wet, but refugees don’t have that option available to them,” said Amaha Kassa, executive director of African Communities Together, as rain began to beat down on the makeshift tent city. “Trump’s executive orders are going to cut the heart out of these programs,” said Kassa, who came to the U.S. from Ethiopia at age 4 as an asylum seeker.
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UK energy costs fuel inflation on post-Brexit weaker pound

Mar 29 12:00pm The Barrel Blog
With the UK now firmly — and seemingly irreversibly — on track toward Brexit after Prime Minister Theresa May notified Brussels of its intention to leave the EU on March 29, question marks still hang over what impact the persistent weakness of the pound may have on the UK’s fuel costs. The UK is — […] The post UK energy costs fuel inflation on post-Brexit weaker pound appeared first on The Barrel Blog.
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South Korea joins ranks of the worlds most polluted countries

Mar 29 11:49am Energy
Much of the country’s pollutants come from vehicle emissions and construction or industrial sites, FT reports.
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Oil extends gains after EIA reports smaller-than-expected rise in US crude stockpiles

Mar 29 11:30am Energy
Crude inventories rose by 867,000 barrels, compared with analysts' expectations for an increase of 1.4 million barrels.
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The coal industrys celebration of Trumps executive order is premature

Mar 29 10:54am Energy
Regulatory relief is nowhere near enough to return coal to its dominant position in power markets and restore jobs, NYT reports.
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Westinghouses bankruptcy filing is a blow to nuclear power

Mar 29 10:35am Energy
Westinghouse once symbolized America’s supremacy in nuclear power, but now illustrates its problems, NYT reports.
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Oil extends gains after EIA reports US crude stockpiles rose by 0.9 million barrels, less than expected

Mar 29 10:31am Energy
Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya.
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Seven Things that Need to Happen to Keep Global Gemperature Rise below 2C

Mar 29 9:27am Resilience
In late 2015, the world agreed to limit the global temperature rise to “well below 2C”. Ever since the signing of the Paris Agreement on climate change, scientists, think tanks and policymakers have been scrambling to define exactly what meeting this temperature limit will mean in policy and investment terms. The post Seven Things that Need to Happen to Keep Global Gemperature Rise below 2C appeared first on Resilience.
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Seven Things that Need to Happen to Keep Global Temperature Rise below 2C

Mar 29 9:27am Resilience
In late 2015, the world agreed to limit the global temperature rise to “well below 2C”. Ever since the signing of the Paris Agreement on climate change, scientists, think tanks and policymakers have been scrambling to define exactly what meeting this temperature limit will mean in policy and investment terms. The post Seven Things that Need to Happen to Keep Global Temperature Rise below 2C appeared first on Resilience.
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How Trump's energy order affects jobs, fuel prices

Mar 29 8:51am Energy
Trump's order rolling back energy regulations is unlikely to spawn a surge of jobs, USA Today reports.
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Beer giant Anheuser-Busch InBev commits to 100 percent renewable energy

Mar 29 7:27am Energy
Brewing powerhouse AB InBev has committed to secure all of its purchased electricity from renewable sources by 2025.
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Oil prices rise on Libyan supply disruptions, likely OPEC output cut extension

Mar 29 7:16am Energy
Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya.
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Top Energy Commodity Trading & Risk Management Conferences & Events in 2017

Mar 29 5:47am Blog
Whether you're an energy consumer, marketer, producer, processor, refiner, risk manager, trader, transporter, there are dozens of relevant conferences and events being held across the globe and throughout 2017 that may be of interest to you. While we clearly can't attend every industry event, we do attend many of them and would be glad to meet with you while we're there. If you woud like to meet with us during any of these events, please contact us. The following is the list of 2017 top energy trading and risk management related conferences and events we're aware of as of today. ...
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Top 25 Energy Trading, Marketing & Risk Management Events of 2016

Mar 29 4:07am Blog
Whether you're an energy consumer, marketer, producer, processor, refiner, risk manager, trader, transporter, there are dozens of relevant conferences and events being held across the globe and throughout the year that may be of interest to you. While we clearly can't attend all of them, we do attend many of them and would be glad to meet with you while we're there. If you woud like to meet with us during any of these events, please contact us. The following is the list of top energy trading and risk management related conferences and events we're aware of as of today. ...
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Busiest US petchem port about to get even busier, compounding congestion

Mar 29 1:01am The Barrel Blog
The cheap US natural gas boom triggered a slew of new and expanded chemical production that is poised to amplify vessel traffic in the already bustling Houston Ship Channel, home to the largest US petrochemical port and second only to Rotterdam in the world. While growth is welcomed, shipbrokers and other industry players expect the […] The post Busiest US petchem port about to get even busier, compounding congestion appeared first on The Barrel Blog.
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Oil rises on Libyan supply disruptions, likely OPEC output cut extension

Mar 28 9:48pm Energy
Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya.
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The Thrill Is Gone - Market Realities Weigh Heavily on the Canadian Oil Sands

Mar 28 9:00pm RBN Energy - Accelerating energy market analytics through collaboration, networking and alliances
On Friday, TransCanada finally secured a Presidential Permit for the U.S. portion of its Keystone XL pipeline, and the company committed to pursuing the state approvals it still needs to build the project. But three hard truths—crude oil prices below $50/bbl, the high cost of producing bitumen and moving it to market, and more attractive energy investments available elsewhere—have thrown a wet blanket on once-ambitious plans to significantly expand production in Western Canada’s oil sands, the primary source of the product that would flow through Keystone XL. Today we begin a series on stagnating production growth in the world’s premier crude bitumen area, the odds for and against a rebound any time soon, and the need (or lack thereof) for more pipelines.
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The Westinghouse blame game

Mar 28 8:56pm Energy
Ray Wang, Constellation Research, says cost overruns and poor governance were reasons behind the fall of Toshiba's nuclear unit, Westinghouse.
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This investor thinks oil could hit $70

Mar 28 6:51pm Energy
Bill Smith of Blaine Capital says Saudi Arabia is likely to work out an extension of the OPEC-led output cut ahead of the IPO of Saudi Aramco.
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Coal can be more profitable and efficient going forward, expert says

Mar 28 6:35pm Energy
Trump vowed to end the war on coal on Tuesday, and that's good news for coal stocks in the near term, Carl Larry said.
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White House offers muddled message to states considering Medicaid expansion

Mar 28 5:03pm Energy News Headlines - Yahoo! News
The White House didn’t have a clear message for states looking to potentially expand Medicaid in the wake of the American Health Care Act’s (AHCA) failure, implying that the bill would have saved the program for low-income and disabled Americans by cutting nearly a trillion dollars from its funding. Press secretary Sean Spicer was asked during Tuesday’s briefing about possible expansions of Medicaid coverage in Kansas, Georgia and Virginia. The three states are in varying stages of moving toward joining the 31 states that have already opted in to Obamacare’s expansion of  the decades-old program, which covers 74 million Americans.
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As Trump focuses on energy, here are winners and losers in the sector, trader says

Mar 28 5:03pm Energy
Investors looking to get into the energy space should look no further than natural gas, trader Roberto Friedlander said.
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New EPA chief plans 'humble' approach to regulating CO2 emissions

Mar 28 4:12pm Energy
The Environmental Protection Agency will take a less aggressive approach to carbon dioxide emissions than in the past, Scott Pruitt said on Tuesday.
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The return of coal jobs is a 'cruel' deception, congressman says

Mar 28 3:58pm Energy
Trump wants to roll back environmental regulations, but it won't bring back coal jobs, Kentucky Rep. John Yarmuth says.
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Energy stocks winners and losers

Mar 28 2:36pm Energy
Roberto Friedlander, Seaport Global Securities, head of energy trading, weighs in energy stocks after President Trump signed a new energy executive order.
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Pres Trump: Administration ending the 'war on coal'

Mar 28 2:33pm Energy
Karen Harbert, U.S. Chamber of Commerce Energy Institute president & CEO, weighs in on President Trump signing a new energy executive order.
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US crude settles at $48.37, rising 64 cents with Libyan output disruption

Mar 28 2:33pm Energy
A disruption to Libyan oil supplies and comments suggesting OPEC could extend its output cuts deal boosted oil prices.
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Trump signs order to roll back Obama climate actions, power plant emissions rule

Mar 28 2:31pm Energy
President Trump signed an executive order on Tuesday to scale back Barack Obama's efforts to fight climate change.
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Venezuela announces a new exchange rate but this one probably won't matter, either

Mar 28 2:13pm Energy
On the black market, a dollar can fetch around 3,000 Venezuelan bolivars.
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Futures Now: Crude oil bounces

Mar 28 12:54pm Energy
The "Futures Now" team discusses the move higher in crude, and where the commodity may head from here.
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Like the new EPA chief, Southern Company's CEO doesn't see CO2 as main reason for climate change

Mar 28 12:29pm Energy
Climate change science hasn't proven that carbon dioxide is the primary contributor, Southern Company chief Tom Fanning tells CNBC.
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Oil prices rise about 2% with Libyan output disruption, but US supply concern weighs

Mar 28 11:42am Energy
A disruption to Libyan oil supplies and comments suggesting OPEC could extend its output cuts deal boosted oil prices.
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A closer look at Trumps legal options for killing Obamas Clean Power Plan

Mar 28 10:53am Energy
Scott Pruitt could pursue many options to replace Obama's clean-air policy, Vox reports.
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Oil prices rise with Libyan output disruption, upside capped

Mar 28 10:35am Energy
Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting OPEC could extend its deal cutting global production.
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Here are the key points in Trumps executive order to tear up Obamas climate policies

Mar 28 10:32am Energy
Some of President Obama's climate policies may prove harder to uproot than thought, Vox reports.
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Democrats pile on Nunes as intrigue swirls around House Russia probe

Mar 28 10:31am Energy News Headlines - Yahoo! News
House intelligence committee Chairman Rep. Devin Nunes, R-Calif., is resisting growing calls for him to step aside over the revelation he had gone to the White House grounds to receive classified information related to committee’s investigation into Russian interference in last year’s election. “We’ve been investigating Russia for many, many years,” he said.
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Op-Ed: The real costs of dumping Obamas Clean Power Plan

Mar 28 10:13am Energy
Here's what the Trump administration needs to understand about climate change when creating policy, says Jason Bordoff.
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