Oil / Finance

Oil prices stay weak as US drilling undermines drive to tighten markets

May 28 10:09pm Energy
Oil prices remained weak on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply.
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Anti-progress: The case of airline travel

May 28 3:04pm Resilience
We are so used to rapid progress in so many fields, especially in the communications devices and computers. It’s hard to imagine that there might areas of our lives in which progress has not only ceased but been reversed. The post Anti-progress: The case of airline travel appeared first on Resilience.
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Why Trump's plan to sell down US oil stocks is divided between 'misguided,' and about time

May 28 11:55am Energy
The Trump administration proposes selling off half the U.S. Strategic Petroleum Reserve over a decade.
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Eight People, Including Sheriffs Deputy, Dead in Mississippi Shooting

May 28 11:34am Energy News Headlines - Yahoo! News
The victims were discovered in three separate locations in rural Lincoln County overnight, according to Mississippi Bureau of Investigation spokesman Warren Strain.
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Merkel warns US, Britain no longer reliable partners

May 28 10:30am Energy News Headlines - Yahoo! News
Europe must take its fate into its own hands faced with a western alliance divided by Brexit and Donald Trump's presidency, German Chancellor Angela Merkel said Sunday. While Germany and Europe would strive to remain on good terms with America and Britain, we have to fight for our own destiny , Merkel went on. Special emphasis was needed on warm relations between Berlin and newly-elected French President Emmanuel Macron, she said.
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Full Clapper: My Dashboard Warning Light Was Clearly On Over Trump Campaigns Russia Communications

May 28 2:48am Energy News Headlines - Yahoo! News
Former Director of National Intelligence James Clapper tells Chuck Todd that he was "very concerned about the nature" of approaches between the Trump campaign and Russian agents during the 2016 elections...
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Close to Treason DHS Sec. Kelly Calls Out Intel Leaks

May 28 1:50am Energy News Headlines - Yahoo! News
Homeland Security Sec. John Kelly tells Chuck Todd on Meet the Press that it’s “totally unacceptable” for intelligence to be leaked, after details of the U.K.'s investigation into the Manchester bombing were published by American news outlets.
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Full Kelly Interview: Every Single Day Terrorists Are Plotting Against U.S.

May 28 1:48am Energy News Headlines - Yahoo! News
Homeland Security Secretary John Kelly joins Meet the Press to talk about reports that White House Adviser Jared Kushner tried to set up a secret Russia backchannel, and why he believes intelligence leaks are “darn close to treason.”...
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Post Report On Kushner Overshadows Trumps End of First Foreign Trip

May 27 11:31am Energy News Headlines - Yahoo! News
The Washington Post report that Jared Kushner asked for a secret communications channel with Russian Pres. Vladimir Putin last December added to the growing controversy surrounding Trump’s son-in-law...
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Hillary Clinton repeatedly tweaks Trump during a college commencement address

May 26 3:43pm Energy News Headlines - Yahoo! News
Hillary Clinton delivered the commencement address at her alma mater, Wellesley College, Friday, 48 years after she was the school’s first-ever student commencement speaker when she graduated in 1969. In one of her most high-profile appearances since losing the presidential election, Clinton doled out biting criticism of President Trump’s tumultuous administration, albeit without mentioning him by name. Pointedly, she referenced the political climate at the time of her 1969 speech, when “we were furious about the past presidential election of a man whose presidency would end with disgrace with his impeachment for obstruction of justice, after he fired the man running the investigation into him at the Department of Justice.” This reference to Richard Nixon’s Watergate scandal was an apparent connection to Trump, who sparked a firestorm by suddenly firing James Comey as FBI director earlier this month (although Nixon resigned before he was actually impeached).
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Unlike his boss, Trump economic advisor Cohn isn't a fan of coal

May 26 3:40pm Energy
The president's chief economic advisor is casting doubt on the future of U.S. coal, saying it "doesn't really make that much sense anymore as a feedstock."...
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These energy stocks have outperformed the S&P 500 when OPEC rolls over policy

May 26 3:07pm Energy
Energy stocks are poised to outperform the S&P following OPEC's latest policy decision.
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Trump's views on climate change 'evolving,' White House adviser says

May 26 2:55pm Energy
Trump's views on climate change are evolving after discussions with Group of Seven allies, but in the end he will put U.S. interests first.
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US crude settles at $49.80, up 1.8%, regaining ground after plunge on OPEC disappointment

May 26 2:38pm Energy
Oil prices were choppy on disappointment that an OPEC-led exporter group did not cut production more deeply.
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Venezuela's people are going hungry but it's keeping its lenders happy

May 26 2:37pm Energy
The country's ability to make payments may be "in doubt," but its willingness is "strong," says one analyst.
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Senate Widens Scope of Trump-Russia Probe

May 26 2:25pm Energy News Headlines - Yahoo! News
Congressman Jim Himes discusses another night of blockbuster news on the Trump-Russia investigation and the scope of the investigation into the Donald Trump campaign.
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Kusher Sought Kremlin Back Channel: Report

May 26 2:00pm Energy News Headlines - Yahoo! News
Adam Entous, national security reporter for The Washington Post, discusses the new revelation that Donald Trump adviser and son-in-law Jared Kushner asked the Russian ambassador to set up a back channel to the Kremlin using Russian facilities.
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Representative and defendant Greg Gianforte: How will it work?

May 26 1:49pm Energy News Headlines - Yahoo! News
After his victory, Gianforte apologized to Guardian journalist Ben Jacobs by name and vowed to never embarrass fellow Montanans again.
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Oil hits a rough patch, but this investor is still bullish

May 26 1:34pm Energy
Rob Thummel, managing director of Tortoise Capital Advisors, talks about his bullish case for oil as crude stock hits a rough patch intraday and which energy stocks to buy now.
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Oil prices hold gains as US oil rig count rises by 2 for 19th straight increase

May 26 1:07pm Energy
Oil prices were choppy on disappointment that an OPEC-led exporter group did not cut production more deeply.
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Call of the day: Chevron downgraded to 'sell'

May 26 12:23pm Energy
The “Fast Money Halftime Report” traders discuss today's call of the day, Chevron.
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Lawsuit: Zillow Zestimates Are Wrong, Preventing Homes from Selling

May 26 11:46am Energy News Headlines - Yahoo! News
Zillow estimates values for 110 million homes across America as “zestimates,” but many have questioned the company’s accuracy, including one homeowner who claims she can’t sell her home because of it.
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European markets close lower as oil stocks weigh; sterling falls; G-7 meeting in focus

May 26 11:31am Energy
European bourses closed lower on Friday as losses in energy companies weighed down major bourses.
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These energy stocks have outperformed when OPEC extends policy

May 26 10:47am Energy
The S&P energy sector trades in line with the index a month after OPEC rolls over policy, but some stocks outperform.
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Trump exalts great win for candidate charged with assault

May 26 10:44am Energy News Headlines - Yahoo! News
No other leader at the G-7 meeting mentioned Thursday’s GOP victory in Montana, so President Trump praised it himself.
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Oil prices edge up after plunging on disappointing OPEC output decision

May 26 10:30am Energy
Oil prices were choppy on disappointment that an OPEC-led exporter group did not cut production more deeply.
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Elon Musk hates hydrogen, but automakers are still investing in it and for good reason

May 26 10:05am Energy
Elon Musk is no fan of hydrogen fuel cells, but some of the world's major automakers still think it is a good bet.
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The US shale business undercuts the biggest global alliance, leading oil analyst says

May 26 10:05am Energy
"I think OPEC is actually back in business as a swing producer," says the leading oil analyst.
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White House chief economic advisor: Trump will hear out Europeans on Paris climate deal

May 26 9:43am Energy
President Donald Trump is "leaning to understanding the European position" on the Paris climate deal, Gary Cohn says.
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Oil prices dip after plunging on disappointing OPEC output decision

May 26 8:26am Energy
Oil prices extended losses on disappointment that an OPEC-led exporter group did not cut production more deeply.
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Hillary Clinton: Authoritarian Regimes Attempt to Control Reality

May 26 5:06am Energy News Headlines - Yahoo! News
Giving the commencement speech at Wellesley College, Hillary Clinton warns graduates that authoritarian regimes attempt to control reality.
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European markets lower as oil stocks weigh; sterling falls; G-7 meeting watched

May 26 3:30am Energy
European bourses were lower on Friday morning as slumping oil prices continued to weigh on investor sentiment.
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Oil drops after OPEC-led output cut extension falls below expectations

May 26 12:50am Energy
Oil markets remained weak on Friday after tumbling in the previous session.
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Gianforte wins Montana special House election despite being charged with assault

May 26 12:47am Energy News Headlines - Yahoo! News
Republican Greg Gianforte claimed a narrow victory in Montana’s special election for the state’s at-large congressional seat, defeating Democrat Rob Quist one day after being charged with misdemeanor assault.
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Higher oil prices at year-end?

May 25 10:06pm Energy
The fall in oil prices is a blip caused by markets taking profit on OPEC's decision to extend output cuts, says Bryan Goh, Bordier & Cie.
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Oil remains weak after OPEC-led output cut extension falls below expectations

May 25 9:53pm Energy
Oil markets remained weak on Friday after tumbling in the previous session.
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Oil price decline after OPEC output cut extension an 'overreaction': Analyst

May 25 9:29pm Energy
There may still be upside for crude prices even if investors appear let down by an OPEC production cut extension, an analyst said.
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Wipe Out! - Putting Frac Sand Supply, Demand and Prices in Perspective

May 25 9:00pm RBN Energy - Accelerating energy market analytics through collaboration, networking and alliances
The accelerating trend toward high-intensity completions in the Permian, SCOOP/STACK, Marcellus/Utica, Haynesville and other key shale plays is sharply increasing demand for frac sand. As a result, there's upward pressure on sand prices and there are shortages of certain grades of sand that may continue into 2018.  There is also increased interest in developing sand mines near production areas. It’s important to remember, though, that (1) there’s no evidence that sand-supply issues will seriously curtail drilling and completion activity, and (2) higher sand costs can be offset by the production gains that usually come from using a lot more sand. Today we continue our surfing-themed series on sand costs and water-disposal expenses with a look at the forecast for 2017-18 demand for frac sand, sand pricing trends, efforts to develop regional sand supply sources and the bottom-line upside of high-intensity completions.
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Where oil prices are going

May 25 8:46pm Energy
OPEC's output cut extension should result in Brent averaging $55 a barrel due to a drawdown in inventories, says Sushant Gupta, Wood Mackenzie.
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'OPEC has long since been relevant'

May 25 7:15pm Energy
Keith Fitz-Gerald, Moneymorning.com, says oil prices are unlikely to go above $60, and makes the case for energy stocks.
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Russia's not ruling out a deeper cut to oil production after OPEC disappoints

May 25 6:00pm Energy
Russia's energy minister has underlined how global oil producers still have the flexibility to help rebalance markets.
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Energy fell but didn't dramatically affect market: Trader

May 25 4:00pm Energy
CNBC's Mike Santoli talks about the S&P and Nasdaq closing at record highs. Stephanie Link, TIAA Investments, weighs in.
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Oil prices should grind higher into the $60s later this year, RBC's Croft says

May 25 3:45pm Energy
Oil prices dropped after OPEC announced it was extending production cuts, but Helima Croft sees higher prices ahead.
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Commodities tomorrow: OPEC cuts already baked in

May 25 3:03pm Energy
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
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US crude settles at $48.90, tumbling nearly 5% on disappointment in OPEC's production policy

May 25 2:32pm Energy
OPEC extended its crude oil output cuts by nine months, but some investors expected the cartel to do more.
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GOP senators urge Trump to make clean exit from Paris Agreement

May 25 12:30pm Energy News Headlines - Yahoo! News
A group high-profile Republican senators, including Majority Leader Mitch McConnell, are calling on President Trump to make a “clean break” from the Paris Agreement on climate change.
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Oil falls below $50, tanking about 4% as OPEC output cut extension disappoints market

May 25 12:24pm Energy
OPEC extended its crude oil output cuts by nine months, but some investors expected the cartel to do more.
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OPEC and non-OPEC members agree to extend production cuts for nine months; oil prices slip 4%

May 25 12:20pm Energy
OPEC announced it would extend cuts in oil output by nine months to March 2018 on Thursday, OPEC delegates said according to a Reuters report.
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Paul Ryan says Gianforte should apologize, not withdraw, after altercation with reporter

May 25 12:02pm Energy News Headlines - Yahoo! News
House Speaker Paul Ryan said Thursday that GOP candidate Greg Gianforte should apologize for an apparently violent interaction with a reporter, but Ryan also said he would accept the Montanan into the House if he won his special election later in the day. “First, let me just say physical altercations — there’s never a call for physical altercations,” Ryan said when asked whether Gianforte should withdraw from the race. “There is no time where a physical altercation should occur or just between human beings, so that is wrong and it should not have happened.
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Europe ends under pressure as oil prices tumble on OPEC; Petrofac tanks 30%

May 25 11:29am Energy
European markets ended lower Thursday as a sharp fall in oil prices weighed on sentiment.
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Answer the question: Bernie Sanders clashes with Trump budget chief during hearing

May 25 11:08am Energy News Headlines - Yahoo! News
Fireworks erupted Thursday when President Trump’s budget chief sparred with a Senate panel over the administration's proposed 2018 budget, most notably trading barbs with Sen. Bernie Sanders, I-Vt., over potential cuts to entitlement programs.
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European markets feel the heat as oil prices decline; Petrofac tanks 33%

May 25 10:38am Energy
European markets were feeling the pressure on Thursday after it was announced that OPEC would be extending its production cuts.
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Who is Greg Gianforte, the Montana House candidate who allegedly attacked a reporter?

May 25 10:26am Energy News Headlines - Yahoo! News
The GOP candidate in Montana’s special congressional election is facing a new challenge: a misdemeanor assault charge issued Wednesday night.
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Obama in Berlin: We cant hide behind a wall

May 25 10:21am Energy News Headlines - Yahoo! News
Former President Barack Obama and German Chancellor Angela Merkel attend a discussion at the German Protestant Kirchentag in front of the Brandenburg Gate in Berlin on May 25. Former President Barack Obama seemed to take a subtle swipe at his successor Thursday, telling a Berlin audience that the world cannot “hide behind a wall” — an apparent reference to President Trump’s signature campaign promise to build a wall on the U.S.-Mexico border. Obama was in Germany for Kirchentag, a conference affiliated with the Protestant church that he attended at the invitation of German Chancellor Angela Merkel.
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European markets feel the heat as oil prices drop; Petrofac tanks 30%

May 25 9:40am Energy
European markets were feeling the pressure on Thursday after it was announced that OPEC would be extending its production cuts.
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