Oil prices traded sideways in a quiet market as traders digest the news coming from Houston where the world’s opinion leaders in oil & gas have gathered for this year’s CERA Week. (Click to enlarge) (Click to enlarge)Chart of the Week (Click to enlarge) • Total installed wind capacity surpassed hydropower in the U.S. for the first time last year. • Hydro has been a pillar of the U.S. electricity system for decades – not as large a share of the sector as coal, natural gas or nuclear, but hydro has held a sizable…
ConocoPhillips’ Ryan Lance told CNBC the company is betting on low-$50s oil for the next couple of years.
The post Oil lower for longer, with a lot of volatility ahead, ConocoPhillips CEO says appeared first on crude-oil.news.
Via Peter Tchir of Brean Capital,
It is almost ironic that
the President has a twitter handle of @realDonaldTrump
the show where people have to identify the right person was titled ‘To Tell the Truth’
I can’t get Eminem’s Real …
OPEC Secretary General Mohammad Sanusi Barkindo said Tuesday that initial data suggests compliance with voluntary output cuts among oil …The post OPEC: Deeper <b>crude oil</b> output cuts are happening appeared first on crude-oil.news.
OPEC said it expects compliance with voluntary output cuts among oil exporters to have improved in February.
The post OPEC provides a sneak peek at ‘much higher’ oil output cut data appeared first on crude-oil.news.
The credit-card fueled spending spree came to a screeching halt in January, when according to the latest just released consumer credit data from the Fed, revolving credit tumbled by $3.8 billion. This was the first decline since February of 2016, and t…
The post US Credit Card Debt Sees Biggest Drop In Over Four Years appeared first on crude-oil.news.
The Libyan National Army (LNA), led by General Khalifa Haftar, has bombed the Benghazi Defense Brigades (BDB) faction for a fifth day in the country’s Oil Crescent, and the latest fighting has led to Libya’s oil production dropping by 35,000 bpd to around 660,000 bpd, Reuters reported on Tuesday, quoting local officials and residents. The LNA and BDB have been fighting over control of the oil ports in Libya’s east since Friday, putting the country’s plan to dramatically increase oil production and exports at risk. In September…