Market/News

December 10, 2018:

OPEC+ Succeeds, What’s Next For Oil?

Oil prices spiked on Friday on news from Vienna. OPEC+ managed to pull off an el..

December 6, 2018:

World Bank Warns Of Extreme Volatility In Oil Markets

After several months of oil price rises and then a sharp reversal over the last..

November 27, 2018:

Goldman: Oil Prices Set For Rebound In 2019

Goldman Sachs believes that the price of oil and other commodities are set for a..

November 14, 2018:

Is An Oil Supply Crunch Inevitable?

Global oil demand will peak by 2040, according to a new report, although oil sup..

November 13, 2018:

Oil Prices Are Not Falling Off A Cliff Anytime Soon

We entered the fourth quarter of 2018 with some anticipation. Driving this was t..

November 8, 2018:

Big Oil Won’t Spend Despite Fat Profits

Higher oil prices are expected to leave the oil industry flush with cash, but th..

November 7, 2018:

The Truth About Iran Oil Sanction Waivers

The Trump administration has dropped the hammer, officially putting sanctions on..

October 23, 2018:

This Alliance Could Mark A New Era For Oil

Saudi Arabia and Russia could formalize a strategic partnership that would last..

September 28, 2018:

The Inevitable Oil Supply Crunch

“The warning signs are there – the industry isn’t finding enough oil.” That’s th..

September 25, 2018:

$100 Oil Is A Distinct Possibility

An oil price spike is starting to look increasingly possible, with a rerun of 20..

September 23, 2018:

Why Peak Oil Demand Doesn’t Matter

In the previous article, I discussed the natural gas projections from the recent..

September 18, 2018:

Russia And Saudi Arabia Confirm Long-Term Oil Partnership

Russia and Saudi Arabia will continue co-operating in the long term, including o..

September 14, 2018:

IEA: Tight Markets To Push Oil Prices Above $80

The oil market is “tightening up,” according to a new report from the Internatio..

September 11, 2018:

OPEC Outages Are Driving Up Oil Prices

Geopolitics is once again driving oil prices, and after a pause this summer, ten..

August 31, 2018:

Oil Rallies On Flurry Of Bullish News, prices have climbed 10 percent in the past two weeks

Oil is on track for a second consecutive week of gains, after two months of loss..

August 21, 2018:

Re-complete/workover – on the Hayes#2 has started

The rig was mobilized late Friday PM. Today we came out of the hole with the rod..

August 16, 2018:

All-Time Low Spare Capacity Could Send Oil To $150

While the oil market and analysts are trying to guesstimate how much Iranian oil..

August 14, 2018:

The Real Reason Behind The Next Oil Squeeze

The last quarter has seen increased volatility in oil prices, an increase that I..

August 13, 2018:

Global Oil Supply Could Become ‘’Very Challenging’’

The oil market has experienced a “cooling down” this summer as global supply dis..

August 10, 2018:

Our latest project is now ready for funding. Ritchie Waterflood unit

The plan is the do all workover on the first 6 wells, get them producing and flo..

August 8, 2018:

$90 Oil Is A Very Real Possibility

U.S. sanctions on Iran could push oil prices up to $90 per barrel later this yea..

July 25, 2018:

The Regulation That Could Push Oil To $200

Oil prices could spike as high as $200 per barrel over the next 18 months, which..

July 20, 2018:

Oil Prices Rebound As Saudis Expect Reduced Exports In August

Saudi Arabia is expecting a reduction in crude oil exports next month, despite e..

July 10, 2018:

U.S. Sanctions Could Add $50 To Oil Prices

The oil industry might not be able to produce enough oil to meet global demand i..

July 7, 2018:

A supply shortfall is lurking should major oil companies continue to underinvest..

June 27, 2018:

Oil Jumps As Trump Asks Allies To Cut Off Iranian Oil

The Trump administration is going to extreme lengths to disrupt as much oil from..

June 26, 2018:

The Bullish Truth Of OPEC’s Agreement

Oil prices jumped 5 percent on Friday after the OPEC+ group announced its vague..

June 5, 2018:

We just got some updated pictures from the st. martin well we are working on at this time….looks good

SE LLC -Operation - NS RA SUA, St Martin B&C CO. ET AL NO.1 rev

May 19, 2018:

New pictures from the st.martin well location

Area has been cleaned up, and new pump unit is being installed, everything is go..

May 17, 2018:

OPEC Won’t Stop When Oil Hits $80

OPEC is not in a rush to start winding down the production cuts despite oil pric..

May 15, 2018:

OPEC: The Oil Glut Is Gone

OPEC said that the global oil supply surplus has nearly been eliminated, althoug..

May 14, 2018:

$100 per barrel in 2019 – Higher Oil Prices Look Likely

The path to higher oil prices seems pretty clear, but it isn’t inevitable. There..

May 8, 2018:

Trump Tears Up The Iran Deal

Oil markets saw extreme volatility on Tuesday, with prices originally crashing o..

May 8, 2018:

Why Oil Prices Are Likely To Go Higher

WTI just hit $70 per barrel for the first time since late 2014. Prices continue..

May 4, 2018:

Could Oil Actually Hit $300?

Speculating on the price of oil is a favorite pastime in certain circles, and th..

May 1, 2018:

Oil Prices Spike As OPEC Compliance Hits New Record

OPEC’s oil production continues to decline, hitting a one-year low in April. Com..

April 20, 2018:

OPEC Panel Confirms The Oil Glut Is All But Eliminated

A meeting of the Joint Technical Committee (JTC) of the OPEC and non-OPEC oil pr..

April 19, 2018:

$100 Oil Is Back On The Table

Oil prices will rise to $100 per barrel if Saudi Arabia gets its way. Read more.

April 10, 2018:

Why Oil Prices Just Rallied To $70

The price of a Brent barrel surpassed the $70 mark in morning trading on Tuesday..

March 13, 2018:

44 Things You Didn’t Know About Oil

Whenever you see a headline like this, you know it will go along the lines of “d..

February 23, 2018:

Saudi Arabia Wants $70 Oil

As the global oil inventory surplus narrows and the goal of the OPEC cuts is wit..

February 17, 2018:

Is This The Future For OPEC?

OPEC and Russia, along with other countries participating in the oil production..

February 16, 2018:

The Most Bullish Indicator For Long-Term Oil Demand

The rise of electric vehicles has prompted many analysts to start trying to pinp..

January 10, 2018:

Oil Prices Rise After API Reports Staggering Crude Oil Draw

The American Petroleum Institute (API) reported a staggeringly large draw of 11...

January 4, 2018:

Oil Rises As API Reports Major Draw In Crude Inventories

The American Petroleum Institute (API) reported a draw of 4.992 million barrels..

January 2, 2018:

U.S. Shale Can’t Offset Record-Low Oil Discoveries

The U.S. shale resurgence has been one of the main themes in oil markets this ye..

December 28, 2017:

Oil Discoveries At Lowest Point Since The 1940s

The oil industry discovered the least amount of oil in 2017 in almost eight deca..

December 22, 2017:

We wish you a Merry Christmas & a Happy New Year

we are looking forward to an exciting 2018

November 22, 2017:

Oil Prices Rise After API Reports Major Crude Draw

The American Petroleum Institute (API) reported a draw of 6.356 million barrels..

November 17, 2017:

IEA: Oil demand on a rising trajectory by 2040

According to the International Energy Agency’s World Energy Outlook 2017, up unt..

November 14, 2017:

The War That Would Transform Oil Markets

A fire erupted at an oil pipeline connecting Bahrain and Saudi Arabia, and the t..

September 28, 2017:

Oil Prices At A Ceiling, Or Just Getting Started?

Oil moved back into bull market territory this week, with Brent prices jumping t..

September 19, 2017:

IEA: Price Spike Coming In 2020

The oil market has been awash in crude for more than three years, and OPEC has s..

September 16, 2017:

Soaring Demand Drives Oil Market Recovery

It has been a bullish week in oil. Rig counts dropped, WTI broke $50, demand has..

September 14, 2017:

The Most Bullish Oil Report This Year

Despite the huge uncertainties related to the two massive hurricanes that hit th..

September 13, 2017:

Oil Prices Rise After API Reports Largest Gasoline Draw On Record

The American Petroleum Institute (API) reported a build of 6.181 million barrels..

September 1, 2017:

OPEC Compliance Hits 89 Percent In August

Output from the Organization of Petroleum Exporting Countries (OPEC) fell by 170..

August 29, 2017:

Russia And Saudi Arabia Plan To Extend Outputs Cuts Through June

Oil producers in Russia and Saudi Arabia are pushing to extend the Organization..

August 16, 2017:

Oil Prices Rise As API Reports Huge Crude Inventory Draw

The American Petroleum Institute (API) reported a major draw of 9.2 million barr..

August 12, 2017:

BP#1 is making 65 BBL/day

The BP#1 made 65 bo and +/- 187 bw, flowing at 175 psig on a 5/64’s. See attache..

August 11, 2017:

Oil Futures Point To Higher Oil Prices

The EIA reported another strong week of inventory declines in its most recent da..

August 9, 2017:

Saudi-Arabien vil formentlig skære i olieeksport i september

Det saudiarabiske olieselskab Aramco vil efter forventninger ikke levere lige så..

August 8, 2017:

Venezuela Rebellion Could Send Oil To $80

Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story..

August 7, 2017:

BP#1 well – Recomplete has begun of the well, to get it back producing

The rig was moved on location Sunday and has begun work on the recomplete in the..

August 4, 2017:

The oil producing countries need these prices to balance their state budgets

OPEC can no longer afford to ride out a wave of low oil prices that could last u..

August 4, 2017:

Is The EIA Exaggerating U.S. Oil Production?

Oil is back at $50 per barrel, restoring some semblance of confidence in the mar..

July 28, 2017:

Electric Vehicles No Threat To Oil Prices Anytime Soon

Hardly a day goes by without another media report about the impending demise of..

July 26, 2017:

Will The UAE Further Boost Its OPEC Compliance?

Following Saudi Arabia’s pledge to do the same, the United Arab Emirates announc..

July 26, 2017:

Oil Prices Leap Higher After API Reports Huge Crude Draw

The American Petroleum Institute (API) reported a huge draw of 10.23 million bar..

July 25, 2017:

Saudis To Take ‘Significant’ Measures To Bolster Oil Prices

At the meeting of OPEC and non-OPEC producers in St. Petersburg on Monday, Saudi..

July 11, 2017:

The Major Wildcard That Could Send Oil To $120

The latest rally in oil prices ran up against a wall yet again, and the same fea..

July 6, 2017:

Only $60 Oil Can Save The Aramco IPO

The OPEC deal is in crisis. All oil price gains derived from the 1.2 million-bar..

July 5, 2017:

Markets Overcome The Crash: Oil Rally Continues

Fueled by a bout of short covering, oil prices continue to climb towards $50 as..

June 21, 2017:

The Fourth Industrial Revolution Is Fueled By Oil

Artificial intelligence is already here, with algorithms replacing traders on Wa..

June 16, 2017:

Oil Prices Are Set To Rebound

The latest selloff in oil prices have left speculators in a predicament: The fun..

March 7, 2017:

IEA forecasts possible oil undersupply, price spike after 2020

Global oil supply could struggle to keep pace with demand after 2020, risking a..

February 10, 2017:

Oil Rises As Bullish Sentiment In Markets Persists

Oil prices are moving back toward the top of their recent trading range, looking..

January 23, 2017:

$25 Trillion Investment Needed To Meet Future Oil Demand

The world needs to invest US$25 trillion in new oil-producing capacity over the..

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