Wall Street Scrambles its "Contango Convoy" to Capitalize on Higher Oil Demand
Wall Street Scrambles its "Contango Convoy" to Capitalize on Higher Oil DemandA 26-mile-long line of idled oil tankers, enough to blockade the English Channel, are firing up their engines and jockeying...
View ArticleGhana May Kill Exxon's $4 Billion Oil Deal
Ghana May Kill Exxon's $4 Billion Oil DealThe government of Ghana may kill Exxon Mobile Corp.'s (NYSE: XOM) plans to buy a $4 billion stake in a giant offshore oil discovery from Kosmos Energy LLC. The...
View ArticlePetroChina, Shell Target Australia's Arrow Energy
PetroChina, Shell Target Australia's Arrow EnergyOil companies Royal Dutch Shell PLC (NYSE ADR: RDS.A) and PetroChina Co. Ltd. (NYSE ADR: PTR) yesterday (Monday) made a joint offer for Australian...
View ArticleBP Dives Into Brazil's Offshore Oil Industry With $7 Billion Deal
BP Dives Into Brazil's Offshore Oil Industry With $7 Billion DealBritish oil giant BP PLC (NYSE: BP) has finally entered Brazil's vaunted deepwater oil market with a $7 billion purchase of Devon Energy...
View ArticleHigh Gas Prices Got You Down? Beat the Oil Industry at its Own Game…
As the price of crude oil moves above $80 a barrel, consumers are wondering just how high gas prices can go. Now is the time for such questions. It's during the month of March that the market begins to...
View ArticleHow to Profit from the New Iranian Sanction
How to Profit from the New Iranian SanctionGrowing up in Massachusetts, my mother used to say, "Live long enough, and you'll see just about anything happen in politics." And she was right. A wrestler,...
View ArticleShell Grabs Crucial Shale Gas Deposits With $4.7 Billion Deal
Shell Grabs Crucial Shale Gas Deposits With $4.7 Billion DealRoyal Dutch Shell PLC (NYSE ADR: RDS.A, RDS.B) announced Friday it would pay $4.7 billion in cash for U.S.-based East Resources, Inc. to...
View ArticleGasoline-Price Forecasting: What Sam the Gas Station Owner Knows That We Don't
What started out as a routine fill-up at the service station that I frequent has turned into a solid gasoline-price-forecasting model that should spotlight the most-imminent profit opportunities. Of...
View ArticleIraq's Energy Sector Is Moving Forward – With or Without the U.S.
Iraq's Energy Sector Is Moving Forward – With or Without the U.S. Iraq on Wednesday broke the record - 207 days - for the time between a parliamentary election and the formation of a government. But...
View ArticleWe Just Got Another Bullish Crude Oil Price Prediction from This Oil Giant
Most crude oil price predictions for 2016 are overwhelmingly bearish. Both Goldman and Morgan Stanley forecast oil to hit $20 a barrel sometime this year - down more than 35% from its current price....
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