In one of our recent articles, we reported that oil and gas companies have reduced planned spending through 2020 by a whopping $1 trillion USD. (See also http://www.cnbc.com/2016/06/15/global-oil-industrys-retrenchment-tops-a-staggering-1-trillion.html).   This number is...

This was a great week for the price of oil, marked by two major occurrences that allowed a bull rally. As of Thursday, West Texas Intermediate (WTI) had gained 11.15% over...

Oil rallied this week based on talks of a possible production freeze by OPEC. . Saudi Energy Minister Khalid Al-Falih stated “We are, in Saudi Arabia, watching the market closely, and...

On August 9, 2016, the EIA updated their short-term energy outlook. The full report can be found here. Here are some highlights from the report: The EIA estimates that the amount...

Each week, we strive to provide you a bare bones summary of what happened to the price of WTI, Natural Gas, and Brent Crude. In addition, we summarize the major reports...