Traders Are Betting On $100 Oil In 2018 While oil industry executives are preparing to live and profit in the world of $50 oil over the next few years, some enthusiast investors have been betting on $100 oil for December 2018 options. Open interest in $100 call options for December 2018 has tripled in one … Continue reading Traders Are Betting On $100 Oil In 2018
Operator of Big Montana Coal Plant Will Keep on Running It BILLINGS, Mont. (AP) — The operator of one of the largest coal-fired power plants in the Western U.S. plans to keep running the 2,100-megawatt plant, a spokesman said Wednesday, in an abrupt reversal from its declaration last year that a new operator would be … Continue reading Operator of Big #Montana Coal Plant Will Keep on Running It
Here’s why oil’s future is grim Oil companies’ business model is disappearing, and more rapidly than you think. Five countries have already announced an end date for the sale of gasoline and diesel cars. Wind and solar are now cheaper than gas, oil and coal in many cases. These rapid changes will leave the oil … Continue reading Here’s why oil’s future is grim
This oil law was sold as climate friendly. It might not be Congress can’t claim many achievements these days, but its 2015 decision to lift a ban on crude oil exports and extend tax incentives for wind and solar is reshaping energy markets. U.S. crude shipments abroad are on the rise. A spike in gasoline … Continue reading This oil law was sold as climate friendly. It might not be
Big Oil Ramps Up Its Fight Against Nuclear Power The U.S. oil industry’s lobbying arm is waging a political war against state subsidies for nuclear power, according to a Monday Axios story. The American Petroleum Institute (API) is opposing attempts by state legislatures to bail out struggling nuclear power plants. The trade group said these … Continue reading Big Oil Ramps Up Its Fight Against Nuclear Power
Energy watchdog warns oil and electricity shortages could develop as investment falls again in 2016 Global investment in the energy sector fell 12 percent last year to $1.7 trillion, according to the International Energy Agency said. A drop in conventional oil exploration could cause a shortage of crude and other fuels, IEA warned. Policies and … Continue reading Energy watchdog warns oil and electricity shortages could develop as investment falls again in 2016
Energy Department cuts forecast for oil prices and 2018 U.S. crude output The U.S. Energy Information Administration on Tuesday cut its outlook for oil prices and trimmed its forecast for how much oil U.S. drillers will pump next year. EIA now sees U.S. West Texas Intermediate crude averaging $48.95 this year, down from last month’s … Continue reading Energy Department cuts forecast for oil prices and 2018 U.S. crude output
Shale Rebound Runs Out Of Steam At $40 Oil The IEA recently predicted that U.S. shale would grow by at least 430,000 bpd this year, plus another 780,000 bpd in 2018. But those heady growth projections are in doubt with oil prices plunging to their lowest levels in ten months. In fact, lower oil prices … Continue reading Shale Rebound Runs Out Of Steam At $40 Oil
Goldman Sachs: Oil Crash Unlikely To Continue The current selloff in energy stocks is but an opportunity for buyers, according to a Thursday note from Goldman Sachs’ European energy team, who added that current prices are likely unsustainable in the long run. “We…see the sell off as an attractive buying opportunity in our favored stocks, … Continue reading #Goldman_Sachs : Oil Crash Unlikely To Continue
$30 Oil Could Spark Contagion In Energy Markets If oil prices continue to fall, the financial damage could start to become a concern. A new analysts from Deutsche Bank finds that the high-yield energy market could start to suffer from contagion if oil prices drop to the mid-$30s. At $35 per barrel, for example, the … Continue reading $30 Oil Could Spark Contagion In Energy Markets
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