Production Cuts Are a Lousy Panacea for Broken Oil Markets
As many expected, OPEC announced on Nov. 30 that it will extend its Crude Oil (CRUDE OIL COMDTY) production cuts through the end of 2018. But the...
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WTI Crude Back Under Pressure from Keystone Pipeline Restart
WTI crude futures flipped back into contango at the front end of the time curve at Monday's settle (November 27) after a one-day dalliance with...
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US Crude Benchmark WTI Flips into Backwardation – Is It Ready for a Bull Market?
The NYMEX WTI crude futures curve flipped into backwardation this week, breaking a three-year uninterrupted spell of contango. The front two...
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US Crude Output Becomes an Unlikely Wildcard for Oil Market
For anyone needing an informed view on crude’s price band in the short- to medium-term, getting a handle on the trajectory of US tight oil...
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Halliburton: Ripe For A Rebound
Two weeks ago, Halliburton announced its Q3 results, beating estimates both at revenue and earnings level. Commenting on the results, Jeff Miller,...
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