The vicious collapse in oil prices has the S&P 500 energy sector experiencing its worst performance in a risk-off cycle since 2008. Trouble may be brewing in energy credits even as ETF investors stand their ground. ... Read More
The U.S. is closing in on Russia as the world's top crude oil producer.... Read More
We're starting to see more upside for oil prices. We continue to eye a scenario where converging economic growth rates push Treasury yields higher and the U.S. dollar lower. The confluence of a weaker dollar, stronger metals and rallying industrial equities would be bullish for oil. ... Read More
Stability in oil prices belies shifts in both U.S. shale and global supplies. U.S. shale is shifting northward as the Permian Basin sees persistent oversupply discounts. Changes in production for at-risk nations offset - for now. ... Read More
Global supply jitters are making headlines as Iran faces a faster-than-expected drop in oil exports. ... Read More
WTI crude oil is back at fair value and markets are shifting focus back to the debate between slower growth and tighter supplies. Investors are shunning broad energy sector exposure in favor of specific industries with clearer tailwinds. ... Read More
Refiners are enjoying windfall profits as oversupply discounts widen in the Permian Basin and Western Canada. The industry is likely to remain an investor favorite as these tailwinds persist into next year. ... Read More
Excess oil production is returning to the forefront. After refusing to chase oil prices higher in the wake of temporary supply outages, other financial markets are still pointing to lower prices. ... Read More
Oil markets are expecting higher prices for longer. ... Read More
Supply disruptions and escalating rhetoric about sanctions on Iran have sent crude oil prices soaring, but the reaction among other financial markets has defied expectations. ... Read More
Escalating trade tensions threaten to remove U.S. shale access to export markets and constrain critical supplies for improving pipeline capacity. U.S. shale producers face a potentially dire scenario where oil prices rise but inland production can't reach the buyers. ... Read More
Surging production and the ramping up of liquified natural gas export terminals present another opportunity for the U.S. to become a global player in liquified natural gas, but deteriorating NAFTA negotiations present a major threat. ... Read More
Oversupply concerns and shrinking geopolitical risk premiums have taken crude oil off its highs. Signs of weakening demand point to more downside risk for oil prices. ... Read More
An end to the OPEC agreement to cut oil production is in sight, only the terms are up for debate. Concerns over global supplies have driven markets to look past signs of weakening demand. ... Read More
Shale producers have been content to let it ride, hedging only 16% of 2019 production at an average of $60 per barrel. A looming end to OPEC's production cuts may change their tune. ... Read More
Search traffic and negative economic surprises show weakening consumer demand. High gas prices driven by global oil supply concerns may take a bite out of the rest of the retail sector. ... Read More
The end of the Iran nuclear deal presents an exit strategy for OPEC's production cuts. The dual threat of uncontrolled collapse of production in Venezuela and renewed sanctions on Iran will force Saudi Arabia and OPEC to change course. ... Read More
Overflowing U.S. shale production is finding its way onto railcars as production exceeds pipeline capacity. Uncertainty about the Iranian deal has a May 12 expiration date. ... Read More
OPEC does its best to rationalize ongoing production cuts but has little control over the collapse in Venezuela or renewed sanctions against Iran. Rising oil prices are offering U.S shale producers an opportunity to hedge production for 2019 with positive cash flows. Slowing global growth and extreme bullish positioning raise the stakes for oil bulls betting on supply disruptions. ... Read More
Operating environments for pipeline operators in Texas and Western Canada could not be more different. The implications for capital investment are clear and likely long-lasting. ... Read More