Category

Oil

Top News

Gasoline Prices Are Headed to $4 Per Gallon… and Here's Why

Futures prices for both crude and gasoline were down yesterday. Unfortunately, that barely tells the real story.

Thanks to the growing Sunni insurrection and the rapid unraveling of the Shiite government in Baghdad, you can bet that prices for both crude and gasoline will be making the headlines over the next two months.

As the next-month rates (August 2014) fell in yesterday's trade, oil prices as far out as December 2018 began to spike.

Top News

The Oil "Crisis Spike" Is Just Getting Started

First there was the crisis in Ukraine. Then, seemingly out of nowhere, Iraq exploded into chaos again.

Both testify to one simple truth about today's energy sector: Geopolitical factors are the quintessential wild cards when it comes to estimating energy prices.

As for crude, prices have been subdued both yesterday and this morning following a crisis-related spike. But with two full-blown crises now looming, you can bet that's not going to last.

Oil prices are now likely headed higher.

In this case, supply and demand only works in the textbooks. These days, geopolitical events can quickly outdistance the "market-only" factors.

That's especially true in Iraq, where insurgents of the Islamic State of Iraq and the Levant (ISIL) are still on the move…

Full story

Oil

Crude Oil Prices Soaring on New Attacks in Iraq; Here's Where They're Headed

Crude oil prices are hovering near 52-week highs this morning (Wednesday), following news that Sunni militant fighters have attacked Iraq's main oil refinery in the city of Baiji.

Importantly, today's attack does not impact export production or export routes, but that doesn't mean that the mounting crisis won't have a major impact on crude oil prices today.

Here’s where oil prices are headed as this crisis continues to unfold...

Oil

What's Ahead for Oil Stocks and ETFs as Iraq Turmoil Continues

Oil stocks and oil exchange-traded funds (ETFs) are getting more attention as oil futures close out their biggest weekly gain of the year.

Oil prices rallied for a third consecutive day Friday as Sunni militants continued their advance toward Baghdad, stoking fears that Iraq is headed for civil war and its abundant oil exports could be in jeopardy.

While oil prices will rise, not all stocks will follow. Here's the deal...

Energy Investing

Oil Prices Today and the Iraq Crisis

Oil prices today are approaching $107 a barrel as offenses by Islamic militants in Iraq are causing concerns that Iraq's oil supplies and exports could be slowed of entirely cut off.

The crisis has consumers worrying how high the price of oil will go and how U.S. policies will be impacted.

Money Morning's Global Energy Strategist Dr. Kent Moors appeared on FOX Business' "Countdown to the Closing Bell" yesterday (Thursday) and discussed the potential collapse of Iraq and how that could impact the price of oil and U.S. consumers.

See his take here:

Read More…

Currencies

Time for a Post-Petrodollar Profit Play

Beware of unintended consequences.

That's the advice I'd give Western leaders when imposing sanctions on Russia over the Ukraine crisis.

You see, Putin's been racking up his air miles, hastening the pace to replace the petrodollar.

It's a topic I recently discussed here, along with an investment idea for a "counterattack."

At the end of Putin's two-day trip to China last week, the two nations signed a landmark natural gas supply deal, driving another large nail in the dollar's coffin.

Full Story

Energy Investing

Iran's "Oil Show" Just Revealed a Huge Opportunity

Let's face it: Iran isn't at the top of anyone's list when considering all the profit opportunities out there in the world. At least, not yet…

You see, Iran is changing – and quickly.

Its new political regime at least appears to be increasingly open to the West.

Its old-style buyback contracts with international oil companies have long been considered high-risk with little or no flexibility; they essentially allowed Iran to own the oil company assets and allow the company a stream of profit.

But the isolated nation recently announced the introduction of a new generation of oil contract, one that promises to be considerably friendlier to foreign partners.

Full Story...

Energy Investing

We Struck Oil… Lots of Oil

In December 2013, I let our readers in on a way to invest directly in a new oil and gas drilling venture.

In the time since, I've been spending a great deal of time at the drilling site in South Texas, keeping an eye on the progress.