Crude Oil Prices Today Soar on Iraq and OPEC
Crude oil prices spiked $2.13 to $106.53 Thursday morning, putting the commodity at levels not seen since September 2013.
Brent crude, meanwhile, rose as much as 2.2% to $112.34Here's the major news moving these prices higher today – and for continuing weeks...
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...
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.Now, there's news to report. Great news... It's a gusher!
How to Profit When Oil and Gas Stocks Hit the Bargain Rack
Over the past week, oil and gas stocks have been quite volatile. But that's not bad news - not by a long shot.
In fact, this is always the time when energy investors should be on the hunt for bargains.And there's one approach that works especially well in this situation...
Why the Oil Price "Spread" Is Getting Tighter
The oil price spread between West Texas Intermediate and Brent is tightening again.
As of this morning, this spread stood at 7.2% of the WTI rate (the more accurate way to register its impact in the U.S. market).
And as this oil price spread continues to narrow, it promises to create some direct consequences for energy investors.Here's what's behind it, and what investors need to know moving forward...
Gas Prices Are Heading Up (and the Sector That Will Benefit)
The price of gasoline in the U.S. is on the rise again.
Futures prices for RBOB ("Reformulated Blendstock for Oxygenate Blending"), the NYMEX futures contract for gasoline, are up over 11% for the year, and a full 6.6% of that increase has come in the past month.
In fact, gas is up 2.4% over the past week alone. Today, the average retail price is 4 cents higher per gallon than a year ago.
And you can bet that as we move into the "official" start of the summer driving season, the worst is yet to come. Prices will be headed even higher.
So with all the hoopla surrounding our newfound oil wealth and our legitimate move to become energy self-sufficient in as little as a decade, why are gas prices still climbing?Let me explain...
Pump Prices Are Rising Quickly: Counterattack Now
Since the early 1970s, most major oil deals have been transacted in "petrodollars."
But that system has become increasingly challenged in recent years.
The conflict in Ukraine right now has only served to exacerbate things.
As America leads the charge to impose Western sanctions on Russia, it's a plan that's not only backfiring, but leading to opportunities for those who understand the consequences...Full Story...
The Eagle Ford Shale Will Boost These Oil Stock Prices in 2014
The Eagle Ford shale formation in Southern Texas is experiencing an unprecedented oil boom. With a daily output of more than 1.36 million barrels, it's the largest oil formation in the U.S.
It's helping make the U.S. the world's top oil producer and making oil companies even richer in the process.For investors, that production will have a profound impact on these three oil stock prices in 2014...
This Texas Play Has All the Components of a Massive Energy Investing Winner
Marina and I returned home from Houston late Wednesday night. After trips to London and Mexico City, we were tired to say the least... but also very excited.
That's because our latest trip allowed us to spend several days visiting the initial drilling sites for Money Map Project #1 in South and East Texas.To continue reading, please click here...
This "Forbidden" Market Is About to Crack Open
I'll be making a major presentation at a Bloomberg advisory session on the recent opening of the Mexican energy markets.
After operating as a monopoly for 76 years, Mexico is now set to dismantle all the barriers to foreign investment in its oil fields.
And the topics I am going to discuss this week in Mexico City go well beyond what's immediately south of the border.All of these developments offer significant upside for investors...
Chevron's (NYSE: CVX) Annual Analyst Meeting Warns of Lingering Shifts in LNG Prices, Oil Prices
Chevron (NYSE: CVX), the nation's second-largest oil company and the world's fourth-largest energy producer by market value, cut expectations for its 2017 production by 6.1% at its annual security analyst meeting today (Tuesday), citing a drop in LNG prices and an increase in oil prices.
Over the last several months, the petrochemical company, along with industry competitors, has been shelling out huge amounts of cash to raise natural gas and oil production.To continue reading, please click here...
Why Oil Prices Are Up Today
Oil prices are up today (Thursday) for the first time in three days for the following two reasons.
New York's main contract and oil price benchmark West Texas Intermediate (WTI) for April delivery rose $0.11 to $101.56 a barrel, after reaching as low as $100.13 a barrel in intraday trading. The volume of all futures traded was around 42% over the 100-day average.To continue reading, please click here...
Why Disrupted Ukraine Gas Pipelines Won't Send Gas Prices Skyrocketing
Oil and gas prices shot up this week on fears that the Ukraine gas pipelines will be disrupted during Ukraine's conflict with Russia.
Yesterday (Monday), gas futures climbed up 10% in early trading - the biggest rise in two years. The benchmark price for oil rose more than 2%.To continue reading, please click here...
U.S. Oil Futures Today: Watch Them Soar on These Two Factors
Today (Monday), U.S. oil futures hit a five-month high on fallout from the Ukraine conflict, further supported by inclement weather across the United States.
On the New York Mercantile Exchange (NYMEX), West Texas Intermediate (WTI) crude for delivery in April rose to a session high of $104.65 a barrel, the highest since Sept. 23.To continue reading, please click here...
- The Energy Potential in Ukraine's Troubles Few people realize that a major part of the crisis in Ukraine is energy-related - and very messy. And it will make any resolution that much more difficult. But just as concerning is what this crisis will do to the global energy markets...