oil price trends

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Crude Oil Prices Today Soar on Iraq and OPEC

By Diane Alter, Contributing Writer, Money Morning - June 12, 2014

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 $112.34

Here's the major news moving these prices higher today – and for continuing weeks...

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Crude Oil Prices Today Soar on Iraq and OPEC

By Diane Alter, Contributing Writer, Money Morning - June 12, 2014

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 $112.34

Here's the major news moving these prices higher today – and for continuing weeks...

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

By Peter Krauth, Resource Specialist, Money Morning - May 21, 2014

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

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - May 20, 2014

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.

How to Profit When Oil and Gas Stocks Hit the Bargain Rack

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - May 14, 2014

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

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - April 30, 2014

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)

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - April 24, 2014

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

By Peter Krauth, Resource Specialist, Money Morning - April 21, 2014

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

By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - April 16, 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

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - April 4, 2014

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...

Chevron's (NYSE: CVX) Annual Analyst Meeting Warns of Lingering Shifts in LNG Prices, Oil Prices

By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - March 11, 2014

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...

U.S. Oil Futures Today: Watch Them Soar on These Two Factors

By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - March 3, 2014

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

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - March 1, 2014

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...

Why the Rising Tide in Oil Hasn't Been as Good for Offshore Drilling Ventures

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - February 26, 2014

The spread between West Texas Intermediate (WTI) and Brent continues to narrow.

Thanks to additional new U.S. pipeline capacity and the growing volume of oil product exports from American refineries, the glut of excess storage at Cushing, Okla., is shrinking.

This ongoing glut has been the single biggest reason why WTI trades at a discount to Brent. As I write this, WTI is approaching $104 a barrel and Brent $111.

With crude oil prices continuing to rise, you would think that would be good news for both onshore and offshore drilling ventures.

But it's just not so, at least in the short term...

These Top LNG Stocks Trounced the Markets in January 2014

By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - February 12, 2014

The broader markets had a dismal month of January - the Dow Jones Industrial Average was down 5.3% and the S&P 500 dipped 3.6% - but these liquefied natural gas (LNG) stocks all boasted strong returns.

The outlook for LNG stocks continues to look bright as well. Increased demand for natural gas in China, the increased supply of shale gas in the United States, and the high number of export facilities awaiting approval for construction in the United States are all bullish signs for LNG investors.

These five LNG stocks vastly outperformed the markets in January and have room to continue upward...

To continue reading, please click here...

Why the Keystone XL Crude Oil Pipeline Deal Is Far from Done

By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - February 4, 2014

Late Friday afternoon, the Keystone XL crude oil pipeline cleared one of its biggest hurdles.

In its Final Environmental Impact Statement, the U.S. Department of State concluded that completing the pipeline's northern leg would not have a major impact on global greenhouse gas emissions.

It just needs to get past these last political hurdles...