Venezuela Forced To Shut Down Production As Operations Fall Apart

Authored by Nick Cunningham via OilPrice.com, Every week the crisis in Venezuela takes a turn for the worse… There are now signs that its oil industry is entering a dangerous new phase. Argus Media reports that Venezuela has begun to “proactively shut in oil production to cope…

OPEC’s Dilemma: Demand Destruction Or Production Boost

Authored by Nick Cunningham via OilPrice.com, The early signs of discontent and demand destruction could be forcing OPEC’s hand, but increasing production carries its own risks. OPEC and Russia are considering raising oil production in a few weeks’ time, and while much of the focus…

The Sinister Choreography Of The MH17 Probe To Smear Russia

Authored by Finian Cunningham via The Strategic Culture Foundation, The Dutch-led probe into the 2014 Malaysian airliner disaster has the hallmarks of a psychological operation to frame-up Russia and to justify further sanctions and aggression from the NATO powers. The so-called Joint Investigation Team (JIT) released an…

The Regulations That Could Push Oil Up To $90

Authored by Nick Cunningham via OilPrice.com, International regulations on the fuels used in shipping could tighten the oil market and push prices up to $90 per barrel in the next two years. The International Maritime Organization (IMO) has new rules coming into effect at the…

The Bullish And Bearish Case For Oil

Authored by Nick Cunningham via OilPrice.com, Oil prices could rise due to the “perfect storm of stagnant supply, geopolitical risk, and a harsh winter,” according to an April 12 note from Barclays. Geopolitical events specifically could help keep Brent above $70 through April and May,…

Is OPEC’s Mission “Accomplished”?

Authored by Nick Cunningham via OilPrice.com, OPEC’s goal of draining the global inventory surplus has finally been achieved. The International Energy Agency said in its latest Oil Market Report that the supply overhang has pretty much vanished, thanks to OPEC’s efforts at limiting production. “It…

Venezuela’s Oil Sector May Soon Have New Owners

Authored by Nick Cunningham via OilPrice.com, Venezuela’s oil production fell by another 100,000 barrels per day (bpd) in March, a devastating blow that will only make the country’s economic crisis worse. Output is expected to continue its downward spiral; the only uncertainty is over the pace of…

Why Natural Gas Prices Will Rise This Summer

Authored by Nick Cunningham via OilPrice.com, Record production of natural gas is snuffing out any price rally that might have occurred from the bout of cold weather this winter. The gas market saw a jolt at the end of December and in early January due…