Edward Morse, the global head of commodities research at Citi Group, gave a bullish outlook for global oil markets Sunday, saying that current inventories were at a “constructive” level. Read More...

Libya’s eastern military leader has ordered his forces to march on Tripoli, sparking concerns that open war could soon break out between the main political factions in a key oil-producing nation. Read More...

Oil inched toward the $70-a-barrel mark in London and then stumbled Wednesday, after a report showed U.S. crude supplies rising by the most since January and production reaching a record. Read More...

Oil prices rose to fresh highs for the year on Tuesday, after a U.S. official said Washington is considering more sanctions on Iran and a key Venezuelan export terminal halted operations. Read More...

Oil prices fell on Thursday, extending losses into a second straight session, after widely watched data showed a surprising increase in U.S. stocks. Read More...

Oil prices slipped Wednesday morning, interrupting a recent rally with news of sharply increased U.S. crude stockpiles released by the American Petroleum Institute Tuesday night. Read More...

The complex web of U.S. pipelines, tanks and export terminals that’s helped make America the world’s top oil producer is causing a headache for some crude buyers. Read More...

Oil prices eased from 2019 peaks on Friday as economic growth concerns weighed on sentiment, pausing a three-month rally driven by OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela. Read More...

OPEC and other major oil producers on Monday canceled a meeting planned for April, leaving the alliance’s price-boosting production cuts in place until at least June. Read More...

OPEC on Thursday cut the forecast of global demand for its crude this year as rivals boost production, building a case to extend a supply-cutting deal with Russia and other allies beyond the first half of 2019. Read More...

Oil prices rose on Friday as markets tightened amid output cuts by producer club OPEC, but surging U.S. supply and a global economic slowdown prevented crude from climbing further. Read More...

Chesapeake Energy shares surged this week after the company reported estimate-beating Q4 earnings and revenue expectations.CHK forecasts 2019 oil production to rise ~32% to 116K-122K bbl/day while capex is expected to remain roughly flat at $2.3B-$2.5 billion and cash flow is seen coming in really strong. 

Brent oil edged up to $65 a barrel on Tuesday as Saudi Arabia and the rest of OPEC were expected to stick to their policy of cutting production, despite renewed pressure from U.S. President Donald Trump. Read More...

The chart shows a downward trend with an interesting trend line and the company’s fundamentals are unusual as well. Looking at the daily chart we see that the stock gapped lower back on October 23.The drop in the stock on that day caused the stock to drop below its 50-day moving average. The Tickeron AI Prediction tool generated a bearish signal on the stock on February 19 and that signal came with a confidence level of 65%.

Shares of Devon Energy soared as much as 15% to its highest in three months, after the company announced the sale of its Canadian and Barnett Shale assets and raised its dividend. Analysts are divided in their opinions regarding the exact value of the Canadian asset sales.This uncertainly is due the fact that Alberta is currently facing forced production curbs designed to draw down a crude oil glut, coupled with a lack of long-term pipeline takeaway capacity in western Canada. Canadian oil sands companies like Imperial Oil, Canadian Natural, Husky Energy, and Suncor Energy are the usual suspects according to analysts to make purchases of DVN’s assets.

OPEC fell just short of its production goal in January, as a fresh round of output cuts from the 14-nation producer group got under way. Read More...

During just six months crude oil prices ripped higher by about 20 percent, plunged more than 40 percent and snapped back 25 percent, an intense volatility that analysts warn could be the new normal in the oil market. Read More...

Global oil prices fell again on Monday after U.S. data sparked fresh concerns about a slowdown in the global economy and rising crude supplies in the United States. Over the past couple of weeks, oil markets experienced a positive outcome as prices rose to $64 a barrel, following supply cuts by the OPEC countries, especially Saudi Arabia, as well as sanctions against Venezuela’s oil exports. But this rise was short-lived as prices fell again on Monday. Brent crude oil, the global benchmark for oil, had hit $63.30 a barrel before the start of the trade on Monday – the highest since early December, but as the trading started Brent lost 24 cents to stand at $62.51 around 1:30 p.m. ET. On the other hand, West Texas Intermediate crude also experienced its best intra-day high of $55.75, since November 21, 2018.But it was down by 75 cents or 1.4% to stand at $54.51 around 1:30 p.m.

Natural gas prices spiked on Monday as the market realized that cold in the U.S may persist longer, increasing heating demand and putting pressure on gas stockpiles. Natural gas futures for February increased by more than 16 % on Monday to settle at $3.591/MMBtu.Hotter-than-usual late summer temperatures and an unanticipated cold fall increased demand for cooling and heating last year, causing natural gas stockpiles hit their lowest level in over a decade. But following the forecast of return of cold weather conditions, coupled with a prolonged cold period and natural gas inventories still hovering 15% below its five-year average, natural gas prices seem likely to move higher in the coming days.

Shares of Chesapeake Energy surged nearly 10% last Wednesday after the oil and gas company reported strong production outlook for the fourth-quarter. CHK’s revised strategy to focus on oil production and to move away from gas finally paid off, after the Oklahoma-based oil producer said that it expects the total production to hover somewhere in-between 462,000 and 464,000 barrels of oil equivalent (BOE) per day for the December ending fourth-quarter.FactSet consensus expected the production to touch 448,000 BOE per day. CHK further added that it expects oil production to range between 86,000 to 87,000 barrels (bbls) of oil per day, compared to FactSet consensus of 85,200 bbls per day.