Astro AwaniIraq Doses The Market With OilForbesThat is especially true because of the extremely low cost of producing oil in Iraq, thought to be the cheapest in the world and usually put around $5 a barrel. Even peak oil advocates have tended to see Iraq a …

Oil Prices Will Fall: A Lesson In GravityOilPrice.comThe oil price collapse is not over yet. It is more likely that the Brent price could fall back into the mid-$50 range than that it will continue to rise toward $70 per barrel. That is because oil prices …

ForbesFormer Top Lehman Brothers Banker Skip McGee Sees Opportunity In Troubled Oil ...ForbesHugh 'Skip' McGee, a former top Lehman Brothers investment banker who played a hand in some of the biggest oil and gas mergers over the past decade is form …

Financial TimesEnergy groups take knife to $100bn of spending after oil routFinancial TimesThe research by consultancy Rystad Energy shows that producers have targeted some of the highest-cost areas as they have trimmed spending, with nine Canadian oil san …

ForbesSustained Oil Price Rally Won't Materialize Anytime SoonForbesIf the general trajectory of oil futures benchmarks over the past fortnight is anything to go by, it has yet again become quite clear that without a supply response, an oil price rally …

NBCNews.comNew Federal Rules Aim to Stop Fiery Oil Train CrashesNBCNews.comIn an effort to stop a string of fiery train crashes, the federal government today passed new rules overhauling the way North America moves crude oil by rail. The regulations requir …

BBC NewsSaudi Arabia shakes up state oil firm AramcoBBC NewsSaudi Arabia's state oil company is to be separated from the oil ministry as part of a wider restructuring. The move was approved by the Supreme Economic Council, which was set up by King Salm …

ForbesIs Crude Oil's Rally For Real?ForbesIn my last crude oil update, I showed that both WTI and Brent crude oil were trading in a three month old range that needed to be broken in either direction to signal the start of the next move. In recent weeks …

Lessons In Oil Price ForecastingForbesWhen I published a working paper in 1992 at MIT called “The Fog of Commerce: The Failure of Long-Term Oil Market Forecasting,” many thought the lesson was that forecasting the long-term price of oil couldn't be don …

ForbesOil Prices Won't Recover Without Significant Increase In DemandForbesThe demand destruction caused by years of high prices will be far harder to reverse than in the past thanks to a mix of technological advancements and government mandates limiti …