Top 3 Best Performing Small-Cap Oil Stocks
Top 3 Best Performing Small-Cap Oil Stocks
Oil prices rallied to their highest levels in two and a half years after OPEC+ recently agreed to extend its historic production cuts. On Monday morning, WTI was trading at $71.66 per barrel while Brent crude was changing hands at $73.49, levels they last touched in 2018.e
2021/06/25 15:31
Oil And Gas Companies Set For Record Free Cash Flow This Summer
Oil And Gas Companies Set For Record Free Cash Flow This Summer
With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate record-breaking free cash flows (FCF) in 2021, a Rystad Energy report projects. Their combined FCF is expected to surge to $348 billion this year, with the previous high being $311 billion back in 2008.
2021/06/25 15:28
Analysts Expect OPEC+ To Raise Oil Supply From August
Analysts Expect OPEC+ To Raise Oil Supply From August
The OPEC+ alliance is widely expected to decide next week to further ease the collective production cuts, but the additional supply from August will likely still be less than the supply deficit on the market, analysts and traders told Bloomberg in a survey.
2021/06/25 15:24
Fracking Pioneer Hamm: $100 Oil ‘’Sure Is Possible’’
Fracking Pioneer Hamm: $100 Oil ‘’Sure Is Possible’’
$100 a barrel oil “sure is possible,” Harold Hamm, executive chairman at Continental Resources, told FOX Business on Thursday, commenting on oil prices and supply and demand on the oil market.
2021/06/25 15:13
Solid oil demand is driving up the spot crude prices in every part of the world.
Oil Prices Set To Head Even Higher As Market Tightens
Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally catching up with the recent rally in the paper market.
2021/06/24 10:30
Oil Climbs Higher On Bullish EIA Data
Oil Climbs Higher On Bullish EIA Data
Oil prices jumped further today after the Energy Information Administration reported a crude oil inventory draw of 7.6 million barrels for the week to June 18.
2021/06/24 10:21
Will Canada’s Oil Sands Survive The Green Revolution?
“Canadian oil industry’s carbon emissions are among the world’s highest for every barrel of oil it pumps,” Reuters reported this week. A typical barrel of oil derived from the thick crude bitumen that naturally occurs in the Albertan oil sands (an energy-intensive process) emits three to five times more greenhouse gas emissions than the global average.
2021/06/24 10:08
Oil Prices Hit Multi-Year High Following Iranian Elections
Oil Prices Hit Multi-Year High Following Iranian Elections
Crude oil prices clambered upward on Monday afternoon as the market feared that Iran nuclear talks may be stalled after hardliner Ebrahim Raisi won the Iranian presidential election.
2021/06/23 14:20
Can The Middle East Survive Without Oil?
Can The Middle East Survive Without Oil?
Gulf oil producers are finding it difficult to diversify their economies away from their biggest export revenue contributor, and it may take them at least a decade to make any progress on this. This is what Moody’s forecast in a recent report, as quoted by Reuters, noting that this reliance on oil revenues would be the “key credit constraint” for the six members of the Gulf Cooperation Council: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
2021/06/23 14:10
How Much Oil Can Saudi Arabia Really Produce?
How Much Oil Can Saudi Arabia Really Produce?
For decades, the true numbers relating to Saudi Arabia’s level of crude oil reserves and production have been a subject of much debate and confusion, not helped by the obfuscation from the Saudis over precisely what these numbers are. The reason for obfuscation is that Saudi Arabia’s only source of real power in the world begins and ends with its oil reserves and production, so the higher these numbers, the more the power, and the lower the number the less the power.
2021/06/23 12:01
China Reports Major Oil And Gas Find At Record Depths
China Reports Major Oil And Gas Find At Record Depths
China National Petroleum Corporation has made an oil and gas discovery with reserves estimated at 900 million tons, Chinese media reported.

The discovery was made after six years of exploration work in the Tarim Basin in the Xinjiang Uygur Autonomous Region, northwestern China. The geology of the formation is challenging, the report said, requiring ultra-deep drilling, at a record 8,470 meters.
2021/06/22 10:52
Oil Prices Surge Amid Supply Decline Expectations
Oil jumped by the most in a month amid a weaker dollar and as key timespreads surged with expectations for further supply declines at the biggest storage hub in the U.S.
2021/06/22 10:11
Top 3 Best Performing Small-Cap Oil Stocks
Top 3 Best Performing Small-Cap Oil Stocks
Oil prices rallied to their highest levels in two and a half years after OPEC+ recently agreed to extend its historic production cuts. On Monday morning, WTI was trading at $71.66 per barrel while Brent crude was changing hands at $73.49, levels they last touched in 2018.e
Oil And Gas Companies Set For Record Free Cash Flow This Summer
Oil And Gas Companies Set For Record Free Cash Flow This Summer
With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate record-breaking free cash flows (FCF) in 2021, a Rystad Energy report projects. Their combined FCF is expected to surge to $348 billion this year, with the previous high being $311 billion back in 2008.
Analysts Expect OPEC+ To Raise Oil Supply From August
Analysts Expect OPEC+ To Raise Oil Supply From August
The OPEC+ alliance is widely expected to decide next week to further ease the collective production cuts, but the additional supply from August will likely still be less than the supply deficit on the market, analysts and traders told Bloomberg in a survey.
Fracking Pioneer Hamm: $100 Oil ‘’Sure Is Possible’’
Fracking Pioneer Hamm: $100 Oil ‘’Sure Is Possible’’
$100 a barrel oil “sure is possible,” Harold Hamm, executive chairman at Continental Resources, told FOX Business on Thursday, commenting on oil prices and supply and demand on the oil market.
Solid oil demand is driving up the spot crude prices in every part of the world.
Oil Prices Set To Head Even Higher As Market Tightens
Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally catching up with the recent rally in the paper market.
Oil Climbs Higher On Bullish EIA Data
Oil Climbs Higher On Bullish EIA Data
Oil prices jumped further today after the Energy Information Administration reported a crude oil inventory draw of 7.6 million barrels for the week to June 18.
Will Canada’s Oil Sands Survive The Green Revolution?
“Canadian oil industry’s carbon emissions are among the world’s highest for every barrel of oil it pumps,” Reuters reported this week. A typical barrel of oil derived from the thick crude bitumen that naturally occurs in the Albertan oil sands (an energy-intensive process) emits three to five times more greenhouse gas emissions than the global average.
Oil Prices Hit Multi-Year High Following Iranian Elections
Oil Prices Hit Multi-Year High Following Iranian Elections
Crude oil prices clambered upward on Monday afternoon as the market feared that Iran nuclear talks may be stalled after hardliner Ebrahim Raisi won the Iranian presidential election.
Can The Middle East Survive Without Oil?
Can The Middle East Survive Without Oil?
Gulf oil producers are finding it difficult to diversify their economies away from their biggest export revenue contributor, and it may take them at least a decade to make any progress on this. This is what Moody’s forecast in a recent report, as quoted by Reuters, noting that this reliance on oil revenues would be the “key credit constraint” for the six members of the Gulf Cooperation Council: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
How Much Oil Can Saudi Arabia Really Produce?
How Much Oil Can Saudi Arabia Really Produce?
For decades, the true numbers relating to Saudi Arabia’s level of crude oil reserves and production have been a subject of much debate and confusion, not helped by the obfuscation from the Saudis over precisely what these numbers are. The reason for obfuscation is that Saudi Arabia’s only source of real power in the world begins and ends with its oil reserves and production, so the higher these numbers, the more the power, and the lower the number the less the power.
China Reports Major Oil And Gas Find At Record Depths
China Reports Major Oil And Gas Find At Record Depths
China National Petroleum Corporation has made an oil and gas discovery with reserves estimated at 900 million tons, Chinese media reported.

The discovery was made after six years of exploration work in the Tarim Basin in the Xinjiang Uygur Autonomous Region, northwestern China. The geology of the formation is challenging, the report said, requiring ultra-deep drilling, at a record 8,470 meters.
Oil Prices Surge Amid Supply Decline Expectations
Oil jumped by the most in a month amid a weaker dollar and as key timespreads surged with expectations for further supply declines at the biggest storage hub in the U.S.

Oil And Gas Companies Set For Record Free Cash Flow This Summer

2021/06/25 15:28
Oil And Gas Companies Set For Record Free Cash Flow This Summer

With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate record-breaking free cash flows (FCF) in 2021, a Rystad Energy report projects. Their combined FCF is expected to surge to $348 billion this year, with the previous high being $311 billion back in 2008.

Rystad Energy estimates that total gross revenue for all public upstream companies is expected to increase by almost $500 billion in 2021, or 55% compared to last year (excluding hedging effects). At the same time, the investment level of these companies is only expected to grow by around 2% in 2021, resulting in significantly higher profits.

A key reason for the all-time-high FCF is the turnaround in the US tight oil industry. Historically, this industry has struggled to generate positive returns, but this could change in 2021. We estimate that all public tight oil companies will to make close to $60 billion in FCF this year, before hedging effects.

The conventional onshore supply segment is in line to earn the highest level of FCF this year at close to $160 billion – but is still behind the record touched in 2011. Both deepwater and offshore shelf are recovering this year, each ending up with close to $60 billion in FCF. However, tight oil is expected to surpass both these offshore segments in 2021.

“Oil demand has gradually increased after the initial shock of the Covid-19 pandemic, and OPEC+ continues to hold back volumes from the market. The consequent high price movement has been further supported by a slow ramp-up in US tight oil activity. In conjunction with the persisting low investment environment, E&Ps are enjoying super-profits,” says Espen Erlingsen, head of upstream research at Rystad Energy.

The FCF comeback means more surplus cash for E&P companies and historically there has been a strong link between FCF and activity levels. Merger and acquisition (M&A) activity has recovered in 2021, with transaction values increasing by around 30% compared to 2020. New projects are also making a comeback: The amount of greenfield investment that has been sanctioned as of June has already matched the full year 2020 total, and we expect the full 2021 level to be double that of last year.