What is Contango? With the recent drop in crude oil prices, there have been a lot of news stories covering interest in storage plays and demand for storage, both on land and using waterborne cargo vessels. This is driven by a Contango market pricing structure where prompt crude oil prices are below those in the […]
Energized! #006 : OTC Spotlight Issue
Hello all, Happy Friday and welcome to Energized, your weekly look into the geopolitics, news, and happenings of energy markets. Today, we are releasing our very first Spotlight issue! Spotlight issues will circulate on the 3rd Friday of every month. The focus will be on a particular conference, exhibit, or subject matter occurring or buzzing […]
1000 Members!
We at EKT Interactive are excited to reach an important milestone in the development of our oil and gas learning community. Last week we reached 1,000 members and the number is growing daily! As we have all seen with the growth of internet communities, the value in reaching these membership milestones is exponential. We are […]
Oil News Week in Review – Feb 21, 2015
Bucking the Trend Crude oil prices ended lower this week despite a further decline in the rig count. Recent weeks had shown a familiar trend where oil prices declined on inventory data just to rise again at the end of the week on the rig count. Crude oil inventories did indeed build once again, up […]
Oil News Week in Review – Feb 13, 2015
Right back where we started In a see-saw week for oil prices, we end the week basically where we started. Oil prices slid mid-week after the EIA weekly report showed another build in crude oil inventories of almost 5 million barrels. As the report states, “US Crude oil inventories are at the highest level for this […]
Oil News Week in Review – Feb 6, 2015
The Bulls are Back Following last weeks Baker Hughes rig count numbers, crude oil prices staged a rally late last week and into this week. The markets showed their jittery nature when EIA statistics showed that inventories continued to build to the tune of another 6.3 million barrels. This was enough of a […]
Oil News Week in Review – Jan 30, 2015
Much like last week’s oil news review, it seems an end of week headline will grab the top spot. Keystone XL Moves Forward Well, we’ll see how far forward. The Senate took a big step in approving the Keystone XL bill. To this point, the White House continues to threaten a veto of anything that […]
Oil News Week in Review – Jan 23, 2015
King Abdullah Dies at Age 90 All other oil news stories got bumped down a notch when this news broke late Thursday. King Abdullah was a seen as a great US ally and a reformer of Saudi Arabia. ~ NPR’s All Things Considered offers this backstory about the life of King Abdullah. ~ Adding to instability […]
Oil News Week in Review – Jan 16, 2015
Heads Begin to Roll Oil company headcount and oil prices go hand in hand. After the hiring spree of the last few years these oil news headlines don’t come as much surprise, but our hearts really go out to those starting off 2015 with this challenge. ~Schlumberger confirms 9,000 layoffs coming. ~This comes after Haliburton axes […]