Oil Buyers Guide

Exxon Momentum Slows, Volume Declines

July 22, 2014

After suffering a heavy correction in January of this year, Exxon has resumed its rally and has reached higher highs. Chart trendlines show momentum has now slowed. Price seems to have hit resistance and while continuing to make higher lows, looks to be consolidating. Volume, shown in the lower panel, is decreasing, supporting

Exxon Mobil RSI Signals Upward Channel May Be Broken

July 15, 2014

Exxon Mobil has been in an upward trend channel since the middle of April. However, the Relative Strength Index shows some cause for concern of a change. There is divergence with the RSI making lower highs while price has made higher highs. So far, RSI has found support at the bullish 40 level

Lukoil Formed Market Top and Sends Bearish Technical Signals

July 1, 2014

Lukoil OAO is entering a downtrend after having just formed a market top. The price and RSI indicator both break out from support levels, and the RSI also fails to find support at the bearish overbought range. The Vortex Indicator is also starting to converge to form a bearish signal. Expect continued downward

Shale and the Economy

April 30, 2014

In this SPECIAL EDITION: The combination of hydraulic fracturing and horizontal drilling to unlock gas and oil reserves in U.S. shale has put the country back on course to be one of the world’s largest oil producers, reshaping everything from its geopolitical relationship with Russia to the GDP of oil-producing

Oman’s $3 Billion Rail Plan To Blunt Hormuz Risk

February 6, 2014

Oman, which faces Iran across the Strait of Hormuz, said it’s poised to start raising cash for a $3 billion rail line offering an alternative route for oil and freight shipments. The nation is considering issuing bonds by the end of 2014 to kick-start funding for the track, said Abdulrahman

Oil Buyer’s Guide 2013 Review

January 24, 2014

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Alaska Coastal Oil Appeal Could Delay Drilling

January 23, 2014

Alaskan coastal drilling by oil companies including ConocoPhillips and Royal Dutch Shell Plc may be further delayed after a federal appeals court ruled the government acted illegally in opening almost 30 million acres on the continental shelf for oil drilling. The Sierra Club and other organizations sued the government after

Statoil Said to Eye Deals as Norway Loosens Grip

January 9, 2014

Statoil is studying overseas acquisitions, according to people familiar with the matter. Encouraged by Norway’s newly elected conservative government that’s considering reducing the state’s 67 percent stake, Statoil is examining takeovers that would allow it to diversify away from Norway while diluting the state’s $51 billion shareholding. Read sample article.