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International Organizations OPEC


  • Oil-Rich Middle-East Running Low on Gas: Analyst Thursday, 30 Jun 2011 | 3:10 AM ET

    With half the world's known reserves of oil and gas sitting in the fields of Saudi Arabia, Abu Dhabi, Qatar and the rest of the region, not many people think of the Middle East as having problems with energy.

  • Schork Oil Outlook: Dollar Bulls and Oil Bulls Wednesday, 29 Jun 2011 | 2:34 PM ET

    In the wake of last Thursday’s surprise announcement from the IEA, the forward curve of the Brent crude oil market has been turned on its head, literally. At the same time, sweet/sour diffs have collapsed.

  • IEA Move Sees Spread Bets Turn Sour for Oil Traders Tuesday, 28 Jun 2011 | 9:54 PM ET
    IEA Oil Reserves

    Many traders and hedge funds are nursing losses after a whiplash reversal in one of the biggest commodity trading trends of the year – a bet on a widening spread between different types of crude oil. The FT reports.

  • Schork Oil Outlook: Questioning The New York Times Tuesday, 28 Jun 2011 | 12:11 PM ET

    A recent article in The New York Times regarding growth prospects for North American shale gas was the talk of the town yesterday. The article in question, called into question, the prospects of shale gas development.

  • IEA Move Seen as 'Teasing,' Not Easing: Analyst Tuesday, 28 Jun 2011 | 12:24 AM ET
    John Licata of Blue Phoenix says the IEA's plan to add more oil to the market is a short-term fix to bring oil prices lower.

    A decision last week by the International Energy Agency (IEA) to release an additional 60 million barrels of oil into the market should be considered quantitative “teasing” than easing, because the move is short-lived, says one analyst.

  • Schork Oil Outlook: Switching to Bullish Bias Friday, 24 Jun 2011 | 11:38 AM ET

    In our book, Saddam’s annexation of Kuwait and devastation to the U.S. refinery epicenter are emergencies.

  • Stocks Rise as Bulls Look Beyond Volatility Friday, 24 Jun 2011 | 7:19 AM ET

    After a volatile session on Thursday as the International Energy Agency unveiled plans to release strategic reserves in a bid to push oil prices lower, stocks look set for a strong end to the week.

  • oil_reserves_140.jpg

    The release of an emergency supply of oil to the market has received a mixed response from experts, with some arguing that the high oil prices seen in recent months have held back economic recovery while others say it reflects a political struggle.

  • NN_c_suite_200.jpg

    Kevin Book: SPR Decision Is a Message to OPEC and Speculators

  • Gas Pump

    Gasoline prices should drop more quickly now that governments are stepping in to pump up world oil supplies, but drivers are still unlikely to see last summer's levels below $3 a gallon.

  • Schork Oil Outlook: Gasoline Market Is Backwardated Thursday, 23 Jun 2011 | 12:57 PM ET

    Gasoline supplies in the U.S. ticked down last week. According to yesterday's weekly update from the DOE, total supplies of gasoline fell by 0.46 MMbbls or -0.2%. Current supplies of 214.6 MMbbls stand comfortably atop the seasonal range.

  • Why The White House and Fed Can’t Fix the Economy Thursday, 23 Jun 2011 | 12:37 PM ET

    The news that 60 million barrels of oil will be released into the global energy markets is really about the White House finally recognizing what millions of American families already know: the economy is still too weak, the recovery too slow, and they need to try something new.

  • How the Strategic Petroleum Reserve Works Thursday, 23 Jun 2011 | 11:49 AM ET

    FAQs on IEA, Oil, and the Strategic Petroleum Reserve

  • Gulf Markets Remain Attractive Amid Turmoil: Experts Thursday, 23 Jun 2011 | 3:14 AM ET
    Dubai Palm Island

    Despite political uncertainty induced by recent social turmoil, the Arabic Gulf region can remain attractive to Western investors, experts told CNBC on Wednesday.

  • Schork Oil Outlook: Congress Attacks Oil Bogeyman—Again Wednesday, 22 Jun 2011 | 11:23 AM ET

    Here is what we think the FTC is going to find… nothing, zilch, nada, no evidence whatsoever of market manipulation. After all, the days of Standard Oil are long gone. We are pretty sure Senator Rockefeller is aware of that.

  • Schork Oil Outlook: Time to Sell Natural Gas? Tuesday, 21 Jun 2011 | 4:46 PM ET

    Whereas temperatures in the western third of the country posted one of the coldest Mays on record, Texas notched its 21st warmest month. Markets along the eastern seaboard, from Virginia to Maine, posted one of the warmest Mays on record.

  • Schork Oil Outlook: Buy Into Weakness Below $90 Monday, 20 Jun 2011 | 1:50 PM ET

    The mid $90s had been an area that attracted buying interest ever since Middle East experts began incorporating the contagion noun in their repertoire back in February.

  • As oil drops to its lowest price in four months, a former president of Shell USA Operations cautions that this decrease is the "pause that refreshes" and that oil will increase again due to a pick up in demand and an insufficient supply to meet it.

  • Saudi Women Take the Wheel for Change Friday, 17 Jun 2011 | 3:14 AM ET

    Saudi women are planning to take to the streets on Friday, not to push for democratic reforms, as has been a common theme in the Arab Spring, but for the right to drive.

  • Schork Oil Outlook: Time to Go Long WTI? Thursday, 16 Jun 2011 | 9:18 AM ET

    Given that we have been short WTI a heck of lot more times than we have been long on it this year, that question almost seems absurd to us.