Surprise!  Global Oil Demand Is Surging….. While most of the oil market coverage has been focused on the glut of supply what has been missed is that an equally big story has emerged on the demand side of the equation. Global oil demand is surging in response to the drop in...

The last few months have seen a flurry of E&Ps announcing changes to their business strategy, moving from a growth-through-drilling focus toward an income-and-dividend model. These companies realize things are changing in the oil patch. Commodity price forecasts are down and investor euphoria over billion-barrel resource plays is fading. The stocks...

Investors can’t say definitively that the price of oil bottomed in the third week of March, but some very recent data  released by the International Energy Agency (IEA) that supports the premise that a bottom is in.  More on that in a moment. From a low near $43 per barrel...

The Gravis Oil Corporation (GRAVF.OB) recently announced that it had begun steaming a new well pattern in western Missouri.

The North American oil market is going through a fundamental change that will affect the price of oil for the rest of this decade—fast-rising shale oil supplies from North Dakota and Texas. (Other shale oil plays will contribute as well, but none will come close to the revolution happening in...

Magellan Midstream Partners, L.P., a master limited partnership (MLP) formed to own energy assets, announced that its Q311 distribution would be C$0.80 per common unit, which was above the estimates of brokerage firm Wunderlich Securities.

Surge Energy (SGY:TSVX) recently announced that it has drilled a horizontal well located at Valhalla South in Western Alberta which yielded five-day test rates of 1,992 barrels of oil equivalent per day.

The Shale Revolution is strictly a North American game.  Before the Great Commodity Collapse of 2014, it really never found its footing anywhere else in the world. Of all the plays I looked and of the few I covered, only one showed any real promise—the Vaca Muerta oil play in...