Barclays

Oil Boom Shifts The Landscape Of Rural North Dakota

The issue of exporting US crude oil – essentially banned since the 1970’s energy crisis – is gaining steam, as US domestic oil production volumes increase to levels few thought possible just a few years ago. Amid this environment of surging incremental production, certain high-profile industry and high-ranking government officials soften to the idea of… Keep reading →

Endangered Blue Whales Spotted Off California Coast

Rising oil output in the US has already begun to alter the traditional price relationship between US and international crudes, and continued production growth could lead to a domestic glut of certain grades, adding to pressure to lift restrictions on crude exports. The stunning turnaround in the US’ oil fortunes has made plenty of headlines,… Keep reading →

Oil Prices Hit Historic High On Weak Dollar

While next year’s oil prices may be lower than this year’s, a sharp downturn in prices is not in the cards in 2014, according to Barclays analysts. “The oil market is in the midst of a turning point for fundamentals,” wrote Barclays analysts in a note to clients today. Non-Opec supply growth will exceed global… Keep reading →

Crude Oil Carrier Hijacked By Somali Pirates

The possibility of a rapprochement in nuclear talks between the US and Iran – though they did not produce a deal - had fueled a degree of oil market optimism about Iran’s reinstatement as a global oil supplier. But even if negotiations had proved successful, political and logistical hurdles would likely have stalled any significant return… Keep reading →

NATO Summit Lisbon 2010 - Day 2

Canadian security agencies have been briefing representatives of energy companies who have obtained high-level security clearances, according to freedom of information documents obtained by the Guardian. “Meetings were officially billed to discuss ‘threats’ to energy infrastructure but also covered ‘challenges to energy projects from environmental groups’, ‘cyber security initiatives’ and ‘economic and corporate espionage’.” [Guardian]… Keep reading →

Arrival of Heads of Delegations for G20 Leaders Summit

Domestic Saudi Arabian oil consumption increasingly cuts into oil exports, reducing the valuable revenue those exported barrels provide, which funds the country’s current account surplus. Subsidized domestic prices incentivize direct burning crude to generate power needed to cool a growing Saudi population. As the Kingdom shifts more to natural gas for power generation – freeing… Keep reading →

Stocks End Day Flat, As EU Bailout Plan Continues To Affect Markets

“There has rarely been a more compelling time to invest in energy,” said Barclays analysts in their latest Global Energy Outlook, released this morning. Here are four key takeaways: Oil price risk has swung from downside to upside, thanks to geopolitical risk.  Geopolitical risk has supplanted US production growth as the big global story in… Keep reading →

Northeast Debates Benefits And Dangers Of Hydrofracking

The US Northeast has traditionally been saddled with some of the country’s highest natural gas prices. But with production growth in the region exceeding expectations, a resulting gas glut could push regional prices down below those at other trading points around the US, according to Barclays. Barclays data shows that output from the Marcellus shale,… Keep reading →

Israeli Stock Market Reacts To News Of Ariel Sharon's Health

Early indications of the direction the newly activist Federal Energy Regulatory Commission are deeply worrying, not just for the power industry but for the entire economy, as well as for the future of the agency’s own necessary and important work in overseeing the evolving US electricity sector. Not many people cry for banks when regulators… Keep reading →

Offshore Drilling Could Return To California If Lawmakers Approve Budget

A rise in well permitting in recent weeks seems to point to robust drilling activity in the second half of this year, according to Barclays. The bank monitors permitting data in 30 states, which has been on an upward trajectory of late. Onshore drilling permit activity showed a 4% increase month-over-month in June, adjusted to… Keep reading →

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