The Most Lucrative Real Estate On The Planet

The U.S. wireless market is already mature, so giants like AT&T are looking south, where the revolution is still in the throes of profitability and billionaires are now being minted. But the best opportunity is a $75.6-billion niche market that forms the backbone of the wireless industry. Few investors have even caught on to this segment yet, but three companies in this most profitable niche have already seen crazy 10-year returns, and combined they have risen to a market cap of more than $100 billion—and they’re just getting started.…

Why Is Saudi Arabia Desperate For Higher Oil Prices?

As OPEC’s most significant member and one of the largest crude oil producers in the world, Saudi Arabia typically exerts considerable power over global energy market trends. Yet for the last year, the oil giant has been largely reacting to events outside of its control: surging U.S. shale production, OPEC-member cheating and non-compliance, uncertain demand and a persistent supply glut that has kept prices at or below $50 a barrel. Now, questions are being raised over the state of Riyadh’s big next move: the IPO of Saudi Aramco, the…

Have Natural Gas Prices Hit A Bottom?

Natural gas prices are falling, and the speculators have cut their U.S. natural gas net long positions for the fourth straight week. Does this indicate further weakness, or is this a contrarian buy signal? Let’s analyze the fundamentals and the chart pattern of natural gas to arrive at an answer. Natural gas is mainly used for electricity generation. During summers and winters, the demand for electricity increases, hence, the demand for natural gas goes up. After all, about 50 percent of all U.S. households use natural gas for heating purposes.…

Who Controls The Oil As Kurdish Independence Looms?

Kurdistan, the autonomous region of northern Iraq that is rich in oil resources and has proven an effective force against the spread of the Islamic State, has announced that it will hold an independence referendum on September 25 of this year, in order to determine whether the region will remain part of the Republic of Iraq or split off to form a new, independent state. Thus far, the official international support for the referendum has been minimal. On June 19, the European Union released a statement discouraging the Kurdish autonomous government…

Oil Prices Get Tiny Reprieve As API Reports Modest Crude Draw

The American Petroleum Institute (API) reported a draw of 2.72 million barrels in United States crude oil inventories, compared to analyst expectations that the EIA would report a 2.0-million barrel draw for the week ending June 16. This week’s inventory draw almost completely offsets last week’s API-reported crude inventory build of 2.75 million barrels. Oil prices started off the week with a rather poor showing, only worsening on Tuesday. As so often is the case, prices rallied on Tuesday—if you are inclined to call it a rally—from…

Oil Prices Get Tiny Reprieve As API Reports Modest Crude Draw

The American Petroleum Institute (API) reported a draw of 2.72 million barrels in United States crude oil inventories, compared to analyst expectations that the EIA would report a 2.0-million barrel draw for the week ending June 16. This week’s inventory draw almost completely offsets last week’s API-reported crude inventory build of 2.75 million barrels. Oil prices started off the week with a rather poor showing, only worsening on Tuesday. As so often is the case, prices rallied on Tuesday—if you are inclined to call it a rally—from…

Oil Prices Get Tiny Reprieve As API Reports Modest Crude Draw

The American Petroleum Institute (API) reported a draw of 2.72 million barrels in United States crude oil inventories, compared to analyst expectations that the EIA would report a 2.0-million barrel draw for the week ending June 16. This week’s inventory draw almost completely offsets last week’s API-reported crude inventory build of 2.75 million barrels. Oil prices started off the week with a rather poor showing, only worsening on Tuesday. As so often is the case, prices rallied on Tuesday—if you are inclined to call it a rally—from…

Oil Majors Snatch Up Mexican Oil Blocks

Mexico hosted another oil auction on Monday, auctioning off shallow water oil and gas blocks to international companies. The auction was the latest in a series of offerings related to the country’s historic energy reform, which opened up Mexico’s energy sector to private investment. The latest auction had modest hopes, as the blocks on offer were in shallow water areas, far from the much more sought after deepwater blocks near the U.S. maritime border. But the results exceeded expectations, with a handful of oil majors jumping into…

Normal Operations After Failed Attack At Libya’s Es Sider Port

The Libyan oil port of Es Sider saw a failed attack on Tuesday, ending with the perpetrator’s demise via suicide bomb, according to a security official and a witness who both spoke to Reuters. It is unclear whether the attacker acted alone or as part of a plan by one of the local organizations scheming to wrest control of the major port away from the National Oil Corporation (NOC) and its allies. No damage to the port has been reported. Photos of the site of the explosion, which occurred several miles away from the Oil Crescent port, showed…

Normal Operations After Failed Attack At Libya’s Es Sider Port

The Libyan oil port of Es Sider saw a failed attack on Tuesday, ending with the perpetrator’s demise via suicide bomb, according to a security official and a witness who both spoke to Reuters. It is unclear whether the attacker acted alone or as part of a plan by one of the local organizations scheming to wrest control of the major port away from the National Oil Corporation (NOC) and its allies. No damage to the port has been reported. Photos of the site of the explosion, which occurred several miles away from the Oil Crescent port, showed…