Magna Resources Management Corporation
Partner Log in

Energy News

This regularly updated section will explore the intricacies of the oil and gas industry from various vantage points. If you would like more specific information about Magna Resources, please Contact Us.

 

   Oil Prices Rise on Tightening Global Market Signs

https://www.wsj.com/articles/oil-holds-gains-amid-u-s-production-growth-1526293899

 

   Oil Hedge Fund Manager Says $300 Oil ‘Not Impossible’

https://www.bloomberg.com/news/articles/2018-04-30/oil-hedge-fund-manager-andurand-says-300-oil-not-impossible

 

Private equity poised for oil growth as public companies pull back

https://www.houstonchronicle.com/business/energy/article/Private-equity-poised-for-oil-growth-as-public-12792385.php?t=ae32707022&itx[idio]=6234859&ito=792&itq=390e8f9e-e450-4044-86ac-f138d55d455e

   Private equity firms becoming longer-term players in the oil patch

https://www.chron.com/business/energy/article/Private-equity-firms-becoming-longer-term-players-12798856.php

   Labor shortages in West Texas getting worse

https://www.houstonchronicle.com/business/article/Labor-shortages-in-West-Texas-getting-worse-12790619.php?t=fbb057ef26&ito=792#photo-15307493

 

The oil ghost towns of Texas

https://www.msn.com/en-us/money/markets/the-oil-ghost-towns-of-texas/ar-AAstwYF?li=BBnbfcN&ocid=oie8dlpg

 

In world's hottest oil patch, jitters mount that a bust is near

http://www.msn.com/en-us/money/markets/worlds-hottest-oil-patch-fears-a-bust-is-near/ar-AAsqTju?li=BBnbfcL&ocid=oie8dlpg

 

OLD OIL IS NEW AGAIN

http://petroriveroil.com/media/old-oil-is-new-again/

 

New Oil: The Giddings Gamble

    https://www.texasmonthly.com/articles/new-oil-the-giddings-gamble/

 

OPEC Looks Totally Bewildered By The Oil Market

https://www.bloomberg.com/gadfly/articles/2017-06-25/opec-looks-totally-bewildered-by-the-oil-market

U.S. shale firms more exposed to falling oil prices as hedges expire

http://www.reuters.com/article/us-usa-oil-hedges-idUSKBN1940IL

 

Big Oil revels in Trump victory, expects less red tape

http://www.msn.com/en-us/money/inside-the-ticker/big-oil-revels-in-trump-victory-expects-less-red-tape/ar-AAk6ilb?li=BBnbfcN

 

Oil rises as OPEC promises a production cut is in the cards

http://www.msn.com/en-us/money/markets/oil-rises-as-opec-promises-a-production-cut-is-in-the-cards/ar-AAjZgmF?li=BBnbfcN&ocid=oie8dlpg

Oil price down cycle 'nearing end': Saudi minister

https://www.yahoo.com/news/oil-price-down-cycle-nearing-end-saudi-minister-131220258.html

Oil discoveries at 70-year low signal supply shortfall ahead

http://www.worldoil.com/news/2016/8/30/oil-discoveries-at-70-year-low-signal-supply-shortfall-ahead

Saudi Arabia keeps BHP's shale oil in the ground...for now: Column

http://www.worldoil.com/news/2016/8/16/saudi-arabia-keeps-bhps-shale-oil-in-the-groundfor-now-column

   $60 Is the New $50 for U.S. Oil Drillers Waiting for Rebound

http://www.bloomberg.com/news/articles/2016-07-28/-60-is-the-new-50-for-u-s-oil-drillers-contemplating-rebound

How OPEC lost its iron grip on oil prices

http://www.msn.com/en-us/money/markets/how-opec-lost-its-iron-grip-on-oil-prices/ar-AAgVVVy?li=BBnbfcN&ocid=oie8dlpg

Nymex Crude Settles Above $50 for First Time Since July

http://www.msn.com/en-us/money/markets/nymex-crude-settles-above-dollar50-for-first-time-since-july/ar-BBtXZ1Y?li=BBnb7Kz&ocid=oie8dlpg

 

Oil Prices Rise as Global Outages Curb Supply

http://www.wsj.com/articles/oil-markets-open-up-as-global-outages-curb-supply-1465206869

 

Tom Ward: The 'dirty little secret' about $50 oil

http://www.cnbc.com/2016/05/20/the-dirty-little-secret-about-50-oil-tom-ward.html

 

Oil Markets Balancing Much Faster Than Thought

http://oilprice.com/Energy/Oil-Prices/Oil-Markets-Balancing-Much-Faster-Than-Thought.html

 

Oil at $45 a Barrel Proving No Savior as Bankruptcies Pile Up

http://www.bloomberg.com/news/articles/2016-05-12/oil-at-45-a-barrel-proving-no-savior-as-bankruptcies-add-up

 

Oil Price Spike Is Not As Far Away As Many Think

https://www.yahoo.com/amphtml/finance/news/oil-price-spike-not-far-222000901.html

How most boring CEO in the business lucked into biggest oil patch

http://www.msn.com/en-us/money/markets/how-most-boring-ceo-in-the-business-lucked-into-biggest-oil-patch/ar-BBsUQqb?li=BBnbfcN&ocid=oie8dlpg

The future price of oil? Nobody has a clue

https://finance.yahoo.com/news/the-future-price-of-oil--nobody-has-a-clue-180610324.html

 

Oil rout over, OPEC aims for $50 anchor, says PIRA's Ross

http://mobile.reuters.com/article/idUSKCN0W912K

 

Oil at 2016 high above $40 per barrel after producer price support talk

http://mobile.reuters.com/article/idUSKCN0W9045

 

Oil nears $40 as bets on rising prices hit record highs

http://www.msn.com/en-us/money/markets/oil-nears-dollar40-as-bets-on-rising-prices-hit-record-highs/ar-BBqrbRY?li=BBnbfcN&ocid=oie8dlpg

 

Oil prices expected to recover to around $70 by 2020

http://www.msn.com/en-us/money/markets/oil-prices-expected-to-recover-to-around-dollar70-by-2020/ar-BBqreh4?li=BBnb7Kv&ocid=oie8dlpg

 

Norway taps its oil fund for the first time

http://www.msn.com/en-us/money/markets/norway-taps-its-oil-fund-for-the-first-time/ar-BBqr22t?li=BBnb7Kv&ocid=oie8dlpg

 

Specter of $20 Oil Recedes as Speculators Flee Bearish Bets

http://www.msn.com/en-us/money/markets/specter-of-dollar20-oil-recedes-as-speculators-flee-bearish-bets/ar-BBqpQld

 

Sorry, OPEC: U.S. oil production at 43-year high

http://money.cnn.com/2016/03/01/investing/us-oil-production-near-record-opec/

 

Oil up on Saudi Support, China; Poll Shows Less OPEC Output

http://www.foxbusiness.com/markets/2016/02/29/oil-up-on-saudi-support-china-poll-shows-less-opec-output.html

 

US shale oil drillers are finally buckling

http://www.msn.com/en-us/money/markets/us-shale-oil-drillers-are-finally-buckling/ar-BBq1PZw?li=BBnb7Kz&ocid=oie8dlpg

 

Saudi Oil Minister Surprises OPEC

http://www.msn.com/en-us/money/markets/saudi-oil-minister-surprises-opec/ar-BBpVQ7x?li=BBnb7Kz&ocid=oie8dlpg

 

Not even OPEC saw oil crash coming

http://money.cnn.com/2016/02/22/investing/opec-surprised-by-oil-price-crash/

 

Dow closes up 228 points as oil surges 6 percent

http://www.msn.com/en-us/money/markets/dow-adds-200-points-out-of-correction-as-oil-jumps/ar-BBpO0Jj?li=BBnb7Kv&ocid=oie8dlpg

 

Oil back above $30 as traders mull potential output freeze

http://www.msn.com/en-us/money/markets/oil-back-above-dollar30-as-traders-mull-potential-output-freeze/ar-BBpOCaG?li=BBnbfcN&ocid=oie8dlpg

 

There's one place where OPEC can't broker an oil deal: Texas

http://www.msn.com/en-us/money/markets/there%EF%BF%BD%EF%BF%BD%EF%BF%BDs-one-place-where-opec-can%EF%BF%BD%EF%BF%BD%EF%BF%BDt-broker-an-oil-deal-texas/ar-BBpB1eE

 

Riyadh tells US Shale to slash costs or go bust...

http://790talknow.com/foxfeedspro/details/item_297871/riyadh-tells-us-shale-to-slash-costs-or-go-bust/

 

Oil prices trim gains as Saudi Arabia, Russia agree to output freeze

http://www.msn.com/en-us/money/markets/oil-prices-trim-gains-as-saudi-arabia-russia-agree-to-output-freeze/ar-BBpykxi?li=BBnb7Kz&ocid=oie8dlpg

 

OPEC pleads for Russian alliance to smash oil speculators

http://www.telegraph.co.uk/finance/oilprices/12120946/Opec-pleads-for-Russian-alliance-to-smash-oil-speculators.html

 

Saudis 'will not destroy the U.S. shale industry'

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/12118594/Saudis-will-not-destroy-the-US-shale-industry.html

 

$30 oil is 'irrational' and a rebound is 'inevitble,' according to Saudi Arabia

http://www.businessinsider.com/saudi-arabia-on-crude-oil-prices-2016-1

 

War of words breaks out among OPEC members

http://money.cnn.com/2016/01/12/news/economy/oil-opec-emergency-meeting/index.html

 

Half of US shale drillers may go bankrupt: Oppenheimer's Gheit

http://www.cnbc.com/2016/01/11/half-of-us-shale-drillers-may-go-bankrupt-oppenheimers-gheit.html

 

Pain to gain: Crude prices to triple?

http://www.cnbc.com/2016/01/08/pain-to-gain-crude-prices-to-triple.html

 

U.S. eyes Saudi-Iran feud for impact on oil

http://www.foxnews.com/politics/2016/01/08/saudi-iran-oil-war-could-flood-market-but-will-us-pay-price.html

 

Boone Pickens to Cramer: Oil is close to bottoming

http://www.cnbc.com/2016/01/06/boone-pickens-to-cramer-oil-is-close-to-bottoming.html

 

Shale’s running out of survival tricks as OPEC ramps up pressure

http://www.msn.com/en-us/money/markets/shale%E2%80%99s-running-out-of-survival-tricks-as-opec-ramps-up-pressure/ar-BBnYkEI?li=BBnb7Kx&ocid=TSHDHP

 

China Has Something to Tell OPEC: Oil Prices Have Fallen Too Far

http://www.bloomberg.com/news/articles/2015-12-16/china-has-something-to-tell-opec-oil-prices-have-fallen-too-far

 

OPEC Sees Oil Demand Grow, But Not Enough To Jolt Prices

http://oilprice.com/Energy/Crude-Oil/OPEC-Sees-Oil-Demand-Grow-But-Not-Enough-To-Jolt-Prices.html

 

Relax! History shows oil can't go any lower

http://www.cnbc.com/2015/12/11/relax-history-shows-oil-cant-fall-lower.html

 

Billions of oil barrels vanish in a puff of accounting smoke

http://www.msn.com/en-us/money/inside-the-ticker/billions-of-oil-barrels-vanish-in-a-puff-of-accounting-smoke/ar-AAgdMGi?ocid=TSHDHP

 

Zombies appear in U.S. oilfields as crude plumbs new lows

http://mobile.reuters.com/article/idUSKBN0TT0FA20151210

 

Opec bid to kill off US shale sends oil price down to 2009 low

http://www.theguardian.com/business/2015/dec/07/opec-plan-kill-us-shale-oil-price-down-seven-year-low

 

Yergin: Why oil prices cannot stay this low

http://www.cnbc.com/2015/12/04/yergin-why-oil-prices-cannot-stay-this-low

 

US Shale Oil Producers Pummeled After OPEC Decision

http://news.yahoo.com/shares-u-shale-oil-producers-plummet-opec-decision-163122047--finance.html

 

Why Oil Prices May Be Near a Bottom

http://www.msn.com/en-us/money/markets/why-oil-prices-may-be-near-a-bottom/vi-AAfQRQw

 

Saudi Arabia risks destroying Opec and feeding the Isil monster

http://www.telegraph.co.uk/finance/economics/11989469/Saudi-Arabia-risks-destroying-Opec-and-feeding-the-Isis-monster.html

 

How Much Oil Is Left On Earth?

http://www.msn.com/en-us/video/wonder/how-much-oil-is-left-on-eth/vp-BBmkJPL?ocid=oie8dlpg

 

How Long Can OPEC Hold Out?

http://www.zerohedge.com/news/2015-10-28/how-long-can-opec-hold-out

 

OPEC Is About to Crush the U.S. Oil Boom

http://www.bloomberg.com/news/articles/2015-10-20/after-year-of-pain-opec-close-to-halting-u-s-oil-in-its-tracks

 

Oil Nations Feel the Strain of OPEC's Continuing Price War

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11936525/Oil-nations-feel-the-strain-of-Opecs-continuing-price-war.html

 

Saudi Arabia Loses the Oil War

http://www.breitbart.com/big-government/2015/09/05/saudi-arabia-loses-the-oil-war/

 

THE WILDCATTER'S TALE - 1987 New York Times Article

http://www.nytimes.com/1987/03/01/business/the-wildcatter-s-tale.html?pagewanted=1

 

Millions of Barrels of Oil Are About to Vanish

http://www.msn.com/en-us/money/markets/millions-of-barrels-of-oil-are-about-to-vanish/ar-BBk68Vn

 

Saudi Oil Strategy: Brilliant or Suicide?

http://oilprice.com/Energy/Oil-Prices/Saudi-Oil-Strategy-Brilliant-or-Suicide.html

 

When Will Oil Prices Turn Around? 

http://oilprice.com/Energy/Oil-Prices/When-Will-Oil-Prices-Turn-Around.html

 

Reasons For Hope That Oil Prices Will Rise

http://www.oilandgasinvestor.com/reasons-hope-oil-prices-will-rise-813956

 

OPEC's 'Fragile Five' Face Rising Cost in Fight for Market Share

http://www.bloomberg.com/news/articles/2015-08-18/opec-s-fragile-five-face-rising-cost-in-the-fight-for-oil-market-share

 

Saudi Arabia May Go Broke Before the US Oil Industry Buckles

http://www.telegraph.co.uk/finance/oilprices/11768136/Saudi-Arabia-may-go-broke-before-the-US-oil-industry-buckles.html

 

Oil and Debt Continue to Flow for U.S. Shale

http://www.wallstreetdaily.com/2015/06/13/u-s-shale-producers-debt/

 

Next threat to U.S. shale: Interest expense on $235 billion debt

http://www.worldoil.com/news/2015/6/19/next-threat-to-us-shale-interest-expense-on-235-billion-debt

 

Why Saudi Arabia is Planning Bond Issues

http://video.ft.com/4403238508001/Why-Saudi-Arabia-is-planning-bond-issues/World

 

T. Boone Pickens: U.S. oil to jump tp $70 a barrel by year-end

http://finance.yahoo.com/news/t-boone-pickens--oil-is-back-232324384.html;_ylt=AwrC1CowrENVjHAAdCeTmYlQ;_ylu=X3oDMTByMDgyYjJiBGNvbG8DYmYxBHBvcwMyBHZ0aWQDBHNlYwNzYw--

 

The Shale Debt Redux

http://www.resilience.org/stories/2015-03-24/the-shale-debt-redux

 

$200 billion in debt looms over American oil and gas

https://www.rt.com/business/220619-shale-debt-us-companies/

 

Oil price slump to trigger new U.S. debt default crisis as Opec waits

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11231383/Oil-price-slump-to-trigger-new-US-debt-default-crisis-as-Opec-waits.html

 

QE At Work: Pouring Cheap Debt Into The Shale Ponzi

http://davidstockmanscontracorner.com/qe-at-work-pouring-cheap-debt-into-the-shale-ponzi/