5 Stocks Set To Soar In The Cybersecurity Boom

The Equifax breach exposed the credit of nearly 150 million people, almost half of the entire U.S. population. In this day and age, it seems almost impossible to keep up with countless ways in which your personal security can be compromised online. But this is just the beginning. Cybercrime is becoming more sophisticated, more widespread, and affecting more people and businesses. The economic damage from cybercrime could exceed $6 trillion by 2021, making it a much larger illicit business than the entire worldwide illegal drug trade. That figure…

Continue reading »

Saudi Corruption Crackdown Topples Oil Kingpins

Saudi Crown Prince Mohammad bin Salman’s unexpected crackdown has shattered the tranquility of the kingdom. After Saturday’s news emerged that a long list of high-profile Saudi royals, military leaders and multi-billionaires were arrested or confined to their quarters, all seemed to be only an implementation of the crown prince’s open threat that “no-one is above the law, whether it is a prince or a minister.” The current list of arrests include names like Saudi billionaire Prince Al-Waleed bin Talal, one of the most…

Continue reading »

Can We Expect An Oil Price Correction Soon?

Oil prices touched a more than two-and-a-half-year high this week, but have faltered mid-week. Market sentiment is more bullish than it has been in a long time, but the risk of falling back is still very much alive. There has been a series of market forces that have come together, all at just the right time, to push Brent up into the mid-$60s per barrel. Falling inventories, near-unanimity from OPEC to extend the production cuts, a slowdown in U.S. shale, bullish positioning from oil traders and some unexpected unrest in the Middle East. Taken…

Continue reading »

Trudeau, Where Is Your Back Up Plan For The Arctic Ban?

When Canada’s federal government issued a five-year moratorium on oil and gas drilling in the Arctic at the end of last year, the environmentalist community rejoiced, just as it did in the United States, when the Obama administration did the same. Everyone seemed sure the move would bring benefits to everyone. Or perhaps they just didn’t really care that there are communities heavily dependent on the oil and gas industry for their livelihood. Now, the Prime Minister of Canada’s Northwester Territories has slammed Ottawa for its…

Continue reading »

Blockchain Isn’t The Only Tech Disrupting Global Energy

Digital disruption may be one of the most overused buzzwords these days, but the world is going increasingly digital and disruption is everywhere—we have drones delivering pizzas and home gadgets connected to our phones. Digitalization has so profoundly changed our lives that it’s inevitable that’s also transforming all industries and the ways product manufacturers and service providers and consumers interact. The energy sector is no exception to this trend, and is seeing various changes in production and distribution thanks to…

Continue reading »

U.S. Output Hits All-Time High

Government data indicates American output hit an all-time high last week, signaling the resilience of North American drilling as oil prices begin another recovery. The U.S. produced 9.62 million barrels of oil per day through November 3rd, the Energy Information Administration (EIA) said today, overtaking the previous high that occurred back in June 2015. The agency’s Petroleum Status Report from last week said exports hit an all-time high at two million bpd as well. The combined effect of the reports sent West Texas Intermediate…

Continue reading »

Citi: Don’t Expect OPEC To Extend Production Cuts

Citigroup predicts that companies planning to profit off of an OPEC deal extension next month are setting themselves up to be disappointed. So far, most hedge funds bet that Brent futures will rise as a result of an agreement extension that will extend 1.2 million barrels per day worth of cuts through 2018. The bloc’s November 30th meeting in Vienna may not deliver its public promises though, the bank says. “There is an exuberance in the market about there being a done deal to extend through the end of 2018 and I think there’s…

Continue reading »

Senators Call For Investigation Of Enbridge Pipeline

U.S. Senators Debbie Stabenow and Gary Peters of Michigan are raising serious concerns about the conditions of Enbridge’s Line 5 Pipeline running through the Straits of Mackinac and are seeking a federal investigation to determine if Enbridge has complied with reporting and safety standards. Following reports that Enbridge did not disclose problems in the protective coating of Line 5 for more than three years, the Senators are asking the Pipeline and Hazardous Materials Safety Administration (PHMSA) “to determine whether Enbridge committed…

Continue reading »

Senators Call For Investigation Of Enbridge Pipeline

U.S. Senators Debbie Stabenow and Gary Peters of Michigan are raising serious concerns about the conditions of Enbridge’s Line 5 Pipeline running through the Straits of Mackinac and are seeking a federal investigation to determine if Enbridge has complied with reporting and safety standards. Following reports that Enbridge did not disclose problems in the protective coating of Line 5 for more than three years, the Senators are asking the Pipeline and Hazardous Materials Safety Administration (PHMSA) “to determine whether Enbridge committed…

Continue reading »

Senators Call For Investigation Of Enbridge Pipeline

U.S. Senators Debbie Stabenow and Gary Peters of Michigan are raising serious concerns about the conditions of Enbridge’s Line 5 Pipeline running through the Straits of Mackinac and are seeking a federal investigation to determine if Enbridge has complied with reporting and safety standards. Following reports that Enbridge did not disclose problems in the protective coating of Line 5 for more than three years, the Senators are asking the Pipeline and Hazardous Materials Safety Administration (PHMSA) “to determine whether Enbridge committed…

Continue reading »