Energy

Stick with oil, it could be the “trade of the year,” according to Citigroup Inc. The outlook for crude isn’t all bad, even as prices head for the worst start to a year since 1991 and there are dire warnings of the world drowning in supply. Forecasters from UBS Group AG to Societe Generale SA [...

Oil rallied, capping the biggest two-day advance in more than seven years after a slump to a 12-year low prompted some investors to buy back record bearish bets. Front-month futures jumped 21 percent after the February contract expired Wednesday at $26.55 a barrel, the lowest settlement since 2003. ...

FIG Tree Capital Ventures (FIG), a Texas-based Oil and Gas investment firm, with projects in The Williston Basin (Bakken/Three Forks Shale) of North Dakota, The Woodbine Formation of South East Texas, The Cotton Valley/Bossier Haynesville of East Texas, and The Edwards Lime of Central Texas, announc...

Many parts of the U.S. stock market look expensive these days, but prices have fallen dramatically in the energy sector from over $100 a barrel in the summer to under $50 now. Private equity firms are raising vast sums of money to buy oil assets on the cheap. Blackstone Group (BX) alone launched a $...

It is too late for OPEC to stop the shale revolution. The cartel faces the prospect of surging US output whenever oil prices rise. If the oil futures market is correct, Saudi Arabia will start running into trouble within two years. It will be in existential crisis by the end of the decade. The contr...

Philanthropist and billionaire private equity professional David Rubenstein has told CNBC that oil prices will bounce back over time and will make carbon-related energy assets one the best additions to any investor’s portfolio. Speaking from Johannesburg, the co-founder and co-chief executive ...