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Tag Archives: oil price
How Much Oil Production Will The Saudis Cut?
How Much Oil Production Will The Saudis Cut? Donald Trump continues to take credit for lowering oil prices. Donald J. Trump ✔@realDonaldTrump So great that oil prices are falling (thank you President T). Add that, which is like a big Tax Cut, to our other good Economic news. Inflation down (are you listening Fed)! Trump’s […]
The Biggest Losers Of The Current Oil Price Slump
The Biggest Losers Of The Current Oil Price Slump The ongoing slump in oil prices, which has seen crude fall so sharply from the 52-week high set in October that $1 trillion has been wiped off energy stocks, will cut deep into the pockets of major producers like Saudi Arabia, Russia, Nigeria and Angola. As the world heads into […]
Oil Sends A “Crude Warning”
Oil Sends A “Crude Warning” As with many Americans, I am on the road with the family making the traditional holiday rounds. Of course, my family is more “The Griswolds” than “The Waltons. but even with all of the antics, comedy, and occasional drama, it is always an enjoyable time of the year. However, I did […]
No! Falling Crude Oil Prices Are Not Good For Emerging Markets Like India
No! Falling Crude Oil Prices Are Not Good For Emerging Markets Like India Indian media and Portfolio managers always like to spin a bullish story and the current bullishness stems from the collapse in oil price. After all, rising oil prices for a country which imports almost all of its oil requirement is bad for […]
Oil Crashes To One Year Low, Brent Below $60 As Saudis Pump Record Crude
Oil Crashes To One Year Low, Brent Below $60 As Saudis Pump Record Crude Update: U.S. CRUDE EXTENDS LOSSES, TRADES DOWN MORE THAN $4 A BARREL TO SESSION LOW OF $50.63 A BARREL BRENT FALLS BELOW $60/BBL FOR FIRST TIME SINCE OCT. 2017 * * * The first time oil tumbled two weeks ago when […]
Economic Turmoil Could Send Oil Even Lower
Economic Turmoil Could Send Oil Even Lower Global financial markets are once again throwing up some warning signs, as the selloff in equities entirely erased the gains made in U.S. stock markets for 2018. The economic and financial turmoil could bleed over into a broader slowdown, which raises pitfalls for oil prices. The risks to […]
Oil Prices Tank As Supply Glut Fears Return
Oil Prices Tank As Supply Glut Fears Return Oil prices collapsed on Tuesday for the second time in a week. During midday trading, WTI fell below $55 per barrel and Brent dropped below $65 per barrel. Both benchmarks are off more than $20 per barrel from their October highs. “Oil prices are under pressure in […]
Global Oil Price Deflation 2018 and Beyond
Global Oil Price Deflation 2018 and Beyond Photo Source wongaboo | CC BY 2.0 One of the key characteristics of the 2008-09 crash and its aftermath (i.e. chronic slow recovery in US and double and triple dip recessions in Europe and Japan) was a significant deflation in prices of global oil. After attaining well over […]
Trump Claims Victory As Oil Prices Plummet
Trump Claims Victory As Oil Prices Plummet Oil prices are now down over 20 percent from recent highs, and President Trump knows exactly where the credit for that belongs. “If you look at oil prices they’ve come down very substantially over the last couple of months,” President Trump said in a news conference last week. […]
TAR SANDS OPERATIONS GO FROM BAD TO WORSE: Now Losing Billions A Month
TAR SANDS OPERATIONS GO FROM BAD TO WORSE: Now Losing Billions A Month The situation at Canada’s Alberta Tar Sands Operations has gone from bad to worse as the super-low oil price is now costing the industry billions of dollars each month. Unbelievably, the price for the Western Canadian Select heavy oil fell to a […]
Saudis Cut Oil Exports To U.S. To Boost Crude Prices
Saudis Cut Oil Exports To U.S. To Boost Crude Prices Saudi Arabia has been slashing oil exports to the United States over the past two months, in what looks like a move to force a reduction in the world’s most transparently reported inventories that could put the Saudis on a collision course with U.S. President […]
Is An Oil Supply Crunch Inevitable?
Is An Oil Supply Crunch Inevitable? Global oil demand will peak by 2040, according to a new report, although oil supply shortages could emerge before then. The International Energy Agency (IEA) published its highly-anticipated World Energy Outlook 2018 on Tuesday, one of the most important energy forecasting reports published each year. In this year’s Outlook, […]
Oil Rallies On Report OPEC+ Will Do “Whatever It Takes”, May Cut By 1.4MM Barrels
Oil Rallies On Report OPEC+ Will Do “Whatever It Takes”, May Cut By 1.4MM Barrels One day after Saudi Arabia revealed that it had not complied with its production quota in October for the first time since OPEC’s November 2016 meeting in Vienna, Reuters sent oil prices into the green with a report that OPEC […]
Saudis Scramble To Stop Oil Price Slide
Saudis Scramble To Stop Oil Price Slide Saudi Arabia is moving quickly to halt the slide in oil prices, telegraphing a production cut intended to erase some of the re-emerging supply surplus. Saudi oil minister Khalid al-Falih said on Monday that the kingdom would slash oil exports by 500,000 bpd in December, a move that […]
