Home » Posts tagged 'oil price collapse' (Page 16)
Tag Archives: oil price collapse
Don’t Believe The Hype On U.S. Shale Growth
Don’t Believe The Hype On U.S. Shale Growth The OPEC Free Fall There is a popular narrative going around that I want to address in today’s article. Last November, after several months of plummeting crude oil prices, the Organization of the Petroleum Exporting Countries (OPEC) met to discuss the oil production quotas for each country […]
Canadian Economy More Damaged By Oil Prices Than Expected
Canadian Economy More Damaged By Oil Prices Than Expected Canada’s oil industry has had a rough couple of months with production and exports taking a hit. Low oil prices are cutting into the profits of major producers. Producing from Alberta’s oil sands is costly and requires a high oil price to justify the expense. In […]
Delayed gratification for OPEC, more pain for investors
Delayed gratification for OPEC, more pain for investors Delayed gratification is said to be a sign of maturity. By that standard OPEC at age 55 demonstrated its maturity this week as it left oil production quotas for its members unchanged. It did so in the face of oil prices that are about 40 percent lower than they […]
OPEC is frying bigger fish than just Canada’s oilsands
OPEC is frying bigger fish than just Canada’s oilsands OPEC keeping the taps wide open, letting Saudi Arabia pick off many birds with one stone OPEC’s masterminding of the world oil market is leaving Canada to wonder where exactly our reeling energy industry fits within the scheme of the cartel’s strategic thinking. By leaving its production […]
OPEC oil glut is shattering Harper’s superpower dream
OPEC oil glut is shattering Harper’s superpower dream Producers’ brinksmanship has worked, and Canada is cutting production In the battle to see who blinks first, OPEC hasn’t blinked. And it looks like it isn’t going to, as it meets this week in Vienna. Six months ago the Organization of the Petroleum Exporting Countries, led by Saudi Arabia, […]
Asian Financial Sector Hit Hard By Low Oil Prices
Asian Financial Sector Hit Hard By Low Oil Prices Cheap oil can often be a double edged sword. On the one hand, it has been beneficial for the emerging global economies of India and China, who seized the opportunity to expand their strategic petroleum reserves (SPR), while on the other hand, it has created an […]
Oil-price drop impact on Canada lessened thanks to foreign ownership
Oil-price drop impact on Canada lessened thanks to foreign ownership Finance department memo says foreign ownership of energy sector higher than reported by StatsCan Canada has been partly insulated from the sharp drop in oil prices because so much of the energy sector is foreign owned, says an internal Finance Canada document. The Feb. 20 […]
Drilling Efficiency To Keep Oil Prices Low
Drilling Efficiency To Keep Oil Prices Low Economics 101 tells us that prices in a free market are set by the interaction of supply and demand. The world oil markets have gotten a graphic lesson in that truth over the last year, as the dramatic surge in US oil production has met stagnant demand. This, […]
OPEC Struggling To Keep Up The Pace In Oil Price War
OPEC Struggling To Keep Up The Pace In Oil Price War Some market watchers, such as Cornerstone Analytics (CA), have consistently stated that the underestimation of demand, coupled with over-estimation of supply, will mask the growing call on OPEC oil in the second half of this year. CA recently noted that global demand outstripped supply […]
Oil Prices Will Fall: A Lesson In Gravity
Oil Prices Will Fall: A Lesson In Gravity The oil price collapse is not over yet. It is more likely that the Brent price could fall back into the mid-$50 range than that it will continue to rise toward $70 per barrel. That is because oil prices have risen based on sentiment alone. The fundamentals […]
This May Just Be The Start Of The Oil Price War Says IEA
This May Just Be The Start Of The Oil Price War Says IEA Saudi Oil Minister Ali al-Naimi may be one of the most powerful individuals in the global oil industry. After all, as the top oil official in arguably the world’s most influential oil-producing country, he has enormous influence. But for all his power, […]
Are We Witnessing The Beginning Of The End For Fossil Fuels?
Are We Witnessing The Beginning Of The End For Fossil Fuels? Bloomberg recently declared the era of fossil fuels irrevocably in decline: “The world is now adding more capacity for renewable power each year than coal, natural gas, and oil combined. And there’s no going back.” The sea change in how we power our economies officially […]
Bank of America forecasts another rate cut in Canada
Bank of America forecasts another rate cut in Canada Gloomy outlook for Canadian economy sees loonie pushed to 73 cents Bank of America, one of the U.S.’s biggest banks, says the Bank of Canada may have to cut its key lending rate again later this year. Bank of America says Canada’s economy will underperform the […]
The US-Saudi war with OPEC to prolong oil’s dying empire
The US-Saudi war with OPEC to prolong oil’s dying empire Whoever controls the price of oil can play god with the global economy – that’s why the US and Saudi Arabia are leading the way to smash OPEC and re-create a new global oil cartel “No one can set the price of oil,” said Saudi oil minister […]
Global oil glut grows to 2 million barrels a day as OPEC pumps more
Global oil glut grows to 2 million barrels a day as OPEC pumps more International Energy Agency predicts oversupply of refined fuel, but points to rising demand Fresh data on worldwide crude production shows the global glut of oil is growing with Saudi Arabia’s production near record highs, according to the International Energy Agency. And […]
