Home » Posts tagged 'oil price collapse' (Page 29)
Tag Archives: oil price collapse
Oil heads for seventh weekly loss as supply glut drags
Oil heads for seventh weekly loss as supply glut drags (Reuters) – Oil prices headed for a seventh straight weekly loss on Friday, with key producers showing no sign of cutting output in the face of a global supply glut. Global oil benchmarks hit their lowest since 2009 this week and are down more than […]
Oil Losses Force Norway to Consider Measures to Back Economy
Oil Losses Force Norway to Consider Measures to Back Economy Norway is considering tapping reserve funds to shield westernEurope’s biggest oil producer from the worst slump in crude prices in more than half a decade. Prime Minister Erna Solberg said the government is now “on alert” to respond to the rout. “If the economic situation requires […]
Cowen: Global Oil and Gas Exploration Spending to Slide 17%
Cowen: Global Oil and Gas Exploration Spending to Slide 17% HOUSTON, Jan 7 (Reuters) – The world’s oil and gas exploration companies are expected to cut capital expenditures 17 percent this year as a deep slump in crude oil prices takes a toll on budgets, according to a survey by Cowen and Company released on […]
One Region That Could Benefit Most From Low Oil Prices
One Region That Could Benefit Most From Low Oil Prices The current low price of oil so far has been a mixed blessing for the world economy. Some countries, such as the poor OPEC member Venezuela, are hurt by the price drop. Many others benefit, in most cases simply because their businesses and consumers pay […]
Oil Production Vital Statistics January 2015
Oil Production Vital Statistics January 2015 Another ‘guest post’ by Euan Mearns at Energy Matters. I thought that, given developments in oil prices, we can do with some good solid numbers on production. Euan Mearns: This is the first in a monthly series of posts chronicling the action in the global oil market in 12 key charts. […]
Saudi War On Shale Goes Nuclear – “No Chance OPEC Will Cut Output” Even With Brent Under $50
Saudi War On Shale Goes Nuclear – “No Chance OPEC Will Cut Output” Even With Brent Under $50 For those hoping that the recent brief dip in Brent crude below $50 – most notably Venezuela’s intrepid socialist leader Nicolas Maduro whose numbered days get shorter with every day Brent closes red, and countless bondholders of junk- […]
Oil and the Economy: Where are We Headed in 2015-16?
Oil and the Economy: Where are We Headed in 2015-16? The price of oil is down. How should we expect the economy to perform in 2015 and 2016? Newspapers in the United States seem to emphasize the positive aspects of the drop in prices. I have written Ten Reasons Why High Oil Prices are a Problem. If […]
Mounting Debt For Oil Drillers
Mounting Debt For Oil Drillers In recent years oil exploration companies have taken on more debt in order to finance their operations. The level of debt in the upstream sector – excluding integrated oil companies like ExxonMobil – hit $199 billion at the end of 2014, a 55 percent increase since 2010, according to the Wall […]
Canada Posts Trade Deficit In November, And It Turns We Had One In October, Too
Canada Posts Trade Deficit In November, And It Turns We Had One In October, Too OTTAWA – Canada had a larger-than-expected trade deficit in November as a drop in crude oil and bitumen led a broad decline in exports. Statistics Canada said Wednesday that the country posted a merchandise trade deficit of $644 million in […]
Global Economy At Risk From Oil Price Dive
Global Economy At Risk From Oil Price Dive NEW HAVEN: Oil shocks four decades ago transformed the world economy and geopolitical landscape, and the latest oil crisis threatens to do the same. The price of oil hovered near $100 per barrel during the past three years, and the recent vertiginous fall in price to near […]
US Sees Huge Energy Opportunity In Europe
US Sees Huge Energy Opportunity In Europe If 2015 is anything like 2014 we can expect a wild ride. Oil price volatility – including its downward trend – will linger well into the first and second quarters as global production persists and key conflicts in Eastern Europe and the Middle East show no end. For […]
2015: The Year We Turn Away from Tar Sands
2015: The Year We Turn Away from Tar Sands In 2014 Naomi Klein popularized the term “blockadia” in her book This Changes Everythingusing the term as a sort of catch-all to describe the grassroots insurgency emerging across the globe in the face of extreme energy development. This past year also saw the continued desperate push by tar […]
Canada: A Microcosm Of The Ultimate Effect Of Low Oil Prices?
Canada: A Microcosm Of The Ultimate Effect Of Low Oil Prices? Canada’s economy, lately driven in large part by oil, is a classic example of the old see-saw axiom: Downward pressure in one place creates upward pressure in another. In this case, the bad news of low oil prices for the provinces of Alberta, Newfoundland […]
2015: Asymmetric Oil Warfare
2015: Asymmetric Oil Warfare Let’s consider some examples of potential asymmetric-warfare tactics as they relate to the price of oil. The world has habituated to the never-ending undeclared war over ownership and access to hydrocarbons. Now we are entering a new phase of asymmetric war being waged not over oil but the price of oil. Many observers see a […]
The First Shale Casualty: WBH Energy Files For Bankruptcy; Many More Coming
The First Shale Casualty: WBH Energy Files For Bankruptcy; Many More Coming “There are too many ugly balance sheets,” warns one energy industry analyst, adding simply that “the group is not positioned for this downturn.” While the mainstream media continues to chant the happy-clappy side of lower oil prices, spewing various ‘statistics’ about how the down-side of low […]
