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Tag Archives: oil price collapse
Oil Price Pain: Who’s Next After Emerging Markets And Fracking?
Oil Price Pain: Who’s Next After Emerging Markets And Fracking?. The price of oil has sunk almost 50% since June with West Texas Intermediate crude slipping below $60 a barrel last week and Brent falling below the same level on Tuesday. “Yippee!” I hear you say, “cheap gas and a drop in inflation!” Well, yes […]
The Archdruid Report: Déjà Vu All Over Again
The Archdruid Report: Déjà Vu All Over Again. Over the last few weeks, a number of regular readers of The Archdruid Report have asked me what I think about the recent plunge in the price of oil and the apparent end of the fracking bubble. That interest seems to be fairly widespread, and has attracted many of […]
Cheap Oil: Too Much Of A Good Thing? | Jaya Bajpai | LinkedIn
Cheap Oil: Too Much Of A Good Thing? | Jaya Bajpai | LinkedIn. The 40% drop in oil prices over the past 6 months has garnered a lot of attention recently, most of it focused on the economic stimulus lower oil prices should provide the global economy, the impact on currency and fixed-income markets and […]
“It’s A Huge Crisis” – The UK Oil Industry Is “Close To Collapse” | Zero Hedge
“It’s A Huge Crisis” – The UK Oil Industry Is “Close To Collapse” | Zero Hedge. t seems like only yesterday when back on October 11, we first explained – and previewed – the collapse of oil courtesy of the secret deal between the US and Saudi Arabia. However, it seems like only this morning when we […]
Comstock Suspends Drilling In Eagle Ford Due To Plunging Oil Prices | Zero Hedge
Comstock Suspends Drilling In Eagle Ford Due To Plunging Oil Prices | Zero Hedge. Shale 0 – Saudi Arabia 1 Following one after another major and shale company announcing plans to trim capex (even as they miraculously still get to keep their revenue and EPS projections intact, for now), the latest victory handed to Saudi […]
Oil resumes slide after brief rebound on short-covering | Reuters
Oil resumes slide after brief rebound on short-covering | Reuters. (Reuters) – Global crude prices fell again on Thursday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a supply glut. Benchmark Brent and U.S. crude each fell more than $1 a barrel to session […]
Nigeria Proposes Budget Cuts as Oil Plunge Depletes Revenue – Bloomberg
Nigeria Proposes Budget Cuts as Oil Plunge Depletes Revenue – Bloomberg. Nigeria proposed cutting next year’s budget by 8 percent and lowered its growth estimate as falling global crude prices erode government revenue ahead of a Feb. 14 presidential election. Expenditure was trimmed to 4.36 trillion naira ($23.3 billion) in 2015, while the economy will probably […]
“Oil May Drop To $25 On Chinese Demand Plunge, Supply Glut, Ageing Boomers” | Zero Hedge
“Oil May Drop To $25 On Chinese Demand Plunge, Supply Glut, Ageing Boomers” | Zero Hedge. We have forecast since mid-August that Brent oil prices would fall to “$70/bbl and probably lower”, and the US$ would see a strong rise. As Chart 1 shows, Brent has now reached our target, falling 40%, whilst the US$ […]
OPEC Denies Price War, Shows Faith In Markets
OPEC Denies Price War, Shows Faith In Markets. OPEC Secretary-General Abdullah al-Badri is urging the cartel’s 12 members to maintain production and exploration despite a lower demand for oil. Yet al-Badri told an energy conference in Dubai on Dec. 14 that he is as baffled as anyone why the price of oil has dropped by […]
This Is Why the Oil-Price Crash Will Maul the US Economy | Wolf Street
This Is Why the Oil-Price Crash Will Maul the US Economy | Wolf Street. The plunge in the price of oil that began in July acts like a tax cut, it is said, and will boost spending by consumers and businesses, and thus goose the US economy. Among the voices propagating this view is the UBS […]
Great Unwind of Oil-and-Gas Junk Bonds to Defund Fracking? | Wolf Street
Great Unwind of Oil-and-Gas Junk Bonds to Defund Fracking? | Wolf Street. The price of oil plunged once again off the chart on Monday and early Tuesday. At one point, West Texas Intermediate traded below $54 per barrel, though it soon bounced off. Crude is down nearly 50% since June. And over-indebted energy companies with cash flows that range […]
Oil price drop means lost billions for Canada, CIBC says – Business – CBC News
Oil price drop means lost billions for Canada, CIBC says – Business – CBC News. The dramatic decline in oil prices will cost Ottawa about $5 billion in lost revenue and provincial economies a little more than that, one of Canada’s biggest banks suggested today. That’s one of the main takeaways from a CIBC report that […]
How Will US Fed React To Low Oil Prices
How Will US Fed React To Low Oil Prices. Falling oil prices are the newest wrench in the Fed’s decision making, but the effect might seem counter-intuitive. Since the Fed’s last meeting in October, oil prices have fallen 25%. With a meeting scheduled for this week, markets have two major questions about the Federal Open […]
We must face the fact that houses could be the next oil: Don Pittis – Business – CBC News
We must face the fact that houses could be the next oil: Don Pittis – Business – CBC News. Recent reassuring comments about the Canadian housing market remind me of similar blandishments when oil prices began to fall. I wouldn’t want to overemphasize the parallels between houses and petroleum. Indeed, there are many differences in the […]
Why 1998 Was Different, and Same, to Emerging-Market Crisis Now – Bloomberg
Why 1998 Was Different, and Same, to Emerging-Market Crisis Now – Bloomberg. Oil prices were tanking. Emerging-market currencies were in a freefall. Venezuela was mired in a financial crisis and Russia had sunk into a debt default and devaluation. The year was 1998. Emerging markets today look a lot like they did back then. Yet there have been key […]
