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Tag Archives: oil price collapse
Turmoil Spreads: Ruble Replunges, Crude Craters, Yen Surges, Emerging Markets Tumbling | Zero Hedge
Turmoil Spreads: Ruble Replunges, Crude Craters, Yen Surges, Emerging Markets Tumbling | Zero Hedge. For those wondering if the CBR’s intervention in the Russian FX market with its shocking emergency rate hike to 17% overnight calmed things, the answer is yes… for about two minutes. The USDRUB indeed tumbled nearly 10% to 59 and then promptly blew right […]
Keystone XL Pipeline’s Economic Argument May Expire: Experts
Keystone XL Pipeline’s Economic Argument May Expire: Experts. The juncture of falling oil prices colliding with TransCanada’s push for its US$8-billion Keystone XL pipeline may undermine the argument that the project makes economic sense, according to analysts. Canadian oil prices hit a five-year low on Monday, dropping to US$40 a barrel.Benchmark brent oil also hit its lowest since […]
Low Oil Prices Could Point To A More Serious Problem
Low Oil Prices Could Point To A More Serious Problem. West Texas Intermediate sold for $105 a barrel at the start of July, but ended last week at $58. The most important factor has been surging U.S. production. But another reason oil prices have slid so much is weakness in demand for the product, which may […]
Oil: The Battle For Market Share & The Saudi’s 1985 Playbook | Zero Hedge
Oil: The Battle For Market Share & The Saudi’s 1985 Playbook | Zero Hedge. Via BofAML’s Jake Greenberg, OIL: the battle for market share & the Saudi’s 1985 playbook Stay positioned for “a good sweating” = stay short the SXEP (European Oil & Gas Stocks) and sell rallies In 1985, the Saudis chose volume over price to […]
Resource Insights: The high cost of low-priced oil
Resource Insights: The high cost of low-priced oil. As a consumer of oil, you may regard recent sharp declines in the world oil price as a blessing. But… If you work in the oil industry, you will not. If you work in the renewable energy industry, you will not. If you work in the energy […]
Early slowdown signs emerge for U.S. oil states after crude slide | Reuters
Early slowdown signs emerge for U.S. oil states after crude slide | Reuters. (Reuters) – After leading the U.S. economic recovery out of recession, some of the nation’s top oil states are showing early signs of a slowdown as a result of the plunge in crude prices. In Houston, Texas, the first oil industry layoffs […]
Oil’s Crash Is the Canary In the Coal-Mine for a $9 TRILLION CRISIS | Zero Hedge
Oil’s Crash Is the Canary In the Coal-Mine for a $9 TRILLION CRISIS | Zero Hedge. The Oil story is being misinterpreted by many investors. When it comes to Oil, OPEC matters, as does Oil Shale, production cuts, geopolitical risk, etc. However, the reality is that all of these are minor issues against the MAIN STORY: the $9 […]
Joe Oliver Looks On The Bright Side Of Low Oil Prices
Joe Oliver Looks On The Bright Side Of Low Oil Prices. Increased consumer spending and additional money for savings are two of the benefits to lower oil prices, federal Finance Minister Joe Oliver has told CBC News, sounding a reassuring note about how plummeting oil prices will affect the Canadian economy. Oil prices have dropped […]
Oil Jumps Most in Two Weeks as Fighting, Strike Curb OPEC Output – Bloomberg
Oil Jumps Most in Two Weeks as Fighting, Strike Curb OPEC Output – Bloomberg. Crude oil jumped the most in two weeks on signs output may contract from two nations accounting for about 9 percent of OPEC production. Prices remain near a five-year low, and the United Arab Emirates said the 12-nation group won’t rein […]
Crude Crash Set To Continue After Arab Emirates Hint $40 Oil Coming Next | Zero Hedge
Crude Crash Set To Continue After Arab Emirates Hint $40 Oil Coming Next | Zero Hedge. In space, no one can hear you scream… unless you happen to be Venezuela’s (soon to be former) leader Nicolas Maduro, who has been doing a lot of screaming this morningfollowing news that UAE’s Energy Minister Suhail Al-Mazrouei said OPEC […]
The Crude Crash Comes To Wall Street: Counterparty Risks Rear Their Ugly Heads Again | Zero Hedge
The Crude Crash Comes To Wall Street: Counterparty Risks Rear Their Ugly Heads Again | Zero Hedge. In late 2006, default rates on lower-rate subprime private MBS began to rise considerably. Though not a very transparent market to the mainstream media-watching world, bankers knew trouble was brewing as this had not happened before in such a […]
The Aftermath Of The Great 2014 Oil Crash “A Textbook Macroeconomic Shock” | Zero Hedge
The Aftermath Of The Great 2014 Oil Crash “A Textbook Macroeconomic Shock” | Zero Hedge. Not a day passes without pundits on either side of the debate, eager to make their case that the acute, nearly 50% plunge in the price of crude, swear up and down their preferred economic ideology of choice that said […]
U.A.E. Says OPEC Won’t Change Output Even If Price Drops to $40 – Bloomberg
U.A.E. Says OPEC Won’t Change Output Even If Price Drops to $40 – Bloomberg. OPEC will stand by its decision not to cut crude output even if oil prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting, the United Arab Emirates’ energy minister said. […]
How Countries Around The World Are Coping With Falling Oil Prices
How Countries Around The World Are Coping With Falling Oil Prices. On Friday, the price of benchmark crude oil dropped to new five-year lows. The price of oil has been plummeting for months, leaving oil-producing nations around the world aghast at their sinking revenues. Poor global economic growth has cut demand, while the U.S. is producing oil faster than […]
OPEC chief says no target price, but oil slide beyond fundamentals | Reuters
OPEC chief says no target price, but oil slide beyond fundamentals | Reuters. (Reuters) – The head of OPEC said on Sunday the group had no target price for oil, signaling no change to a policy to maintain production levels which has contributed to sharp falls in the price of crude, unnerving global markets. Speaking […]
