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Saudi Arabia Declares Oil War on US Fracking, hits Railroads, Tank-Car Makers, Canada, Russia; Sinks Venezuela | Wolf Street
Saudi Arabia Declares Oil War on US Fracking, hits Railroads, Tank-Car Makers, Canada, Russia; Sinks Venezuela | Wolf Street. When OPEC announced on Thanksgiving Day that it would maintain oil production at 30 million barrels per day, chaos broke out in the oil market, and the price of oil around the globe spiraled into a […]
EXCLUSIVE-October oil shale permits drop: is the slowdown here?
EXCLUSIVE-October oil shale permits drop: is the slowdown here?. NEW YORK, Dec 1 (Reuters) – U.S. oil producers have been racing full-speed ahead to drill new shale wells in recent years, even in the face of lower oil prices. But new data suggests that the much-anticipated slowdown in shale country may have finally arrived. Permits […]
OPEC Inaction Spurs Survival of Fittest as Oil Below $65 – Bloomberg
OPEC Inaction Spurs Survival of Fittest as Oil Below $65 – Bloomberg. West Texas Intermediate tumbled below $65 a barrel to the lowest level since July 2009 amid speculation prices have further to drop before OPEC’s decision to maintain output slows U.S. shale supply. Benchmark futures in New York and London slumped as much as 3.7 percent, […]
Resource Insights: Turnabout: OPEC shows U.S. oil producers who’s boss
Resource Insights: Turnabout: OPEC shows U.S. oil producers who’s boss. To paraphrase Mark Twain: Rumors of OPEC’s demise have been greatly exaggerated. Breathless coverage of the rise in U.S. oil production in the last few years has led some to declare that OPEC’s power in the oil market is now becoming irrelevant as America supposedly […]
“Panic Selling” Saudi Stocks Crash Into Bear Market Following OPEC Decision | Zero Hedge
“Panic Selling” Saudi Stocks Crash Into Bear Market Following OPEC Decision | Zero Hedge. It’s not just Shale oil stocks in the US that are hurting. Following the OPEC decision tonot cut production and squeeze US producers, Saudi Arabia’s major stock market index has tumbled into a bear market, giving up all the year’s gains. As one […]
Cheap Oil A Boon For The Economy? Think Again – The Automatic Earth
Cheap Oil A Boon For The Economy? Think Again – The Automatic Earth. I thought it might be a nice idea to question a certain someone’s theories using their own words, while at the same time showing everybody what the dangers are from falling oil prices. There are many ‘experts and ‘analysts’ out there claiming […]
‘We Are Entering A New Oil Normal” | Zero Hedge
‘We Are Entering A New Oil Normal” | Zero Hedge. Investment Observations The precipitous decline in the price of oil is perhaps one of the most bearish macro developments this year. We believe we are entering a “new oil normal,” where oil prices stay lower for longer. While we highlighted the risk of a near-term decline in […]
Oil Enters New Era as OPEC Faces Off Against Shale; Who Blinks as Price Slides Toward $70? – Bloomberg
Oil Enters New Era as OPEC Faces Off Against Shale; Who Blinks as Price Slides Toward $70? – Bloomberg. OPEC’s decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to U.S. shale drillers. The 12-nation Organization of Petroleum Exporting Countries kept its output target unchanged […]
Energy round-up: nuclear future? | New Economics Foundation
Energy round-up: nuclear future? | New Economics Foundation. Article: Hinkley Point nuclear plant ‘threatened by Areva financial crisis – Reactor-maker Areva’s stake in new UK nuclear plant called into question amid financial difficulties. Chart: Renewables catching nuclear: Article: Oil price slump to trigger new US debt default crisis as Opec waits – Falling oil prices and US shale drillers […]
OPEC Presents: Q4 and Deflation – The Automatic Earth
OPEC Presents: Q4 and Deflation – The Automatic Earth. Thinking plummeting oil prices are good for the economy is a mistake. They instead, as I said only yesterday in The Price Of Oil Exposes The True State Of The Economy, point out how bad the global economy is doing. QE has been able to inflate stock […]
The Price Of Oil Exposes The True State Of The Economy – The Automatic Earth
The Price Of Oil Exposes The True State Of The Economy – The Automatic Earth. We should be glad the price of oil has fallen the way it has (losing another 6% today as I write this). Not because it makes the gas in our cars a bit cheaper, that’s nothing compared to the other […]
OPEC Decision Likely to Crash U.S. Fracking Industry » EcoWatch
OPEC Decision Likely to Crash U.S. Fracking Industry » EcoWatch. At its meeting today in Vienna, Austria, the 12 member countries of the Organization of Petroleum Exporting Countries (OPEC) voted to keep their output target unchanged despite a 30 percent slump in the oil price since June, due primarily to the explosive growth in fracking in the U.S. as well as […]
“There Will Be Blood”: Petrodollar Death Means A Liquidity And Oil-Exporting Crisis On Deck | Zero Hedge
“There Will Be Blood”: Petrodollar Death Means A Liquidity And Oil-Exporting Crisis On Deck | Zero Hedge. Recently we posted the following article commenting on the impact of USD appreciation and dollar circulation among oil exporters, as well as how the collapsing price of oil is set to reverberate across the entire oil-exporting world, where […]
Oil Prices Collapse After OPEC Keeps Oil Production Unchanged – Live Conference Feed | Zero Hedge
Oil Prices Collapse After OPEC Keeps Oil Production Unchanged – Live Conference Feed | Zero Hedge. But, but, but… all the clever talking heads said they wil have to cut… *OPEC KEEPS OIL PRODUCTION TARGET UNCHANGED AT 30M B/D: DELEGATE WTI ($70 handle) and Brent Crude (under $75 for first time sicne Sept 2010) are […]
Oil Tumbles to 4-Year Low Before OPEC, Pulling Down Krone – Bloomberg
Oil Tumbles to 4-Year Low Before OPEC, Pulling Down Krone – Bloomberg. Oil slid to a four-year low amid speculation OPEC will refrain from cutting output at today’s meeting, dragging down shares of energy companies, Gulf-region stocks, and the Norwegian krone. Government bonds rose, with yields in Europe falling to record lows. West Texas Intermediate crude tumbled 2.1 percent […]
