Home » Posts tagged 'saudi arabia' (Page 49)
Tag Archives: saudi arabia
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 […]
“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 […]
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 […]
“It’s Different This Time?” What Happened To US Oil Drillers During The Last Price War | Zero Hedge
“It’s Different This Time?” What Happened To US Oil Drillers During The Last Price War | Zero Hedge. History may not repeat but it rhymes so loud sometimes that Einstein would be rolling in his repetitively insane grave. As Bloomberg notes, the last time that U.S. oil drillers got caught up in a price war orchestrated by […]
US “Secret” Deal With Saudis Backfires After Oil Minister Says US Should Cut First | Zero Hedge
US “Secret” Deal With Saudis Backfires After Oil Minister Says US Should Cut First | Zero Hedge. Who could have seen this coming? With oil prices holding at 4-year lows, heavily pressuring around half of US shale production economics, the “secret” US deal (see hereand here) with Saudi Arabia to crush Russia via oil over-supply […]
Who’s Ready For $30 Oil? – The Automatic Earth
Who’s Ready For $30 Oil? – The Automatic Earth. How low can and will oil prices go, and what will the effects of those prices be? I bet you’ll have a hard time finding even just two people who have the same opinion on that. Not that it’s merely a matter of opinion, mind you, […]
Is Saudi Arabia Waging Economic Warfare?
Is Saudi Arabia Waging Economic Warfare?. The G20 is a conference of the world’s top 20 economies as measured by Gross Domestic Product. Some observers have slammed it as an unelected and arbitrary body that is doing some of the work the United Nations was intended to do– only in a much less egalitarian way. […]
Shock At ISIS Beheadings, Silence At Saudi Arabia’s: Why? | Zero Hedge
Shock At ISIS Beheadings, Silence At Saudi Arabia’s: Why? | Zero Hedge. In the past 3 months there has been much discussion regarding the gruesome and barbaric beheadings by ISIS of western hostages. Yet surprisingly, a similar and just as barbaric tradition has been taking place for ages just a few hundred miles east of […]
Brent Crude Tests $80/barrel Price Level on Saudi Comments – WSJ.com
Brent Crude Tests $80/barrel Price Level on Saudi Comments – WSJ.com. Brent crude recouped early losses to trade around the $80 a barrel mark in Asian trade Thursday, after dropping below the key psychological price level earlier in the session. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded […]
Oil Plunges As Saudis Dismiss Price War “No Basis In Reality” | Zero Hedge
Oil Plunges As Saudis Dismiss Price War “No Basis In Reality” | Zero Hedge. WTI Crude oil prices tumbled to a $75 handle this morning as Saudi oil minister al-Naimi dismissed claims of a price-war as having “no basis in reality” noting that “Saudi oil policy has remained constant for the past few decades and it has […]
Bullish Oil Wagers Cut in Sign of Growing OPEC Skepticism – Bloomberg
Bullish Oil Wagers Cut in Sign of Growing OPEC Skepticism – Bloomberg. Speculators are the least bullish on U.S. crude in 20 months as they lose faith in OPEC’s willingness to ease a global supply glut. Money managers reduced net-longpositions in West Texas Intermediate by 8 percent in the week ended Nov. 4, U.S. Commodity Futures Trading Commission […]
Oil Price Collapse Ricochets Around the World, Hits US Drillers, the Ruble … and Russia’s Probability of Default | Wolf Street
Oil Price Collapse Ricochets Around the World, Hits US Drillers, the Ruble … and Russia’s Probability of Default | Wolf Street. As soon as word spread that Saudi Arabia’s Aramco cut prices, rather than production, for its US customers – though it raised prices for Asian and European customers – the price of WTI swooned […]
Saudi Oil Market Fight Shifting to U.S. as Asia Prices Rise – Bloomberg
Saudi Oil Market Fight Shifting to U.S. as Asia Prices Rise – Bloomberg. Saudi Arabia’s increase in oil prices for Asia signals the world’s biggest crude exporter is shifting the focus of its fight for market share on U.S. buyers. While Saudi Arabian Oil Co. boosteddifferentials for supplies to Asia next month after cutting some November […]
Saudis Go Back to the Future to Take on U.S. Shale Rivals – Bloomberg
Saudis Go Back to the Future to Take on U.S. Shale Rivals – Bloomberg. The Saudi oil minister’s visit to Venezuelathis week is also a trip through time. Flash back to December 1998 whenSaudi Arabia looked to its fellow OPEC member for help lifting oil prices from about $10 a barrel. Back then, the Saudis were defending their dominance […]
Saudi Oil Market Fight Shifting to U.S. as Asia Prices Increased – Bloomberg
Saudi Oil Market Fight Shifting to U.S. as Asia Prices Increased – Bloomberg. Saudi Arabia’s increase in crude prices for Asia signals the world’s biggest oil exporter is focusing its fight for market share on the U.S. While Saudi Arabian Oil Co. boosted differentials for supplies to Asia next month after cutting some November prices to the […]
