Home » Posts tagged 'oil price.com' (Page 9)
Tag Archives: oil price.com
Oil Price Slide Puts The Brakes On U.S. Shale Growth
Oil Price Slide Puts The Brakes On U.S. Shale Growth While U.S. President Donald Trump continues to call on OPEC to keep oil prices low, because “The World does not want to see, or need, higher oil prices!”, one corner of the world may need WTI prices higher than the current low $50s to keep […]
OPEC Surprises Markets With Last Minute Deal
OPEC Surprises Markets With Last Minute Deal In the last possible minute, OPEC+ managed to agree upon a massive cut of 1.2 million bpd, pushing oil prices up by over 3 percent. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to […]
U.S. Shale Struggles As Oil Prices Drop
U.S. Shale Struggles As Oil Prices Drop The explosive production growth in the U.S. shale patch has surprised even the most optimistic forecasters, but the huge jumps in output belies and obscures the financial state of the industry, which is a bit more complicated than the production figures might suggest. Shale companies scrambled to cut […]
World Bank Warns Of Extreme Volatility In Oil Markets
World Bank Warns Of Extreme Volatility In Oil Markets After several months of oil price rises and then a sharp reversal over the last few weeks, world oil markets are in for more heightened volatility next year because of scarce spare production capacity among OPEC members. This warning comes from the World Bank, which in […]
Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal
Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal A fractured OPEC is meeting later this week to discuss a deal to cut oil production—yet again—to rebalance the market and lift oil prices that have recently slipped to below most of the cartel members’ budget-balance points. OPEC needs a unanimous vote to […]
Is This The Next Disaster For Canadian Drillers?
Is This The Next Disaster For Canadian Drillers? The government of Alberta this week took an unprecedented decision to enforce a crude oil production cut so excess inventories could be shrunk and the price of western Canadian grades could improve, but the industry’s problems are far from over. They will be among the hardest hit […]
Alberta Intervenes To Halt Canada’s Oil Crisis
Alberta Intervenes To Halt Canada’s Oil Crisis Oil prices rose on Monday, buoyed by coordinated production cuts – cuts that did not come from Vienna (although that too could occur later this week). Instead, the mandatory reductions were handed down by the provincial government of Alberta. “Perhaps OPEC should therefore consider inviting Canada to its […]
What Crashing Refining Margins Mean For Oil Markets
What Crashing Refining Margins Mean For Oil Markets Oil prices have plunged to one-year lows, but refiners in certain parts of the U.S. are not benefitting from cheaper crude. According to new data from the EIA, refining margins for motor gasoline have fallen to five-year lows. “Flattening year-over-year growth in gasoline demand in the United […]
Oil Prices Set To Book Worst Month In A Decade
Oil Prices Set To Book Worst Month In A Decade Oil prices dropped early on Friday, on course to finish their worst month since 2008, as fears of oversupply and slowing demand growth dragged oil down into a bear market in November with prices off by some 30 percent from four-year highs in early October. […]
Oil Falls On Crude Inventory Build
Oil Falls On Crude Inventory Build Crude oil prices slipped further down today after the Energy Information Administration reported crude oil inventories for the week to November 23 had added 3.6 million barrels. That’s compared with a build of 4.9 million barrels a week earlier. The EIA figures came after yesterday the American Petroleum Institute reported an estimated inventory […]
How Much Oil Production Will The Saudis Cut?
How Much Oil Production Will The Saudis Cut? Donald Trump continues to take credit for lowering oil prices. Donald J. Trump ✔@realDonaldTrump So great that oil prices are falling (thank you President T). Add that, which is like a big Tax Cut, to our other good Economic news. Inflation down (are you listening Fed)! Trump’s […]
Mexico’s Oil Crisis Deepens
Mexico’s Oil Crisis Deepens Mexico’s state oil company Pemex said it produced an average 1.76 million bpd of crude in October, down 7 percent from October last year, Reuters reports, citing data released by the company. This is also one of the lowest monthly production rates since 1990 when records began. The decline was attributed to […]
The Biggest Losers Of The Current Oil Price Slump
The Biggest Losers Of The Current Oil Price Slump The ongoing slump in oil prices, which has seen crude fall so sharply from the 52-week high set in October that $1 trillion has been wiped off energy stocks, will cut deep into the pockets of major producers like Saudi Arabia, Russia, Nigeria and Angola. As the world heads into […]
Trump And OPEC Face Off Over Production Cuts
Trump And OPEC Face Off Over Production Cuts “Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!” President Trump tweeted a few days ago. Trump is a bit confused on the specific figures – perhaps […]
Does The U.S. Really Need Saudi Oil?
Does The U.S. Really Need Saudi Oil? “Saudi Arabia — if we broke with them, I think your oil prices would go through the roof. I’ve kept them down,” President Trump told reporters on Tuesday. “They’ve helped me keep them down. Right now we have low oil prices, or relatively. I’d like to see it […]
