Crude oil is starting to roll over. In late morning trade, West Texas Intermediate crude oil futures were giving up earlier gains and were down more than 1% on the day. WTI futures were down near $56 a barrel on Thursday, after briefly touching $59 a barrel earlier. Show More Summary
The high-yield (junk) bond ETF -- HYG -- has been tumbling lately due to oil's big price drop. As oil has fallen into the $50s, worries that companies in the US Energy industry won't be able to meet their debt obligations have weighed on the junk bond market as a whole. Show More Summary
Oil prices are recovering a little from their multi-year lows as markets open in Europe, and oil stocks are seeing some recovery. At 8.30 a.m. GMT, WTI crude oil is up 0.96% to $58.64, after falling below $57 late on Sunday. Brent crude...Show More Summary
There has been a pretty decent sell-off of Cheniere Energy's shares lately; if it's because of oil prices, then the market is acting really stupid.
California drivers have been delighted to see gasoline prices dropping lately, down more than a dollar a gallon since early summer. It's no mystery what's causing it: Crude oil prices have fallen steeply, lowering the cost for refiners that process crude into gasoline. In the competitive...
Oil prices continued their slump even lower today, with West Texas Intermediate crude -- a U.S. benchmark -- now well below $60 per barrel. This is part of a momentous decline of over $40 per barrel since late July. One catalyst today is the International Energy Agency's release of its latest Oil Market Report, which […]
The U.S. benchmark crude's close on Thursday at $59.95 pushes the total tumble to 44 percent since late June
In late September 2014, oil prices were hovering around $90 and many traders thought we were close to a bottom. At the time, Jeff Rubin clearly did not represent the consensus view and argued instead that oil would eventually trade at $40-$60 based on...
Crude oil prices are at three-year lows, falling more than 20% since late June on weak demand from China and abundant supply from U.S. shale production. A strong U.S. dollar and Saudi Arabia's
Categories: Afternoon Coffee Tags: General News Energy giant ConocoPhillips is slashing its business spending outlook for 2015 as oil prices continue to plummet. Healthcare spending is down, too. Afternoon Coffee brings you the latest in supply chain and procurement news. (Read more...) Leave A Commentposted in Afternoon Coffee by Kaitlyn McAvoy
In the late 1960s, UFO homes like Finnish architect Matti Suuronen's Futuro Houses were the ultimate in space age cool. Then the 1970s oil shortage happened and the cost of plastic took off, making the Futuro Houses even less practical than they already were. Read the rest
As the year draws to a close, I’m grateful for three climate breakthroughs from 2014 that give me hope that we can still turn the corner toward a stable climate before it’s too late. And I’m thankful to my colleagues at Environmental Defense Fund who crunched the numbers and determined how we can actually see global greenhouse […]
Bold statements from Seadrill Ltd’s John Fredriksen and Continental Resources Inc.’s Harold Hamm have led to both losing a lot of credibility lately.
Oil in the ocean is a sensitive subject these days, but in the late 1800s, steam ships had stocks of oil specifically set aside to dump in the ocean. This may have saved people's lives. We'll tell you why. Read more...
In late November, the lame-duck Congress came within one vote in the Senate of sending a bill to the President mandating approval of the controversial Keystone XL pipeline. That project would bring oil produced in western Canada - primarily...Show More Summary
SAO PAULO (Reuters) - Brazil's securities industry watchdog CVM fined late on Tuesday the pension fund owned by workers of state-controlled oil producer Petróleo Brasileiro SA for participating on the election of board and fiscal council members that was reserved only for minority shareholders. Show More Summary
After last week's dramatic plunge in oil prices -- prices for U.S. benchmark crude have fallen more than $30 a barrel since late June, and were most recently at around $ 68.50 per barrel -- a natural question arises: How much lower could they go -- and where will that leave nationwide gasoline prices? As of today, […]
Michael Levi Energy, United States Not exactly... The plunge in oil prices late last week, following an OPEC announcement that its members won’t cut their oil production now, has analysts scrambling to outdo each other with hyperbole. Show More Summary
Kim Kardashian is just trying so hard to break the internet lately, it's getting ridiculous!! Odds are, if you're reading this, you already know alllll about her oiled up booty shot heard ’round the world. [ Related: Kim Says SeXXXy Nudes Were For Before She Gets Pregnant Again! ] Well now it seems like she's trying her hardest [...]