As if the recent oil price dive to the lowest level in six years wasn’t enough to keep industry nerves on edge, the current price volatility is proving just as hostile to producers as sliding margins. After bottoming out in late January at $45/b, NYMEX crude had recovered to $60/b by May, in a correction now widely […]
The oil market has just finished its impression of a bungee jumper, dropping $7 in 2 weeks days, and now rebounding $10 in a few days. Aside from the fact that this is August (or was, until end of trading today), this behavior should remind us why amateurs find the [...]
Our top skin-care picks, from detoxing charcoal facial masks to hydrating body oils, for late summer into fall.
Seen any sentimental oil paintings of medieval knights hanging around lately?
My mentor, the late Morry Adelman of MIT, started working in petroleum economics in the late 1950s and he would sometimes infuriate industry visitors with his calm insistence that oil in the ground was plentiful and cheap, and that only cyclical and transient factors, including production policies in oil exporting [...]
Late Chinese sharemarket uptick, fall in US stockpiles support crude prices.
As British Petroleum’s Deepwater Horizon oil rig spewed enough crude into the Gulf of Mexico to be seen from space in late April 2010, the Tate Britain saw fit to celebrate their long-standing sponsorship by BP at their annual summer party. Show More Summary
After opening in the red, stocks rallied in late morning trade Near 11:16 a.m. ET, the Dow was up 43 points, the S&P 500 was up 5 points, and the Nasdaq was up 21 points. Stocks closed positive last week after some volatile sessions that followed successive daily devaluations of the Chinese yuan. Show More Summary
Persistently low oil prices rippling through the oil patch, hitting producers and the private-equity funds that were early investors. The Wall Street Journal’s Matt Jarzemsky and Ryan Dezember reported late on Friday that Samson Resources, the Tulsa, Okla.-based oil and gas producer owned by private equity giant KKR (KKR), is prepping to file for bankruptcy [...]
THE FRACKERS ARE SAVING WESTERN CIVILIZATION: Saudi Arabia may go broke before the US oil industry buckles: It is too late for OPEC to stop the shale revolution. The cartel faces the prospect of surging US output whenever oil prices rise. I was talking with an InstaPundit reader who works in fracking a couple of […]
Skyward 12x9 oilby Michael Chesley Johnson - Available unframed, $300 incl. shippingWill ship when dry Lately, I've fallen in love with a new oil color and, for me, a new approach. My new color is Gamblin's Transparent Earth Red. This...Show More Summary
By Shelby Sebens PORTLAND, Ore., July 30 (Reuters) – An icebreaking vessel key to Royal Dutch Shell’s plans to drill for oil in the Arctic departed Portland, Oregon, late on Thursday, navigating between a narrow gap of environmental activists dangling from a bridge after a two-day human blockade. Show More Summary
PORTLAND, Ore. (Reuters) - An icebreaking vessel key to Royal Dutch Shell's plans to drill for oil in the Arctic departed Portland, Oregon, late on Thursday, navigating between a narrow gap of environmental activists dangling from a bridge after a two-day human blockade.
In late June, Maria, a twenty-five-year-old mother from Honduras, sat on a wooden bench inside a trailer at the South Texas Family Residential Center, in the small oil town of Dilley. She held a colorful paperback Bible, the same one that she had travelled with atop trains and in trucks through Guatemala and Mexico. Show More Summary
China's crashing stock market and the meltdown in the metals market may be getting all the attention lately, but crude oil is quietly crumbling once again. Oil has plunged nearly 20% this month alone and it briefly dipped below $47 a barrel on Tuesday. That leaves it flirting with the...
One of the few catalyst that had helped maintain a consistent bid under energy names in the first half of 2015, despite the dramatic drop in the price of oil in late 2014 and then again in the last several weeks, was persistent fears...Show More Summary
It was late evening. The skies were dark and dogs were howling. Into the Nyaru Menteng Orangutan Rescue Center on the island of Borneo rushed a rescue worker cradling a tiny bundle in his arms. He handed over the precious package to the manager on duty. Show More Summary
Back in late November, Saudi Arabia-led OPEC unexpectedly decided to not cut its pace of oil production despite crashing prices. The strategy here was to keep their market share rather than lose it to the US, which has been increasing...Show More Summary
RIO DE JANEIRO (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said late Thursday that it paid 1.6 billion reais ($508 million) to settle part of a tax dispute with Brazilian authorities and will take the charge against earnings in second-quarter results. Show More Summary
BP has agreed to pay up to $18.7 billion as part of a settlement reached late last week over the deadly 2010 Deepwater Horizon oil spill. The agreement includes the US federal government, the states of Alabama, Florida, Louisiana, Mississippi and Texas and also includes settlement of claims made by more than 400 local government […]