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Junk Bonds Are Finally Starting To Care About Oil

Back in May, we pointed out an interesting observation made by Goldman: unlike late 2015 and most of 2016, when equities demonstrated surprising resilience to the swoon in oil prices, in 2017 OPEC's failure to stabilize oil prices finally hit energy equities disproportionately. Show More Summary

Alaska lawmakers vote to cut oil, gas drilling subsidies

Alaska legislators have voted to cut oil and gas drilling subsidies from the budget. The Juneau Empire reports (http://bit.ly/2tfVGEx ) the compromised proposal was approved late Saturday in an 18-0 … Click to Continue »

Elizabeth Arden Sheer Kiss Lip Oil

Have you explored Elizabeth Arden lately? They've got you covered for easy, pretty Summer makeup with their new Sheer Kiss Lip Oils and Cooling Cheek Gel. Let's take a look at the lip oils, a hot category right now.Sheer Kiss Lip Oils are lightweight but very moisturizing sheer tints of color. Show More Summary

Confused About Those Coconut Oil Claims? Here's What You Need to Know

There has been major buzz lately over everyone's favorite obsession: coconut oil. The fitness community raves about its fat-burning benefits, while beauty gurus preach about its hair- and skin-nourishing properties. But its health benefits? Those are being put into question with a new statement by the American Heart Association (AHA). Show More Summary

Authenticity in (Atari) Archaeology

I’ve been thinking a bit about authenticity in archaeology lately. I know I should be thinking about the 7th century, Early Christian archaeology, Late Roman and Hellenistic Cyprus, or the Bakken oil patch, but on a leisurely bike ride yesterday afternoon, I let myself think about the Atari excavations.  To my mind, the key issue… Read More ?

Hector Caffieri

Hector Caffieri was a British painter active in the late 19th and early 20th centuries. Though adept at both oil and watercolor, he is known primarily as a watercolorist. His refined, academic style is sometimes tinged with hints of Impressionist color, but his approach is largely straightforward. His subjects included still life and interiors, but […]

The Booming Texas Port at the Center of U.S. Oil Exports

By Sheela Tobben and Laura Blewitt (Bloomberg) — Late last month, an oil tanker that measures three football fields long and six stories high moved slowly through the port of Corpus Christi, Texas, to test the waters of America’s booming crude-export industry. Show More Summary

Oil prices are on track for worst first half performance since 1997

LONDON — Oil is hovering below $45 and on track for its worst performance for the first-half of a year since 1997. Oil prices dropped in late trade on Wednesday and have failed to recover, amid continued concerns about oversupply. It entered bear market territory earlier in the week and price pessimism appears to be setting in. Show More Summary

I Got Ya Special Prosecutor Right Here.

My name is Dominick Casserontonio. I work for Earl’s Oil in Brooklyn. (The way we say it sounds like ‘Oil’s Earl’, but I digress.) Let me tell ya somethin’; I been watching the news lately and been hearing all about this ‘special prosecutor’...Show More Summary

Asian Crude Storage Trend Impacts OPEC Cuts

Current markets make it profitable to store oil for future sale; many tankers sitting around Singapore storing oil. A 10-percent decline in oil prices since late May could push traders to keep crude in storage, looking to sell down the line when forward prices are higher.

Petrobras Says Platform Fire Briefly Halted Production

A fire on a platform belonging to Brazilian state oil giant Petroleo Brasileiro SA briefly halted oil and gas production late on Sunday, the company said, adding that there had been no injuries or damage. The fire occurred in the Marlim field around 10:30 p.m.

U.S. Begins Importing Iraqi Oil After Saudis Cut Exports

Authored by Zainab Calcuttawala via OilPrice.com, The United States has begun importing Iraqi oil at a rate of 1.1 million barrels per day to replace export cuts announced by Saudi Arabia late last month, new figures compiled by Bloomberg...Show More Summary

Trousdale Estates home designed by John Elgin Woolf asks $9.5M

It was the longtime residence of oil heir Patrick Doheny This rather extravagant home in the exclusive Trousdale Estates neighborhood of Beverly Hills has an interesting backstory. Built in 1972, it was the longtime home of the late Patrick Doheny, grandson of notorious oil tycoon Edward L. Show More Summary

Economists Puzzled By Unexpected Plunge In Saudi Foreign Reserves

The stabilization of oil prices in the $50-60/bbl range was meant to have one particular, material impact on Saudi finances: it was expected to stem the accelerating bleeding of Saudi Arabian reserves. However, according to the latest...Show More Summary

Bordeaux pins hopes for ravaged vineyards on June bloom

When a severe, unseasonal cold snap gripped Bordeaux vineyards in late April, winegrowers sprang into action. They set fires in thousands of oil drums, positioning them carefully between the rows of budding grapevines in southwest France. Show More Summary

Trump budget proposal: Oil prices fall as Donald Trump plans to sell off reserves

2 months agoNews : The Lookout

According to data from Reuters, Brent crude was trading around 0.9 per cent lower late morning in London at just over $53 a barrel. The White House said that it plans to sell off half of the 688 million-barrel oil stockpile from 2018 to 2027, in a bid to raise $16.5bn to help balance the budget. Show More Summary

Basquiat Painting Sells for Historic $110.5 Million At Sotheby's Auction

2 months agoNews : Huffington Post

A painting by Jean-Michel Basquiat just sold for the highest price ever paid at auction for a work by an American artist: a whopping $110.5 million. The 72-by-68-inch acrylic and oil stick “Untitled” painting of a skull by the late one-time...Show More Summary

Top 5 Essential Oils by Plant Therapy

Though it seems we've all been hearing about essential oils more and more lately, they've actually been around for centuries and have even been said to date back to King Tut's tomb. If you're new to essential oils, you are in luck! Here's the scoop on some of the most popular oils and how to use them.

Goldman Spots An Odd Divergence In Energy

In late 2015 and early 2016, as oil crashed, a curious divergence emerged: as crude was dropping, junk bonds crashed with a far greater beta to the drop in the underlying commodity than equities, which remained persistently sticky, stubbornly refusing to drop to a "fair value" implied by oil. Show More Summary

International Oil Barons: ‘Stop Elon Musk Before It’s Too Late for Us’

Teslarati: New Anti-Tesla Site by 'Oil Barons' Is Absolutely Hilarious Serial tech entrepreneur and Tesla CEO Elon Musk has been the subject of much criticism over the last 6-months since joining President Trump’s Business Advisory Council. Show More Summary

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