Brent crude falls 0.7 per cent as US supply continues to pressure prices.
Back in March when crude oil inventories were high and oil prices low, Robert Rapier predicted both trends would soon reverse. Let's investigate what happened.
Crude steadies after heavy losses in prior session, caution seen ahead of long weekend in US.
When we first started getting substantial oil from fracking and horizontal drilling, the news about costs indicated that oil production would decline at a fast rate when prices were low, pushing prices back up. New data, however, argue for rising productivity of shale oil development—meaning plenty of petroleum to keep [...]
A drop in demand from China was one of the big causes of the oil price plunge in 2008. How do stock prices play into current demand weakness?
Submitted by Arthur Berman via ArtBerman.com, The oil price collapse of 2014-2015 began one year ago this month (Figure 1). The world crossed a boundary in which prices are not only lower now but will probably remain lower for some time. Show More Summary
Crude prices tumble as traders weigh a surprise increase in US crude oil inventories last week.
With the Fed slowly losing the war of attrition with Saudi Arabia, leading to the recent fade in the dead cat bounce of oil prices witnessed earlier today when oil dropped to the lowest level in 10 weeks, some states have decided that...Show More Summary
Low oil prices must be good for airlines profits, right - especially if they keep ticket prices artificially high... DOJ SAID PROBING WHETHER AIRLINES COLLUDING ON HIGH AIRFARE:AP Airline stocks are plunging on this news... As AP reports,...Show More Summary
Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices. The post Shell Green-Lights Giant Appomattox Project in Gulf of Mexico appeared first on gCaptain.
By Libby George LONDON (Reuters) - Sales of transport fuels have exceeded all expectations this year, making demand from reviving economies the mantra of bulls who say the oil price is well on the mend. But warning signs, especially in Europe, may derail that view. Show More Summary
The decline in employee benefits at Venezuela’s state owned PDVSA is the latest sign of the crisis being experienced by the country’s oil sector, which is under pressure from the drop in oil prices, declining output, industrial accidents, as well as by hyper- inflation suffered by the country. Oil production has been falling in parallel […]
Crude prices lift in offshore trade as deadline for Iran nuclear deal pushed back again.
The oil price collapse of 2014-2015 began one year ago this month (Figure 1). The world crossed a boundary in which prices are not only lower now but will probably remain lower for some time. It represents a phase...
The fall of oil and gas prices has taken a toll on energy stocks, but top hedge fund billionaires don’t seem to be worried.
Major oil refiners are artificially hiking gasoline prices throughout California by charging branded gas stations an average of 30 cents a gallon more than what independent stations pay -- the biggest price gap in years, according to a consumer advocacy group.
How do oil prices of $40 per barrel influence home values? Check out this HouseCanary infographic...
Categories: Afternoon Coffee Tags: General News The continued growth in natural gas production has pushed down prices for the fossil fuel. And, United Airlines said it would use farm waste and oils from animal fats to power a flight this summer. Afternoon Coffee brings you the latest in procurement and supply chain news. (Read more...)
By Dmitry Zhdannikov LONDON (Reuters) - Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the U.S. Show More Summary
Oil and gas companies have seen their cash flows dry up significantly because of the precipitous decline in global crude oil prices over the past 12 months. For instance, Chevron reported first-quarter cash flows from operations of just around $2.3 billion, barely exceeding the dividend payout of $2 billion. Show More Summary