Four months ago all the news on the oil markets was bearish, yet prices have risen over 50% since. Why do the oil markets constantly defy predictions? Robert Rapier explains.
Oil prices have rebounded over the past few months. Both West Texas Intermediate and Brent crude are currently around $49 per barrel, well above their lows below $30 per barrel earlier this year. However, that doesn't mean that everything is going well for all of the oil producers. Show More Summary
Oil prices are likely to fall after the Organization of Petroleum Exporting Countries (OPEC) summit in Vienna next week and then stabilize between around $35 to $45 per barrel, Trends Research Institute head Gerald Celente told Sput...
As the summer driving season kicks off, forecasters expect gas prices to remain stable -- or fall -- despite oil rebound
Plummeting crude oil prices have resulted in a notable drop in the jet fuel costs of US Airlines, which has enabled them to move out of the heavy losses that they once suffered. Most of the airlines’ EBITDA grew by roughly 30% on an average due to these notable fuel cost savings. Apart from expanding […]
Following last week's unchanged oil rig count - breaking a 21-week streak of declines - as the rig count inflected perfectly with lagged oil prices. However, despite a rise in lagged oil prices, the oil rig count declined 2 to 316 this week - new lows since Oct 2009. Show More Summary
With oil prices low, it's a good time to talk about phasing out fossil fuel welfare schemes.
Submitted by Gregory Brew via OilPrice.com, On Thursday Brent crude rose above $50 while the WTI rose to $49.85. The rise in prices came after the EIA reported a dramatic fall in U.S. inventories. The weekly drop of 4.2 million barrels,...Show More Summary
Links to the best reading in funds investing: Oil stocks have not kept pace with gains in the commodity itself, worrying some — Chris Dieterich, Barron’s Fidelity Investment’s smart-beta ETFs will likely accelerate the race to the bottom in fund fees — Chuck Jaffe, MarketWatch A smart take on how Rob Arnott’s recent claim that […]
Oil prices ease from seven-month high to below $49 (Reuters) Wall Street Waits for Yellen Before Taking Off for a Long Weekend (BBG) Donald Trump Celebrates Clinching GOP Delegate Race (WSJ) Trump vows to undo Obama's climate agendaShow More Summary
With verious Fed presidents having whipping up the market into a hawkish frenzy in the past two weeks, leading to a dramatic repricing in summer rate hike odds with expectations for a July rate hike now over 50%, many can be "disappointed"...Show More Summary
Russia’s oil sector has shown a surprising resilience to low oil prices and western sanctions over the past two years. The country’s output repeatedly hit new record highs despite various negative outlooks. This surprising pattern could well be repeated both this year and next should certain projects overcome delays and greenfields ramp up output. Show More Summary
Despite low oil prices, the clean-energy sector keeps on growing, and it now employs 8.1 million people worldwide.
With a busted business model, oil economies head for the unknown. Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil prices remain at ruinously low levels. Show More Summary
By Michael T. Klare | (Tomdispatch.com) | – – Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of…
Oil prices, battered after a slump dating back to the summer of 2014, touched the $50 a barrel level for the first time in seven months Thursday. The prices of West Texas Intermediate and Brent crude each fell slightly below $50 by the end of the trading day after some profit-taking by some investors,...
West Texas Intermediate oil prices rose above $50 for the first time in 10 months, according to FactSet's intraday readings of continuous crude futures contracts. The center would not hold, however, and oil prices slipped 0.2%, to settle at $49.48 a barrel. Show More Summary
Despite higher crude oil prices, American holiday travelers are paying the cheapest prices at the pump in 11 years.
Saudi Foreign Minister Adel al-Jubeir said that the goal of Saudi Arabia is to protect its share on the oil market and not to support producers that have high oil prices.
The energy sector was certainly a bargain in January, but no one really knows where oil will be around Christmas. While we may have already seen the bottom, stock prices are not the bargain they were. There are other plays. Think electric vehicles and even driverless cars. Show More Summary