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Saudi Finance Minister: “I Wouldn’t Care If The Oil Price Is Zero”

The Saudi government has developed plans for root and branch economic change. But how can they cope if (when) it falls short?

Laketran Celebrates Dump the Pump Day, June 15

With the fluctuation of summer gas prices and need to weaken dependence of foreign oil, Laketran, along with public transportation systems nationwide, is participating in the 12th Annual National Dump the Pump Day.

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

20 hours 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

Deutsche Bank Sees Oil Prices Rising; But What About Energy Stocks?

Deutsche Bank still expects U.S. crude oil prices to climb to $58 a barrel by March 2018, but its bullish outlook on oil-related stocks could take a hit depending on what happens at the OPEC meeting On Thursday.

Oil Be Back, Again And Again

(Retail | Burlington, ON, Canada) Retail | Burlington, ON, Canada Categories: Right Tags: Retail Retail | Burlington, ON, CanadaCustomer: “Excuse me, why are there two different prices on this shelf?” points at citronella oil Me: “Well,...Show More Summary

Could Crude Fall To $40? It Might If OPEC Deal Collapses

Today’s rising oil prices are a sign that investors expect OPEC to extend its production deal when the cartel meets later this week. But what happens if the accord to cut crude production actually falls apart? Getty Images/iStockphoto Maxwell Gold, director of investment strategy at ETF Securities, sees U.S. crude prices falling to $40 a barrel, […]

Today's Stunted Oil Prices Could Cause Oil Price Shock In 2020

Authored by Haley Zaremba via OilPrice.com, As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. As Saudi Arabia announces plans to slash production and move their...Show More Summary

Goldman Warns Of "Sharp Oil Price Drop", Inventory Glut "If Backwardation Is Not Achieved"

Increasingly some of the more prominent sellside analysts appear to be picking and choosing ideas from their competitors. Earlier, it was JPM echoing Goldman's reco when it cut its 10Y yield forecast. Now, in a note previewing the outcome...Show More Summary

Crude Oil Still Rising

Crude oil prices continued to rise Monday ahead of Thursday's OPEC meeting, where production cuts will be discussed.

The Russian ruble is rallying as oil climbs

The Russian ruble is rallying as oil prices climb ahead of OPEC's meeting in Vienna later this week. The petrocurrency was up by 0.4% at 56.6961 per dollar as of 7:55 a.m. ET. Brent crude oil, the international benchmark, was higherShow More Summary

Can OPEC prevent another oil price collapse?

As OPEC struggles to maintain its dominance over US shale producers, we ask if they can keep oil prices buoyed.

Saudi minister confident of oil cut extension

2 days agoNews : The Cutline

Saudi Arabia's energy minister expressed confidence on Sunday of extending a global cut in oil production designed to boost prices. Khalid al-Falih spoke ahead of a meeting on Thursday between the Organization of the Petroleum Exporting Countries (OPEC) and Russia, where they are expected to extend the production cut pact. Show More Summary

Oil Prices Rise as OPEC Discusses Deeper Output Cuts

OPEC is discussing a potential deepening of crude oil output cuts in a bid to accelerate market rebalancing, sources from the cartel told Reuters. The news came as the group’s Economic Commission Board met to discuss...

Here Are The Three Choices Facing OPEC Next Week

The last time OPEC (and Non-OPEC) member nations sat down to attempt a coordinated increase in oil prices by cutting production they succeeded... for about three months. Every since then, oil has been on a gradual declining path, boosted...Show More Summary

US oil output back near records, challenging OPEC

5 days agoHumor / odd : The Sideshow

American oil production is approaching record levels again, led by shale projects, potentially foiling efforts by OPEC to support prices. Oil prices were boosted this week after Saudi Arabia and Russia signaled they intend to extend an agreement to limit output. Show More Summary

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

5 days 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

North Dakota Oil Producers Helped Topple OPEC

Rigging equipment is pictured in a field on June 4, 2015. REUTERS / Cooper Neill OPEC, the global oil cartel which worked to  fix prices for the benefit of its members, is dead. So writes Pascal-Emanuel Gobry in The Week. The group isn’t officially dead, but they’ve lost their ability to dominate the global oil markets. Show More Summary

The New Offshore Reality

Swedbank’s chief economist, Harald Andreassen, isn’t “too hopeful” about the long-term prospects for the oil price, but then again, “I’m less certain of this than I’ve ever been as an economist,” he told a floating production conference in Oslo.

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