Crude prices fail to rebound due to weak commentary from the International Energy Agency.
On Oct. 3, Russian Minister of Energy Alexander Novak announced his country is ready to meet with OPEC to discuss the crash in oil prices. Reuters reports the OPEC and Russia meeting is set to occur at the end of October. The post How the OPEC and Russia Meeting Will Affect Oil Prices appeared first on The Wall Street Examiner. Show More Summary
There was a time when OPEC set the rules in the oil market and exercised its power to cut production and reverse a slide in oil prices. Then came fracking -- a technology, which allowed oil to be extracted from places it could never have been imagined before. Some of these places [...]
An advisory committee to the California Energy Commission wanted to discuss the causes of the high gasoline prices in the state this summer during a workshop Tuesday -- only the oil refiners and their association refused to show. Severin Borenstein, chairman of the Petroleum Market Advisory Committee,...
Jamie Lee Bracey was picking up a few items from his local Walmart in Florence, AL when he made an unexpected discovery in the Sporting Goods section. Related: Deal Alert: Sears Slashes Prices On Gay Leather Fetish Wear “So I’m at Walmart,” Bracey says. “Nobody’s here to help me. I’m looking around. Then I see this Gun […]
Saudi Aramco has made oil deliveries to the Polish port of Gdansk, on the Baltic Sea, in an effort to increase its market share.
At the risk of stating the obvious, commodity prices have taken a beating over the past year – and no subsector has experienced as much negative sentiment as the Canadian oil sands. Throughout this commodity cycle, many commentators have openly discussed the demise of the oil sands industry. It's no secret [...]
Brent crude, WTI edge back after energy watchdog flags market oversupply through 2016.
Brent crude lifts 1.3% on Chinese data, while IEA report keeps a cap on rebound.
Saudi Arabia has begun selling off major portions of its wealth fund's European stocks amid the rising cost of its intervention in Yemen and falling oil prices.
Closely related to Economic Damnation #9: Oil & Natural Gas Reserves and Oil Price Shocks, Oil & Natural Gas is also an environmental damnation that hits us hard on the front end and hard on the back end. In our economic damnation post, we talked about how the almost randomly fluctuating prices that can often […]
By Hideyuki Sano TOKYO (Reuters) - Asian shares stepped back from two-month highs on profit-taking on Tuesday and oil prices regrouped after Monday's big fall, while the dollar was on the defensive as expectations of an imminent U.S....Show More Summary
Local market declines as traders take profits after recent rally, oil price slide weighs.
People are asking the wrong questions when they wonder what oil prices should be and will be. The correct question is what oil prices are going to do? The answer is that they will rise, and then fall, and then rise, and then fall, e...
Oil prices tumbled as OPEC reported its output hit a three-year peak in September, while Wall Street edged up amid low volumes and the Australian dollar surged to a two-month high.
Rally comes to an end as investors again fret about oversupply risks.
There are at least three things to say about low oil prices and the strong dollar: 1) they've been bad for S&P 500 profits; 2) they've kept inflation low; and 3) most experts and policymakers agree that the effects are transitory. Earnings...Show More Summary
One year ago, when oil prices first cracked and tumbled from $100 to a level some 60% lower, it took the US oil industry about 9 months to fully feel the pain and proceed with cash-saving production cuts as a result of extensive oil-price...Show More Summary
Perhaps the longest-running pipe dream among confused economists and other talking heads over the past year has been that thanks to plunging oil and gas prices, American consumers' capacity for discretionary spending will surge as a result of these so-called "gas savings". Show More Summary
Crude oil is getting smoked to start the week. On Monday, the price of West Texas Intermediate crude oil was down more than 3% to around $48 a barrel, giving back most of a huge rally the commodity experienced last week when prices moved...Show More Summary