Oil Poised for Record Two-Year Loss as U.S. Stockpiles Gain
Oil headed for its biggest two-year loss on record in New York as an expansion in U.S. crude stockpiles exacerbates a global glut. Futures have lost 31 percent this year, Continue Reading
Rally in Energy Stocks Not Enough to Save Worst Month in 3 Years
It’s going to take more than a one-week rally to rehabilitate shares of companies in the oil patch. A week after rebounding oil prices pushed energy shares to their biggest Continue Reading
Oil Prices Fall on Oversupply Fears
Oil prices renewed their slide Wednesday ahead of data expected to show an increase in U.S. crude stockpiles. The American Petroleum Institute, an industry group, estimated that U.S. crude stocks Continue Reading
U.S. crude stocks rise unexpectedly on distillate build, imports: EIA
An oil pump jack can be seen in Cisco, Texas, August 23, 2015. U.S. crude stocks rose unexpectedly last week on a bigger-than-expected build in distillate and gasoline inventories and Continue Reading
Oil down more than 3 percent on U.S. crude build; Brent near 2004 low
Crude prices fell more than 3 percent on Wednesday, with Brent sliding toward 11-year lows, after an unusual build in U.S. stockpiles and signs Saudi Arabia will keep adding to Continue Reading
Doubting The Peak
Dennis Coyne, an editor and frequent contributor to this blog, has suggested that we are not at peak oil. He argues that there is likely to be a dip in Continue Reading
Oil Investors See Record 2nd Year of Misery as Market Drops
Another horrendous year is drawing to a close in the oil patch. After starting out with hopes of a rebound, 2015 will instead punctuate the worst two years ever suffered Continue Reading
Oil ends 2015 in downbeat mood; hangover to be long, painful
Oil prices headed for a second year of steep losses, despite inching up fractionally in the last trading hours of 2015, as record OPEC supply created an unprecedented global glut Continue Reading
From Oil Glut to Shortage? Some Say It Could Happen
With the world awash in crude, the oil industry is contemplating a new problem the oversupply could tee up: an oil shortage. That could leave the world in exactly the Continue Reading
$10 Trillion Investment Needed To Avoid Massive Oil Price Spike
OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its Continue Reading