China’s Declining Oil Demand Not Hurting Oil Prices
China has so much oil that it is becoming an exporter of refined products as demand softens at home. So why are oil prices going to the fifties? (Photo by Continue Reading
In battle with speculators, China wins skirmish as commodities fall
Chinese regulators appear to have successfully popped a mini-bubble for now in steel and other commodity futures, scaring off speculators who piled in last month to drive steep gains in Continue Reading
China Oil Slump Seen Joining U.S. Slide to Rebalance Market
China’s falling oil output and sliding U.S. production may help rebalance a market struggling to recover from the worst price crash in a generation, according to Standard Chartered Plc. Output Continue Reading
U.S. throws more money at solar power
The U.S. Energy Department said it has $25 million in funding to help software developers and utility provides better integrate solar power to the grid. “Our ongoing grid modernization work Continue Reading
U.S. shale oil still facing pressure
Oil production in key U.S. shale formations declined and, while a recovery in crude oil prices is an incentive, risks do remain, market analysis finds. Platts Analytics finds oil production Continue Reading
Halliburton’s Loss Deepens
Halliburton Chief Executive Dave Lesar said Tuesday in his first live remarks since the failed merger was announced Sunday that his company still wants to be a one-stop-shop for exploration Continue Reading
Encana Posts Larger-Than-Expected Loss
Encana Corp. on Tuesday reported a bigger-than-expected quarterly loss and a 79% slump in cash flow as sharply lower oil and gas prices continued to hurt the energy producer’s results. Continue Reading
Valero Energy Earnings Tumble on Tighter Margins
Valero Energy Corp. reported its profit nearly halved in the first quarter of the year as the refiner’s margins contracted on depressed gasoline and crude oil prices. Shares slipped 2.9% Continue Reading
Why The Petrodollar Is Facing Its End
Saudi Arabia has been in the news recently for several interconnected reasons. Underlying it all is a spendthrift country that is rapidly becoming insolvent. While the House of Saud remains Continue Reading
Peak Fracking, Perpetually Higher Oil Prices
Six mega-trends are combining to persistently drive gasoline prices higher until price kills demand: Peak Fracking occurred in June 2015 . Since Peak Fracking, US Oil Production has decreased approximately Continue Reading