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Month: August 2016

Category:
  • Peak Oil

Can the World Sustain 9 Billion People by 2050?

The world’s population is topsy-turvy, and its exponential and uneven growth could have disastrous consequences if we aren’t ready for it. Humanity recently hit a benchmark, a population of 7.9 Continue Reading

Posted On : 8 Aug 2016 Published By : Tom Whipple
Category:
  • Prices

Oil Correction Stalls On Strong Dollar, Rising Rig Count

Oil prices reversed on Friday morning after a strong rally on Wednesday and Thursday while U.S. oil production continued to fall after a few weeks of respite. (Click to enlarge) Continue Reading

Posted On : 6 Aug 2016 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Fall as Dollar Rises, Volatility Persists

Oil prices fell Friday, as the dollar strengthened off the back of a strong July jobs report. Prices briefly broke into positive territory after the U.S. Labor Department said Friday Continue Reading

Posted On : 6 Aug 2016 Published By : Tom Whipple
Category:
  • Prices

Oil prices slip as short-covering rally fizzles

Oil prices dipped on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China’s imports. U.S. Continue Reading

Posted On : 6 Aug 2016 Published By : Tom Whipple
Category:
  • Prices

Natural Gas Prices Fall on Production Concerns

Natural gas prices fell Friday as concerns about an uptick in production put pressure on the market. Contracts for September delivery recently fell 4 cents, or 1.6%, to $2.790 a Continue Reading

Posted On : 6 Aug 2016 Published By : Tom Whipple
Category:
  • Economy
  • USA

Strong Job Gains, for Second Month, Reframe Economic Outlook

After months of conflicting signals and economic uncertainty, it became clear on Friday that the American jobs machine has moved back into high gear. A report from the Labor Department Continue Reading

Posted On : 6 Aug 2016 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia Cuts Asian Oil Prices to Counter Rivals Russia, Iraq and Iran

Under pressure from Russian, Iraqi and Iranian oil exports, Saudi Arabia discounted its crude last weekend to maintain its share of big Asian markets. The price cut, which applies to Continue Reading

Posted On : 6 Aug 2016 Published By : Tom Whipple
Category:
  • Syria

Islamic State ‘almost completely’ ousted from Syria’s Manbij city: Observatory

U.S.-backed forces trying to oust Islamic State militants from the Syrian city of Manbij took “almost complete control” of the city on Saturday, the Syrian Observatory for Human Rights said. Continue Reading

Posted On : 6 Aug 2016 Published By : Tom Whipple
Category:
  • OPEC
  • Venezuela

Venezuela Announces Effort to Reduce OPEC Production Rates

Maduro Eulogio Venezuelan President Nicolas Maduro said on Thursday that his country had begun discussions with the Organization of Petroleum Exporting Countries (OPEC) on mechanisms to increase the global oil Continue Reading

Posted On : 6 Aug 2016 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria: ‘Nigeria’s Shallow, Onshore Production Output Decreased By 70 Percent’

The renewed attacks by new militant groups in Niger Delta region since early this year have reduced Nigeria’s oil production in the onshore and shallow water by 70 per cent, Continue Reading

Posted On : 6 Aug 2016 Published By : Tom Whipple

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