Oil prices fall as OPEC and Russia weigh output boost
Oil prices fell below $78 a barrel on Friday as OPEC and Russia considered easing supply curbs to offset disruptions in Venezuela and an expected drop in Iranian exports. Russian Continue Reading
Increasing WTI-Brent Spread Points At Higher Crude Prices
Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising Continue Reading
Oil Prices Fall Despite Iran, Venezuela, Libyan Supply OutagesOil Prices Fall De
The WTI crude and Brent crude benchmarks fell on Thursday, despite multiple production outage fears in major producing countries, either real or prospective, including Venezuela, Libya, and Iran. At 2:40 Continue Reading
Oil Slips as Investors See Easing to OPEC Output Cut
Oil prices eased Thursday amid the stock market’s tumble and growing expectations that the production cut pact that helped sop up a glut of crude could be eased. Brent crude, Continue Reading
Economic, trade concerns drag oil prices lower
European concerns about broad-based economic volatility and fretting over supply-side shocks helped send crude oil prices sharply lower early Thursday. Crude oil prices touched $80 per barrel on Monday after Continue Reading
Here’s what happens if the oil rally turns into an ‘oil shock’
The global oil benchmark flirted with the $80-a-barrel level again on Tuesday, underlining concerns that an unexpectedly strong crude rally could eventually begin to weigh on economic growth. The combination Continue Reading
One of the biggest risks to the world’s financial system is the $3 trillion of debt owed by oil and gas firms
[ Yet another “crash coming soon” post, if it hasn’t happened already (I scheduled this article and others to appear a year or more later, since crashes always take longer Continue Reading
We need to talk about Peak Oil again
Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising Continue Reading
Exclusive: OPEC, Russia discuss raising oil output by about 1 million bpd – sources
Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil output by around 1 million barrels per day (bpd), easing 17 months of strict supply curbs amid concerns that Continue Reading
Russia, OPEC Members to Discuss Easing Oil Output Cap
Russia and other large oil producers will next month discuss relaxing an agreement that has cut output and helped support crude prices —a move that could relieve some of that Continue Reading