The World’s Fragile Economic Condition – Part 2
The world economy can appear to be operating quite well but can be hiding a major problem that causes it to be fragile. My presentation The World’s Fragile Economic Condition Continue Reading
Disappearance Of Saudi Journalist Could Rock Oil Markets
In the “World is Not Enough”, British spy James Bond takes on international oil cartels and illegal operators. The fiction of the story is clear to all, but the underlying Continue Reading
Oil tests higher levels on back of equity rally; NYMEX WTI up at $71.64/b, ICE Brent $80.63/b
New York — Crude oil futures moved tentatively higher in midmorning trading Friday amid signs that steep declines in equities markets had run their course.NYMEX November WTI was 67 cents Continue Reading
Oil Markets Take A Bearish Turn
Oil prices seem to have stabilized after a steep selloff mid-week. Brent fell from around $85 to $80 over a two-day span, but prices were back up slightly in early Continue Reading
‘Expensive Energy Is Back:’ Why the World Should Prepare for Higher Prices
Energy prices may soon rise, but not for anything to do with Peak Oil—the theory that production will soon reach a peak and begin to fall—the International Energy Agency (IEA) Continue Reading
IEA Lowers Oil-Demand Growth Forecasts
The demand revisions come as oil prices surged to four-year highs in early October, with Brent crude—the global benchmark—temporarily breaching the $85-a-barrel threshold. Prices have been bolstered by declining Iranian Continue Reading
U.S. import prices increase 0.5 percent on jump in fuel
U.S. import prices jumped faster than expected in September amid resurgent energy prices but prices excluding fuels were unchanged. The Labor Department said on Friday import prices rose 0.5 percent Continue Reading
Oil rebounds to $81, pares gain as IEA sees adequate supply
Oil rose to $81 a barrel on Friday, rebounding after two days of declines, though prices pared gains after another closely watched forecaster deemed supply adequate and the outlook for Continue Reading
Stock Market Chaos Sparks Oil Selloff
The plunge in global equities on Wednesday and Thursday dragged down crude oil, with even concerns about falling Iranian supply not enough to keep crude from a steep selloff. Brent Continue Reading
Oil Experts Divided As Iran Sanctions Loom
The heads of the world’s top oil trading houses are unanimous that Iranian sanctions will remove a large chunk of oil from the market, more than initially expected, but they Continue Reading