5 Negative Factors For Oil Prices
Shale drillers It has been a rough 2 years for forecasters of crude oil prices. Essentially no one saw the 2014 crash coming, and everyone looked on in surprise as Continue Reading
The $1.7 Trillion Oil Industry Isn’t Going Anywhere
This week’s oil prices put the industry at a value of $1.7 trillion – almost three times larger than the $660 billion in revenues generated from all major raw metals Continue Reading
Gail Tverberg: Why There’s No Economically Sustainable Price For Oil Anymore
Actuary Gail Tverberg returns to provide an update on where we are in the global energy story. Her outlook is not rosy: she doesn’t not see a path for society Continue Reading
Oil prices stable as strong dollar weighs, but market tightens
Oil prices were stable on Friday, weighed by a stronger dollar, but supported by signs that physical fuel markets were tightening after two years of ballooning oversupply. The dollar rose Continue Reading
Oil Prices Rise Despite Stronger Dollar
Crude prices closed higher Friday, reversing earlier losses as a stronger U.S. dollar failed to subdue optimism over a tightening market. U.S. crude for December settled up 22 cents, or Continue Reading
Crude oil prices mixed along with market signals
Crude oil prices moved in mixed territory in early Friday trading as claims over global market share competed against market predictions from the World Bank. Crude oil prices reacted Thursday Continue Reading
Oil Holds Near $50 as Investors Weigh Production-Cut Agreement
Russia is capable of substantial production increase: Rosneft Nigeria cuts price of all its crude to boost market share Crude held above $50 a barrel as investors weighed the likelihood Continue Reading
Oil prices stable as strong dollar weighs, but market tightens
Oil prices were stable on Friday, weighed by a stronger dollar, but supported by signs that physical fuel markets were tightening after two years of ballooning oversupply. The dollar rose Continue Reading
Oil Prices Cool Down Amid Tanking U.S. Crude Imports
Whiting refinery As yesterday’s exceedingly mixed weekly EIA report is digested, oil prices are unwinding a good deal of yesterday’s knee-jerk rally. As dollar strength further encourages crude lower, hark, Continue Reading
Natural Gas Prices Fall On Growing Stockpiles
Natural gas prices fell to a two-week low on Thursday, as warm weather and heavy stockpiles continued to weigh on the market. The U.S. Energy Information Administration said natural-gas stockpiles Continue Reading