Search Results for: U.S. oil
Depressed Oil Prices Push OPEC Revenue Below $1 Trillion In 2014
June 19th, 2015
The 2014 crash in oil prices caused the combined oil earnings of OPEC’s 12 members to drop 11 percent from $1.112 trillion in 2013 to $993.3 billion in 2014. It is the first time the group’s revenue has fallen ...
Oil prices fall on oversupply, but US crude supported by Gulf of Mexico storm
June 15th, 2015
Oil prices extended declines on Monday after two straight days of losses late last week as high production offset strong refinery runs, but a storm that could impact Gulf of Mexico operations supported U.S. crude. Saudi Arabia, the world’s ...
Developing Countries Face Tough Transition in 2015 with Higher Borrowing Costs and Lower Prices for Oil & Other Commodities
June 11th, 2015
Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs as they adapt to a new era of low prices for oil and other key commodities, resulting in a fourth consecutive ...
Shell Expects Oil Rebound as Shale Fails to Fill Supply Gap
June 4th, 2015
Royal Dutch Shell Plc sees oil prices rising because supply from shale drilling in the U.S. won’t be enough to satisfy growing global demand. The industry needs to find an extra 4 million barrels to 5 million barrels a ...
Expect The Recent Oil Rally To End Badly If OPEC Doesn’t Cut
June 2nd, 2015
The U.S. rig count dropped by 10 rigs this week after only falling by 3 last week. No doubt some analysts will say that this increase is somehow important and that a return to normal–i.e., high oil prices–is around ...
Why Oil’s Rally Is Over
May 22nd, 2015
A lot of people have got very excited as the price of WTI has bounced back from the lows reached a few months ago. If oil fails to break and hold above $62 this time around, however, their enthusiasm ...
Hedge Funds Lose Faith in Oil Rally as OPEC Seen Boosting Supply
May 18th, 2015
Speculators are losing faith in the oil rally, judging that OPEC will keep increasing supply from the highest level since 2012. Their net-long position in West Texas Intermediate crude dropped 2.1 percent, as long wagers fell the most in ...
Putin’s Next Takeover Target Is Oil Giant’s $34 Billion Cash Pile
May 12th, 2015
In Russia, even private companies serve at the pleasure of the president, particularly if they pump oil. A decade ago, Vladimir Putin’s allies had Mikhail Khodorkovsky jailed and seized his Yukos Oil Co. Last year, they forced billionaire Vladimir ...
Crude-Oil Bulls Threatened as Shale Patch Revives Drilling Plans
May 11th, 2015
The rally in crude oil is reviving the U.S. shale boom, threatening speculators who are the most bullish on prices since July. Money managers increased their net-long position in West Texas Intermediate crude by 3.9 percent in the seven ...
Oil prices fall on oversupply fears, ignore record China imports
May 8th, 2015
* China’s monthly crude imports up 13 pct on month * But analysts warn fundamentals remain weak (Re-leads with price falls, updates prices) Oil fell on Friday, erasing gains earlier in the session, as concerns over oversupply outweighed strong ...
