Here's Where The Russians See Oil Prices Going Next Year
The Russians are being more cautious than usual. They expect oil prices to average $55 per barrel even as Brent crude prices closed at $62.76 and Urals crude is priced at around $60. Russian oil prices right around the...
Oil prices jump as China imports soar, Canada fires still burn
By Jenny W. Hsu, Ben Dummett , and Chester Dawson
Published: May 9, 2016 6:40 a.m. ET
Market absorbing dismissal of Saudi Arabia’s oil minister
Oil prices were higher on Monday, boosted by strong crude imports...
The only map you need to see to know the Arctic is the next major frontier
Global warming has increasingly led to the melting of Arctic ice.
And, as the ice melts, the world's last true backwater will become a hotbed of global geopolitical competition.
The following map...
Markets At Crossroads: Huge Moves Brewing In Stocks And Gold
Thursday, May 05, 2016
by Taki Tsaklanos of InvestingHaven.com
Seldom have we seen so many assets and indicators at decision points simultaneously! We see stocks, gold, and the U.S. dollar trading at extremely important levels, all...
4 Must-Know Reasons Why This Oil Rally Won’t Last
By Ellen R. Wald, Ph.D.CommoditiesMay 03, 2016 06:43AM ET
Ellen R. Wald, Ph.D.
The price of oil reached a new 2016 high last week - $46. Oil’s steady climb over the past few weeks, coupled with small but continual reductions in U.S...
Oil Rally: Early Reaction To Rising Inflation?
By Michael AshtonMarket OverviewApr 27, 2016 06:11AM ET
I am sure that in my career I have seen weirder reactions. But when the Durable Goods number came out yesterday and plainly was significantly weaker-than-expected and...
The Week Ahead: Time To Sell The News?
By Jeff MillerStock MarketsApr 18, 2016 01:26AM ET
The economic calendar is moderate. Fed Heads are mostly on the bench. The Doha oil conference (combining OPEC and non-OPEC producers) will be the first major news for the week ahead...
Top oil countries fail to reach deal on production freeze
by Charles Riley and John Defterios @CNNMoneyInvest April 17, 2016: 3:04 PM ET
Doha: Oil's big freeze?
The world's top oil producers walked away from a marathon negotiating session on Sunday without an agreement to freeze crude...
Why no economic boost from lower oil prices?
Many analysts had anticipated that a dramatic drop in oil prices such as we’ve seen since the summer of 2014 could provide a big stimulus to the economy of a net oil importer like the United States. That doesn’t seem to be what we’ve...
OPEC Report Suggests Massive Oil Price Rebound
By Brad Beago 15 hours ago
The headlines reacting to OPEC’s April Oil Market Report generally read “OPEC concerned about global oil demand” and as such, oil prices traded down slightly on April 13, despite an overall positive market.
Crude falls from 2016-high, as Al-Naimi downplays prospects for cuts
CommoditiesApr 13, 2016 02:26PM ET
Both Brent and WTI retreated on Wednesday from yearly-highs closing below $45
Investing.com -- Crude futures retreated from 2016-yearly highs before paring considerable losses on a...
Fretting over Mortgage Backed Securities, Fitch Warns about Home Prices in Texas
by Wolf Richter • April 6, 2016
Real estate pros are preparing for a downturn.
Texas is, let’s say, in transition – from a phenomenally booming economy to something other than a booming economy. The oil bust is...
Perfect Storm for Oil Started on Schedule and Continues to Build
The perfect storm I predicted against the price of oil in the Ides of March has not fully developed, but all the forces I spoke of are continuing to build. The balmy days that prevailed for oil prices in early March have gone...
Shocking Photo: Nearly 30 Oil Tankers in Traffic Jam Off Iraqi Coast
By Charles Kennedy April 7, 2016 12:48 PM
Oil tankers are caught in a traffic jam near the Iraqi port of Basra, causing delays in loading. According to Reuters, around 30 very large crude carriers (VLCCs) are sitting in the...
Oil futures waver after supply-driven rally loses steam
By Jenny W. Hsu and Georgi Kantchev
Published: Apr 7, 2016 8:37 a.m. ET
Doubts grow that major oil producers will agree to an output freeze
Oil edged lower in choppy trade Thursday, as investors weighed an...
Saudis Retaliate To “Oil Freeze” Fallout: Ban Transport Of Iranian Crude In Territorial Waters
April 4th, 2016
ler Durden: At first, when it announced the terms of its “oil freeze” agreement with Russia one month ago, Saudi Arabia seemed willing to grant Iran a temporary exemption from the...
Saudi Policy Hints At The Future Of Oil
By Matthew AshleyCommoditiesApr 05, 2016 12:24AM ET
Most of the market players are now in agreement about the likelihood and efficacy of an oil production freeze. With oil prices taking further plunges to $35.45, it would appear that everyone has given...
Saudi Arabia can't stop burning through its foreign cash
Business Insider 13 hours ago
Saudi Arabia, the Gulf State which is taking a beating from the crash in oil prices, got another chunk of bad news on the state of its economy.
In a note released by analysts Simon Williams and Razan...
Why Oil Prices Could Plunge Soon
March 29th, 2016
Tyler Durden: ”Energy needs lower prices to maintain financial stress to finish the re-balancing process; otherwise, an oil price rally will prove self-defeating as it did last spring,” Goldman’s Jeffrey Currie recently wrote, on the outlook...
The Oil Surge Was Driven By The Biggest Short-Squeeze Ever
March 28th, 2016
Tyler Durden: Two months ago, just before crude dropped to 13 year lows, we warned oil traders that there is ”a constant short squeeze threat” because “oil shorts are at all-time highs“, adding that “we have seen...
Week Ahead: Energy Sector's Debt Bomb Ready to Explode
By John Persinos Follow | 03/27/16 - 02:02 PM EDT
The clock is ticking ever louder for heavily indebted oil and gas companies, as well as for the banks with the highest ratios of energy loans. Many of these energy and financial services...
The Oil Market is Finally Hitting Its Breaking Point
8 / 28
The Motley Fool
Matthew DiLallo 5 hrs ago
The oil business is nothing more than a rat race. Oil companies continually have to drill new wells to offset the decline from legacy wells. If they drill too much it causes the price...
The Fed’s Loose Lips Helping To Swamp Economic Ship
Thursday March 24, 2016 18:01
James Bullard, had of the ST. Louis Federal Reserve Bank and a voting member of the Federal Open Market Committee felt a compulsion to comment on the decisions that he agreed with just last week. Correct us if...
Oil prices continue rout as supply fears weigh
By Dan Strumpf
Published: Mar 24, 2016 4:14 a.m. ET
Crude hovers below $40
U.S. Department of Energy showed domestic crude stockpiles soared by 9.4 million barrels
Oil futures moved firmly lower in Thursday’s trade...
PRECIOUS-Spot gold targets biggest weekly loss in more than 4 months
* Newcrest hedges some of Telfer gold production
* Gold starting to find benefit from inflation hedge
* Coming up: U.S. durable goods orders at 1230 GMT
By Melanie Burton...
Oil Rally Not Sustainable Says Russian Central Bank
Mar. 19, 2016 11:57 AM ET
Includes: BNO, DBO, DNO, DTO, DWTI, OIL, OLEM, OLO, SCO, SZO, UCO, USL, USO, UWTI
⊕Follow (1,918 followers)
The Russian central bank sees several catalysts that could stop the oil rally in...
A Bearish Oil Revision
Mar. 17, 2016 6:39 AM ET
Includes: BNO, DBO, DNO, DTO, DWTI, OIL, OLEM, OLO, SCO, SZO, UCO, USL, USO, UWTI
The picture in the Permian is very complicated but there seems to be a reasonable chance that oil production in the area will fall this year...
Existential Hours As We Wait For The Fed To Hand Down The Law
Monday March 14, 2016 18:14
This is a perfect day to look at bond yields and what they might be telling us about the FOMOC meeting scheduled for tomorrow and ending Wednesday.
Yet we have to take this snapshot with a grain of salt...
The Weekend Is Upon Us And So Is The Wait For The Fed
Friday March 11, 2016 18:11
Reversing field, equities worldwide today latched back onto the positive side of the sayings of Chairman Draghi of the European Central Bank and to a very modest rise in the price of oil.
But the modest rise in...
Low oil price claims another victim — Goodrich Petroleum to miss bond interest payment
By Ciara Linnane
Published: Mar 8, 2016 1:19 p.m. ET
Exploration firm hopes exchange offer will hold off Ch. 11 filing
Goodrich Petroleum Corp. has become the latest oil company to fall...
Oil stocks tumble as short squeeze fades
By Tomi Kilgore
Published: Mar 8, 2016 1:28 p.m. ET
Oil sector ETF’s components all decline as crude-oil futures pull back
Oil wells pumps in Long Beach, Calif.
Oil stocks traded sharply lower Tuesday, as a pullback in crude-oil...
Oil Presents The Same Old Riddle Only Start From The Middle
Monday March 07, 2016 18:12
Many experts are suddenly touting the idea that the oil crash and long-standing route is dead and ready for burial.
Certainly oil prices are acting as if that is true. At 3 o’clock in New York, West Texas...
Saudi raises crude price to Europe, Asia, cuts it for US
2 / 27
Marwan Naamani 3 hrs ago
Saudi Arabia, the world's largest crude exporter, Wednesday raised the April prices of its oil to Asia and Europe but cut it slightly for shipments to the United States.
The move comes after oil...
We just got another massive sign of how badly Saudi Arabia is suffering from the oil price crash
Feb. 29, 2016, 9:07 AM
REUTERS/Mohamed Al HwaityA man with Saudi Arabia's national flag in 2013 riding with a driver performing a stunt known as sidewall skiing as part of early...
mind you, this is after last weeks report showing gas supplies being drawn down, while crude supplies were up again,
"There’s A Feeling Of Bits Of Ice Cracking All At Once" - This Is The 'Big New Threat' To Oil Prices
One week ago, we reported that even as traders were focusing...
Mansion prices tumble as oil rout hits Houston's rich
12 / 17
By Terry Wade and Anna Driver 11 hrs ago
Prices for mansions in Houston's swankiest neighborhood have tumbled in lock-step with crude prices. The Houston Opera has offered free season tickets to patrons who lost their...
Oil Dances Some More Helping Gold To Move Up
Wednesday February 24, 2016 17:58
One month ago, crude oil closed at 33.35. Today it settled at $32.15. In between those marks, the swing above and below $30 per barrel has been about 10% on either side of the line. It hasn’t budged out of the...
Some would nod in agreement... while others will be calling for arrests for treason...
Were We Lied Into War?
Submitted by Tyler Durden on 02/21/2016
Submitted by Justin Raimondo via AntiWar.com,
Donald Trump threw down the gauntlet at the last GOP presidential debate with his declaration...
Gold Holds Steady as Oil Sinks and Equities Struggle
Friday February 19, 2016 18:25
Gold stayed more or less steady as the session and week neared an end. Spot gold was down, but the April futures contract was up. While it’s easy enough to name suspects in today’s maintenance of the status...
U.S. Crude Inventories Are The Highest Since The Great Depression
January 27th, 2016
Tyler Durden: In case you were under the impression that oil was stabilizing, we thought this chart might help clarify just how “different” it is this time in the energy complex…
U.S. crude inventories are at...
Venezuela Raises Fuel Prices By More Than 6,000 Percent
By Nick Cunningham 3 hours ago
In a televised-address on February 17, Venezuelan President Nicolas Maduro delivered some crushing news to his country.
To address the fiscal crisis facing the country, the government decided to raise...
NFP is DOA
Good Morning Traders,
As of this writing 4:20 AM EST, here’s what we see:
US Dollar: Down at 96.965 the US Dollar is down 89 ticks and trading at 96.965.
Energies: March Crude is up at 31.01.
Financials: The Mar 30 year bond is up 9 ticks and trading at 163.17.
Indices: The Mar...
Dude! Where’s My Car? The Energy Report 1/25/16
Monday, January 25, 2016
by Phil Flynn of The PRICE Futures Group
Oil prices are pulling back after the biggest 2-day rally since 2008 due to concerns that the monster snowstorm out east will zap demand. While most New Yorkers are trying to...
Weaker Economic Output Could Boost Demand For Gold In Russia
Monday January 25, 2016 10:04
(Kitco News) - Weaker oil prices and crippling economic sanctions saw the Russian economy shrink last year at its fastest pace since the global financial crisis.
Monday, the country’s statistical...
The Market Equivalent Of The Classic Flick Jaws
Friday January 22, 2016 17:44
“Just when you thought it was safe to go back in the water…” That was the famous advertising slogan for the classic sea behemoth mega hit, Jaws.
Slightly modified, we have to put that in the form of a question...
Oil's slide below $30 sends shockwaves far and wide
NEW YORK | By Catherine Ngai and Jessica DiNapoli
An oil well is seen near Denver, Colorado February 2, 2015.
U.S. oil stumbled below $30 for the first time in 12 years to levels that threaten the survival of many U.S...
First tanker carrying U.S. crude exports sets off from Texas
By Lynn Cook and Erin Ailworth
Published: Dec 31, 2015 6:27 p.m. ET
Foreign-bound oil is first since 40-year ban was recently lifted
An oil tanker discharges its load of crude oil at the Port of Corpus...