Oil

The World’s Largest Shipping Company Is Already Preparing For The Next Oil Crash

Thursday, May 5, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/05/2016 It is the risk that the current 60% rebound in oil prices from 2016 lows is just another temporary bounce, that has forced Maersk to start preparing for the next oil crash. The company’s CEO is confident that since the world keeps producing more petroleum than it can consume,... »

Running on Empty? Why Riyadh’s Economy is in ‘Dire Financial Straits’

Thursday, May 5, 2016
By Paul Martin

SputnikNews.com 05.05.2016 Riyadh is in dire financial straits and there is no guarantee that the Gulf kingdom will be able to overcome the current difficulties; Deputy Crown Prince Mohammed bin Salman’s prognosis that Saudi Arabia’s economy will be diversified away from hydrocarbons by 2020 is nothing less than wishful thinking, Paul Cochrane wrote. Clouds... »

The Fallout From The “Devastating” Canadian Wildfire: Over 500,000 Barrels Offline, $1 Billion In Losses

Thursday, May 5, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/05/2016 Now that Canada has had a chance to evaluate the damage from the historic Alberta fire, the question on everyone’s lips is what will be the near-term impact on oil production. The most comprehensive answer provided so far comes from Morgan Stanley’s Benny Wong who estimates that the total... »

Iran threaten to close the Strait of Hormuz to the US and its allies if they ‘threaten’ the Islamic Republic

Wednesday, May 4, 2016
By Paul Martin

The Strait of Hormuz is a pinchpoint at the end of the Persian Gulf A third of ALL oil carried by sea globally passes through the strait Iran’s Supreme Leader criticised US activities in the gulf earlier this week CHRIS SUMMERS DailyMail.com 4 May 2016 Iran has threatened to close the vital Strait of... »

Houston Office Market Melts Down

Tuesday, May 3, 2016
By Paul Martin

by Wolf Richter WolfStreet.com May 2, 2016 Leasing activity plunges, availability & sublease space balloon Office leasing activity in Houston in the first quarter plunged 25% from the already beaten-down levels a year ago, to 1.56 million square feet (msf), worse even than during the Financial Crisis, according to commercial real estate services firm... »

Silver and Gold Rally Led By China As They Take Over Pricing

Tuesday, May 3, 2016
By Paul Martin

By Steve St. Angelo, SRSrocco Report GoldSeek.com Tuesday, 3 May 2016 While the prices of the precious metals have popped recently, it’s more important to focus on the mid to long term fundamental reasons to own gold and silver. I spoke with Kenneth Ameduri at Crush the Street and talked about the recent spike... »

WTI Crude Tumbles To $43 Handle As Demand Fears Grow

Tuesday, May 3, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/03/2016 Remember when the low oil price was an “over-supply” issue and nothing at all to do with the other side of the same coin – dwindling demand? Well it appears that reality is dawning that a record glut combined with tumbling global growth (confirmed by weakness in China PMI,... »

Are Central Banks Running the Oil Market or Just the World?

Monday, May 2, 2016
By Paul Martin

By David Haggith TheGreatRecession.info May 2, 2016 The question begs for conspiracy theories to satisfy it, but one might more aptly say that central banks beg for conspiracy theories to explain them, since they operate in the shadows while being given charge of all the financial systems of all the world’s greatest economies. Central... »

Canada’s oil and gas industry could be ‘lower for a long time, possibly forever’

Sunday, May 1, 2016
By Paul Martin

David Yager, OilPrice.com BusinessInsider.com May 1, 2016 Never is a long time. The dictionary definition is, “at no time in the past or future; on no occasion; not ever.” In the volatile oil and gas industry, those who try to look that far into the future and predict anything with certainty are invariably wrong.... »

Texas’s Toxic Rivers: Fracking Chemicals Seep Into Waterways After Floods

Sunday, May 1, 2016
By Paul Martin

SputnikNews.com 01.05.2016 The floods Texas has experienced recently have inundated oil wells and fracking sites resulting in the flushing of oil and fracking chemicals into local rivers. Emergency management officials in Texas have mobilized the Civil Air Patrol to photograph possible oil spills and leaks around the flood regions where a catastrophe could be... »

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