Oil

The World’s Greatest Oil Chokepoints, And Why Yemen Matters

Thursday, March 26, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 03/26/2015 About half the world’s oil production is moved by tankers on fixed maritime routes, according to Reuters. The blockage of a chokepoint, even temporarily, can lead to substantial increases in total energy costs and thus, these checkpoints are crucial to global energy security. While Hormuz remains the largest chokepoint... »

Oil Surges, Gold and Silver Spike as Saudi Arabia Bombs Yemen

Thursday, March 26, 2015
By Paul Martin

By: GoldCore GoldSeek.com Thursday, 26 March 2015 – Geopolitical tensions in Middle East escalate dramatically as Saudi Arabia bombs Yemen - Yemen’s government seized power in coup – Regarded as hostile to Saudi and ally of Iran – Saudi attack is an escalation of Middle Eastern proxy war between Gulf States and Iran –... »

Three Triggers That Will Send Oil Crashing Again

Tuesday, March 24, 2015
By Paul Martin

By Charles Kennedy OilPrice.com Tue, 24 March 2015 Oil prices bounced back on March 24 on a sliding U.S. Dollar, but the pain may not be over yet. Oil storage capacity continues to deplete. Storage levels at Cushing, Oklahoma, home to the crucial WTI benchmark, are at record levels. As of March 13, Cushing... »

The Perfect Storm For Oil Hits In Two Months: US Crude Production To Soar Just As Storage Runs Out

Sunday, March 22, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 03/21/2015 At the current rate of record oil production, storage will be exhausted in under two months, some time in mid-May. At that point, with no more storage to buffer the record oil production, the open market dumping begins and prices of WTI will crater as every barrel will have... »

Pink Slips: 100,000 Jobs Wiped Out Amid Oil Price Collapse: “Spreading Like Cancer”

Saturday, March 21, 2015
By Paul Martin

Mac Slavo March 21st, 2015 SHTFplan.com Low oil prices are good for America according to President Obama. In fact, he has personally taken credit for the savings you’re experiencing. In a normal economy lower prices at the pump would certainly help to spur growth in other sectors. The problem, of course, is that the... »

Global Shale Revolution On Hold

Saturday, March 21, 2015
By Paul Martin

By James Stafford OilPrice.com Fri, 20 March 2015 Along with the rest of the energy world, we have been closely tracking rig counts (now down 40 percent from last fall) and other data to try to determine where the oil markets are heading. This week, the Energy Information Administration reported that production is finally... »

Just as Global Oil Glut Deepens, China Cuts Oil Imports

Friday, March 20, 2015
By Paul Martin

by Wolf Richter WolfStreet.com March 20, 2015 “We don’t want to lose our share in the market,” Kuwait Oil Minister Ali al-Omair said on Thursday. OPEC had to maintain production despite the plunge in price since last summer, he said, underscoring Saudi Arabia’s position. OPEC would not cut production to goose prices. It would... »

Rig Count Plunge Continues: Total Rigs Lowest Since March 2011, Fastest Drop Since 1986

Friday, March 20, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 03/20/2015 The rig collapse continues, with “only” 1,069 rigs currently operating, down 5.0% from last week’s 1,125, and the lowest since March 2011. The hope (because lately that’s all there is) is that since oil rigs are plunging at an annual pace last seen 1986, that sooner or later production... »

Desperate Shale Companies Issue Stock To Stay Afloat

Friday, March 20, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 03/20/2015 U.S. oil producers are issuing new shares of stock at the fastest pace in more than a decade, looking to investors for a cash lifeline to pay down debt and keep drilling as crude prices continue to sink, Bloomberg notes, a move which paradoxically will only serve to depress... »

A major US energy company has filed for bankruptcy

Thursday, March 19, 2015
By Paul Martin

AKIN OYEDELE BusinessInsider.com MAR. 18, 2015 Quicksilver Resources filed for Chapter 11 bankruptcy protection on Tuesday. In regulatory filings, the energy company said it had $2.35 billion in debt and $1.2 billion in assets. Management said it would face a “potential liquidity shortfall” in the first quarter of 2016, for reasons including its mountain... »

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