Oil

FDIC Sounds Alarm On Insolvent, “Zero Hedged” Oil & Gas Producers

Friday, July 3, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/03/2015 “U.S. regulators are sounding the alarm about banks’ exposure to oil-and-gas producers, a move that could limit their ability to lend to companies battered by a yearlong slump in prices,” WSJ reports, reinforcing the notion that North America’s “zero hedged” O&G sector is in for a rough ride. The... »

Crude Carnage Continues – WTI Hits $55 Handle, Brent Tests $60

Friday, July 3, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/03/2015 Trading at its lowest since early April, WTI Crude has re-tumbled again today to a $55 handle as Greferendum deleveraging and Iran chatter send futures down 2.5%… Brent crude neared a break below the crucial $60 level in early trading. The Rest…HERE Share on Facebook »

Very Recent Huge Increase In Quakes A “Game-Changer” For Oklahoma Oil & Gas

Friday, June 26, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 06/26/2015 The recent spike in earthquakes in Oklahoma could present a “game changer” for regulators. That is how regulators themselves described the spate of earthquakes that struck the state between June 17 and June 24, according to Reuters. “If there is damage and loss of life, you will see the... »

Low Oil Prices Prompt Statoil To Cut Even More Jobs

Friday, June 19, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 06/19/2015 Once more Statoil is reducing its richest asset – employees – in order to keep financial losses to a minimum because of low oil prices. It will eliminate up to 1,500 more full-time jobs and 500 temporary consultant positions by the end of 2016. “We regret the need for... »

The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi

Tuesday, June 9, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 06/09/2015 As Russia adjusts to Western sanctions stemming from the conflict in Ukraine, Gazprom is now settling all crude sales to China in renminbi. At the intersection of the petrodollar’s death and yuan hegemony is: the PetroYuan… The Rest…HERE Share on Facebook »

Awkward: Day After EPA Finds Fracking Does Not Pollute Water, Top Oil Regulator Resigns Over Water Contamination

Saturday, June 6, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 06/06/2015 Put this one in the awkward file: just hours after the EPA released yet another massive study (literally, at just under 1000 pages) which found no evidence that fracking led to widespread pollution of drinking water (an outcome welcome by the oil industry and its backers and criticized by... »

A Remarkable View Of The War In The Silver Market And A Major Crude Oil Warning

Thursday, May 28, 2015
By Paul Martin

KingWorldNews.com May 28, 2015 Today King World News is pleased to share a fantastic piece which give readers a remarkable view of the war in the silver and crude oil markets. This piece also includes two key illustrations that all KWN readers around the world must see. By Jason Goepfert Founder & CEO Of... »

JIM CHANOS: There’s a ‘disaster waiting to happen’ in the oil and gas industry

Wednesday, May 27, 2015
By Paul Martin

ANDY TULLY, OILPRICE.COM BusinessInsider.com MAY 27, 2015 Huge oil companies, among the largest businesses in the world, don’t excite hedge fund manager Jim Chanos because today they have to work harder and more inefficiently than ever to bring their products to market. “e’re just seeing that … these guys like Exxon and Chevron and... »

Drilling Efficiency To Keep Oil Prices Low

Sunday, May 24, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 05/24/2015 Economics 101 tells us that prices in a free market are set by the interaction of supply and demand. The world oil markets have gotten a graphic lesson in that truth over the last year, as the dramatic surge in US oil production has met stagnant demand. This, in... »

Goldman Sachs Predicting $45 Oil By October

Wednesday, May 20, 2015
By Paul Martin

By James Stafford OilPrice.com Tue, 19 May 2015 Could oil prices be in for yet another decline? Oil prices have rebounded with surprising speed in recent weeks, with WTI prices bouncing by more than a third from March lows. There are good reasons for this. Rig counts are down by nearly 1,000 (or nearly... »

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