Oil

ConocoPhillips Fires 10% Of Global Workforce, Warns Of “Dramatic Downturn” To Oil Industry

Tuesday, September 1, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 09/01/2015 Where the great oil crash hits close to home for most Americans, is when firms such as Houston based ConocoPhillips announce that the E&P giant is about to terminate 10%, or 1,800 people, of its global workforce, in the next several weeks as it copes with low oil prices.... »

Turmoil In Asia Rocks Global Markets As Crude Oil Plunges And Gold Surprises

Tuesday, September 1, 2015
By Paul Martin

KingWorldNews.com Sept. 1, 2015 On the heels of massive selling in Asian markets, including Shanghai, today two of the greats in the business sent King World News fantastic pieces that warn the turmoil in Asia rocks global markets as crude oil plunges and gold surprises. Heavy Selling In Asian Markets September 1 (King World... »

X22 Report:The Petrodollar Is Unwinding Which Will Send The Economy Into A Full Blown Collapse. Central Bankers Are Now Blaming This Collapse On China.

Tuesday, September 1, 2015
By Paul Martin

Foreign investors are nervous and they are removing their investments from China. Japan factory output declines. Canada is heading into a major recession. Chicago PMI and Dallas manufacturing implode. Walmart give employees a raise then cuts hours. Retail department stores is now declining. Central banks removing their gold from the FED. The petrodollar is... »

Oil Surges To $45 After Saudi Troops Invade Yemen

Friday, August 28, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 08/28/2015 For the 3rd day in a row, crude oil prices are spiking as the short squeeze morphs into a war premium. Heberler reports that Saudi ground troops have entered Northern Yemen and seized control of two areas in the Saada province. WTI is now above $45… As we noted... »

RLN- Obama & UN Combining to Confiscate Guns-TSA On Trains-China Is Broke

Thursday, August 27, 2015
By Paul Martin

by Dave Hodges TheCommonSenseShow.com 26 Aug, 2015 In episode 9 of Red List News, Dave “goes deep” with newly released, explosive evidence of more dastardly, and criminal, deeds by the soon to be indicted, Hillary Clinton. In a story with an ironic twist, Jim covers Saudi Arabia and the financial calamity that they face... »

Iran Prepared To Defend Old Market Share “At Any Cost”

Wednesday, August 26, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 08/26/2015 Iran’s oil minister says his country supports calls for an emergency OPEC meeting to explore ways to shore up the price of oil, but even without such an effort, Tehran is willing to regain its market share “at any cost.” Iran once was OPEC’s second-leading producer, after Saudi Arabia,... »

For Saudi Arabia, The Music Just Stopped: Scramble To Slash Spending Begins As Oil Math Reveals Dire Picture

Tuesday, August 25, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 08/25/2015 With declining crude revenues clashing head on with the cost of simultaneously financing the state while intervening militarily in Yemen, the Saudis are looking to tap the bond market (a move which could increase debt-to-GDP by a factor of 10 by the end of next year) and some are... »

Oil Price Collapse Triggers Currency Crisis In Emerging Markets

Monday, August 24, 2015
By Paul Martin

By Nick Cunningham OilPrice.com Sun, 23 August 2015 Emerging market currencies are getting slammed by the collapse in commodity prices, a downturn that has accelerated in recent weeks. The health of many middle-income and emerging market economies has been predicated on relatively strong commodity prices. A whole category of countries achieved strong growth by... »

Crude oil collapses to a stunning new low

Monday, August 24, 2015
By Paul Martin

MYLES UDLAND BusinessInsider.com Aug. 24, 2015 Along with almost all other assets, crude-oil prices are collapsing. In early trade on Monday morning, the price of West Texas Intermediate was down about 5.7% and traded as low as $38.13 a barrel, a new post-financial-crisis low for the commodity that has been getting hacksawed this year.... »

Stock markets in Saudi Arabia, Dubai, Abu Dhabi, and Qatar crashed

Sunday, August 23, 2015
By Paul Martin

BusinessInsider.com Aug. 23, 2015 Stock prices in Gulf states nosedived on Sunday in a massive market sell-off sparked by descending oil prices, with the Saudi and Dubai bourses leading the slide. The Tadawul All-Shares Index in Riyadh, the Gulf’s leading market, shed 549.51 points or 6.86 percent to close at 7,463.32 points. The kingdom’s... »

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