Oil

Extraordinary Level Of Chaos And Confusion Now Engulfing World Markets…”​Saudis Unleash War Against Russia”

Monday, January 26, 2015
By Paul Martin

KingWorldNews.com January 26, 2015 With the U.S. dollar pulling back and crude oil still struggling near multi-year lows, today King World News is featuring a piece that discusses the extraordinary level of chaos and confusion that has now engulfed world markets. This piece takes readers on a walk through the historic events that are... »

Junk Bonds and Fracking at Low Oil & Gas Prices: Wave of Defaults, “Outright Liquidations” Next

Monday, January 26, 2015
By Paul Martin

by Wolf Richter WolfStreet.com January 25, 2015 Next Chapter in the Great American Oil Bust Every rally in crude oil since June turned out to be a pathetic sucker rally. On Friday, West Texas Intermediate fell over 2% to $45.32 a barrel, back where it had been on January 12, annihilating most of the... »

Putin Draws Line In The Sand As West’s Major Oil Companies Push For War

Sunday, January 25, 2015
By Paul Martin

KingWorldNews.com January 25, 2015 After back-to-back weeks of historic announcements that rocked the global markets, today a 41-year market veteran sent King World News an incredibly powerful piece that warns Russian President Vladimir Putin has drawn a line in the sand, as the West’s major oil companies are pushing for war. By 41-Year Market... »

“Oil Drillers Are Going To Die” In Q2, Conway Mackenzie Warns “Expect Outright Liquidations”

Saturday, January 24, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 01/24/2015 “The second quarter is going to be devastating for the service companies,” warns Conway Mackenzie – the largest U.S. restructuring firm – adding that, despite slashing thousands of jobs, delaying (or scrapping) billions in capex amid the prolonged rout in oil prices, “there are certainly companies that are going... »

Oil Dinosaurs Face Extinction: State Oil Companies And The Meteor-Strike Of Low Oil Prices

Friday, January 23, 2015
By Paul Martin

by Charles Hugh-Smith ZeroHedge.com 01/23/2015 State-owned oil companies that don’t slash expenses to align with revenues and boost critical investment in the infrastructure needed to maintain production will suffer financial extinction. Domestic and international energy companies are responding to the 50% decline in the price of oil by doing what’s necessary to remain in... »

BLINKING RED LIGHT: Big Trouble Ahead For Bakken Oil Production

Friday, January 23, 2015
By Paul Martin

SilverDoctors.com January 23, 2015 BIG TROUBLE is headed for Bakken oil production, and when it arrives, it could push the entire global financial and economic system over the cliff: From the SRSRocco Report: The glory days of the Great Bakken Oil Field are soon coming to an end. With the collapse of the price... »

Drillers on brink of collapse: Oil companies are looking at ‘outright liquidations’, U.S. oil supplies hit highest level in 80 years

Friday, January 23, 2015
By Paul Martin

Investmentwatchblog.com January 23rd, 2015 Conway McKenzie, the largest restructuring firm in the US, says that oil drillers will begin shutting down as soon as the second quarter, followed closely by explorers, according to Bloomberg’s Joe Carroll. The game changed when on January 5, crude broke $50 per barrel for the first time since April... »

If oil drops below $30 a barrel, brace for a global recession…(Depression)

Friday, January 23, 2015
By Paul Martin

By WALLACE WITKOWSKI MarketWatch.com Jan 22, 2015 SAN FRANCISCO (MarketWatch)—The price of oil is about $17 a barrel away from signaling that a global recession is inevitable, according to a new survey of investment professionals. The survey from ConvergEx Group polled 306 investment professionals, asking, among other things, what oil price would show that... »

Russia May Be Forced Into Production Cuts Says Deputy PM

Friday, January 23, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 01/23/2015 The 7-month-old plunge in oil prices will force Moscow to cut its budget for 2015 by 10 percent, perhaps even 15 percent, a senior Russian government official told a panel discussion at the World Economic Forum in Davos Switzerland, adding that Russia may find itself reducing oil production by... »

Icahn: Oil will go lower, Saudi Arabia blindsiding the world

Friday, January 23, 2015
By Paul Martin

Everett Rosenfeld CNBC.com Jan. 22, 2015 The price of oil will go lower as supply and demand remain unbalanced, activist investor Carl Icahn said Thursday. Icahn, who spoke with CNBC’s “Fast Money: Halftime Report,” said that Saudi Arabia’s decision not to cut oil production blindsided the global market, and that he expects the commodity’s... »

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