Oil

Cyber Threat Has Oil And Gas Majors On Edge

Wednesday, July 8, 2015
By Paul Martin

By Ronke Luke OilPrice.com Tue, 07 July 2015 The massive cyber breach of the U.S. Government’s Office of Personnel Management (OPM) systems is the latest in a string of high profile cyber attacks in the last couple of years. Before OPM, media coverage focused on hacks at Sony Corporation, Home Depot, Target, and Care... »

Crude Carnage Continues After Another Inventory Build & Production Rise

Wednesday, July 8, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/08/2015 For the 2nd week in a row, crude oil inventories saw a build (after 8 weeks of draws) albeit a modest 384k barrels. Cushing also saw an inventory build. At the same time, production rose very modestly back to near cycle record highs (thouygh we note an extremely small... »

The next Greek crisis: gas shortages

Tuesday, July 7, 2015
By Paul Martin

The fiscal standoff threatens to limit the supply of oil and gas into the country. By SARA STEFANINI AND KALINA OROSCHAKOFF Politico.eu 7/7/15 The Greek government’s hunger for cash has stripped the state-run gas company of most of its reserves, raising doubts about how long the country can pay for imports. The DEPA gas... »

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... »

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