Oil

Is The Oil Crash A Result Of Excess Supply Or Plunging Demand: The Unpleasant Answer In One Chart

Friday, August 21, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 08/21/2015 Courtesy of the following chart by BofA, we have the answer: while for the most part of 2015, the move in the price of oil was a combination of both supply and demand, the most recent plunge has been entirely a function of what now appears to be a... »

Low Oil Prices Could Break The “Fragile Five” Producing Nations

Thursday, August 20, 2015
By Paul Martin

By Nick Cunningham OilPrice.com Wed, 19 August 2015 Persistently low oil prices have already inflicted economic pain on oil-producing countries. But with crude sticking near six-year lows, the risk of political turmoil is starting to rise. There are several countries in which the risks are the greatest – Algeria, Iraq, Libya, Nigeria, and Venezuela... »

More Chaos In China, Turmoil In The Currency Markets And A Remarkable Chart Of Gold And Oil

Thursday, August 20, 2015
By Paul Martin

KingWorldnews.com Aug. 20, 2015 On the heels of the Shanghai stock market plunging another 3.5%, today one of the greats in the business sent King World News a fantastic piece that warns about the chaos in China, oil and the currency markets. Also included is a fascinating chart of gold and oil. King World... »

Social Unrest Growing In Kazakhstan As Oil Prices, Currency War Batter Economy

Wednesday, August 19, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 08/19/2015 Currency wars triggered a collapse in the Tenge overnight and sinking oil prices are putting the brakes on Kazakhstan’s once-soaring economy, forcing layoffs in the all-important energy sector. With memories of the months-long strike in the western town of Zhanaozen that culminated in a bloody crackdown in 2011 still... »

What Today’s Oil Plunge To 2009 Levels Means For Earnings, In One Chart

Wednesday, August 19, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 08/19/2015 Moments ago, following the DOE report of an unexpected jump in oil inventories which caught all algos by surprise, oil plunged by over $1 to a price not seen since 2009. So what does this mean for S&P 500 earnings in general, and energy earnings in particular? Nothing short... »

Junk-Rated Offshore Drillers Headed into Bankruptcy: Fitch

Tuesday, August 18, 2015
By Paul Martin

by Wolf Richter WolfStreet.com August 17, 2015 After fracking, offshore drilling. At the leading edge is rig-contractor Hercules Offshore. In March 2014, before the oil price collapsed, it had the temerity to sell for 100 cents on the dollar $300 million in junk bonds. Since then, its shares have collapsed to near zero. Its... »

Funds For Fracking Finally Dry Up: One Last Hail Mary Pass Remains

Monday, August 17, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 08/17/2015 Is Saudi Arabia on the verge of winning the war on US Shale firms? It appears the spigot of malinvestment-subsidizing liquidity that kept numerous zombie energy firms alive has been shut off almost entirely. As oil prices return to cycle lows, so credit risk has spiked to record highs... »

Copper & Crude Carnage Continues

Monday, August 17, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 08/17/2015 Perhaps at the margin, weak Japanese GDP – as it heads for a quintuple-dip recession – could be today’s catalyst but both crude and copper prices are re-tumbling this morning, pressing cycle lows. The USDollar is drifting higher and dos not appear a major driver today. However, broadly speaking... »

‘Everybody is waiting for doomsday’ in Texas

Sunday, August 16, 2015
By Paul Martin

MYLES UDLAND BusinessInsider.com Aug. 16, 2015 Oil prices are at a six-year low, and almost nowhere is the pain being felt more than in Texas. This weekend, The New York Times published a great look at how the crash in oil prices has impacted the economic fortunes of Karnes County, Texas. Karnes County is... »

Why Crude Oil’s Carnage Has Only Just Begun

Friday, August 14, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 08/14/2015 If crude’s slump back to a six-year low looks bad, Bloomberg notes that it’s even worse when you reflect that summer is supposed to be peak season for oil, and “it will get more so as refiners go into maintenance.” The Rest…HERE Share on Facebook »

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