Oil

Dohaha, Slippery Oil Laughs at Nearly Everyone — Myself Included

Sunday, April 24, 2016
By Paul Martin

By David Haggith TheGreatRecession.info April 23, 2016 As predicted relentlessly here, the scuttled meeting in Doha to limit oil production broke up with no agreement at all. The meeting foundered like a tanker snagged in the dessert sands because of the singular obvious factor that should have sunken all hope weeks ago but did... »

Oil is the Most Likely Candidate to Rattle the US Economy

Sunday, April 24, 2016
By Paul Martin

SputnikNews.com 24.04.2016 An acceptable oil price for the US is within the $40–$60 range, this is what its market seems to be expecting; however the chances are that prices could spike by more than this, dealing a blow to the US economy, according to Forbes contributor Brad McMillan. A large part of the current... »

OIL CEO: The oil industry is facing ‘a full-scale’ crisis

Saturday, April 23, 2016
By Paul Martin

Bob Bryan BusinessInsider.com Apr. 23, 2016 Stop me if you’ve heard this one before: The oil industry is in some serious trouble. Prices have plummeted because of a global oversupply, and many companies are facing mountains of debt, loads of expenses, and cratering profits. If you’re looking for some good news on the industry,... »

Halliburton Fires One Third Of Global Staff: “What We Are Experiencing Today Is Unsustainable”

Friday, April 22, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/22/2016 In a brutally frank and painfully honest first quarter operational update, Halliburton president Jeff Miller poured freezing cold water all over the “oil is stabilizing, and everything is going to be awesome” narrative. After explaining that the firm has laid off one-third of its global employees, and pointing to... »

Oil is heading toward another crash…”oil will re-visit the US$20 level”

Friday, April 22, 2016
By Paul Martin

Akin Oyedele BusinessInsider.com Apr. 22, 2016 Some analysts are betting that the recent jump in oil prices will be short-lived. A big meeting of producers in Doha, Qatar last Sunday ended without an agreement to cap output. Christopher Wood, author of CLSA’s weekly GREED & fear letter, said Thursday that this proves oil will... »

It’s A “Full-Scale Cash Crisis” In Oil Schlumberger CEO Admits

Friday, April 22, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/22/2016 “The decline in global activity and the rate of activity disruption reached unprecedented levels as the industry displayed clear signs of operating in a full-scale cash crisis. This environment is expected to continue deteriorating over the coming quarter given the magnitude and erratic nature of the disruptions in activity.”... »

Europe’s Inevitable Intervention In Libya Will Add 1.3 Million Barrels To The World Oil Glut

Wednesday, April 20, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/20/2016 Europe is planning on recolonizing Libya, and so it will send in armed forces in the coming months to restore order and stem the flow of migrants coming from Africa. If this expedition army succeeds in securing parts of the country and restoring law and order, Italian and German... »

ALERT: This Will Be The Biggest Shock For The World In 2016

Wednesday, April 20, 2016
By Paul Martin

KingWorldNews.com April 20, 2016 This will be the biggest shock for the world in 2016. Peter Boockvar: The continued rally in stocks resulted in the highest spread between Bulls and Bears since last August according to II, right before that market selloff. Bulls rose to 47.4% from 41.2% last week and vs 45.4% in... »

Stocks, Oil Continue Soaring On Fake OPEC Meeting “Headline” That Was Just Denied

Wednesday, April 20, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/20/2016 It has become a daily farce. Having soared above yesterday’s highs on the Iraqi’ deputy oil minister’s comments on renewed production freeze meetings, not even 10 minutes later Russia immediately poured cold water all over it: RUSSIA SAYS NO AGREEMENT ON OIL MEETING IN MAY IN RUSSIA... But no... »

Oil Market Hype And Crisis Signal Greater Troubles Ahead

Wednesday, April 20, 2016
By Paul Martin

Brandon Smith Alt-Market.com Wednesday, 20 April 2016 Most people are not avid followers of economic news, and I don’t blame them. Financial analysis is for the most part boring and tedious and you would have to be some kind of crazy to commit a large slice of your life to it. However, those of... »

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