Oil

‘We stand strong’: Standing Rock water protectors defy Army Corps’ threat of camp eviction (VIDEO)

Sunday, November 27, 2016
By Paul Martin

RT.com 27 Nov, 2016 Standing Rock activists said they would continue to stand their ground in the fight against the crude oil Dakota Access Pipeline, in defiance of a US Army Corps notice which stated that the location of a protest camp will be out of bounds from December 5. Supporters of indigenous tribes... »

North Dakota Native Protesters Set to Mark Thanksgiving Under Government Siege

Wednesday, November 23, 2016
By Paul Martin

SputnikNews.com 24.11.2016 While US citizens cook Turkeys for Thanksgiving dinner tables, Native American protesters in North Dakota continue being seriously injured in clashes with heavily-weaponized security forces. Thanksgiving Day is commonly associated in America with the Pilgrims and “the Indians” sitting down to a big harvest feast in 1621 to celebrate a peace treaty.... »

“It Feels Like A Warzone”: 400 North Dakota Pipeline Protesters Clash With Police; 167 Injured

Monday, November 21, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Nov 21, 2016 Some 400 protesters, opposed to a North Dakota oil pipeline project they say threatens water resources and sacred tribal lands, clashed with police who fired tear gas at the scene of a similar confrontation last month. A total of 167 demonstrators have been injured according to a... »

It Gets Ugly in Houston

Friday, November 18, 2016
By Paul Martin

by Wolf Richter WolfStreet.com November 18, 2016 Auto Sales, Construction Get Totally Crushed. When the oil bust started in July 2014, it was just a blip. By 2015, bankruptcies were cascading through the oil patch. In early 2016, with WTI down over 70% from its pre-bust levels, it got even worse. But the price... »

The largest oil deposit ever found in America was just discovered in Texas

Wednesday, November 16, 2016
By Paul Martin

Akin Oyedele BusinessInsider.com Nov. 16, 2016 An estimated average of 20 billion barrels of oil and 1.6 billion barrels of natural gas liquids are available for the taking in the Wolfcamp shale, which is in the Midland Basin portion of Texas’ Permian Basin. Based on a West Texas Intermediate crude oil price of $45... »

Oil Fades After Iraq, Iran And Nigeria Oil Ministers All Decide To Skip OPEC Doha Meeting

Wednesday, November 16, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Nov 16, 2016 In yet another sign that behind the frequently blasted OPEC headlines meant to suggest a sense of OPEC unity yet which do nothing more than incite a short squeeze (as even Morgan Stanley has now admitted), there is far less cohesion, moments ago we learned that Nigeria’s... »

Will Trump Send The Price Of Oil Soaring?

Sunday, November 13, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Nov 13, 2016 Suddenly there is a ray of hope in OPEC’s dark world, and it comes courtesy of president-elect Donald Trump, who just may eliminate as much as 1 million barrels of OPEC oil output, or the cartel’s entire excess production, should he undo the deeply unpopular within GOP... »

Major Quake Strikes Cushing, Oklahoma – Near US’ Largest Oil Storage Facility

Monday, November 7, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Nov 6, 2016 Shortly after 1945 local time, a strong 5.0 magnitude earthquake struck some 50 mile northeast of Oklahmoa City. The nearby town of Cushing, home of America’s largest oil storage facility, experienced structural damage and lost power. No injuries have been reported. The Rest…HERE Share on Facebook »

END OF THE U.S. MAJOR OIL INDUSTRY ERA: Big Trouble At ExxonMobil

Friday, November 4, 2016
By Paul Martin

By: Steve St. Angelo, SRSrocco Report GoldSeek.com Friday, 4 November 2016 The era of the mighty U.S. major oil industry is coming to an end as the country’s largest petroleum company is in big trouble. While ExxonMobil has been the most profitable U.S. oil company in the past, it suffered its worst year on... »

Oil Slammed Lower After Saudi Threatens To Ramp Up Supply

Friday, November 4, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Nov 4, 2016 Follow OPEC’s blame-mongering statement earlier today -“observers should not be quick to judge or criticize” the organization – it appears mutiny is occurring within the cartel as OPEC sources report Saudi Arabia threatening to “steeply raise” output following Iran’s refusal to cap output. WTI is tumbling on... »

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