Oil

Oklahoma’s strongest ever earthquake is felt across seven states after experts warned fracking could lead to increase in seismic activity

Saturday, September 3, 2016
By Paul Martin

United States Geological Survey said a 5.6 magnitude earthquake happened at 7.02am Saturday The quake was centered about 9 miles northwest of Pawnee, Oklahoma, which has a population of about 2,200 People in Kansas City and St. Louis, Missouri; Fayetteville, Arkansas; Des Moines, Iowa; and Norman, Oklahoma, all reported feeling the earthquake No injuries... »

How Millennials Could Bring The Oil Industry To Its Knees

Friday, September 2, 2016
By Paul Martin

by Julianne Geiger via OilPrice.com, ZeroHedge.com Sep 2, 2016 Maybe in better times, the staggering population of the millennial demographic would be a hurdle over which Big Oil could easily leap. But times are tough, and that isn’t our today. Today, we have Saudi Arabia, Iran, and OPEC officials swaying the oil market with... »

‘Everything is black’ Apocalyptic scenes as ISIS torch oil wells while fighters flee

Thursday, September 1, 2016
By Paul Martin

ISLAMIC STATE fanatics attempted to burn an Iraqi town to the ground after they were forced to abandoned it by advancing government forces. By JOE BARNES Express.co.uk Thu, Sep 1, 2016 The Iraqi Army’s Twitter account posted images of smoke billowing into the sky after members of the bloodthirsty terror network ruptured pipelines and... »

Oil Plunges Under $45 – Near Saudi-Short-Squeeze-Lows

Wednesday, August 31, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 31, 2016 After the biggest short squeeze in history – thanks to a well-placed and entirely useless Saudi statement about OPEC freeze discussions – oil prices have slipped notably – now back below $45 once again… As we said before – the short-squeeze ammo has run out – and... »

Oil Extends Losses As ‘Short-Squeeze’ Ammo Is Now Exhausted

Monday, August 29, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 29, 2016 WTI Crude is now down 6% from last week’s highs, back below $47 as supply concerns (Abu Dhabi production rise and ConocoPhilips’ CEO comments) and OPEC freeze talks doubts have combined with the biggest collapse in speculative short positions in history (following the Saudi statement) – removing... »

Explosion rocks California’s largest oil refinery, investigation underway

Saturday, August 27, 2016
By Paul Martin

RT.com 27 Aug, 2016 An explosion at an oil refinery in Los Angeles sent a cloud of chemicals, including sulfur, into the air. No injuries were reported, but members of the public were advised to stay indoors as a precaution. The blast took place on Friday afternoon when a sulfur tanks exploded at the... »

Oil Spikes On Iran Report Saudi Aramco Facilities Hit By Yemen Missiles

Friday, August 26, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 26, 2016 Yemeni forces have fired ballistic missiles at the facilities belonging to the Saudi state oil giant Aramco in the kingdom’s southwest, Iran’s PressTV report. The retaliatory attack took place on Friday, hitting targets in Saudi Arabia’s Jizan region and causing considerable damage to the Aramco facilities there,... »

Debt At The Big 4 Oil Companies Hits A Record $184 Billion

Wednesday, August 24, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 24, 2016 So what do you do when the commodity you harvest and sell suddenly collapses by 50-60% and slashes your operating profit? If you said, raise a whole bunch of debt and continue spending on new capital projects to drill for even more supply in a collapsing market... »

Crude Slammed After Inventory Builds Across Entire Oil/Product Complex

Wednesday, August 24, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 24, 2016 Following API’s reported biggest crude build in 4 months overnight, which weighed on oil prices, DOE exasperated the pain by signaling builds across the entire complex. Crude’s build of 2.5m barrels (biggest in 3 months) was less than API but more than the expectd 850k draw but... »

We’ve Entered the Twilight Zone in Oil

Sunday, August 21, 2016
By Paul Martin

Why this is Not the Time to Chase Oil Stocks. by Dan Dicker WolfStreet.com August 21, 2016 We’ve entered the twilight zone in oil, where rumors and financial moves in outer markets are affecting oil and the stocks we’ve accumulated, making trading these markets not only difficult, but dangerous. We’ve got to stay disciplined... »

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