Oil

The Multi-Trillion Dollar Oil Market Swindle

Tuesday, July 14, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/14/2015 In the past, we documented the overstatements by both the IEA and EIA in 2014 & 2015 in terms of supply, inventory and understatements of demand. Others also noticed these distortions and, whether intentional or not, they exist and they are very large in dollar terms. These distortions, which... »

These Factors Will Send Oil Prices Down Even Further

Monday, July 13, 2015
By Paul Martin

By Euan Mearns OilPrice.com Mon, 13 July 2015 I have become an avid reader of the International Energy Agency Oil Market Report. A ”free” synopsis is published mid-month with the full report and data tables made public at the end of the month. Here are the bullets from the report summary published on 10th... »

Oil Price Plunge Reignites Fears for Indebted Shale Companies

Friday, July 10, 2015
By Paul Martin

by Nick Cunningham via OilPrice.com ZeroHedge.com 07/10/2015 The latest fall in oil prices is once again putting pressure on indebted shale companies. After falling from over $100 per barrel down to $43 per barrel at its lowest point in March of this year, WTI prices rebounded with a 40 percent rise, trading for more... »

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... »

Support Revolution Radio