Oil

Oil price could fall as low as $US43, Morgan Stanley says

Monday, December 8, 2014
By Paul Martin

TheAge.co.au December 8, 2014 Oil prices fell by more than a dollar on Monday to near their lowest levels since 2009 after Morgan Stanley cut its price forecast for Brent, saying oversupply will likely peak next year with OPEC deciding not to cut output. “Without OPEC intervention, markets risk becoming unbalanced, with peak oversupply... »

Oil Crash Comes Home To Roost: ConocoPhillips To Slash 2015 CapEx By 20%

Monday, December 8, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/08/2014 With every single hollow chatterbox repeating that crashing oil prices are “unambiguously good” it is clearly the case that the opposite is true. And sure enough, the first indications that the crude price crash is about to lead to some serious pain in the US came first yesterday from... »

Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults Next

Monday, December 8, 2014
By Paul Martin

by Wolf Richter WolfStreet.com December 7, 2014 The price of oil has plunged nearly 40% since June to $65.63, and junk bonds in the US energy sector are getting hammered, after a phenomenal boom that peaked this year. Energy companies sold $50 billion in junk bonds through October, 14% of all junk bonds issued!... »

Oil Crashes

Monday, December 8, 2014
By Paul Martin

Stefano Pozzebon and Myles Udland BusinessInsider.com Dec. 8, 2014 Crude oil is crashing again. On Monday morning, the price of both Brent and WTI crude was at a five-year low, extending losses that started accelerating about two weeks ago after OPEC did not move to curb production. Many in the market expected OPEC to... »

150 Billion Reasons Why Low Oil Prices Are Not Good For The Global Economy

Saturday, December 6, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/05/2014 While the clear narrative forced upon the investing (and consuming) public is that lower oil prices are great for the economy – which is utter crap (as we have explained here and here) – the fact of the matter both primary and secondary effects are extremely significant… and already... »

Plunging oil prices will starve the world of its economic fuel

Friday, December 5, 2014
By Paul Martin

Low prices mean no new oil, and no new oil means no growth By Chris Martenson MarketWatch.com Dec 5, 2014 The world economy is slowing down and the authorities are worried. Besides the official gross domestic product statistics, we have further confirmation of this slowdown from the four big commodities associated with growth; oil... »

Here Is Oil’s Next Leg Down

Thursday, December 4, 2014
By Paul Martin

by Raul Ilargi Meijer ZeroHedge.com 12/04/2014 Perhaps those sub-$50 Bakken prices tell us pretty much where global prices are ahead. And then we’ll take it from there. With 1.8 million barrels “that nobody needs” added to the shale industries growth intentions, where can prices go but down, unless someone starts a big war somewhere?... »

Shale Liquidations Begin? Sub-$50 Oil Appears In North Dakota

Thursday, December 4, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/04/2014 When ISIS dared to steal and sell oil at below market rates, they were dire pirates that needed to be destroyed (and anyone who dared to buy it was pariah). So when, as Bloomberg reports, crude sold at the wellhead in the Bakken shale region in North Dakota fell... »

Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives

Wednesday, December 3, 2014
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com December 3rd, 2014 Could rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market? The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil... »

New US Oil Well Permits Collapse 40% In November, Fed Still “Not Worried”?

Wednesday, December 3, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 12/03/2014 Houston, we have a problem-er. With a third of S&P 500 capital expenditure due from the imploding energy sector (and with over 20% of the high-yield market dominated by these names), paying attention to any inflection point in the US oil-producers is critical as they have been gung-ho “unequivocally... »

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