Oil

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... »

Mexico’s “Legendary” Oil Hedging Desk Is Quietly Preparing For The Next Plunge

Friday, August 12, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 12, 2016 While oil longs and Saudi Arabia are enjoying this week’s latest, substantial short squeeze, prompted if not so much by the latest set of cheerful, if repetitve, IEA “rebalancing” forecasts, the fundamental reality as confirmed not only by a recent Morgan Stanley report which sees oil dropping... »

Iraq’s Deal With Oil Majors Could Crush OPEC’s Output Freeze Plans

Thursday, August 11, 2016
By Paul Martin

by Tsvetana Paraskova via OilPrice.com, ZeroHedge.com Aug 11, 2016 Iraq and oil majors BP, Shell, and Lukoil have agreed to resume investments in oil fields the foreign groups are developing, which is expected to raise the country’s crude output by 250,000-350,000 barrels per day in 2017, Reuters reported on Thursday, quoting Iraqi officials –... »

20 Months, 90 Bankruptcies In North-American Oil & Gas

Thursday, August 11, 2016
By Paul Martin

By Erwin Cifuentes OilPrice.com Aug 08, 2016 A report published earlier this month by Haynes and Boone found that ninety gas and oil producers in the United States (US) and Canada have filed for bankruptcy from 3 January, 2015 to 1 August, 2016. Approximately US$66.5 billion in aggregate debt has been declared in dozens... »

Oil Price Rise Only Temporary; Could Drop Back to Low $20s

Wednesday, August 10, 2016
By Paul Martin

by Bob Adelmann TheNewAmerican.com Wednesday, 10 August 2016 n light of record supplies of gasoline and crude oil, why are prices rising? After hitting a low of $26 a barrel in January, crude oil topped $52 a barrel in early June, only to drop below $40 a barrel last week. The recent rise back... »

Crude Plunges After Surprising Builds Despite Gasoline Draw And Production Cut

Wednesday, August 10, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 10, 2016 Following last night’s unexpected build in crude (and Cushing) inventories, DOE data confirmed the surprising build in Crude (+1.05mm – 3rd weekly rise) and Cushing’s 1.2mm build is the most in 3 months. Gasoline inventories drewdown less than API reported but Distillates saw an unexpected build. Crude... »

Saudi Economic Collapse Leaves 16,000 Foreign Workers Abandoned In Labor Camps

Tuesday, August 9, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 9, 2016 Sinking oil prices and a full blown liquidity crisis has brought the Saudi Arabian economy to screeching halt, a topic we’ve explored on various occasions. The Saudi construction industry has been among the hardest hit as government building contracts have disappeared and bank financing has dried up... »

3 Morgan Stanley Expects Oil To Hit $35 In A Few Weeks: Here’s Why

Tuesday, August 9, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 9, 2016 Morgan Stanley’s Adam Longson confirmed overnight that he isn’t going to change his bearish oil call any time soon, with a warning that “very little has been addressed fundamentally to correct these problems. Greater headwinds lay ahead, especially for crude oil. In fact, we would argue that... »

The U.S. Has Lost 195,000 Good Paying Energy Industry Jobs

Friday, August 5, 2016
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com August 4th, 2016 Not all jobs are created equal. There is a world of difference between a $100,000 a year energy industry job and a $10 an hour job running a cash register at Wal-Mart. You can comfortably support a middle class family on $100,000 a year, but there is... »

Blood Continues To Flow As Precious Metals Rally…”Investors need to prepare themselves for the coming collapse of most paper assets and real estate values.”

Wednesday, August 3, 2016
By Paul Martin

SilverDoctors.com August 3, 2016 Many analysts have been forecasting a huge deflation with falling gold and silver prices. I don’t think this will happen. Gold and silver may have different plans, especially if we see more problems coming out of the European banks. Investors need to prepare themselves for the coming collapse of most... »

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