Oil

OPEC Set To Pump Even More Oil In April As Saudi Arabia Boosts Exports To Near-Record High Levels

Friday, April 29, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/29/2016 In one of the least surprising highlights from the ongoing earnings season, yesterday we reported that as oil continues to rise, US shale companies are starting to resume mothballed production. And now, according to the latest Reuters production survey, in the aftermath of the failed Doha oil freeze agreement,... »

WTI Crude Soars To $46 – Highest In 5 Months

Thursday, April 28, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/28/2016 The panic-buying continues in the crude complex. Oil prices are up for the 3rd day in a row, trading up to $46 for the first time since December 4th 2015. Despite continued growth in inventories and worse than expected economic growth, it appears speculative traders in black gold just... »

Fracking activity turns river into raging FIRE in shocking video from Australia

Wednesday, April 27, 2016
By Paul Martin

by: J. D. Heyes NaturalNews.com Wednesday, April 27, 2016 An amazing and, if legitimate, shocking, video out of Australia that is going viral purports to show someone lighting methane gas on fire in an river near a fracking operation. The video (which you can see here) was reportedly shot in Queensland, where gas was... »

The “Fracklog Trigger”: Why 500,000 Barrels Of Shale Crude Could Hit The Market At Any Moment

Tuesday, April 26, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/26/2016 Drilled, uncompleted wells could return 500,000 barrels a day back to the market, according to Richard Westerdale, a director at the U.S. State Department’s Bureau of Energy Resources. The inventory of wells is known as the fracklog. “Once we start approaching $45 and above, the risk of a much... »

The Crude Oil Price Recovery Is Over—–So Take The Money And Run

Tuesday, April 26, 2016
By Paul Martin

by Lance Roberts DavidStockmansContraCorner.com April 26, 2016 Over the last several weeks, in both the daily blog and weekly newsletter, I have been laying out the technical case for a breakout above the downtrend. As I stated, while such a breakout would demand a subsequent increase in equity risk in portfolios, I didn’t like... »

Will Algos Push Oil Back To $60? Morgan Stanley Begs You To “Forgive The Macros, They Know Not What They Do”

Tuesday, April 26, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/26/2016 “Close your eyes and buy” seems to be the mantra for now. While fundamentals don’t justify a cyclical recovery in oil yet, the market continues to move higher. The primary driving force has been macro funds, index money and CTAs. Technicals and momentum have only added to it, and... »

Repeated fracking leaves the water and land around it DOUSED in formaldehyde, benzene and hydrochloric acid

Tuesday, April 26, 2016
By Paul Martin

by: Isabelle Z. NaturalNews.com Tuesday, April 26, 2016 Although the harm caused by consistent hydraulic fracturing – or fracking, as it is casually known – to the global climate is widely known, for many people, its ill effects are striking much closer to home, as their water and land become poisoned with toxic chemicals... »

For The First Time Since The Great Depression, Exxon Mobil Loses ‘AAA’ Rating

Tuesday, April 26, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/26/2016 Exxon Mobil has been rate AAA by S&P since 1930 according to Bloomberg. Today that ended as the global crude explorer with sales that dwarf the economies of most nations was cut to AA+ (Outlook stable). Having been put on notice in February (negative watch), citing concern that credit... »

Oil Crash Creates Glut Of Petroleum Engineers – More Layoffs Coming

Tuesday, April 26, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/26/2016 For many students who went to school and took on student loans under the expectation of getting a six figure petroleum engineering job, a rude awakening is likely ahead. Petroleum engineering became a much more attractive field thanks to the shale boom, which meant that these engineers were no... »

No Energy Recovery In Sight: Freeport Fires 25% Of Its Oil And Gas Workers

Tuesday, April 26, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 04/26/2016 FCX is taking immediate steps to reduce oil and gas costs further. In April 2016, FCX announced a new management structure and is instituting an approximate 25 percent oil and gas workforce reduction. The newly structured oil and gas management team is actively engaged in managing costs and developing... »

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