Oil

“That Must Not Happen”: Germany Threatens US With Retaliation Over New Russia Sanctions

Friday, June 16, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 16, 2017 One day after the Senate almost unanimously passed a bill to impose new sanctions on Russia, an unexpected outcry against the US decision emerged from two of America’s closest allies, Germany and Austria, who yesterday slammed the new sanctions and accused the U.S. of having ulterior motives... »

Cuba Scrambles As Venezuela’s Oil Industry Collapses

Thursday, June 15, 2017
By Paul Martin

by Haley Zarumba via OilPrice.com, ZeroHedge.com Jun 14, 2017 As Venezuela’s oil industry goes down it flames, it’s looking like it may just take Cuba down with it. Venezuela, once the crude powerhouse of South and Central America, is no longer able to produce enough oil to sustain its own economy, much less those... »

Retail Sales Tumble Most Since January 2016 As Gasoline, Electronics Sales Slump

Wednesday, June 14, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 14, 2017 This is not supposed to happen… Headline retail sales tumbled 0.3% MoM in May, the biggest drop since January 2016 (and all the weather-related malarkey that was blamed on). Core retail sales also dropped the same… The Rest…HERE »

Houston Resorts To Selling Off City Streets To Try And Close $100 Million Budget Shortfall

Tuesday, June 13, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 13, 2017 With the US shale industry producing at near-record levels as oil prices languish around $50 a barrel, cities in oil-dependent states like Texas are resorting to increasingly creative means to compensate for the shortfall left by falling energy revenues, including selling off public assets, like Houston just... »

Oil Prices Suffer First ‘Death Cross’ Since 2014 Collapse

Tuesday, June 13, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 13, 2017 For the first time since September 2014, after which oil prices collapsed almost 75%, Brent and WTI Crude futures both just flashed a ‘death cross’ signal as the 50-day moving-average crossed below the 200-day moving-average. The crossover is typically seen a loss of short-term momentum and last... »

“Forget Terrorism”: The Real Reason Behind The Qatar Crisis Is Natural Gas

Tuesday, June 6, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 6, 2017 According to the official narrative, the reason for the latest Gulf crisis in which a coalition of Saudi-led states cut off diplomatic and economic ties with Qatar, is because – to everyone’s “stunned amazement” – Qatar was funding terrorists, and after Trump’s recent visit to Saudi Arabia... »

Qatar Crashes In Escalating Gulf Crisis; Oil Fails To Rebound As Global Stocks Dip

Monday, June 5, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 5, 2017 S&P futures point to a slightly lower open ahead of today’s US non-mfg ISM and Service PMI data. European shares fall, while Asian shares are little changed. Several European countries, including Germany, are closed for Whit Monday leading to subdued trading. Crude futures have reversed overnight gains... »

Russia And Iran Sign Oil-For-Goods Barter Deal; Escape Petrodollar…(War In 3…2…1…)

Sunday, May 28, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com May 28, 2017 Iran signed an agreement with Russia under which it has broken free from the petrodollar, and will “sell”, or rather barter crude oil to Russia in exchange for products. The announcement was made by Iran’s Oil Minister Bijan Zanganeh, as reported by Russia’s RIA and TASS news... »

Saudi Arabia To Trim Oil Exports To US To Force Inventories Lower

Saturday, May 27, 2017
By Paul Martin

by Zainab Calcuttawala via OilPrice.com, ZeroHedge.com May 27, 2017 Riyadh plans to purposely reduce exports to the United States to force a reduction in the latter’s sizeable inventories, which are preventing a greater rise in global oil prices, according to Saudi Oil Minister Khalid Al-Falih. Just one day after OPEC announced a nine-month extension... »

Saudi Arabia to cut off oil supply to create shortage in desperate bid to raise prices

Monday, May 22, 2017
By Paul Martin

SAUDI Arabia is looking to cut off its oil supply in a desperate bid to raise prices and boost its slowing economy. By LANA CLEMENTS Express.co.uk Mon, May 22, 2017 The kingdom is expected to agree to painful reduction in oil output in a meeting with fellow OPEC members this week at a meeting... »

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