Oil

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... »

Israeli Minister Hints At Coming War In Syria And Iran: “The Time Has Come To Assassinate Assad”

Saturday, May 20, 2017
By Paul Martin

Jeremiah Johnson May 19th, 2017 SHTFplan.com The Iranians have just deployed their S-300 missile system to military bases located on their borders. The S-300 system has the capability of taking down short and medium-range ballistic missiles and engaging upon 6 different targets with 12 missiles. The effective range of the S-300 is approximately 130... »

China warns Philippines to prepare for WAR if Manila drills for oil in South China Sea

Friday, May 19, 2017
By Paul Martin

PHILIPPINE President Rodrigo Duterte said Chinese counterpart China Xi Jinping had warned him there would be war if Manila tried to enforce an arbitration ruling and drill for oil in a disputed part of the South China Sea. Express.co.uk Fri, May 19, 2017 In remarks that could infuriate China, Duterte hit back at domestic... »

“There’s No Growth”: World’s Largest Oil Trader Has A Stunning Warning For OPEC

Wednesday, May 10, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com May 10, 2017 When it comes to the oil market, the narrative over the past year, ever since OPEC’s first aborted meeting last April, has been just one: limit crude supply in hopes of rebelancing the oil market, reducing excess inventories, in the process sending the price of oil higher.... »

Oil price forecast: Why values may NEVER rise above $50 again

Sunday, May 7, 2017
By Paul Martin

OIL prices have plunged to four-months lows in recent days, as experts forecast levels may struggle to rise significantly past $50 in the future. By LANA CLEMENTS Express.co.uk Sun, May 7, 2017 In just a month, Brent Crude has gone from almost $57 a barrel to less than $48 a barrel, as fears of... »

Oil Price Collapse Is ‘Permanent’; Analyst Says Fossil Fuel Has Had Its Day

Sunday, May 7, 2017
By Paul Martin

BY STEVE ST. ANGELO TheDailyCoin.org MAY 7, 2017 “I usually put a £5 bet on the oil price — and I’m collecting,” smiles Professor Dieter Helm. It’s not difficult to imagine his tally of modest wagers adding up. The highly regarded Oxford University economics professor is a long-time industry observer. Today, he is in... »

One Of The World’s Biggest Oil Hedge Funds Just Liquidated All Its Longs

Friday, May 5, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com May 5, 2017 Earlier in the week we shared Pierre Andurand’s hedge fund note blame-casting his fund’s dismal drawdowns on “CTA flows eclipsing the gradual improvement in fundamentals.” The market sell-off is missing the larger picture, he proclaims. “Market participants remain extremely focused on micro developments like US crude inventories... »

As Oil Flash Crashes, One Trader Says The Commodity Selloff Is “The Single Largest Macro Factor” Right Now

Friday, May 5, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com May 5, 2017 It was a very ugly night for the Andy Halls, Pierre Andurands and other crude longs, after oil flash crashed just before midnight ET, dragging WTI from above $45/bbl to below $44 in seconds on a surge in volume, to the lowest price since OPEC agreed to... »

Further North Korea Nuclear Testing May Goad China Into Oil Embargo

Tuesday, May 2, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com May 1, 2017 Chinese diplomatic analysts believe further nuclear tests by North Korea could push Beijing over the edge, prompting an oil embargo that would deal a devastating blow to Pyongyang’s stability. US Secretary of State Rex Tillerson told Fox News that he had been informed that “China would be... »

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