The crude oil net long…
In case of further escalation,…
With so much talk swirling about the current oil price drop, I feel compelled to focus less on the rhetoric and more on the data. So the vibe of this…
Oil cartel OPEC decided not to cut output in a meeting on November 28, despite repeated pleas by members Ecuador and Venezuela to do so. Two weeks after the meeting,…
To many observers, OPEC’s refusal to cut production and thus shore up oil prices was the beginning of a price war with the United States so that Saudi Arabia, the…
One steady reader of mine has questioned my recent analysis: While being positive on oil up until the break below $82, I’ve now become one of the most negative in…
Crude Oil Outlook Support for crude oil futures continued to erode last week after the release…
In the green corner we have the US shale producers. In the red corner we have the oil exporting countries of OPEC. Assuming the fight is fought to a conclusion,…
OPEC has declared war on American oil production with the intention of making the country more dependent on imported oil and on oil in general. By refusing to cut…
Not long ago, I wrote Ten Reasons Why High Oil Prices are a Problem. If high oil prices can be a problem, how can low oil prices also be…
There’s been some agreement inside the analyst community on oil -- $70 a barrel is not sustainable, in that several producers don’t have the prime acreage or debt positions to…
In ancient Greek mythology, the Titan Atlas was charged with holding up the world. Today, that task largely falls on the shoulders…
While Americans were tucking into their Thanksgiving turkeys, over in Europe a third of the world’s oil producers were cooking up a very different sort of dish. After Thursday’s decision…
The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks,…
Will plunging oil prices result in a drastic decline in U.S. shale oil production? Will the Saudis, who have stuck to their guns in refusing to scale back OPEC oil…
OPEC’s decision not to cut production to shore up oil prices drove down the price of oil even further in a strong challenge to American shale oil producers – or,…
Crude Oil Outlook January Crude Oil futures plunged on Thursday after OPEC announced it was leaving oil production levels…
OPEC has resisted the urging of its needier members and has decided not to cut production levels despite the five-month-old plunge in oil prices. Saudi Oil Minister Ali al-Naimi said…
Russia can’t live with oil prices below $79 per barrel, but Finance Minister Anton Siluanov says he doesn’t expect them to drop much lower, and they may even rise a…
Saudi Oil Minister Ali al-Naimi says there’s no need for OPEC to reduce production to shore up the price of oil because the market will fix itself. Despite his optimism,…
OPEC alone can’t be held responsible for setting the price of oil worldwide, a veteran oil minister says, and it’s time for producers outside the cartel to help set acceptable…
For the last 4 years, the national average retail price of gasoline in the United States stayed within a range of $3.25-$4.00 a gallon. But that all changed this…