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Breaking News:

Oil Prices Gain 2% on Tightening Supply

This Could Be A Gamechanger For Natural Gas In Europe

This Could Be A Gamechanger For Natural Gas In Europe

Europe’s lack of energy security…

Energy / Oil Prices

How The US Could Beat OPEC But Won’t

Dec 09, 2014 at 16:58 | Kurt Cobb

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…

Ten Reasons Why A Sustained Drop In Oil Prices Could Be Catastrophic

Dec 08, 2014 at 16:00 | Gail Tverberg

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…

Why Every Oil Rally Needs To Be Sold For The Time Being

Dec 05, 2014 at 11:03 | Dan Dicker

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…

A Glimmer Of Hope In Current Oil Price Slide?

Dec 04, 2014 at 18:11 | Frank Holmes

In ancient Greek mythology, the Titan Atlas was charged with holding up the world. Today, that task largely falls on the shoulders…

Oil Can Keep Crashing

Dec 03, 2014 at 12:59 | Metal Miner

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…

Could Falling Oil Prices Spark A Financial Crisis?

Dec 02, 2014 at 16:28 | Nick Cunningham

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,…

Shale Permits Fall As Low Oil Prices Start To Bite

Dec 02, 2014 at 15:31 | Andrew Topf

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 Fires First Shot In Global Oil Price War

Nov 28, 2014 at 16:46 | Andy Tully

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,…

OPEC Won’t Cut, But A Bottom May Be Near

Nov 28, 2014 at 10:36 | Jim Hyerczyk

Crude Oil Outlook January Crude Oil futures plunged on Thursday after OPEC announced it was leaving oil production levels…

OPEC Refuses To Cut Production, Sending Oil Price Down Again

Nov 27, 2014 at 11:05 | Andy Tully

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 Expects Oil Price To Rise, But Not Enough To Balance Moscow’s Budget

Nov 26, 2014 at 14:27 | Andy Tully

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 Sending Negative Signals Ahead Of OPEC Meeting

Nov 26, 2014 at 09:27 | Andy Tully

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,…

Veteran Oil Minister Says OPEC Alone Can’t Set Oil-Price Levels

Nov 25, 2014 at 16:15 | Andy Tully

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…

What Low Oil Prices Mean For The U.S. Economy

Nov 24, 2014 at 15:09 | James Hamilton

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…

Russia Can Survive An Oil Price War

Nov 20, 2014 at 15:35 | Colin Chilcoat

After a frosty reception at the G20 summit in Australia this week, Russian President Vladimir Putin required some much needed rest, at least according to the official explanation given for…

State Budgets Reeling from Low Oil Prices

Nov 20, 2014 at 14:40 | Nick Cunningham

There has been a lot of attention paid to the harm that the oil industry is experiencing in the face of declining oil prices, but there has been little talk…

The Economic And Strategic Implications Of Low Oil Prices

Nov 20, 2014 at 14:05 | ISN Security Watch

If oil prices continue to spiral downward, what will be the economic and strategic results? Not too bad, says Gawdat Bahgat. Consumers will benefit at the expense of producers and,…

Is Saudi Arabia Waging Economic Warfare?

Nov 18, 2014 at 15:57 | Juan Cole

The G20 is a conference of the world’s top 20 economies as measured by Gross Domestic Product. Some observers have slammed it as an unelected and arbitrary body that is…

Want To Hurt Russia? Lower The Price Of Oil

Nov 13, 2014 at 16:34 | Claude Salhani

Why would the oil producers, who have over the years raised the price of oil at every opportunity they got suddenly agree to drop the price from roughly $120 a…

Kazakhstan To Use National Fund For Oil Price Damage Limitation

Nov 11, 2014 at 15:42 | Andy Tully

For the second time in seven years, Kazakhstan will tap its National Fund as one way to help sustain its economy, which has become a victim of the global drop…

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