Article Archive | Page 701

Mar 20, 2020 at 12:04

Crude oil futures are set to finish the week sharply lower despite a two-day counter-trend rally on Thursday and Friday. The price action suggests that even tremendous levels of monetary…

Mar 20, 2020 at 12:02

1. These currencies have plunged the most- The pandemic has hit China, Iran, Western Europe…

Mar 20, 2020 at 12:00

Politics, Geopolitics & Conflict There is one clear benefit of coronarvirus - however temporary and however fragile: A sense of world peace, even if it’s not real. COVID has officially…

Mar 20, 2020 at 11:58

Historically, a large part of the appeal of investing in the energy sector has, for many people, been the dividend payouts that the sector offers. Recently though, even that advantage…

Mar 20, 2020 at 11:57

Time To Blink In COVID-Infected Oil Price War As the oil price war continues, with the Saudis holding out and flooding the market with oil, the next logical stage is…

Mar 20, 2020 at 10:46

Following a rally early on Friday supported by U.S. President Donald Trump suggesting he could intervene in the ongoing Saudi-Russia oil price war and by a flow of stimulus from…

Mar 20, 2020 at 10:02

The federal government of Canada is preparing a multibillion dollar financial aid package for the oil and gas industry and could announce it as soon as next week, the Globe…

Mar 19, 2020 at 18:20

One might reasonably posit that when Crown Prince Mohammed bin Salman (MbS) signalled that Saudi Arabia was once again going to produce oil to the maximum to crash oil prices…

Mar 19, 2020 at 18:02

WTI dropped into the low $20s on Wednesday, and the near-term outlook is grim. Oil lobbyists have pushed Congress for help, and a group of Republican Senators

Mar 19, 2020 at 18:00

It feels like 2014 for the oil industry all over again, except this time, things could get even worse.  Most U.S. shale wells have a breakeven…

Mar 19, 2020 at 16:44

Every gambler knows That the secret to survivin’ Is knowing what to throw away And knowing what to keep ‘Cause…

Mar 19, 2020 at 14:06

With West Texas Intermediate below $30 a barrel and Saudi Arabia’s plans to keep pumping as much as it can for as long as it…

Mar 19, 2020 at 13:32

This month’s unprecedented oil crash has sent shockwaves through the entire energy industry and beyond. It’s even gotten to industries that, in theory should be dancing on oil’s…

Mar 19, 2020 at 12:46

Conventional wisdom dictates that water and oil do not mix--at least for those of us who are not MIT engineers. But a new…

Mar 19, 2020 at 12:45

Oil prices may still be trading down by double digits from the start of the year, but WTI rallied on Thursday for what is probably its best day ever, increasing…

Mar 19, 2020 at 11:09

Last week someone commented to me that Chevron could now buy Occidental Petroleum cheaper than it offered to acquire Anadarko. There is an element of truth to the statement, but…

Mar 19, 2020 at 11:03

Saudi Arabia continues to signal to the market that it is not backing down from the oil price war despite the crumbling oil prices amid coronavirus-hit demand and promises of…

Mar 19, 2020 at 10:24

The growing supply glut in oil markets could end up filling all storage tanks worldwide, potentially causing prices to drop even further Global oil storage could overflow in the coming…

Mar 18, 2020 at 18:24

Oil producers are facing their worst crisis in history, but the market is not at a bottom yet, according to several analysts. The millions of barrels of additional supply promised…

Mar 18, 2020 at 16:48

With WTI crude seeing its third-worst trading day on record, Russia is beginning to feel the squeeze as it sees its oil and gas income tumble while it…