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In the same week as Japan unveils its Pacific-Rim-esque anti-tsunami wall public works project, and Japanese government auditors say the operator of the Fukushima Dai-ichi…
Norway is stuck between a rock and a hard place. Last week, the Norges Bank defied market expectations by leaving rates unchanged citing an overheating…
Having been exuberantly chased briefly after announcing it was looking for a buyer - fueling further excitement about a low-oil-price-driven Shale firm M&A boom -…
Less than two weeks ago we warned that based on the current oil production trend, the US may run out of storage for crude as…
With crude prices reeling from the effects of geopolitical wrangling and surging production, it’s a tough time to be a resident of an oil boom…
In what some note could be a pre-emptive strike against rising social tensions in The Kingdom, new (and potentially crazy) King Salman bin Abdulaziz vowed…
Thick black smoke billowing from oil wells northeast of the city of Tikrit is obstructing Shi'ite militiamen and Iraqi soldiers attempts to drive ISIS from…
So much for last night's lower than expected API build, DOE data shows a massive build compared to the 3.95 mm barrels expected: • *CRUDE…
With production and inventories at record levels despite the total collapse in rig counts, all eyes remain on Baker Hughes data for any signal the…
Perhaps the world is beginning to realize that "it's the demand, stupid" as crude oil prices are collapsing this morning (not helped by "all out…
Between European uncertainty and last night's massive API inventory build (14.3mm barrels), Brent and WTI crude was sliding into today's inventory data - well off…
Despite the dramatic plunge in rig counts, this week saw yet another surge in production to record highs and with storage levels getting close to…
Whether it is to cripple the will of Putin and end his support of the Syria regime (thus handing the much desired gas-pipeline traversing territory…
While the markets are still debating whether the price of oil is more impacted by the excess pumping of crude here, or the lack of…
Earlier today, following our chart showing the devastation in Q1 earning forecasts, Exxon Mobil came out with its Q4 earnings, and - as tends to…
For the 8th week in a row (something that hasn't happened since June 2009), US total rig count plunged. This week's 90 rig drop to…
Several days ago we showed something remarkable: "current forward 12-month P/E ratio for the Energy sector is now well above the three most recent historical…
EIA Inventory build was double expectations at 8.87 million barrels...With Total Crude Supply at its highest since at least 1982...* * *Related: OPEC Chief Claims Oil…
Yesterday's Russian downgrade pulled yet another raft of "smartest people in the room" to tell investors how screwed Russia is by low oil prices (and…
Several hours ago Saudi Arabia announced that its 91-year-old King Abdullah had passed away, in the process setting off what may be a fascinating, and…