Trump’s plan to cut basic energy research finds an unlikely opponent: oil executives A group of business leaders has sent a letter to the top Democrats and Republicans on the Appropriations committees urging them to maintain basic research funding, especially in energy, that President Trump has proposed to slash or eliminate. The letter signed by … Continue reading Trump’s plan to cut basic energy research finds an unlikely opponent: oil executives→
How cheap oil is changing the world Luke Vargas: On today’s show we’re looking at how cheap oil is changing the world. The days of $100 a barrel oil are over. Since 2015, prices have hovered around $50 as oil producers keep on pumping, often in a desperate bid to support government revenues. The new … Continue reading How cheap oil is changing the world→
Oil Layoffs Could Come Back To Haunt The Industry The fall to six-year lows in oil prices has been swift and unexpected. The pace of energy sector layoffs in recent weeks has been similarly quick, if not so surprising. Job cuts are inevitable as oil and gas companies watch commodity prices tumble, but layoffs today … Continue reading Oil Layoffs Could Come Back To Haunt The Industry→
Oil Prices Crumble As OPEC Ups Output And Exports Crude is easing lower on this last day of February, as other sources are endorsing what we said last week – that OPEC production and exports are on the rise. As gasoline weakness leads the complex lower, hark, here are five things to consider in oil … Continue reading Oil Prices Crumble As #OPEC Ups Output And Exports→
OPEC Lost $2 Trillion In Oil Price Slump OPEC members lost over US$2 trillion in revenues and capital expenditure in the oil price crash, the cartel’s director general Mohammed Barkindo said, speaking to media in Nigeria. About half of this was lost revenues as prices tumbled from over US$140 a barrel to below US$30, and … Continue reading #OPEC Lost $2 Trillion In Oil Price Slump→
Time Bomb In Oil Markets: Goldman Sachs Issues Warning While energy traders remain focused on weekly changes in crude supply and demand, manifesting in shifts in inventory of which yesterday’s API data and today’s EIA data was a breathtaking example, a much more troubling data point was revealed by the Energy Information Administration last week … Continue reading Time Bomb In Oil Markets: Goldman Sachs Issues Warning→
A Bloodbath Looms Over Oil Markets Oil prices have traded reliably in the $50s per barrel since OPEC agreed to cut production last November, but having failed to break through a ceiling in the upper-$50s, crude prices are in danger of falling back again. The oil market had wind in its sails on expectations of … Continue reading A Bloodbath Looms Over Oil Markets→
U.S. Oil and Gas Prices May Tumble On Trump’s ‘Energy Revolution’ President Trump’s vow to “unleash an energy revolution” by reversing regulations may send oil and natural gas prices tumbling in 2018, according to Bank of America Merrill Lynch. Domestic oil and gas prices will likely suffer as the U.S. continues to increase its output, … Continue reading U.S. Oil and Gas Prices May Tumble On Trump’s ‘Energy Revolution’→
Big Oil takes message to the Super Bowl “This is not your father’s Oldsmobile.” With that commercial pitch in 1988, one of General Motors’ iconic brands targeted younger motorists in a bid to breathe new life into the Cutlass and other Oldsmobile models. Instead, sales declined and GM shut down Olds in 2004. On Sunday, … Continue reading Big Oil takes message to the #Super_Bowl→
Oil prices firm up, buoyed by news U.S. will scrap rule on energy firms Crude futures rose slightly on Monday, cheered as the U.S. government was poised to scrap a rule that calls for transparency on payments by energy and metals firms to foreign governments. If approved, the change would mean fewer restrictions on American … Continue reading Oil prices firm up, buoyed by news U.S. will scrap rule on energy firms→
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