//Oil Price
24 Aug, 2015

Oil Prices Below $39 for First Time Since 2009

By | August 24th, 2015|Categories: Economics, News, Oil Price|0 Comments

"Get ready for even lower oil prices. Futures for a barrel of West Texas Intermediate crude fell below $39 a barrel Monday -- a level not seen since 2009. Oil settled Monday just above $38, down more than 5%. It was just June of 2014 when oil was at $100 a barrel." Source: money.cnn.com

20 Aug, 2015

Five Key Reasons Behind Falling Oil Prices

By | August 20th, 2015|Categories: Economics, News, Oil Price|0 Comments

"Oil prices fell to a fresh six and a half year low in international markets Thursday, approaching the key USD 40 a barrel level after a surprise rise in US inventories added to concerns of a supply glut. US benchmark West Texas Intermediate (WTI) for delivery in September, which expires Thursday, dipped 26 cents to [...]

11 Aug, 2015

The Oil Price: How Low Is Low?

By | August 11th, 2015|Categories: Economics, News, Oil Price|0 Comments

"With West Texas Intermediate (WTI) and Brent close to their January 2015 lows some readers are wondering how these lows compare with historic lows when the oil price is adjusted for inflation (deflated). BP just happen to provide an oil price series that is adjusted for inflation (Figure 1). The data are annual averages and [...]

6 Aug, 2015

The Link Between Oil Reserves And Oil Prices

By | August 6th, 2015|Categories: Economics, News, Oil Price|0 Comments

"There are two reasons for this increase in proved reserves. The first is that despite >150 years of oil production in the U.S., new fields are still being discovered. In March 2015 the EIA released its update to the Top 100 U.S. Oil and Gas Fields as a supplement to the December report. This was [...]

31 Jul, 2015

Oil Price Collapse Hammers Big US Energy Groups

By | July 31st, 2015|Categories: Economics, News, Oil Price|0 Comments

"Shares in some of the world’s biggest energy groups tumbled on Friday as the collapse in oil prices battered the profits of ExxonMobil and Chevron, capping a week in which European rivals announced thousands of job losses and slashed spending by billions of dollars." Source: ft.com

24 Jul, 2015

Oil Prices Enter Bear Market Amid Global Glut of Crude

By | July 24th, 2015|Categories: Economics, News, Oil Price|0 Comments

"U.S. oil prices sank into a bear market Thursday as a global glut of crude shows little sign of abating. " Source: wsj.com

13 Jul, 2015

These Factors Will Send Oil Prices Down Even Further

By | July 13th, 2015|Categories: Economics, News, Oil Price|0 Comments

"I have become an avid reader of the International Energy Agency Oil Market Report. A ”free” synopsis is published mid-month with the full report and data tables made public at the end of the month. " Source: oilprice.com

6 Jul, 2015

Oil Prices Tumble Nearly 8%

By | July 6th, 2015|Categories: Economics, News, Oil Price|0 Comments

"Oil prices on Monday skidded to their biggest single-day declines in more than three months, as gyrations in Chinese stocks and the prospect of more crude from the U.S. and Iran revived worries about the global supply glut." Source: wsj.com

30 Jun, 2015

Oil Prices Retake Lost Ground After Markets Cool on Greece Crisis, Iran Deal

By | June 30th, 2015|Categories: Economics, News, Oil Price|0 Comments

"HOUSTON – Oil prices regained lost ground Tuesday as financial markets cooled down from a frantic sell-off that came in anticipation of a Greek debt default and as Iran and the West delayed a potential nuclear pact for at least a week. The oil market seemed to recover the calm composure that has kept U.S. [...]

23 Jun, 2015

Iran May Usher a Quick Return to $50 U.S. Oil Prices

By | June 23rd, 2015|Categories: Economics, News, Oil Price|0 Comments

"The oil market’s mostly focused on U.S. supply data this week, but next week should be all about Iran and the deadline for a final agreement over its nuclear program. If a deal between Iran and six world powers is reached by the June 30 deadline, Iran could soon start dumping millions of barrels of [...]

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