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With all eyes on the global crude oil market due to recent price declines, analysts and investors are frantically searching for the bottom, with some expecting a continued plunge. While there could still be some short-term volatility and downward pressure, Barclays’ analysts see oil prices strengthening by mid to late 2015. Crude oil futures prices… Keep reading →

Oil Prices Fall To Lowest Level In Four Months

Whether or not the price of crude has hit bottom, oil stocks are still likely to appreciate over the next few months, Wolfe Research Managing Director Paul Sankey said Tuesday. West Texas intermediate crude dropped below $80 a barrel, hitting two-year lows, with some analysts predicting that it could head toward $70 in next year due to oversupply.… Keep reading →

OPEC Ministers Attend Conference In Iran

As prices drop to around $80 per barrel, more attention is being focused on the mindset of Saudi Arabia, the world’s largest oil exporter. The 20 percent decline in oil prices over the past three months has been attributed to a wide range of factors, including declining growth in China, poor growth in Europe, and… Keep reading →

OPEC Summit

This article reevaluates Opec’s power to control the global oil market and focuses on a political scientist’s research that suggests the cartel’s strength has been overblown for years. “But a closer look at OPEC’s real influence over the oil market suggests that we’re making a huge mistake about its global power, says Brown University political… Keep reading →

Venezuela Tense As Unrest Over President Maduro's Government Continues

Analysts and investors are trying to figure out the point at which oil prices fall too low for Venezuela to continue servicing its debt. The country’s export revenues are 95% oil reliant. “But this week’s fall in the oil price has further fomented worries of a possible default, pushing up Venezuelan bond yields to more than 18… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

 Alarmist media reports regarding oil’s foray into bear market territory could easily leave you thinking the oil industry is gasping its last breath. It certainly is not, as companies involved in the global oil complex are accustomed to commodity price volatility and most have experienced similar, if not worse, market corrections. In fact, over the… Keep reading →

Oil Drops To $96 A Barrel As Energy Prices Decline 1.4 Percent In April

As global oil prices beat a hasty retreat from the relative highs of recent years – dropping roughly $20 per barrel in weeks – market watchers have attempted to diagnose the situation. A popular view now is that Saudi Arabia is willing to take a short-term budgetary hit from lower prices in order to force… Keep reading →

Saudi Arabia Oil Minister Ali al-Nuaimi Press Conference

Depending upon which side of the fence one sits, major oil supply disruptions are typically considered bad luck, but in Opec’s case, recent supply disruptions have helped balance the market and support prices. “OPEC has been lucky – 3.5 million bpd of shale production has been absorbed through disruptions. They’re running out of luck,” –… Keep reading →

Domestic Oil And Gas Production

The need to reduce methane emissions from leaky valves, pipelines and compressor stations is giving rise to a new commercial industry made up of companies that specialize in methane emissions detection technology. “The industry has already seen an uptick in interest for its products and services, driven in part by the installation of oil and… Keep reading →

One World Trade Center Deemed Tallest Building In North America

New York City Mayor Bill de Blasio announced a new program designed to reduce energy consumption in buildings as part of the city’s greenhouse gas reduction goal. The program called NYC Built to Last is modelled after the NYC Clean Heat initiative that cut soot pollution from heating oil by 50 percent. “Representing three quarters… Keep reading →

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