Oil

China's Main Share Index Falls After Tax Tripled On Stock Transactions

It appears the largest oil price decline since the 2008 economic and financial crises could be reaching a bottom. Maybe. Luckily we don’t have the displeasure of making oil price forecasts, like our colleague Ed Crooks the US Industry and Energy Editor at the Financial Times: Anyway, benchmark global oil futures prices rebounded today partially… Keep reading →

U.S. And Saudi Representatives Discuss Energy Markets

Saudi Arabian oil minister Ali al-Naimi has begun opening up a bit more about Opec and the kingdom’s decision to leave oil production quotas unchanged at the producer group’s meeting last month. Since that decision – and price cuts on behalf of individual Opec members – benchmark oil prices plummeted and are now down about… Keep reading →

A trader shows with a pen, a graph illus

Falling oil prices are bringing down prices of high-risk bonds many companies used to finance their capital intensive unconventional drilling programs. “Most of that decline has occurred in the last 30 days. It’s already making it harder for oil companies to reach out to the financial markets to fund more of their drilling operations, as… Keep reading →

Oil Rigs Undergo Repairs After Hurrican Katrina

If you haven’t been near a computer, television or radio, benchmark oil prices are down about 40% from June. Given the ubiquitous media coverage, it can be hard to cut through the noise to find more insightful analysis and different views. (Liam Denning has an interesting piece in the Journal today that discusses Saudi pricing… Keep reading →

Meeting of Vladimir Putin with Libyan leader Muammar Qadaffi

Here’s an interesting look at the peculiar personalities that often accompany top leadership in major oil producing countries like Russia, Iran and Venezuela. “If oil is a factor in the petrostate personality, one might ask whether we might see some change in the leaders, since oil prices have tanked by about 40% in the last… Keep reading →

A man looks at the electronic board show

As global benchmark oil prices on Wednesday reached lows not seen since the wake of the economic crisis in 2009, Saudi Arabian oil minister Ali al-Naimi responded to reporters’ questions with some of his own. The world’s most important oil minister held his ground reiterating that the oil market will correct itself without Opec interference.… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

 Oil prices have plummeted over 30% since June, but the sky is not falling on US producers just yet. There has been a lot of conjecture about how lower oil prices are making unconventional wells uneconomic to drill and complete. What does this mean for US oil production volumes going forward? While companies will adjust… Keep reading →

Le Tour de France 2014 - Stage Twenty One

Russian officials already in the unenviable position of dealing with the impact of Western sanctions on their national economy as reflected in a tumbling ruble – in spite of continuous Central Bank interventions – and capital outflows, now face the possibility of a recession looming in 2015, according to recent World Bank projections. Russia: Policy Uncertainty… Keep reading →

(L-R) Nigeria's head of delgation and OP

Oil market observers will take a break from their Turkey preparations this Thursday to see whether Opec producers decide to cut oil output in a bid to stabilize prices. The meeting being held in Vienna will be long over by the time folks in the US sit down to Thanksgiving dinner. But there is no… Keep reading →

Daily Life In Istanbul

US Vice President Joe Biden recently addressed the Atlantic Council Energy and Economic Summit in Istanbul, Turkey where he discussed numerous topics related to European energy security. Biden began his talk with the situation in Ukraine and Russia’s use of energy as a political tool. He recognized the fact that Russia will remain a major… Keep reading →

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