…in the oil price. The price of oil is now over 50% higher than it was at the end of last year – it stands to reason that business and…
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Oil Prices and Saudi Promises Last Friday Saudi Arabia promised to increase oil output by about 2 million barrels per day. Nevertheless, after a temporary blip downward, oil prices have…
Marginal producers of oil?
Yves Smith adds her thoughts on possibilities of the market price decline for oil: When the Saudis announced their intention not to support oil prices when they were sliding towards…
Could an Oil Patch decline turn a 2019 slowdown into an outright recession?
Could an Oil Patch decline turn a 2019 slowdown into an outright recession? One of the items I mentioned in my piece yesterday at Seeking Alpha was the recent big…
Gasoline demand at an 8 month high
…per barrel as traders noted that overall oil demand remained robust in the two largest oil markets, the U.S. and China. Oil prices moved higher again on Friday on strong…
US natural gas hits highest price since 2008, closes at 7 1/2 year weekly high;
…up with the easing of pandemic conditions . . . oil prices moved higher early Tuesday, with Brent crude, the International oil benchmark, topping $80 per barrel for the first time…
1974 Redux?
…now the outbreak of war in Ukraine has led to a much sharper surge of oil and wheat prices as oil and wheat exports from Russia have been widely embargoed…
Do We Produce Too Much If We Are Making Corn Into Plastic Bottles?
…oil, canola, avocado, and peanut oils. But its stands true that the cheapest cooking oils are vegetable oils and are soy based. Soy oils have always been widely used, however…
Less Oil Production and Higher Gasoline Prices, Why?
Why Less Oil Production and Higher Gasoline Prices? I mean the obvious answer is Demand is outstripping Supply. Oil companies and refineries are not the charitable type either. No oil/natural…
Oil Shorts – Insider Trading
…— by huge and hugely profitable bets in the oil market. The influential Kobeissi Letter documents the latest example. Common Dreams also has an article covering potential Insider Trading. ‘Epic…
