Max Schlubach

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For Some Wounded U.S. Drillers, the Oil Rout Never Ended

More than a year after exiting bankruptcy, SandRidge Energy Inc. is stuck in stock-market purgatory.<p>The oil and gas explorer has seen its stock sink …

Oil & Gas Industry

Why Oil Prices Will Rise and You Will Be Caught By Surprise

I follow oil pretty closely given our exposure. As such, I get frustrated with many press and news show accounts of the commodity. It gets worse when …

Oil

What Low Oil Prices Really Mean

Since the start of 2016, oil prices have swung between $27 and $42 per barrel, about a quarter of the 2008 peak crude oil price of $145. On February 16, oil ministers from Saudi Arabia, Russia, Qatar, and Venezuela agreed to a tentative deal to freeze their production in an attempt to boost prices. …

Oil

PRESENTING: Wall Street's brightest minds reveal the most important charts in the world

We last brought you this feature in October, before the Federal Reserve raised rates and while stocks were rebounding from their longest correction in four years.<p>Obviously, a lot has changed since then.<p>Stocks have stormed all the way back from the worst start to a year ever.<p>Meanwhile, some are …

Markets

US oil closes lower on profit-taking; rig count rises

Crude prices slipped on Friday after the U.S oil rig count rose the first time since December, renewing worries of a supply glut after an output …

Oil

Cheap oil hits Middle East budgets: We can no longer 'provide for everything'

Oil's dramatic price fall has sent shock waves through many Middle Eastern economies.<p>Generous fuel and food subsidies have been slashed, new taxes introduced, and social benefits axed.<p>The years when oil cost $100 a barrel and generated $1 trillion in export revenues are gone, and the oil-rich Gulf …

Budget Deficit

Oil companies have destroyed the chances of a huge price rebound

By hedging against the volatility in prices, producers are limiting how far up oil prices can go, according to Morgan Stanley's Adam Longson.<p>In a note on Monday, Longson and team write about how "rampant" hedging among oil producers will probably cap West Texas Intermediate (WTI) crude oil prices …

Oil

IEA says oil prices might have bottomed out

The IEA, which coordinates energy policies of industrialized nations, said it now believed non-OPEC output would fall by 750,000 barrels per day (bpd) in 2016 compared to its previous estimate of 600,000 bpd.<p>U.S. production alone would decline by 530,000 bpd in 2016, it said.<p>"There are clear signs …

Oil
Saudi Arabia

Oil Hits Three-Month High on Gasoline Demand

Oil prices surged to a three-month high Wednesday after government data showed demand for gasoline and diesel fuel was far higher than even bullish expectations.<p>The U.S. Energy Information Administration said gasoline stockpiles fell last week three times as much as expected and diesel stockpiles …

Nigeria: Oil Workers Shut Down State Oil Company, NNPC, Over Unbundling

(file photo).<p>Angry oil workers have shut down all offices and facilities of the Nigerian National Petroleum Corporation, NNPC, in protest of …

Cheap Oil Usually Means Global Growth, But This Time Seems Different

In the past, falling oil prices have given a boost to the world economy, but recent forecasts for global growth have been ratcheted down, even as oil prices sink lower and lower. Does that mean the link between lower oil prices and growth has weakened?<p>Jason Bordoff, head of the Center on Global …

Oil

Oil’s Fall Is a Challenge for Gulf Economies, but Also an Opportunity

The Gulf Cooperation Council (GCC) economies have achieved a remarkable transformation over the past 30 years. Saudi Arabia and its smaller neighbouring countries Bahrain, Kuwait, Oman, Qatar, and the United Arab Emirates were once at the economic periphery of the world’s trading system. The …

Oil

Hillary Clinton's Pledge to Limit Fracking Falls on Unconvinced Ears

By Valerie Volcovici<p>WASHINGTON (Reuters) – Hillary Clinton’s vow to regulate oil and gas fracking almost out of existence was met with skepticism …

Fracking

Turning Windows into Solar Panels

National Labs are taking a fresh approach to solar power by harnessing the power of quantum dots.

Solar Panels

Oil is crashing again

Oil prices are crashing again Tuesday after a short-lived spike on Monday.<p>Crude oil fell by 1.19% by 7 a.m. GMT to around $37.50 a barrel, while Brent crude, the European benchmark, fell by 1.22% to hover just above $40 a barrel.<p>If this price trend continues, it will eradicate the 3.5% gains that …

Oil

The US coal industry is falling apart. Here's the surprising reason why.

The US coal mining industry is collapsing.<p>Consider this remarkable fact, from a new report by the Rhodium Group:<p>The four largest US miners by output (Peabody Energy, Arch Coal, Cloud Peak Energy, and Alpha Natural Resources), which account for nearly half of US production, were worth a combined $34 …

Barack Obama

Amid Deflated Prices, Oil Industry Shake-Up Looms

With oil prices hovering around $35 a barrel, a flurry of dealmaking could be coming soon. At least, that’s what happened two decades ago, when …

Average U.S. gas prices fell a nickel in two weeks

The average price of a gallon of gasoline in the United States fell 5 cents in the past two weeks to its lowest level in more than seven years, …

Oil

Commodities CFTC report: oil longs exiting - TDS

Analysts at TD Securities offered a breakdown of the CFTC Commitment of Traders Report for the week ending February 16th, 2015.<b><br>Key Quotes:</b><p>Massive …

Liberal fascists strike against Trump supporters in Berkeley

William O'Keefe:<p>...<br>Power for the USA a website by Donn Dears has recently published a piece that concluded on the basis of data from the Project …

6 Warren Buffett Lessons You Can Apply To Any Investment

In one of his recent letters to shareholders, <b>Berkshire Hathaway</b> CEO Warren Buffett shared the stories of two small investments he made.<p>The first took place in 1986, when Buffett purchased a 400-acre farm from the FDIC for $280,000, even though he had absolutely no idea how to operate a farm. …

Coal's Crippling Has Also Disabled The Mine Workers. What Will Labor Do?

The decline of coal production has led to a simultaneous collapse of the coal unions, given that they are fighting to preserve their health and pension benefits along with their negotiating power. West Virginia, in fact, has just become the 26th state to enact a “Right to Work” law letting workers …

Fossil Fuels

Oil Rises to Two-Week High With Equities Amid Output Freeze Talk

Oil rose to the highest in more than two weeks in New York as global equities rallied amid speculation that a production freeze by some OPEC members …

Oil

Households switching energy provider rose 15% in 2015

<b>The number of UK households switching their energy provider rose by 15% in 2015, Ofgem said.</b><p>The regulator said that 6.1m gas and electricity accounts had been transferred during the year - about 800,000 more than in 2014.<p>The news was welcomed by consumer groups, which said competition in the market …

Customers

Biggest Banks' Commodity Revenue Hits Lowest in Over Decade

Revenue from commodities at the largest investment banks sank to the weakest in more than a decade last year, laid low by a rout in prices for …

Stock Markets

Inflation Data Has All Eyes on the Fed

With next week’s calendar full of economic data releases and speeches by economic policymakers, investors have been poised to watch the Federal …

Federal Reserve

Gas prices drop 5 cents over past 2 weeks, to $1.77

CAMARILLO, Calif. (AP) — The average price of gasoline has dropped 5 cents over the past two weeks, to $1.77 a gallon.<p>Industry analyst Trilby Lundberg said Sunday that the price is 56 cents per gallon cheaper than a year ago.<p>Lundberg says it's less likely that gas prices will continue to slide …

Brexit vote could trigger European free market 'chain reaction', say Swiss and Icelandic MPs

A British vote to leave the European Union could spark a movement towards free markets across the continent<p>A British exit from the EU could spark a free market “chain reaction” across the continent, encouraging countries such as Denmark and Sweden to take control of their own destiny.<p>Politicians …

Free Trade