A surprise discovery coming out of Utah and Colorado's Paradox Basin oil field has captured the attention of the petroleum sector today.
Despite the public battles between the New York Times and President Donald Trump, the two seem to be on a similar page about the unfolding crisis in Venezuela.
Tuesday morning, Pence announced Trump is going to sign the Russian sanctions bill. This will guarantee the end of the US petrodollar.
Gartman said that prices could rally a bit in a couple of weeks, but added "I'll tell you one thing: in the long run, crude oil is heading egregiously lower. . ." Egregiously here means like shockingly. Of Saudi Crown Prince Muhammad bin Sal
Crude from West Texas shale fields is increasingly making its way abroad as a pipeline system is expanded to take it to market through Corpus Christi.
There will be an extremely painful oil supply shortfall sometime between 2018 and 2020.
Crude oil prices are cratering, down 20% this year, in the biggest 6-month free fall in years.
It may be too soon to write OPEC's obituary, but the oil producer club appears in urgent need of late-life care. It shows little understanding of where it is, how it got there or where it's going.
Oil dropped to the lowest in seven months, with both Brent and WTI sliding to prices not seen since November, following a burst of volume just after 6am, amid a revival in output from Libya and rising volumes of fuel held in floating storage, althoug
Before hitting the hay we need to call a big B.S. on the bastard 'bots from Rip (Off) City. They screwed us again yesterday (June 14) in crude oil futures.
The Trump Administration is reportedly considering plans to sell off about half of the Strategic Petroleum Reserve (SPR), which is the federal government's nearly-700 million barrel stockpile of crude oil.
Mexico City is making moves to secure its annual oil price hedging program, according to sources familiar with the process who spoke to Bloomberg.
IS BIG OIL PLANNING ITS OWN FUNERAL?