A midweek update.Oil futures fell as low as $39.91 a barrel in New York on Wednesday before rebounding to close at $40.75.
Articles: oil price (95)
A mid-week update. After two weeks of steadily falling oil prices, the markets rebounded on Wednesday, closing up 6.3 percent in New York at $45.94 and 4.8 percent in London at $49.05.
A new report from Oil Change International challenges industry’s common assumption that the continued production of oilsands crude is inevitable.
A weekly update of peak oil news, including: Quote of the Week, Oil and the Global Economy, The Middle East and North Africa, China, Russia/Ukraine, the Briefs
Could the price of oil be a value such that the current quantity produced exceeds the current quantity consumed?
US shale oil is unusual, in being privately owned: most of the world’s oil reserves (over 70 percent) are in state hands.
The last ten days have been among the most volatile for the oil markets since Iraq invaded Kuwait 25 years ago.
If prices stay low for the next three years, the global oil industry and the countries it finances will be out $4.4 trillion in revenues.
Market fundamentalists tell us that prices convey information. Yet, while our barbers and hairdressers might be able to give us an extended account of why their prices have changed in the last few years, commodities such as oil--which reached a six-year low last week--stand mute. To fill that …
2014 was one of the worst in over six decades for major new oil discoveries, even though oil prices were high for most of the year.