A weekly roundup of peak oil news, including: -Oil and the Global Economy -The Middle East and North Africa -Russia/Ukraine -Quote of the Week -The Briefs
Articles: oil production (25)
A mid-week update. The great oil crash of 2014 continued this week with New York futures trading below $76 a barrel for a time on Tuesday before rebounding to close Wednesday at $78.67.
How far the oil price will come down and for how long it will stay “low” is now anyone’s guess. A declining price results from weakening demand while supplies are improving.
A person might think that oil prices would be fairly stable. Unfortunately, it doesn’t seem to work that way recently. Let me explain at least a few of the issues involved.
A mid-week update. Brent crude fell to its lowest level in more than two years after the Saudis dropped their official selling prices, suggesting that they do not plan to curtail production anytime soon to force prices higher.
A weekly update, including -Oil and the Global Economy -The Middle East and North Africa -China -Ukraine -Quotes of the Week -The Briefs
A mid-week update. New York oil futures took a jump on Wednesday after the EIA reported that US crude inventories fell by an unexpected 4.3 million barrels last week as US refinery operations increased slightly and crude imports fell by 1.2 million b/d.
A weekly update, including: - Oil and the global economy -The Middle East and North Africa -Russia -Quote of the Week -The Briefs
A mid-week update. After a $2 a barrel jump on Tuesday, NY futures slid back a bit on bit on Wednesday after an unexpected jump in US crude inventories of 3.7 million barrels which was 5 million higher than analysts had been expecting.
A weekly update including, -Oil and the Global Economy -The Middle East and North Africa -Ukraine -Quote of the Week -The Briefs