Tags » Oil Industry

Saudi Arabia Won't Cut Oil Production to Boost Prices

Saudi Arabia will not cut oil production to boost depressed prices, a reversal in the kingdom’s usual policy of moderating supply to control prices and sending a strong message about the Organization of the Petroleum Exporting Countries’ (OPEC) strategy for dealing with a slumped oil market. 132 more words

shantiepc reblogged this on The EndPoint Business Blog and commented:

Good news for the consumer?

Plunging oil prices rattle independent operators in Kansas

WICHITA, Kan. (AP) – Plunging crude prices are hitting oil producers especially hard in Kansas. That is because the oil industry in the state is dominated by small, independent operators who depend heavily on the cash flow from producing wells to pay to drill new ones. 83 more words

News

The Pilot Light Goes Out on NY State Fracking

A kid that went to school with my son got busted the other day.  Drugs.  Selling, I assume, the article in the newspaper alluded to that.  410 more words

18 Dec 2014 (TheAge) - Vladimir Putin cornered: which way does he jump?

(18 Dec 2014, The Age, BusinessDay, p23, Malcolm Maiden)

‘Russia’s oil industry accounts for about half its export income, and about 13 per cent of its gross domestic product, and the oil price is about 45 per cent below its level in the first half of this year. 29 more words

1.Market Observations

Action and Reaction

I’m not an oil trader, nor am I a speculator, some bloke will read this article and laugh after I hit publish, but it seems to me that the trouble with the Ruble/oil is more a matter of psychology than it is ‘supply and demand.’ Reading articles from the WSJ, Bloomberg, RT, BBC, Reuters, and various other business sites, the prevailing message is: 352 more words