Tags » CRUDE Oil Prices

In 1973, OPEC demonstrated its power to raise oil prices. By its actions, crude oil price quadrupled in less than a year and stabilized around that price level for several months following. 800 more words

Policy

Talk is Cheap

By Bill Holter – Re-Blogged From http://www.Gold-Eagle.com

Wednesday the Fed made their announcement and deleted the famous word “patient”.  I have never seen such a nonsensical frenzy over anything, never mind a single word.  983 more words

GDP & Employment

Here’s the next big threat to global crude oil prices — and it isn’t OPEC

The next big threat to oil prices isn’t from OPEC or Bakken shale. It’s Russian samovars, or teapots.

Simple refineries that process crude into fuel oil are scaling back, because when oil prices slump, the government reduces the discount that these refiners — known as teapots to those in the industry — get for exporting fuel. 733 more words

Europe

Beware Of The ”Frack-Log”

By Andrew Hoffman – Re-Blogged From http://www.Silver-Phoenix500.com

Why do I spend so much time discussing collapsing oil prices, you ask? Well, for one, because as we wrote back on October 15th – when WTI crude was $83/bbl, compared to $43/bbl this (Monday) morning – “ 1,104 more words

GDP & Employment

Stabilisation Fund to be depleted to shore up budget  

As market watchers had expected, government says it will draw GH¢487.2 million from the Ghana Stabilisation Fund to support the 2015 budget after a fall in crude oil prices forced it to slash oil revenue forecasts by 64 percent – about GH¢2.7 billion. 438 more words

Extractives

Oil is back in the doldrums as the IEA warns of glut

Oil prices are tumbling back towards the six-year lows that they hit in January after more signs of the U.S. economy weakening and a new report suggesting that the rout at the end of last year still hasn’t had a meaningful impact on U.S. 453 more words

Energy