Chris Faulkner, Breitling Energy CEO, provides his take on how geopolitical risk is impacting the price of crude.
Tags » CRUDE Oil Prices
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
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
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