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Royal Dutch Shell is planning a merger with BG Group- WSJ

Royal Dutch Shell is planning a merger with UK based oil producer BG Group, the Wall Street Journal said yesterday everning. According to the newspaper this deal would mean that Royal Dutch Shell would rival the world largest oil producer US Exxon Mobil. 23 more words


Oil trading 101

For those of us who never studied finance or economics, terms such as hedging, futures and long position are very mysterious.  Let’s look at a basic oil trading strategy: selling the futures spread, to understand some of these terms. 765 more words

Crude Oil

Oil prices go crazy as Saudi Arabia goes to war in Yemen

There’s nothing like a scare about the safety of middle-eastern sea-lanes to send oil prices higher, particularly when the scare involves fears of a conflict between the region’s two biggest powers. 622 more words


Oil prices not too low for Saudi Arabia

My last post explained why international oil prices have fallen dramatically during the last six months. This has harmed the profitability of many oil producers. 523 more words

Crude Oil

Why is oil suddenly so cheap?

Between 1998 and 2008 the price of oil increased ten-fold. Everyone was talking about peak oil – the idea that production would plateau and demand for oil would outstrip supply. 703 more words

Crude Oil

IEA warnings stall oil's rally

The rally that lifted crude oil prices by more than 25% from their January stalled as the International Energy Agency warned that there will be no return to the boom-time days for at least five years. 594 more words

Oil's roller coaster ride from last Thursday

The last 4 trading sessions in oil has been something similar to a roller coaster ride at Canada’s Wonderland Leviathon and today is pretty much no different.   211 more words