Berkshire Hathaway CEO Warren Buffett weighs in on investing in oil after having the worst day since 1991.
Crude Oil Prices
Oilfield Bust? Time to invest in oil?
The Oil industry is witnessing a major correction. Mass Layoffs and investment pull-back from oil majors are expected after Oil prices plunge because OPEC+ failed…
Goldman Sachs is now out with a dire warning: $20 a barrel oil.
Brent crude oil futures tanked as much as 31% to $31 a barrel on Sunday evening as Saudi Arabia ratcheted up pressure on Russia by…
No OPEC Deal? – Unprecedented Situation in Oil
OPEC ministers had said on Thursday that the coronavirus outbreak created an “unprecedented situation” that demanded action, as measures to stop the virus spreading dampens…
Oil prices plunge – OPEC+ fails to agree on production cut
The Failure to secure a deal between OPEC, Russia and other members of an alliance known as OPEC+, which was a tool used by The…
China has begun imposing new tariffs to crude oil from the U.S
China has begun imposing new tariffs to crude oil from the U.S. In the continued escalation to Trump’s trade war, China also filed a complaint…
A Failure Of OPEC+ Could Turn The U.S. Oil Boom Into Another Bust?
By David Blackmon The prevailing conventional “wisdom” appears to be that they will take their medicine one more time, and agree to at least extend…
OPEC is sending a clear warning to Washington
OPEC is sending a clear message to Wall Street banks and big investors: if Washington passes legislation that would allow the U.S. government to sue…
Crude Oil market volatility seen continuing into the New Year
The oil market is under the thrall of macroeconomic factors that are weighing on the stock market and raising questions about crude demand in 2019.
Crude gets caught up in financial market weakness
Oil rose to $51 a barrel on Wednesday on perceptions that a price slide to 2017 lows prompted by economic worries had been overdone amid an OPEC-led effort to tighten supply.
The collapse in oil prices, now hovering around $45 per barrel in the U.S
Currently national gas prices at the pump average around $2.34 a gallon.
Oil falls below 50 – The OPEC+ Russia cuts still not doing much to boost oil prices
Oil prices fell more than 2 percent on Monday, with U.S. crude tumbling below $50 a barrel, on signs of oversupply in the United States
Cheap Oil is no longer a good thing for the U.S Economy
Previously, the decline in oil prices was definitely beneficial to the American economy, but now the situation is more complicated and this principle no longer…
2019 U.S Oil producers will pump an average 12.06 million barrels a day
EIA expects global liquid fuels consumption to increase by 1.5 million b/d in 2019, with growth largely coming from China, the United States, and India.