The Trump tweets have escalated the ongoing trade war and now Oil is the current victim. Crude slid to a two-week low after China announced…
Commodities
Crude Oil Slumps – On Recession Fears And Oversupply Concerns
Amidst the declining economic growth and OPEC+’s supply cuts, oil industry braces for possible economic headwinds.
More Countries are turning to China for Help
Libya NOC representatives traveled to China today to discuss China’s interest in helping to restore Libya’s oil industry that has suffered through years of civil…
Crude Oil Traders Await Fed Rate Cut, Industry Sees Storage Drop
Oil surged as the Federal Reserve moved toward a rate cut to boost the economy while tensions with Iran threatened to choke Middle East supplies….
China’s new refineries spur demand – Crude oil imports are up
A new plant owned by Hengli Petrochemical (600346.SS), capable of processing 400,000 barrels per day (bpd) of crude, reached full operations in late May, while…
Oil prices mixed on US crude stock data
Oil Opens a New Window. prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks Opens a New Window. declining, outweighing…
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…
Crude Oil slipping half a percent to the weakest closing price since Feb
U.S. West Texas Intermediate crude futures settled 25 cents lower at $53.25 per barrel, slipping half a percent to the weakest closing price since Feb….
Crude prices slumped to a three-month low on concerns with Trump’s trade policy
Oil Opens a New Window. prices slumped to a three-month low Friday as concerns about President Trump’s trade policy Opens a New Window. and the…
Are commodities sending warning sign to rest of world?
Crude gets slammed and copper collapses. Are commodities sending a warning? With CNBC’s Melissa Lee and the Fast Money traders, Dan Nathan, Brian Kelly, Karen…
China’s Fracking Revolution: China uses CO2 instead of water for fracking
Could a greenhouse gas (CO2) be the answer to making fracking less controversial? Counterintuitive as the idea might seem, Chinese researchers, claim that using carbon…
Do we have a Shale Slowdown? Speculators are running crazy
Oil speculators are calling a bear market because of the lack of rig count? it looks like they forget that is was Wall-street that asked…
Oil above $70
OPEC and some allies including Russia are due to meet on June 25 and 26 to discuss output policy going forward. Saudi crude oil exports…
Why the low Drilling Rig count? – Oil Correction Or investors demands?
Producers have pledged to pare spending after investors wanted to see companies demonstrate the long-term viability with positive cash flow. So U.S. shale drillers are…