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Keyword: crude

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  • Trump directs Mnuchin, Energy secretary to create plan to support oil, gas industries as selloff deepens

    04/21/2020 7:20:49 AM PDT · by tatown · 22 replies
    CNBC ^ | 4/21/2021 | Mike Calia
    President Donald Trump on Tuesday ordered key figures in his administration to put together a plan to get funding to the struggling U.S. oil and gas industries as a historic selloff in crude continued. “I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future!” Trump tweeted Tuesday morning, as West Texas Intermediate crude futures for May delivery again traded in negative territory.
  • Stocks Decline as Oil Prices Collapse to Record Lows

    04/20/2020 10:33:08 AM PDT · by tatown · 103 replies
    The Street ^ | 4/20/2020 | Joseph Woelfel
    U.S. crude futures for May delivery, the near-term contract, sank to their lowest level on record ever Monday, falling below $10 a barrel as traders fretted over the capacity of storage facilities both in the U.S. and abroad. At last check, West Texas Intermediate crude fell 74% to $4.72 a barrel. Contacts for June delivery declined 23%. "In my view, the plunge in oil prices speaks to the decline of global growth as demand dries up," said Dan Russo, chief market strategist at Chaikin Analytics, a quantitative investment research firm based in Philadelphia. "This could be a concern for investors...
  • Price For A Large Pizza: $14.99. Price For A Barrel Of Oil In The United States: $11.50

    04/20/2020 6:40:04 AM PDT · by Enlightened1 · 28 replies
    Oil Price ^ | 04/20/20
    Think I am going to be topping off my gas tank every time I go out. I saw a report the other day where there was a gas station in the Midwest that had 12 cents a gallon. Right now ever gas station is filled. The gas trucks are on hold ,and we even have ships that cannot deliver sitting off the coasts because there are no trucks and port is full. It's a good time to buy the dip. Nevertheless, this economy needs to be turned back on.
  • Why oil prices are dropping this summer

    06/08/2019 6:49:48 AM PDT · by yesthatjallen · 44 replies
    The Hill ^ | 06/08/19 | Ellen R. Wald
    The financial world is watching for further contentiousness between United States and Chinese negotiators, as oil traders fear a potential global economic slowdown. Meanwhile, the Organization of Petroleum Exporting Countries (OPEC) is trying to push oil prices higher. There was a time when OPEC would have been able to do that. However, the oil markets are facing several supply disruptions and yet the price is dropping. As OPEC prepares to meet at the end of this month and hopes to prop up the price of oil, we can thank U.S. oil production for the lower prices. Because of the 12.4...
  • Will Newsom end oil drilling in California? Many environmentalists are betting YES

    04/24/2019 8:24:04 AM PDT · by Red Badger · 42 replies
    www.sanluisobispo.com ^ | April 23, 2019 01:00 AM, Updated April 23, 2019 09:11 AM | By PHIL WILLON
    SACRAMENTO, Calif. California’s legacy of oil drilling should be just that, many environmentalists argue – relegated to the history books. They are urging Gov. Gavin Newsom to ban new oil and gas drilling in California and completely phase out fossil fuel extraction in one of the nation’s top petroleum-producing – and gasoline-consuming – states. At the least, they want the state to impose buffer zones prohibiting new oil and gas wells near schools, hospitals and residential neighborhoods and also require monitoring for potentially hazardous emissions from abandoned or plugged wells, proposals already being considered by state lawmakers. “It sure would...
  • Goldman: The Oil Market Can Handle Iran Outages

    10/09/2018 9:32:13 AM PDT · by bananaman22 · 5 replies
    Oilprice.com ^ | 10-09-2018 | Nicholas
    Oil prices cooled off in recent days as fears of an acute shortage of supply stemming from sanctions on Iran started to subside. At least two companies in India have lined up oil shipments for November, the month that sanctions on Iran take effect. The 9 million barrels of oil secured for next month translate into nearly 300,000 bpd of supply. Meanwhile, other reports suggest that the U.S. is softening its zero tolerance approach to sanctions, and could issue waivers to some importers who make significant reductions but struggle to cut imports to zero. Taken together, the oil market is...
  • Crude-By-Rail Could Save The Permian Boom

    08/15/2018 10:11:22 AM PDT · by bananaman22 · 14 replies
    Oilprice.com ^ | 08-15-2018 | Justin
    Crude-by-Rail (CBR) has been a savior for North American producers seeking higher returns for heavily discounted crudes caused by a lack of pipeline take-away capacity. And CBR, once again, is on the rise. North American shipments of petroleum and petroleum products are up over 10% year-to-date compared to 2017. In May 2018, nearly 200,000 barrels per day were shipped by rail from Canada to the U.S., nearly five times that of June 2016. But, the story of CBR is really about how price differentials became so large in certain regions.
  • Ghetto mama attacks an older woman on NYC subway (Profanity alert)

    06/03/2018 10:54:56 PM PDT · by Enterprise · 33 replies
    https://www.liveleak.com ^ | 6-3-18 | Unknown
    Ghetto mama attacks an older woman on NYC subway
  • Citi: U.S. To Become World’s Top Oil Exporter

    05/05/2018 6:44:39 AM PDT · by bananaman22 · 16 replies
    Oilprice.com ^ | 05-03-2018 | Tim
    As global oil markets shift their attention from U.S. shale oil production back to a resurgent Saudi Arabia and Russia and geopolitical concerns bearing down on oil prices, Citigroup said last Wednesday that the U.S. is poised to surpass Saudi Arabia next year as the world’s largest exporter of crude and oil products. The U.S. exported a record 8.3 million barrels per day (bpd) last week of crude oil and petroleum products, the government also said Wednesday. Top crude oil exporter Saudi Arabia’s, for its part, exported 9.3 million bpd in January, while Russia exported 7.4 million bpd, the bank...
  • Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia

    04/24/2018 11:09:46 AM PDT · by Berlin_Freeper · 52 replies
    reuters.com ^ | April 23, 2018 | Olga Yagova, Libby George
    As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude.
  • Saudi Oil Minister Tired Of Shale Hype

    01/30/2018 4:39:34 PM PST · by nickcarraway · 27 replies
    OILPRICE ^ | Jan 25, 2018 | Nick Cunningham
    “I was not disputing the amazing revolution of shale . . .[but] in the overall global supply demand picture it’s not going to wreck the train,” al-Falih said, charging that the IEA is overstating the role of shale in a global market. “We should not be scared,” he added. “That’s the core job of the IEA, not to take it out of context.” Al-Falih has clearly become annoyed at all the pestering from reporters and market analysts about the prospect of U.S. shale spoiling OPEC’s plans this year. He put on a brave face and dismissed questions about OPEC losing market share as...
  • Handler Sends Crude Tweet Suggesting Lindsey Graham Is Gay, Getting Blackmailed

    01/10/2018 11:45:37 PM PST · by a little elbow grease · 40 replies
    freebeacon.com ^ | 1/10/18 | Katelyn Caralle
    Comedian Chelsea Handler posted a tweet Wednesday night suggesting that Sen. Lindsey Graham (R., S.C.) is gay and being blackmailed into siding with President Donald Trump on immigration reform. In her typo-riddled tweet, Handler applied her vulgar comedy when suggesting that there was an inappropriate sexual video of Graham in a compromising situation with another male, and she told him "coming out" would be more honorable. "Holy, f*ck f*ck," Handler tweeted. "I just [sic] the video of trumps bipartisan "meeting" yesterday. Hey, Lindsey Graham what kind of dick sucking video do they have on you for you 2 be acting...
  • Venezuela’s National Oil Company On Its Last Legs

    07/18/2017 10:27:56 AM PDT · by bananaman22 · 11 replies
    Oilprice.com ^ | 18-07-2016 | Luis
    On Sunday 9th, 2017 Venezuela hit a hundred days of anti-dictatorial regime demonstrations. Hundreds of thousands of Venezuelans have taken over main streets and roads demanding a new presidential election, a humanitarian solution to counter food and medical supply shortages, the release of political prisoners and the reinstitution of the National Assembly’s functions. Since the protests started, more than one hundred people have been killed, 3,500 arrested and thousands injured across the country. This critical economic, political and social situation does not seem to have an easy solution. In Venezuela, 96 percent of foreign currency earnings come from oil industry,...
  • Emily Ratajkowski says she couldn’t land acting jobs because her ‘boobs are too big’

    07/04/2017 8:20:06 AM PDT · by EdnaMode · 95 replies
    Entertainment Weekly ^ | July 3, 2017 | JULIE MAZZIOTTA
    Emily Ratajkowski says her breasts are holding her back from getting acting jobs. The actress — who first broke onto the scene as one of the topless models in Robin Thicke’s “Blurred Lines” video — says she thinks it’s a form of gender discrimination. “There’s this thing that happens to me: ‘Oh, she’s too sexy.’ It’s like an anti-woman thing, that people don’t want to work with me because my boobs are too big,” Ratajkowski, 26, tells Harper’s Bazaar Australia for their August issue. “What’s wrong with boobs? They’re a beautiful feminine thing that needs to be celebrated. Like, who...
  • Disgusting! Democrat Lawmaker Says Kellyanne Conway Looks ‘Familiar’ On Her Knees

    03/02/2017 4:08:37 PM PST · by blueyon · 52 replies
    The Gateway Pundit ^ | 3/02/17 | Cristina Laila
    The Democrats prove once again that they are the true misogynists. Democrat Congressman, Cedric Richmond in Louisiana disrespected Kellyanne Conway by making a crude ‘joke’ about her looking ‘familiar’ on her knees in reference to the picture of her kneeling on the couch in the Oval Office.
  • Liberals are Prudes – Who Knew?

    10/08/2016 6:12:40 AM PDT · by Sean_Anthony · 9 replies
    Canada Free Press ^ | 10/08/16 | Jim O'Neill
    I’ll take Trump with his rough edges and sharp elbows, warts and all, over any of the oh-so-refined thoroughly corrupt bought-and-paid-for globalists being shoved down our throats Recently much ado has been made of some crude comments that Donald Trump made some years back. Media mavens are all aflutter with outraged disgust. I do not know what convent these shocked sisters came from, but I have heard similar male braggadocio my entire adult life. Perhaps they need to get out more.
  • The Biggest Threat To Oil Prices Is The Dollar, Not A Supply Glut

    07/28/2016 9:14:52 AM PDT · by bananaman22 · 5 replies
    The glut of gasoline and other refined products has taken center stage for the oil markets, threatening to initiate a new bear market and push oil prices down below $40 per barrel for the first time in months. But while a surplus of refined products is weighing on crude prices, there could be another culprit that does not get as much publicity. Goldman Sachs says that a strong dollar deserves more blame for an oil price downturn, and further strengthening of the greenback looms as a much larger threat to prices than the gasoline glut. The U.S. Federal Reserve could...
  • IEA: Gasoline Glut Could Cause Oil Price Rout

    07/13/2016 9:39:07 AM PDT · by bananaman22 · 7 replies
    Oilprice.com ^ | 13-07-2016 | IEA
    Oil prices have been crushed over the past two years because of a glut of production. With supplies falling off, particularly in the U.S. shale patch, prices have begun to firm up. But another glut that has built up and has stubbornly refused to fall threatens another oil price downturn. In its July Oil Market Report, the International Energy Agency warned about shockingly high levels of refined products sitting in storage. Gasoline, diesel and heating oil are built up to such high levels in so many parts of the world, that a sharp rise in crude oil prices is unlikely...
  • Crude Rebounds Spectacularly On Weaker Dollar

    07/12/2016 1:24:34 PM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 12-07-2016 | Len
    Oil prices showed weakness on Monday once again after a brutal few days last week. But WTI and Brent moved up in early trading hours on Tuesday. Several news items overnight pushed oil up on Tuesday, including a falling U.S. dollar, a ruling from an international court on the South China Sea (more below), news that an ExxonMobil well was attacked in the Niger Delta (something which Exxon denies), and reports that some oil exports were delayed from Iraq because of a pipeline leak. The markets are awaiting crude inventory estimates from API later today, which could move prices.
  • Why An Oil Price Crash Remains Unlikely

    07/06/2016 10:20:46 AM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 06-07-2016 | Mike
    There has been a lot of optimism returning to the energy markets of late as oil prices have climbed to the $50 a barrel region. Ironically, while a few years ago $50 a barrel would have been seen as an unthinkably low oil price, today it is regarded as much needed relief from prices that ran in the $25 a barrel region earlier this year. Yet with the climb in prices, analysts are now starting to forecast prices per barrel of as much as $80 in the next year. That view is not the mainstream though. Instead most analysts are...