Oilprice’s Activity

Yesterday

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Article

Oilprice published an article 8:32 AM

Sanctions, Oil Prices Push Russia Into Currency Crisis

As oil prices show no sign of recovery, Russia is facing a sudden and acute currency crisis.

Tue Dec 16

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Article

Oilprice published an article 8:12 AM

OPEC Denies Price War, Shows Faith In Markets

OPEC Secretary-General Abdullah al-Badri is urging the cartel’s 12 members to maintain production and exploration despite a lower demand for oil.

Mon Dec 15

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Article

Oilprice published an article 7:29 AM

Iran Leaders Says US Not Only Target Of Suspected Saudi Oil Price War

To many observers, OPEC’s refusal to cut production and thus shore up oil prices was the beginning of a price war with the United States. Now Iran’s president is saying that Riyadh, through OPEC, is also using “treachery” to harm the economies of [more]

Fri Dec 12

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Article

Oilprice published an article 11:08 AM

Big Oil Slashing Spending Amid Low Prices

Oil prices continue to slide in mid-December, slumping towards another key threshold of $60 per barrel. Many oil companies are beginning to pare back capital expenditures, reconsidering pouring billions of dollars into expensive projects that may or [more]

Thu Dec 11

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Article

Oilprice published an article 9:06 AM

Oil Price Tumbles After OPEC Releases 2015 Forecast

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. And that’s just one of several sour estimates.

Wed Dec 10

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Article

Oilprice published an article 8:50 AM

Oil Price Drop Not Affecting US Drilling

The drop in oil prices caused by a supply glut hasn’t daunted US drillers. Oil companies are still drilling in the United States at the highest rate in more than 30 years even as demand in China and Europe sags.

Tue Dec 9

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Article

Oilprice published an article 8:52 AM

Ukraine Sends Russia Huge Advance Payment For Gas

Ukraine’s Naftogaz has sent $378.22 million to Russia as advance payment for natural gas supplies, which should lead to the resumption of shipments that were suspended nearly six months ago in a dispute over the prices Moscow had set for the fuel and [more]

Mon Dec 8

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Article

Oilprice published an article 9:00 AM

Saudis Cut Oil Prices Again In Bid To Maintain Market Share

Saudi Arabia may have led the move to keep OPEC’s crude production high and thereby keep prices low, but that doesn’t mean it isn’t concerned about keeping its share of the global oil market.

Fri Dec 5

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Article

Oilprice published an article 10:30 AM

US Shale Under Pressure From More Than Just Low Prices

Hydraulic fracturing, or fracking, has come full circle in Denton, Texas after a controversial ban on the practice entered into effect on Tuesday. The ban, while incomplete, gives strength to what is a growing anti-fracking movement in the United [more]

Thu Dec 4

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Article

Oilprice published an article 9:15 AM

Chevron, Statoil Announce First Oil Strike In New Gulf Of Mexico Field

Two multinational energy giants, Chevron Corp. of the United States and Norway’s Statoil, have begun extracting oil and gas from the large Jack and St. Malo fields in US waters of the Gulf of Mexico.

Wed Dec 3

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Article

Oilprice published an article 8:30 AM

Could Falling Oil Prices Spark A Financial Crisis?

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. But junk bonds pay high yields because they are high risk, and with oil prices dipping below $70 per barrel, companies that offered junk bonds [more]

Tue Dec 2

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Article

Oilprice published an article 12:45 PM

As Excitement Builds in the Montney, Companies Seek More Infrastructure

What does it take to build up a new region for oil and gas development? Obviously, the resources have to be in place and economically recoverable. But it is not as easy as just sticking a drill into the ground and pumping out oil and gas.

NL

Article

Oilprice published an article 10:09 AM

China Will Be The Big Winner In OPEC’s Production Decision

When OPEC decided on Nov. 27 not to reduce production below a nearly 3-year-old cap of 30 million barrels a day, the losers were producers such as the United States, whose boom in shale oil requires expensive extraction methods, and Russia, whose [more]

Mon Dec 1

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Article

Oilprice published an article 9:30 AM

OPEC Fires First Shot In Global Oil Price War

OPEC’s decision not to cut production to shore up oil prices drove down the price of oil even further in a strong challenge to American shale oil producers – or, in less delicate language, the start of an all-or-nothing price war.

Fri Nov 28

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Article

Oilprice published an article 9:55 AM

OPEC Refuses To Cut Production, Sending Oil Price Down Again

OPEC has resisted the urging of its needier members and has decided not to cut production levels despite the five-month-old plunge in oil prices.

Wed Nov 26

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Article

Oilprice published an article 9:20 AM

Veteran Oil Minister Says OPEC Alone Can’t Set Oil-Price Levels

OPEC alone can’t be held responsible for setting the price of oil worldwide, a veteran oil minister says, and it’s time for producers outside the cartel to help set acceptable prices for oil.

Tue Nov 25

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Article

Oilprice published an article 3:36 PM

Follow the Sand to the Real Fracking Boom

When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom.

Mon Nov 24

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Article

Oilprice published an article 12:30 PM

The Unwelcome Reality For U.S. Coal Exports

U.S. coal export capacity is running well below capacity, and as such, exporting coal from the U.S. west coast is a losing strategy.

Fri Nov 21

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Article

Oilprice published an article 10:30 AM

Russia Can Survive An Oil Price War

Russia finds itself in familiar territory after a controversial half-year, highlighted by the bloody and still unresolved situation in Ukraine. Nonetheless, the prospect of further sanctions looms low and Russia’s stores of oil and gas remain high.

Thu Nov 20

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Article

Oilprice published an article 9:15 AM

5 Reasons The Halliburton-Baker Hughes Deal Is Poisoned

Halliburton’s takeover of Baker Hughes is setting out to be the oil and gas merger of the year. One of the largest such deals in years, it has not, however, met with unanimous approval.

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