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New Europe declare : Oil prices drop to three-months lows

collected by :Jack Alex as mentioned in Meanwhile, Kuwait’s Oil Minister Essam al-Marzouk reportedly has said the country supports extending the current OPEC oil production cut beyond its June deadline. WTI fell 17 cents to $48.32 a barrel, Reuters reported. Traders doubt OPEC deal will reduce oil glut, offset US …

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Oil Prices declare : Is The Oil Price Plunge A Turning Point?

Oil Prices  declare : Is The Oil Price Plunge A Turning Point? picture-11278-310x165

collected by :Jack Alex as informed in Related: Why It Isn’t Game Over For Canada’s Oil SandsThe other negative weighing on oil prices is the increase in U.S. crude oil production. Turning PointAlthough yesterday’s price plunge may have been an over-reaction, it may also represent a turning point for prices …

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Harold Hamm: U.S. Shale Spending Binge Could Destroy Oil Market

Harold Hamm: U.S. Shale Spending Binge Could Destroy Oil Market picture-11233-310x165

collected by :Jack Alex In a rather unconventional warning, Continental Resources chief executive Harold Hamm said on Wednesday that should the U.S. oil industry embark on another spending spree, it could “kill” the market. Continental Resources sees full-year 2017 output at between 220,000 boepd and 230,000 boepd, versus around 217,000 …

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Oil Prices said : Is The Oil Price Plunge A Turning Point?

Oil Prices said : Is The Oil Price Plunge A Turning Point? picture-11197-310x165

referring to Related: Why It Isn’t Game Over For Canada’s Oil SandsThe other negative weighing on oil prices is the increase in U.S. crude oil production. Turning PointAlthough yesterday’s price plunge may have been an over-reaction, it may also represent a turning point for prices to adjust downward. In short, …

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