Oil glut and China's poor manufacturing data reflected in global markets

Tuesday, August 4th 2015 - 05:18 UTC

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United States stocks fell on Monday as oil prices touched a six-month low and factory data from China raised concerns about the world's second-biggest economy. Energy stocks were the biggest losers among the main S&P sectors, recording their worst three-day decline in seven months. Exxon Mobil and Chevron, which also reported poor results on Friday, led the losses. Read full article

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All the data out of China keeps showing a continual slowdown..... and yet what's the bet the next growth rate comes in at the magical 7%!
Aug 04th, 2015 - 08:46 am - Link - Report abuse 0
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paulcedron II
“Crude prices are now on course for their weakest 3Q performance since the financial crisis in 2008”

as i said many times, those tiny little “oil wells” of the islets are totally unviable.
and a lot more with the current situation.

a comerlaaaa....lol
Aug 04th, 2015 - 12:51 pm - Link - Report abuse 0
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ChrisR
@ 2 POLLY POLLY

Why are you bothered when TMBOA singularly fucked YPF up to the point where you are importing more oil and gas than ever?

The islands are still and always will be a British Overseas Territory or independent if that is what they want.

They will never be part of TDC because it won't exist in 25 years.
Aug 04th, 2015 - 06:12 pm - Link - Report abuse 0
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yankeeboy
2. Pumping oil is not expensive, its finding it. The Falklands already have huge proven oil fields.
Not so VM, I bet Chevron pulls out by next year.
I just read YPF is the only one drilling there
And I bet you don't sell enough Soy next year to buy the fuel you'll need just to keep warm.
:)
Aug 04th, 2015 - 07:30 pm - Link - Report abuse 0
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Klingon
http://www.smh.com.au/business/comment-and-analysis/saudi-arabia-may-go-broke-before-the-us-oil-industry-buckles-20150805-gism05.html
Aug 06th, 2015 - 12:21 am - Link - Report abuse 0
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