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MercoPress, en Español

Montevideo, May 8th 2024 - 06:03 UTC

Tag: Oilprice.com

  • Thursday, January 22nd 2015 - 11:36 UTC

    Oil price collapse hurting some more than others

    With weak demand, drillers can negotiate down rig prices. This leads to lower costs, helping drillers stay in the game.

    U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending.

  • Thursday, January 15th 2015 - 08:13 UTC

    Five ways to play the oil price plunge

    The cost of finding and “lifting” a barrel of oil out the ground varies between $16.88 in the Middle East to $51.60 offshore in the United States

    The collapse of the oil price has created losers and winners, and like every major movement in a commodity sector, the trick for investors is figuring out which side of the trade to be on.The most obvious victim of the slide in Brent and WTI prices over the last 6 months has been the major oil producers. Holders of these equities have seen price slides up to 33%.

  • Tuesday, January 13th 2015 - 08:56 UTC

    The real cause of low oil prices: Interview with Arthur Berman

    Oil prices need to be around $90 to attract investment capital. So, are companies OK at current oil prices? Hell no! They are dying at these prices

    With all the conspiracy theories surrounding OPEC's November decision not cut production, is it really not just a case of simple economics? The U.S. shale boom has seen huge hype but the numbers speak for themselves and such overflowing optimism may have been unwarranted. When discussing harsh truths in energy, no sector is in greater need of a reality check than renewable energy.

  • Thursday, January 8th 2015 - 06:36 UTC

    Top five factors affecting oil prices in 2015

    China is the second largest consumer of oil in the world and surpassed the United States as the largest importer of liquid fuels in late 2013

    As we ring in the New Year, let's take stock of where we are at with the oil markets. 2014 proved to be a momentous one for the oil markets, having seen prices cut in half in just six months.

  • Tuesday, January 6th 2015 - 23:11 UTC

    Energy crisis as early as 2016

    For now Saudi Arabia is willing to let the other OPEC members suffer until the next scheduled OPEC meeting in June.

    Low oil prices today may be setting the world up for an oil shortage as early as 2016. Today we have just 2% more crude oil supply than demand and the price of gasoline is under $2.00/gallon in Texas. If oil supply falls too far, we could see gasoline prices doubling within 18 months. For a commodity as critical to our standard of living as oil is, it only takes a small shortage to drive up the price.

  • Monday, December 29th 2014 - 20:09 UTC

    Did The Saudis And The US Collude In Dropping Oil Prices?

    The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia, through its OPEC Trojan horse, for driving down the price, thus causing serious damage to the world's major oil exporters – most notably Russia.

  • Thursday, December 18th 2014 - 18:12 UTC

    Oil price tumbles after OPEC releases 2015 forecast

    For 2014, the EIA expects demand will be about 960,000 barrels per day.

    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.

  • Friday, December 5th 2014 - 06:50 UTC

    Could falling oil prices spark a financial crisis?

    Junk-bond debt in energy has reached 210 billion, which is about 16% of the 1.3 trillion dollars junk-bond market

    The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns.

  • Friday, November 21st 2014 - 07:04 UTC

    Iran negotiations, OPEC meeting loom for oil markets

    “We will witness the sanctions shattering in the coming months,” Rouhani announced to a crowd in Teheran during a political rally

    As November draws to a close, there are two major events that could profoundly change the oil markets. With the clock ticking, the 5 permanent members of the UN Security Council plus Germany (P5 plus 1) are negotiating down to the wire with Iran over its nuclear program.

  • Monday, November 17th 2014 - 06:50 UTC

    IEA says oil supplies may not keep up with demand

    Global oil demand is expected to increase by 37% by 2040, with a dominant proportion of that coming from developing countries – i.e. China and India

    Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades.