Oil

Chevron Corp, the second-largest U.S. oil company, said on Friday its fourth-quarter profit dropped 32 percent as refining margins and production fell around the world.

Meet The World's New Energy Superpower: Exports of refined products from the U.S. have risen sharply, another byproduct of the shale boom.

A glut of oil is driving a contango in futures market and is putting a premium on places to put it.

'Twas the last energy report before Christmas, when all through the pits, OPEC is making the oil price slip.

If falling energy prices are such a good thing for the global economy then why are we seeing so much turmoil?

Falling rig counts and a shutdown of a major Libyan oil port is slowing the oil market breakdown despite OPEC showing no signs of changing course on oil output as they target U.S. shale producers.

Safe haven buying in US bonds and metals signal fears that the globe is on the verge of a downward deflationary spiral.

This is becoming a word wide oil price war.

While oil prices continue to plummet because of the OPEC price war, already we are laying the groundwork for the next oil crisis rally.

At this point what has to be clear is that the Saudis will defend their market share, whatever the cost may be, they will cut prices in Asia, they will cut prices in  Europe, they will cut prices in the U.S., they shall never surrender.

My take is simple. Falling oil prices are a good thing as long as they are going down for the right reasons.

Isn’t it time someone stood up for US energy companies that have been a major contributor to US energy security and our economic growth.

The majority of Wall Street shops were off in their predictions made in late 2013 and early 2014 that oil would average anywhere from $83 to $100 a barrel this year. Here is a look back.

OPEC decision to start a price war in oil is having far reaching consequences across the global economy.

A funny thing happened on the way to the OPEC meeting.

While it appears that OPEC indeed is going to get a deal on a production cut, already the markets are questioning whether it is going to be enough.

For oil this week it is all about OPEC and how they can balance the conflicting short term needs of the cartel and their long term viability.

As OPEC is getting ready to meet next week in what will be their most important meeting in recent memory, it seems that global central bank actions may be doing some of the heavy lifting.

Shinzo Abe is not as popular as he once was, but he knows that his opposition is in disarray and does not offer any better ideas so he continues to go for broke both politically and economically. God help him.

At the G-20 summit Cameron said ‘red warning lights are flashing on the dashboard of the global economy’ and that the crisis that brought the world to its knees may happen again.