Oil

The Energy Information Administration reported that U.S. oil production went above 9 million barrels a day in the week ended Nov. 7 for the first time since 1983.

Poor Ali bin Ibrahim Al-Naimi, the de facto leader of the OPEC cartel, he is not a bad guy, it seems he is just misunderstood. Or is he?

Maybe the real climate deniers are the ones that fail to acknowledge that so far the so-called science has been wrong.

The message is clear that OPEC is going to pump oil until hell freezes over. Of course with the weather forecast being what it is, that might be sooner rather than later.

Why shale producers should take OPEC’s advice.

The big question for OPEC now is if financially strapped OPEC members, like Venezuela and Nigeria, can outlast the U.S. shale oil producer as it is a shale, shale, shale world.

Crude might find its fall bottom, even though its situation is tenuous at best.

One day after Saudi Arabia declared war on U.S. oil producers by lowering prices in an attempt to dump cheap crude in the United States (US) market, the White House and private oil companies responded.

The Kingdom made no secret of their displeasure Monday when they cut oil prices to U.S. buyers while raising them for everyone else in the world. They are threatened by U.S. oil production and they are trying to break the U.S. producer’s back.

Oil producers in the U.S., Russia and around OPEC continue to produce full out as the world awaits to see if Saudi Arabia will show signs that they are going to stop the production madness.

While the U.S. gets ready to end QE, it seems the U.S. is getting stimulated in a different way, courtesy of Big Oil.

While oil earnings season is here, the season that has really begun is prediction season.

Trilby says that if crude keeps falling than the price at the pump will keep dropping.

Short term and long term demand fears sink oil, making the charts look a little sick.

The Canada attacks stymied a comeback in oil Wednesday, but stronger than anticipated data out of Europe and China is giving oil a chance to try to attempt another rally. 

Bullish and bearish forces are slugging it out in the oil complex and something has to give.

The boom in U.S. oil production has to change the mindset about our energy policy to better reflect the realities of today instead of the fears of the past. 

On one hand they reflect the positive impact from rising US oil production, but on the other they reflect a struggling global economy that is seeing falling demand, as well as falling confidence.  

Crude fell to the lowest level in more than two years, as plunging oil prices weigh heavilly on the energy sector which is the worst performer among all ten S&P 500 sectors.

Well here’s some good news for consumers, the price you pay at the pump is on a rapid decline, and the price of your airline ticket might be next.