New U.S. oil well applications dropped nearly 50% last month as fracking comes to a grinding halt. STEVE AUSTIN | 2014/12/08 Recent falls in oil prices alter the financial dynamics of oil extraction. Certain sources of oil entail lower costs than others. For example, conventional pumped oil extraction in high pressure onshore wells costs relatively […]
The 1987 stock market crash was preceded by a drop in oil price. Is the same cycle reoccurring today? TOM THERRAMUS AND STEVE AUSTIN | 2015/01/14 The Black Monday stock market crash of October 19th, 1987 was the largest one-day percentage decline in the Dow Jones Industrial Average. The crash was a genuinely perplexing event. […]
Innovators such as Recon Technology Ltd. stand to benefit from the industry’s shift toward cheaper fracking. TOBIAS VANDERBRUCK | 2015/02/19 The oil industry relies on a steady stream of exploration and innovation in order to locate and exploit ever more remote and inaccessible reserves of oil. Periodically, new technology opens up new oil fields and […]
Discrepancies in crude oil pricing are speculators’ bread and butter. STEVE AUSTIN | 2015/03/31 You would have read here, at oil-price.net, that oil producers and refineries use the Brent Crude Index and the West Texas Intermediate Index (WTI) to settle contract prices for oil delivery. The real-world contract price for oil can vary widely, despite […]
The evolution of oil prices is shaped by macroeconomic and geopolitical trends. Today’s 6 trends indicate that a decline is in the cards. STEVE AUSTIN | 2015/05/07 Investors and speculators can make money in any market no matter which way prices move. In a rising market, you buy and then sell later at a higher […]
While Saudis flod the market with cheap petroleum, US frackers invent more economical ways to extract crude oil and compete. Truth be told, the USA, birthplace of innovation, is rarely short on ingenuity. STEVE AUSTIN | 2015/06/15 The price of oil has been falling since July of last year, and many industry analysts have struggled […]
The decline in crude oil prices is not felt at the pump, to the dismay of drivers. STEVE AUSTIN | 2015/07/22 Since the price of crude oil started to tumble in June 2014, almost $80 has been wiped off the cost of a barrel of oil from the peak to the trough of oil market […]
Oil refiners disclosed higher profit margins thanks to lower crude oil prices. Unfortunately this does not always translate into savings at the pump. STEVE AUSTIN | 2015/09/02 Lower fuel prices are great for the consumer, but we know that not all of the cost saving of lower crude oil and gas prices have been passed […]
Disagreement over a crude oil pipeline turned the Syrian conflicty into a proxy war between the Saudi Arabia and Russia, forcing millions to flee towards Europe. STEVE AUSTIN | 2015/10/14 Most watch in disbelief as hordes of Middle Eastern migrants enter Europe with little to no resistance from border control. Whereas refugees are normally women […]
Four decades of trade agreements with the gulf states prompt their spiritual mentorship to be questioned in the wake of the Paris attacks. STEVE AUSTIN | 2015/12/02 In our last article we predicted that thousands of hardened ISIS fighters, blending among refugees, would march into Europe undetected. We also advised our readers that this would […]