Oil Related Content

WSJ: Oil Price Plummet Will Send Shockwaves Through ‘Everything’

The Wall Street Journal reported that the free fall of oil prices will send shockwaves through “everything,” potentially impacting financial institutions, private equity firms and manufacturers. read more

Bloomberg: Oil Could Have Strongest Year Since 2016

Bloomberg reported that after a “tumultuous” year, oil markets are poised to have the largest year-over-year increase since 2016. read more

Bloomberg: Oil Investor Optimism Soars After OPEC Deal

Bloomberg reported that OPEC’s decision to cut crude production caused oil investor optimism to rise to the highest level seen since the beginning of the slump. read more

Major Oil Companies Experience 67% Increase in Cash Flow

Bloomberg reported that in Q3/16 the largest oil companies gained cash from operations of nearly $26 billion, a 67% increase from the previous quarter and more than twice the amount in Q1/16. read more

Bloomberg: Increasing Demand May Ease Oil Glut

Bloomberg reported that oil refiners are increasing their demand for crude oil, reducing the current stockpiles. read more

Bloomberg: Crude Oil Prices Could Reach $57 a Barrel in 2017

According to a survey of analysts conducted by Bloomberg, global oil prices will rise to $57 a barrel on average in 2017. read more

Oil Producers Gearing Up for Another Downturn

Bloomberg reported that after crude oil reached a 2016 peak in early June, prices have fallen by more than 10%, causing oil producers to prepare for a downturn in the second half of the year. read more

Oil Tanker Delivery Slows Due to Storage Overcapacity

Due to the oversupply, oil companies are asking tanker operators to reduce the speed of crude delivery, according to Bloomberg. read more

Bloomberg: Shale in Danger Due to OPEC Pressure

According to the Energy Information Administration, companies operating in U. S. shale formations will cut back production by 570,000 barrels a day in 2016, Bloomberg reported. read more

Bloomberg: Oil Prices May Have Further to Fall

Bloomberg reported that U.S. crude production has continued to rise despite the collapse in oil prices. And for a market where prices are already under pressure from a glut of oil, that’s not a pretty picture. read more

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Terry Mulreany
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