Category OPEC

Russian Oil Output Will Dwindle Under Sanctions and Low Prices – LUKoil Executive

http://www.themoscowtimes.com/business/article/russian-oil-output-will-dwindle-under-sanctions-and-low-prices-lukoil-executive/516935.html Russian Oil Output Will Dwindle Under Sanctions and Low Prices – LUKoil Executive ReutersMar. 03 2015 18:25Last edited 20:40 Sergei Petrov / Vedomosti LUKoil co-owner Leonid Fedun said oil prices could rebound to $100 this year because of falling global output. LONDON — Russian oil output is expected to fall 8 percent in the […]

Top Intelligence Official: U.S. Facing ‘Unprecedented’ Array of Threats

While the POTUS and Ms. Rice/SECSTATE Kerry worry about polar bears……… Excerpt: In his remarks, Reid led the audience on a global tour of what he described as an “unprecedented” plethora of challenges facing the United States, from the rise of the Islamic State and other violent Islamist extremist groups to the Ebola epidemic in […]

Stocks Close On All-Time Highs; Oil Hangs In; Acadia Pharmaceuticals (ACAD) Potential Blockbuster Stock

Stocks Close On All-Time Highs; Oil Hangs In; Acadia Pharmaceuticals (ACAD) Potential Blockbuster Stock http://www.fortunascorner.wordpress.com Well, it is bitterly cold here as I write this note with the temperature around 10 degrees, and a windchill factor of -14 degrees. Stocks closed at an all-time high on Friday, headed into a three-day weekend — which usually […]

Crude Awakening? Top Oil Analyst Says ‘Worst Is Yet To Come’ For Crude

Crude Awakening? Top Oil Analyst Says ‘Worst Is Yet To Come’ For Crude http://www.fortunascorner.wordpress.com Karma Allen, writing on CNBC’s website this morning, February 11, 2015, quotes Tom Kloza, Chief Oi Analyst at Oil Price Information Service, saying the situation with the price of oil “is going to get a lot worse before it gets better.” […]

Noted Citi Energy Analyst Forecasts $20 Oil; And An End To OPEC; Time To Go Long Gold?

Noted Citi Energy Analyst Forecasts $20 Oil; And An End To OPEC; Time To Go Long Gold? http://www.fortunascorner.wordpress.com John Melloy, writing on this evening’s CNBC website, notes that the investment firm, Citigroup, is forecasting oil will fall to $20 per barrel; and, the end of OPEC may be near.’ Edward Morse, “one of the more […]

Stocks Accelerate Losses Into Closing; Feb. Turnaround?; Oil Surges Bottom, or Head Fake?; 2 Potential Bio-Pharma Blockbusters

Stocks Accelerate Losses Into Closing; Feb. Turnaround?; Oil Surges Bottom, or Head Fake?; 2 Potential Bio-Pharma Blockbusters http://www.fortunascorner.wordpress.com Stocks sold off into the closing bell on Friday, as the outlook on Greece darkened; while oil gushed and had its best one-day gain since June of 2012. Digby Larner, writing in this weekend’s Barron’s, wrote that […]

Saudi Arabia’s King Abdullah Dies

From: CNN Breaking News Date: Thu, 22 Jan 2015 18:26:39 -0500 To: Subject: CNN Breaking News Saudi Arabia’s King Abdullah bin Abdulaziz Al Saud has died, according to an announcement on Saudi State TV. He was 90. The announcement comes nearly three weeks after the state-run Saudi Press Agency said Abdullah was suffering from pneumonia […]