Tag Archives: Oil

Takeaways from International Petroleum Week

The International Petroleum Week, hosted in London, is an excellent opportunity to gauge the standing of the oil industry, with traders and executives making the trip from around the world. Only a year ago, the event boasted a somber mood, … Continue reading

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Winner From Election: Futures

Donald Trump’s acceptance speech erased major losses in Dow Futures Wednesday due to his mollifying tone and focus on the economy. Talking about the economy in his speech caused traders to reconsider what a Trump Presidency would mean for growth … Continue reading

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OPEC Gains Consensus for Cuts

Members of the Organization of the Petroleum Exporting Countries came to an agreement in Algeria on Wednesday to cut crude output to decrease global supply. There hasn’t been a production cut since 2008 after the financial crisis decreased the demand … Continue reading

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Oil sinks near $40 a barrel along with lower commodity prices

The commodity markets have been declining substantially, especially this week. Gold prices fell to the lowest level in five years, copper prices hit a six year low, and oil has sunk to a close of $40.74. The prices of 24 … Continue reading

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Keystone Pipeline Deal Struck Down

After seven years of developments, the Keystone XL pipeline project permit was denied by the U.S. Department of State. President Obama supports this decision, citing the U.S. stance on climate control and long-term national interests as key reasons why the … Continue reading

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Shell to Cease Oil Exploration in Alaskan Arctic After Disappointing Drilling Season

Royal Dutch Shell PLC is quitting its $7 billion Arctic exploration after disappointing results from the first well. The drilling efforts sparked protests over potential ecological effects and even became part of the U.S. presidential campaign when Hillary Clinton tweeted … Continue reading

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S&P Downgrades Brazil’s Debt To Junk

S&P Downgrades Brazil’s Debt To Junk On September 9th Standard & Poor’s downgraded Brazil’s credit rating to BB+, which is below investment grade or junk.The downgrade followed after Dilma Rousseff, president, sent Congress a budget for 2016 with a primary … Continue reading

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