Tag Archives: Oil Price

Bank of Montreal Asks If “Oil Prices Could Collapse To $20”; Answers: “Yes”

Tyler Durden – ZeroHedge – December 27, 2015 When looking at the price of oil in 2015, Canada’s Bank of Montreal admits it was wrong. Very, very wrong. In our “2015 Year Ahead” report we laid out three plausible scenarios: (1) … Continue reading

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Get ready for another oil price dip: Goldman Sachs

Matt Clinch – CNBC – Tuesday, 12 May 2015 The rally in oil over the last couple of months has derailed a rebalancing of the commodity’s price and will cause it to weaken, Goldman Sachs warned Tuesday. (Tweet This) “We believe that … Continue reading

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Colorado’s Rig Count Continues Downward Spiral

Colorado’s latest rig count as reported by Baker Hughes fell to a new post boom low of 39 in the week ending March 20th, 2015.  The rig count in Colorado for the same week in 2014 was 61 rigs.  The … Continue reading

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Oil Slides to Near 6-Year Low; Saudi Arabia Holds Firm Despite Supply Glut

By Heesu Lee – Jan 25, 2015 – Bloomberg News Oil fell to the lowest level in almost six years as signs that Saudi Arabia’s new king will maintain its production policy and rising U.S. crude inventories bolstered speculation that … Continue reading

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Wall Street Now Sees Oil Around $40

By Grant Smith – January 14, 2015 – Bloomberg News Brace for $40-a-barrel oil. The U.S. benchmark crude price, down more than $60 since June to below $45 yesterday, is on the way to this next threshold, said Societe Generale … Continue reading

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Oil slump consumes market value of Colorado producers

By Aldo Svaldi – The Denver Post – January 3, 2015 The slump in oil and gas prices that started in June has cost Colorado’s petroleum companies billions in lost market value — enough to cover the entire state budget for the … Continue reading

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Oil prices likely to rebound in second half of 2015: Reuters poll

By Koustav Samanta and Vijaykumar Vedala, Reuters, December 22, 2014 (Reuters) – Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by … Continue reading

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Oil Breaks $60 Threshold for First Time in 5 Years

By CLIFFORD KRAUSS – The New York Times – December. 11, 2014 HOUSTON — The American benchmark price for crude oil broke the symbolically important $60 a barrel mark on Thursday for the first time in over five years, underscoring a remarkable … Continue reading

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