Tag Archives: Saudi Arabia

OPEC is now effectively dissolved – BofA

By Ambrose Evans-Pritchard, The Telegraph – Aug 5, 2015 Saudi Arabia may go broke before the US oil industry buckles It is too late for OPEC to stop the shale revolution. The cartel faces the prospect of surging US output … 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 oil and gas slump is fallout from global game of ‘chicken,’ says exec

Cathy Proctor – Reporter-Denver Business Journal – May 13, 2015 The budget cuts, layoffs and office closures that have spread across Colorado’s oil and gas fields in recent months are the “collateral damage” in an international game of chicken involving the biggest … Continue reading

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Shale Players are “Coring Up”

April 1, 2015 – In response to the drastically reduced price of oil, U.S. shale producers are “Coring up” said Tim Rezvan, Managing Director at Sterne Agee, speaking at the 2015 DUG Bakken and Niobrara conference today at the Colorado Convention … 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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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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Saudis Go Back to the Future to Take on U.S. Shale Rivals

Rockpick: With Niobrara Oil on average being profitable at just over $55 bbl, the Niobrara overall is still viable at current prices, however it looks like the Saudi’s are determined to demonstrate their considerable power in the marketplace to their … Continue reading

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U.S. Becomes World’s Top Oil Producer in 2013, PIRA Says

By Mark Shenk – Oct 15, 2013 The U.S. is expected to overtake Saudi Arabia as the world biggest total supplier of oil this year when natural gas liquids and biofuels are added to crude, PIRA Energy Group said. The U.S. is projected to produce … Continue reading

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