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Tag Archives: Oil Prices

Oil price risks put inflation back in focus

By Robin Emmott BRUSSELS (Reuters) – Iraq will be foremost in investors’ minds in the coming week as oil price risk has returned to markets, complicating the task for central banks whose policies are beginning to diverge for the first time since the global financial crisis. Oil prices neared nine-month highs late last week, touching $115 a barrel, and the ...

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North Dakota now produces 1M barrels of oil a day

WILLISTON, N.D. — North Dakota is now producing 1 million barrels of oil per day, with a large part of the credit due to the rich Bakken shale formation in the western part of the state. The state’s Department of Mineral Resources on Tuesday released the April production numbers that show the oil fields’ record level. In March, the state ...

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For OPEC, the price of oil is just right, for now

Jonathan Fahey | Associated Press Energy Writer NEW YORK (AP) — The world oil market has set up quite nicely for OPEC. Dramatic changes in oil production around the globe are balancing each other out instead of wreaking havoc. This has helped world oil prices stay high enough to provide OPEC countries with robust income, but not so high that they ...

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Forbes list projects oil prices to bust in the near future

By Lydia Gilbertson | Google+ Oil prices fluctuate almost hourly. The amount of domestic crude that the United States is producing is increasing just as quickly. Forbes.com created a list that explains why there is a lot of evidence to support that oil prices will lower in the next couple of years.  Citing the shale oil boom as one of the ...

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Shale industry fracturing under debt burden

By John Deede | Google+ Many areas surrounding the shale oil deposits have seen the financial benefits of drilling in the past decade. Many of the companies doing the drilling, however, do not seem to be the beneficiaries of the windfall of money, with many of them highly leveraged with debt. As Asjylyn Loder of Bloomerg reports: Shale debt has almost doubled ...

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Chevron’s profit drops on lower production, crude prices

chevron

(Reuters) – Chevron Corp, the second-largest U.S. oil producer, posted a lower-than-expected quarterly profit on Friday on lower global production and crude oil prices. The company posted net income of $4.51 billion, or $2.36 per share, compared with $6.18 billion, or $3.18 per share, in the year-ago quarter. Analysts, though, expected earnings of $2.51 per share, according to Thomson Reuters ...

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