Category oil

“The Saudis Are Sending The U.S. A 50M Barrel Oil Bomb;” Saudi Arabia And Russia Want To Kill The U.S. Shale Industry And Rob The U.S. Of Its Energy Independence – “Saudi Arabia Has Gone Nuclear”

Hayman Capital Management, Kyle Bass Warns “The Saudis Are Sending The U.S. A 50M Barrel Oil Bomb;” Saudi Arabia And Russia Want To Kill The U.S. Shale Industry And Rob The U.S. Of Its Energy Independence – “Saudi Arabia Has Gone Nuclear”   https://fortunascorner.com      Many ot the top oil analysts think that the […]

After Yesterday’s Collapse — What’s Next In Store For Crude? Mizhou Oil & Gas Analyst Paul Sankey Thinks Oil May Be Heading To -$100 Next Month/May

After Yesterday’s Collapse — What’s Next In Store For Crude? Mizhou Oil & Gas Analyst Paul Sankey Thinks Oil May Be Heading To -$100 Next Month/May   https://fortunascorner.com      Paul Sankey, Chief Oil & Gas Analyst with the financial investment firm, Mizho Securities was interviewed on CNBC this afternoon to get his thoughts on where […]

Oil Shock And Awe; Magnitude Of Selloff/Price Is Breathtaking As Oil Sinks 111 Percent Today — To Just a Negative $1.43 Barrell Level; It’s Lowest Level Ever; May Oil Futures Contracts Are -$8.61 Per Barrel; Massive Oil Well Shutdowns Likely For Gulf Of Mexico And West Texas Coast

WTI Closed today, down 292.67 percent, to -$35.20   A hedge-fund must have imploded.  Oil Shock And Awe; Magnitude Of Selloff/Price Is Breathtaking As Oil Sinks 111 Percent Today — To Just a Negative $1.43 Barrell Level; It’s Lowest Level Ever; May Oil Futures Contracts Are -$8.61 Per Barrel; Massive Oil Well Shutdowns Likely For Gulf […]

Why Oil Could Fall To $20; And Why Saudi Arabia Will Emerge On Top

Why Oil Could Fall To $20; And Why Saudi Arabia Will Emerge On Top   https://fortunascorner.com      Avi Salzman posted a March 17, 2020 article to the financial news website, Barron’s, with the title above. Brent crude, as I write this note is trading below $30, at $29.14. And, with neither Saudi Arabia nor Russia likely […]

Can Russia Use Saudi Price War To Strike A Fatal Blow To U.S. Shale?

Can Russia Use Saudi Price War To Strike A Fatal Blow To U.S. Shale?   https://fortunascorner.com      Henry Foy and Derek Brower posted a March 9, 2020 article to the Financial Times (FT) with the title above. They write that “Igor Sechin, the most powerful man in Russia’s oil industry, and one of Vladimir Putin’s closest […]

Daniel Yergin, Vice Chair Of IHS Markit Adn Author Of Several Books, Including The Pulitzer Prize For “The Prize: The Epic Quest For Oil, Money, And Power,”Was Interviewed On CNBC To Get His Thoughts/Observations On The Selloff In Oil And Saudi Arabia’s Decision To Increase Production

Daniel Yergin, Vice Chair Of IHS Markit Adn Author Of Several Books, Including The Pulitzer Prize For “The Prize: The Epic Quest For Oil, Money, And Power,”Was Interviewed On CNBC To Get His Thoughts/Observations On The Selloff In Oil And Saudi Arabia’s Decision To Increase Production   https://fortunascorner.com      When asked “When will the […]

Shock And Awe As Oil Prices Crater; U.S. Stock Futures Deeply In The Red; Traders Now Pricing In A U.S Recession

Shock And Awe As Oil Prices Crater; U.S. Stock Futures Deeply In The Red And At Limit Lows; Traders Now Pricing In A U.S Recession https://fortunascorner.com      It is early, 0450 am EDT on Monday, so a lot can change; but, it appears likely we’re in for perhaps the worst sellloff that we have […]

Oil Logs Its Worst Week Since 2008 Financial Crisis; OPEC To Meet To Discuss Production Cuts; If Oil Drops Into The $40s, The U.S. Fracking Industry Will Be In Trouble

Oil Logs Its Worst Week Since 2008 Financial Crisis; OPEC To Meet To Discuss Production Cuts; If Oil Drops Into The $40s, The U.S. Fracking Industry Will Be In Trouble   http://www.frotunascorner.com      David Hodari writes in this weekend’s/Feb. 29/Mar. 1 Investor’s Business Daily (IBD) that “U.S. oil prices had their worst week since 2008, when the global […]

The Coronavirus Outbreak Is Beginning To Negatively Impact China’s Economy; U.S. Stocks Likely To Continue Friday’s Selloff At Monday’s Open

The Coronavirus Outbreak Is Beginning To Negatively Impact China’s Economy; U.S. Stocks Likely To Continue Friday’s Selloff At Monday’s Open https://fortunascorner.com      That headline isn’t surprising as there is a lot of hype and hysteria with respect to the coronavirus. Despite the headlines, the mortality rate is still not much different from a typical […]

Iranian-Backed Rebels Claim Responsibility For Drone Strikes On Saudi Arabia’s Largest Oil Processing Facility & Oil Field

See the link in blue below for more info. RCP, fortunascorner.com Drone strikes target world’s largest oil processing facility, Saudi oil field; attack claimed by Iranian-backed rebels Drone strikes target world’s largest oil processing facility, Saudi oil field; attack claimed by Iranian-backed rebels The world’s largest oil processing facility and a nearby oil field in […]