Monday, January 18, 2016
If you gone to fill up your gas tank recently, you’ve surely noticed that gas prices are continuing to drop. This decline is tied to the dropping cost of oil, which has, in turn, started to put a serious strain on the oil industry. Market conditions have declined...
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Wednesday, January 13, 2016
It’s no secret that recently gas prices have taken a tumble. Now no one is complaining about having to pay less at the pump, but if you are wondering why prices are as low as they are, it’s because we’re experiencing a surplus that is causing quite a...
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Tuesday, December 15, 2015
As we all know when it comes to the oil market, things change quite frequently. One week filling up your gas tank can cost $4 per gallon, while it can be less than $2 for a gallon just a few months later. These fluctuations have not been good...
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Saturday, October 24, 2015
OPEC has much less to do with the oil market than most might realize. OPEC's problem is it let prices stay as high as they did for so long. This allowed new competition to the market from outside its cartel, namely from US oil and newly-tapped fracking reserves....
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Thursday, October 15, 2015
A market component driving down oil prices may surprise many privy to the market. An inordinate number of oil producing countries aren’t responding to the market climate and continuing production as normal. This despite the plummeting price of the resource thanks to a supply outstripping demand throughout 2015....
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Monday, October 12, 2015
Tough times continue in the oil market. With prices having dropped once again to below $47 per barrel, after briefly jumping 3% as a conclusive overreaction, estimates show price per barrel to dip well into the thirties, even. Though there was a surge in prices in the early...
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Monday, October 05, 2015
In the latest sentiment crude will plummet by over 100% from its current figure to below $20 per barrel, investors continued to sell of their shares in the commodity. In another blow to the already crippled market, producers are being advised to cut output for lack of any...
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Sunday, October 04, 2015
Oil prices have wreaked havoc on the market over the past year. Most people have pointed to OPEC as the reason prices have plunged and thousands of U.S. oil workers are out of work. But is OPEC really to blame for the drop in oil prices? OPEC is...
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Sunday, October 04, 2015
Vladimir Putin’s order to begin bombing targets in Syria this week has reminded the world not much has changed in Moscow. But on the same token, it has leaders wondering exactly what Russia’s ultimate strategic goal is with the aggression in Syria. Aside from propping up Bashar al-Assad’s...
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Monday, September 21, 2015
The oil market is continuing to struggle with no end in sight. With the price per barrel having dropped under $50 by nearly $10 since the end of the summer driving season—pre-Labor Day—the market keeps getting hit. And with factors at play continuing to diminish market returns, there...
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