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• Israel Calls On Turkey To End ISIS Oil Trade

  Published 29 January 2016 | viewed 6,134 times

  Back in November, before the flames were even extinguished on the Su-24 Ankara shot down near the Syrian border, Vladimir Putin made a startling assertion.…

• Alberta Hit Hard By Oil Crash As Unemployment Skyrockets

  Published 28 January 2016 | viewed 10,834 times

  Times are tough in Alberta and to be sure, we’ve piled it on heavy when it comes to cataloguing the long list of pitiable outcomes…

• Despite Rumors There Is No Indication The Saudis Will Budge

  Published 26 January 2016 | viewed 6,517 times

  The reason why oil has stormed higher from down over 3 percent to up well over $30 in the span of hours (and dragging futures…

• Bearish Bets Hit Record As Investors Believe In A Sub $25 Oil Bottom

  Published 25 January 2016 | viewed 5,001 times

  Having briefly reached bull market status (ripping 20 percent off last week's lows), WTI crude oil is collapsing again this morning as the reality of…

• Imminent Energy Defaults Will Impact These Banks

  Published 21 January 2016 | viewed 9,227 times

  As we showed previously, when it comes to banks' exposure to energy, things have gotten beyond nebulous, especially in the aftermath of the (officially denied,…

• Iran To Drive Oil Prices Lower Still

  Published 19 January 2016 | viewed 4,922 times

  On Monday, we noted with some incredulity that North Dakota Sour - a high-sulfur grade of crude - was briefly going for -$0.50 at the…

• Middle-East Markets See Extremely Bad Start Of The Year

  Published 17 January 2016 | viewed 6,837 times

  Broad Middle-East and African stock markets crashed over 5%, erasing any gains back to November 2008 as the carnage from last week continues. From Kuwait…

• Here's The Real Reason High Yield Energy Credit Risk Collapsed This Morning

  Published 12 January 2016 | viewed 4,313 times

  A few market participants have noticed that the U.S. High Yield Energy sector's credit risk collapsed 170bps this morning according to Bloomberg's data. This is…

• These Shale Drillers Could Soon Default As Credit Options Run Out

  Published 06 January 2016 | viewed 13,554 times

  Everyone knows that at $35/barrel oil, virtually every U.S. shale company is cash flow negative and is therefore burning through cash and other forms of…

• Saudis Increase Oil Discount To Keep Iran From Taking European Markets

  Published 05 January 2016 | viewed 6,692 times

  "The Saudis are preparing for Iran’s return," said Mohamed Sadegh Memarian, who recently retired as the head of petroleum market analysis at Iran’s oil ministry,…

• Oil Tanks As Saudis Seem Content With Policy

  Published 30 December 2015 | viewed 6,024 times

  On Tuesday, we took a close look at the forecast for the Russian economy given various assumptions about the price of oil in 2016. While…

• Saudis Weathering Low Oil Prices Better Than Expected

  Published 29 December 2015 | viewed 6,240 times

  We’ve spent quite a bit of time this year documenting Saudi Arabia’s fiscal bloodbath. In the wake of the kingdom’s move to deliberately suppress crude…

• Natural Gas Sees Massive Rally As Temperatures Plunge

  Published 29 December 2015 | viewed 5,235 times

  Having collapsed to record lows last week, NatGas futures have soared almost 40% as record warm temperatures in the Northeast (and a record glut) have…

• Oil Bankruptcies Mark Devastating End Of The Year For U.S. Drillers

  Published 28 December 2015 | viewed 19,935 times

  “Two things become clear in an analysis of the financial health of U.S. hydrocarbon production: 1) the sector is not at all homogenous, exhibiting a…

• More ISIS Oil Evidence Against Erdogan

  Published 04 December 2015 | viewed 7,523 times

  On Thursday, Turkish PM Ahmet Davutoglu said the following about Russia’s allegations that Turkey and more specifically, President Recep Tayyip Erdogan and his family, are…

• Saudi Cash Crisis Intensifies As Interbank Rates Soar

  Published 30 November 2015 | viewed 16,330 times

  If you frequent these pages, you’re probably well aware that the Saudis are in trouble.Exactly a year ago, Riyadh decided to embark on an epic…

• Strained Turkey-Russian Relationship Impacts Both Countries Negatively

  Published 24 November 2015 | viewed 6,542 times

  Some have suggested Vladimir Putin's first retaliation for the Turkish shooting down of a Russian fighter jet would be to cut off gas supplies. With…

• The Black Market For Black Gold In The U.S. Is Booming

  Published 17 November 2015 | viewed 9,098 times

  The lull in drilling has given oil companies more time to scrutinize their operations -- and their losses. As Bloomberg reports, during booms "they are…

• Will Oil Prices Sink Back To $30? OPEC Adds To Bearish Sentiment

  Published 12 November 2015 | viewed 7,296 times

  Just when you thought it couldn't get any worse - amid supply gluts, production surges, market share scrambles, and demand disappointment - it does. OPEC…

• 2-Mile Long Stretch Of Iraqi Oil Tankers Bound For U.S. Shores

  Published 11 November 2015 | viewed 18,703 times

  After some initial excitement, November has seen crude oil prices collapse back towards cycle lows amid demand doubts (e.g. slumping China oil imports, overflowing Chinese…