Crude oil collapses to a stunning new low – Business Insider


Business Insider
Crude oil collapses to a stunning new low
Business Insider
WTI prices are down about 60% against a year ago, and after finding some stability earlier this year, oil prices have been rolling over again. Crude oil has been getting hammered along with the entire commodity complex, but crude is also battling
Oil prices below $39 for first time since 2009CNNMoney
Plunging oil prices may have people dancing on OPEC’s grave, but geopolitical Quartz
Oil Plunges to Fresh Six-Year LowsWall Street Journal
USA TODAY –Money Morning
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Why Saudi Arabia Won't Cut Oil Production – OilPrice.com


BBC News
Why Saudi Arabia Won’t Cut Oil Production
OilPrice.com
At first blush, the collapse of oil prices and the resiliency of U.S. shale appears to hand OPEC, and its most powerful member in Saudi Arabia, a stinging defeat. U.S. oil production has leveled off but has not dramatically declined. Meanwhile, oil
China’s slowdown and cheap oilBBC News
Opec Needs Help From Rivals to Halt Oil Price Fall, Says Former HeadThe New Indian Express
Iran: Emergency OPEC Meeting May Be “Effective” for Oil Price StabilityJunior College
Investing.com –City A.M.
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Why Today's Oil Bust Is Not Like The 1980s – OilPrice.com


Financial Times
Why Today’s Oil Bust Is Not Like The 1980s
OilPrice.com
Back in February 2015, Bob Dudley, BP’s CEO, said in a Bloomberg TV interview that the fundamental supply and demand picture reminded him of 1986, and he feared we could go into a period of lower oil prices perhaps staying in a range below $60/bbl for …
Oil price drop leads to renewed speculation on Saudi riyalFinancial Times
From Venezuela to Iraq to Russia, Oil Price Drops Raise Fears of UnrestNew York Times
Opec powerless to halt oil price slide, warns former group presidentTelegraph.co.uk
Wall Street Journal (blog) –U.S. News & World Report
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Oil Price Anxiety Forecast: Mild Consternation – Texas Monthly (subscription) (blog)


Texas Monthly (subscription) (blog)
Oil Price Anxiety Forecast: Mild Consternation
Texas Monthly (subscription) (blog)
Last year, readers may recall, there was a fair amount of anxiety among Texans, and a fair amount of gloomy prophesying about Texas, as a result of a plunge in oil prices that had left the price per barrel hovering around $50. The figure was
Vietnam loses $2.5 billion after oil price plummetsVietNamNet Bridge
6 important things to know about cheap oilMarketWatch

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Drones and data could dominate future oil fields – Chron.com (blog)


Chron.com (blog)
Drones and data could dominate future oil fields
Chron.com (blog)
A pump collects data about the oil it is hauling to the surface and re-configures its operations to handle the crude more efficiently. A roughneck tripped up by a repair job logs into a mobile device from the rig and downloads a training video. Drones
Tough times force companies to cut deeper, innovateHouston Chronicle (subscription)

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Oil price dips below $43 – how low can it go? – The Week UK


The Week UK
Oil price dips below $43 – how low can it go?
The Week UK
An acceleration in the recent fall in oil prices has continued, as the international benchmark dropped by more than seven per cent to settle close to $42 a barrel on Monday after a rout on global equity and commodity markets. Brent was recovering
How Much Pressure Will Iran Put On Oil Prices?OilPrice.com
Algeria Calls for Non-OPEC Output Cut to Stop Oil Price FallBloomberg

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Oil Field Workers Keep Dying, and the Feds Want to Know Why – Mother Jones


Mother Jones
Oil Field Workers Keep Dying, and the Feds Want to Know Why
Mother Jones
The oil boom in North Dakota and elsewhere has helped the US become the world’s leading energy provider and has captured the attention of Hollywood producers. It also has claimed the lives of dozens of oil field workers. Now, that fallout from the boom
Explosions put Bakken crude oil on state rail radarEagleFordTexas.com (press release)
Communities ramp up equipment, training for rail oil accidentsBakken.com (press release)

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From Venezuela to Iraq to Russia, Oil Price Drops Raise Fears of Unrest – New York Times


New York Times
From Venezuela to Iraq to Russia, Oil Price Drops Raise Fears of Unrest
New York Times
Oil, the lifeblood of many countries that produce and sell it, appears to be rapidly turning into an ever-cheaper economic curse. A year ago, the international price per barrel of oil was about $103. By Monday, the price was about $42, roughly 6
Oil Price Slump: Nearly $250B Of Industry Cost Cuts On CardsForbes
Oil Plunges to Fresh Six-Year LowsWall Street Journal
Opec powerless to halt oil price slide, warns former group presidentTelegraph.co.uk
Quartz –CNNMoney –Business Insider
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Oil Price Plunge Pushes Ruble to Seven-Month Lows – Wall Street Journal


Wall Street Journal
Oil Price Plunge Pushes Ruble to Seven-Month Lows
Wall Street Journal
MOSCOW—A plunge in prices for Russia’s main export, crude oil, sent the ruble crashing to its weakest level since January, threatening to push the country’s already-shrinking economy deeper into recession. Russia’s ruble eased as far as 71.65 to the U
Ruble follows oil price downDeutsche Welle
Russian Ruble Collapses to 7-Month Low on Weak Oil PricesABC News

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New oil price lows wallop share prices, deepen gloom in Calgary oilpatch – Calgary Herald


Calgary Herald
New oil price lows wallop share prices, deepen gloom in Calgary oilpatch
Calgary Herald
Market madness blamed on the slide of China’s main market and a continued global oversupply of oil caused violent fluctuations on stock markets and dropped the October contract price for West Texas Intermediate by $2.21 to $38.24 US per barrel, while …
Canadian oil stocks hit hard on marketsCBC.ca

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Oil Price Pressure More Financial Than Physical: Morgan Stanley – Wall Street Journal


USA TODAY
Oil Price Pressure More Financial Than Physical: Morgan Stanley
Wall Street Journal
He also says despite poor macroeconomic headlines, most Chinese oil demand datapoints remain resilient through July, with China’s crude-oil imports in July up 1.7 million barrels/day from a year earlier to 7.4 million barrels/day, near record levels
Oil prices fall below $40 a barrel for first time since 2009USA TODAY
Why $20 Oil Won’t HappenOilPrice.com
Crude oil price falls to lowest level since 2009SFGate
Irish Examiner –Financial Times –Sky News
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Dubai, Saudi markets lose 7 percent after oil price dip – U.S. News & World Report


U.S. News & World Report
Dubai, Saudi markets lose 7 percent after oil price dip
U.S. News & World Report
DUBAI, United Arab Emirates (AP) — Stock markets in Saudi Arabia and Dubai closed around 7 percent lower on Sunday on the back of a further slide in oil prices. Dubai’s main index closed 6.96 percent lower on its opening day of trading for the week.
MIDEAST STOCKS-Plunge on oil price drop, Fitch cut to Saudi outlookReuters

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Iran says an OPEC emergency meeting may stop oil price slide: Shana – Reuters


Reuters
Iran says an OPEC emergency meeting may stop oil price slide: Shana
Reuters
Algeria said earlier this month that the Organization of Petroleum Exporting Countries could hold an emergency meeting to discuss the drop in oil prices but other OPEC delegates said no meeting was planned. “Iran endorses an emergency OPEC meeting …
Iran says an OPEC emergency meeting may stop oil price slideAl-Arabiya

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Only 5 bidders, 33 bids, $22.7M in oil lease sale off Texas; low oil prices a … – Minneapolis Star Tribune


The Daily Advertiser
Only 5 bidders, 33 bids, $22.7M in oil lease sale off Texas; low oil prices a
Minneapolis Star Tribune
NEW ORLEANS — The smallest oil lease sale ever in the western Gulf of Mexico and one of the smallest in the entire Gulf brought only five bidders Wednesday, with low oil prices limiting interest in the prospects. Most seats in a Superdome meeting room …
Gulf of Mexico oil, lease sale draws little interestThe Daily Advertiser

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