by Pepe Escobar The famous Hollywood adage – ‘nobody knows anything’ – seems to perfectly apply to the current turbulence in the oil market. So in an effort to clarify where the global oil economy […]
Submitted by Tyler Durden o Despite OPEC’s El-Badri proclaiming that Iran and iraq “didn’t refuse to join the production freeze,” oil prices are tumbling this morning on comments from Iran’s oil minister that OPEC’s call […]
by John Rubino It seems that at least some OPEC members are starting to panic: War of words breaks out among OPEC members (CNN Money) – Is the pain of low oil prices becoming unbearable […]
by Tyler Durden After some initial excitement, November has seen crude oil prices collapse back towards cycle lows amid demand doubts (e.g. sllumping China oil imports, overflowing Chinese oil capacity, plunging China Industrial Production) and […]
by John Rubino When oil prices fell out of bed last winter there was much hand-wringing over the fate of the former beneficiaries of high-priced crude. Trillions of dollars of junk bonds issued by frackers, […]
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