Archivi tag: oil price

Fracking Gets Nod from Bureau of Land Management

Originally posted on 24/7 Wall St.:
The Department of the Interior’s Bureau of Land Management (BLM) may have dated regulations for hydraulic fracturing, or fracking, on public and Indian lands. That will, for the time being, keep the relatively new way…

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Falling Oil Prices Lead to Lower Gasoline Prices

Originally posted on 24/7 Wall St.:
One of the ironies of the current economic situation is that slow economies around the world have pushed the price of oil lower, and consequently with it, the future price of gasoline. The bad news…

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IEA: U.S. Will Lead Oil Supply Recovery

Originally posted on 24/7 Wall St.:
The world’s reliance on oil supply from OPEC and other large producing nations from Russia to several in Africa will end soon, as they are supplemented by U.S. output. That, in turn, means oil demand…

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Crude Oil Futures Heading Lower on Rise in OPEC Output

Originally posted on 24/7 Wall St.:
The Organization of Petroleum Exporting Countries (OPEC) produced 30.46 million barrels of crude every day last month, well above its agreed quota of 30 million barrels a day. The message: supply is available and even…

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