Archivi tag: oil

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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OPEC Maintains Lower Demand Forecast; Oil Futures Dive

Originally posted on 24/7 Wall St.:
The Organization of Petroleum Exporting Countries (OPEC) released its May Oil Market Report this morning. The cartel did not materially change its forecast for global demand growth of 800,000 barrels a day to a total…

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New Energy Forecasts Good for Consumers, Not So Good for Producers

Originally posted on 24/7 Wall St.:
The U.S. Energy Information Administration (EIA) today released the latest version of its Short-Term Energy Outlook, and the agency made some changes to its previous forecasts. The EIA now expects WTI spot prices to average…

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