Wednesday, August 12, 2015

Crude Oil as at August 12, 2015


Appears that Oil From Alberta is not selling well.


Although the Conservative government has had dreams of a Petrostate, it almost appears as if their dreams may be a hallucination.

With the price of Tarsands Dirty Crude approaching $20 per barrel there will soon be no profit remaining.

Here are some comments about the oil markets from earlier today.

Crude Oil Price Slips as Inventory Dips Less than Expected - 24/7 Wall St.
http://news.google.com Wed, 12 Aug 2015 15:51:20 GMT
24/7 Wall St.Crude Oil Price Slips as Inventory Dips Less than Expected24/7 Wall St.The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 1.7 mil ...
Read more ...
3 charts that show it's possible crude oil will fall below $40 - Business Insider
http://news.google.com Wed, 12 Aug 2015 12:48:15 GMT
Business Insider3 charts that show it's possible crude oil will fall below $40Business InsiderWhen I look at a chart of any market, I have to assume prices can go there. Also, I have to think what type of knock on effects it may have on other asset c ...
Read more ...
Refinery issue hikes local gas prices as price of crude oil plummets - Dayton Daily News
http://news.google.com Tue, 11 Aug 2015 16:02:45 GMT
MLive.comRefinery issue hikes local gas prices as price of crude oil plummetsDayton Daily NewsEven though the price of crude oil is dropping rapidly, gas prices in the area are increasing and may continue to escalate throughout the week due to an “un ...
Read more ...
Canadian oil sands crude halves in price - Financial Times
http://news.google.com Wed, 12 Aug 2015 08:47:54 GMT
Financial TimesCanadian oil sands crude halves in priceFinancial TimesOil from Canada's tar sands has skidded towards $20 a barrel, a level not seen for international crude prices in 12 years, tightening the screws on energy companies and the economy ...
Read more ...














No comments:

Post a Comment