Tagged: oil

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Is oil on the verge of a big decline?

From Justin Brill, Editor, Stansberry Digest: On Monday, oil cartel OPEC was in the headlines again after reporting it had slashed its production by nearly 900,000 barrels per day (“bpd”) last month. As the...

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A Bloodbath Looms Over Oil Markets

By Nick Cunningham Oil prices have traded reliably in the $50s per barrel since OPEC agreed to cut production last November, but having failed to break through a ceiling in the upper-$50s, crude prices...

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New Oil Inventory Record Tomorrow

We check out the API Report leading into the EIA Oil Report Tomorrow, and it appears we will set a new Oil Inventory Record Tomorrow Morning.

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Iran Found 30 Billion Barrels of Oil: Official

Iran has discovered about a dozen new oil fields with in-place reserves of 30 billion barrels, head of exploration at National Iranian Oil Company (NIOC) says. Some 4.7 billion barrels of these reserves are...