They can’t produce more. And there in one fell swoop, he gave the Saudis a free pass on the current oil price distortions and turned the Saudis from being the OPEC cabal’s malevolent gorgon into our heroic good guys, doing all they can pumping away …

Three Cheers for Oil Speculators!American ThinkerAn oil speculator is someone who believes that future oil prices will be higher than the current oil price and who tries to profit by buying oil now at a lower price, storing it, and then selling it late…

The bank specifically pointed to the fact that global oil prices are now “considerably higher” than those received by Canadian producers. The prominence of current oil price discounts in the bank’s analysis is another sign of the growing national…

Globe and MailOil industry woes weigh down Canadian economyGlobe and MailThe bank specifically pointed to the fact that global oil prices are now “considerably higher” than those received by Canadian producers. The prominence of current oil price d…

Discussions with Iran and Saudi Arabia’s view that the current oil price is too high may lead to a short-term correction in the oil price, they said. Any progress in talks with Iran and a reduction in the geopolitical risk premium in the second …

Discussions with Iran and Saudi Arabia’s view that the current oil price is too high may lead to a short-term correction in the oil price, they said. Any progress in talks with Iran and a reduction in the geopolitical risk premium in the second …

Discussions with Iran and Saudi Arabia’s view that the current oil price is too high may lead to a short-term correction in the oil price, they said. Any progress in talks with Iran and a reduction in the geopolitical risk premium in the second …

Oil prices could reach USD 150 if the political risk escalatesFocus NewsIn this situation it is normal the fuel consumption in the country to drop, he said and added that the current oil price is not the result of increased demand and consumption, but …

The UAE economy minister, Sultan bin Saeed al-Mansouri has said current oil price fluctuations may increase the costs of maritime trade in the short term, while piracy is another concern for the shipping industry, Reuters has reported. “The oil price fluctuation…

Mansouri also called for more cooperation on fighting piracy and said merchant shipping was likely to be hit by current oil price fluctuations. Many of the world’s naval forces, mostly from oil-consuming countries including China and the United …