Page 1259 of 1280 FirstFirst ... 259759115912091249125712581259126012611269 ... LastLast
Results 15,097 to 15,108 of 15360

Thread: Oil Slick Stuff

  1. #15097

    Join Date
    Apr 2005
    Posts
    14,684
    Blog Entries
    13

    Default Re: Oil Slick Stuff

    COMMENTARY
    Putin just sparked an oil price war with Saudi Arabia — and US energy companies may be the victims
    PUBLISHED SUN, MAR 8 20206:34 PM EDT
    Brian Sullivan
    @SULLYCNBC
    KEY POINTS
    Russia rejected a proposal by OPEC to cut 1.5 million barrels per day of production.
    In response, Saudi Arabia not only cut its forward crude price to Chinese customers by as much as $6 or $7 per barrel, but is also reportedly looking to raise its daily crude output by as many as 2 million barrels.
    The move by the Saudis is both a market share grab and a loud signal to Moscow that it’s done playing games.
    American oil and gas workers and investors are caught in the middle of this epic ego battle.


    Vladimir Putin just sparked what could end up being one of the ugliest oil price wars in modern history, and American oil and gas companies may be the victims.

    This weekend Saudi Arabia dropped the oil bomb. It not only cut its forward crude price to Chinese customers by as much as $6 or $7 per barrel, but is also reportedly looking to raise its daily crude output by as many as 2 million barrels per day into an already oversupplied global market. Look out below.

    More:

    https://www.cnbc.com/2020/03/08/puti...e-victims.html


    Sent from my iPhone using TSP Talk Forums

  2.  
  3. #15098

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,148

    Default Re: Oil Slick Stuff

    Oil price war definitely not good for global economy.

    Gas here between $1.96 and $2.69. There is a Speedway down the street from us and gas Saturday morning was $2.15 by lunch it was $2.13 and mid-afternoon it was $2.10. I can't remember when I watched the price of gas drop like that in a day. I've seen it jump up double digits in a day but not down.
    May the force be with us.

  4.  
  5. #15099

    Default Re: Oil Slick Stuff

    $1.96? Wow. I wonder if $1 gas is in our future again (next month?)
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  6.  
  7. #15100

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,383

    Default Re: Oil Slick Stuff

    E10 averaging $2.01 a gallon in BPGA!



  8.  
  9. #15101

    Default Re: Oil Slick Stuff

    Oil is $6 off the morning lows (+22%). Yet still down 18%. Crazy movement.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  10.  
  11. #15102

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,383

    Default Re: Oil Slick Stuff

    Crude Oil Futures QuotesGlobex


    Month Options Charts Last Change Prior Settle Open High Low Volume Hi / Low Limit Updated
    APR 2020 APR 2020 Show Price Chart 33.95 -7.33 41.28 32.29 34.88 27.34 1,241,719 No Limit / 0.01 10:55:21 CT
    09 Mar 2020

    https://www.cmegroup.com/trading/ene...es_globex.html




  12.  
  13. #15103

    Join Date
    May 2011
    Location
    Florida
    Posts
    1,840
    Blog Entries
    6

    Default Re: Oil Slick Stuff

    Quote Originally Posted by nasa1974 View Post
    Oil price war definitely not good for global economy.
    Why do you say that? Oil price war = better gas prices for consumers, to include all the transports. Cheaper import/export/travel costs. Maybe the benefit there is not big enough to offset the decline to the oil industry?

  14.  
  15. #15104

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,383

    Default Re: Oil Slick Stuff

    Quote Originally Posted by bmneveu View Post
    Why do you say that? Oil price war = better gas prices for consumers, to include all the transports. Cheaper import/export/travel costs. Maybe the benefit there is not big enough to offset the decline to the oil industry?
    I agree with that!!



  16.  
  17. #15105

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,383

    Default Re: Oil Slick Stuff




  18.  
  19. #15106

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,148

    Default Re: Oil Slick Stuff

    I really don't know what the numbers are but just for posting sake and a little venting. Boo! Hoo! Instead of $40 million profit you are going to make $20 million profit. Big deal.
    May the force be with us.

  20.  
  21. #15107

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,383

    Default Re: Oil Slick Stuff

    Futures Movers

    U.S. oil plunges below $30 a barrel as emergency Fed moves fails to reassure traders on economy

    Published: March 16, 2020 at 8:39 a.m. ET

    Crude prices tumbled on Monday, in step with cratering global equities after an emergency Federal Reserve interest rate cut did nothing to stem the panic among investors triggered by the rapidly spreading coronavirus.
    West Texas Intermediate crude for April delivery CL.1, -9.045% on the New York Mercantile Exchange fell $2.34, or 7.2%, to $29.39 a barrel. May Brent crude BRN00, -11.344% dropped $3.16, or more than 9%, to $30.69 a barrel on ICE Futures Europe.
    Oil cratered last week after Russia and Saudi Arabia began a global crude price war following the breakdown of talks on production cuts.[more]

    https://www.marketwatch.com/story/oi...?mod=home-page



  22.  
  23. #15108

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,383

    Default Re: Oil Slick Stuff

    Gas Prices Could Hit 99 Cents In Some States Due To Coronavirus, Expert Says


    While everything looks bad right now amid the panic over the spread of the coronavirus, there’s at least one bright spot: gas prices.
    The price per gallon has been dropping quickly over the past few weeks, but they could go much lower, according to GasBuddy.com.
    The average price across the nation, according to the gas site, is $2.19. But Gas Buddy analyst Patrick De Haan on Monday told Fox News that the national average could soon plunge to $1.99, “with $1.49 on the horizon and some stations potentially pricing a gallon of regular as low as 99 cents.”
    Five states — Iowa, Arkansas, Kansas, Louisiana and Tennessee — have already dropped below $2.
    The prices are falling in part due to a recent increase in production in Saudi Arabia and Russia. Markets worldwide have dropped partly because oil prices plunged as producers squabbled over production and supply.
    “The steep drop was triggered after Saudi Arabia announced it would raise production after OPEC’s deal with Russia to supply collapsed on Friday,” Forbes reported last week. Oil-producing countries are arguing how much to cut production to shore up up prices.[more]

    https://www.thegatewaypundit.com/202...s-expert-says/



  24.  
Page 1259 of 1280 FirstFirst ... 259759115912091249125712581259126012611269 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P500 (C Fund) (delayed)
Oil Slick Stuff
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
Oil Slick Stuff
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
Oil Slick Stuff
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
Oil Slick Stuff
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes