Oil

Oil is a viscous chemical hydrocarbon that is liquid at normal temperatures. Oil is used as a fuel and lubricant. It is refined to become gasoline, diesel, and jet fuel. Low oil prices are typically associated with the prevalence of economic globalization.


Saudi Arabia announced that it intends to wean itself off oil by selling a sliver of Saudi Arabian Oil Company (Aramco) and transforming the world’s largest company into an industrial conglomerate/juggernaut. But will investors even want to invest in a…

You would not know it from the mainstream media rhetoric, but the White House and the Kremlin agree that the collapse of the Syrian Arab Republic (al-Assad’s government) would plunge the whole region, including Israel, into chaos. And it’s the…

As we suggested a few weeks ago, an international agreement over Syria would help boost oil prices. This is an early effect of the agreement that U.S. Secretary of State John Kerry, his Russian counterpart Sergei Lavrov, and representatives from…

Iran no longer has sanctions restraining its oil production and it is free to do business with Western countries. Iran also has the freedom to impose its conditions. Given that Europe has become its biggest trading partner, it comes as…

Get Ready for $50 Oil Prices: Analyst Could the slump in oil prices finally be over? The answer is yes, if you ask analysts at major financial institutions. In fact, they are saying oil prices could surge 50% by the…

U.S. stocks swung between gains and losses in afternoon trading on Thursday, as investors tracked oil prices while weighing poor corporate earnings and weak economic data ahead of a key employment report due on Friday. At 2:43 p.m. in New…

We’re getting close and closer to a bottom in oil prices. The price of crude oil is in a free-fall, trading at just over $33.00 per barrel during the last week of January. Most analysts have given up, calling for…

Has the Price of Oil Reached the Bottom of the Barrel Yet? Analysts’ opinions have not been unanimous on the matter, but the evidence suggests that oil prices will get lower before they reverse the bearish trend, according to the…

Oil Price Forecast: WTI Could Fall to $20 Global oil prices continue to defy all rationalization, as predictions fall flat on their face and both West Texas Intermediate (WTI) and Brent are displaying extreme volatility. Crude oil is now at…