Examples include the failed predictions of political pollsters gauging a host of critical elections around the globe, and the delusionary thinking that led to the last American economic catastrophe wreaked on the world—the 2008 mortgage crisis.Credit rating. for months on the OPEC cuts finally waved the white flag today.
Deloitte, too, got its steel forecast wrong: Instead of a bonanza for US steel, there was a plunge in demand, as the drop in oil prices prompted oil companies to cancel their projects.
OPEC | OPEC Crude Oil PriceAnd there was a surge in US oil production that reached 4.4 million barrels a day by 2015.Credit Suisse also notes that bear markets in oil prices last between 11 and 28.Platts European fuel oil price assessments cover both the high and low sulfur spheres, divided between 3.5% and 1% maximum sulfur, cargo and barge marketplaces.
Saudi Arabia’s crude oil price war | New York Post
WTI Oil Price Per Barrel - Oil Prices TodayOilPricesDaily.com. A daily recap of oil prices and the news and events that influence them.The notion sounds slightly wacky—does Saudi Arabia seriously believe the oil age is coming to an end.
Russian economy attacked through oil prices - rt.com
CHART: Gold price vs oil has never been this out of whackU.S. Energy Information Administration - EIA - Independent Statistics and Analysis.Saudi Aramco chairman Khalid al-Falih did say recently that the country intends to maintain its strategy, and keep producing oil at maximum production.In both cases, he was subject to doubt often bordering on ridicule by his peers.
At once, the US was challenging the 1971 oil production peak.
The oil price, Iran and Saudi's economy - Al Jazeera EnglishVerleger is a ribald iconoclast with an encyclopedic knowledge of industry history, and a penchant for deriding the judgment of seemingly everyone else analyzing the market.The site provides crude oil prices. track of oil prices today and understand.
Changes in non-OPEC production are driven by changes in U.S. tight oil production, which is characterized by high decline rates and relatively short investment horizons that make it among the most price-sensitive production globally.Then, unpredicted and seemingly overnight, starting in the late 2000s, the US went from natural gas shortage to an enormous, 100-year overhang of the fuel.
Drop in oil price gives Oman cause for concern | The NationalInternational International energy information, including overviews, rankings, data, and analyses.When the Texas city of Denton voted to bar fracking within municipal limits, the industry came down hard, with the help of state politicians: the Texas legislature overturned the move by barring towns from regulating oil and gas drilling.
Dubai Crude Oil Price: Updated: about 1 month ago, on 06 Feb 2017: Validate:.How oil prices got so low and why they may stay there. FORTUNE may receive compensation for some links to products and services on this website.Crude oil prices are expected to remain low as supply continues to outpace demand in 2016 and more crude oil is placed into storage.
Just how low can oil prices go and who is hardest hitNatural Gas Exploration and reserves, storage, imports and exports, production, prices, sales.
OilPricesDaily.com - A daily recap of oil prices and the
U.S. States State energy information, including overviews, rankings, data, and analyses.Environment Greenhouse gas data, voluntary report- ing, electric power plant emissions.
IEA predicts oil supply shortage and. attractive in a low oil price.Note: Confidence interval derived from futures options prices for the five trading days ending Jan. 7, 2016. Intervals not calculated for months with sparse trading in near-the-money options contracts.By Richard Anderson Business reporter, BBC News. all predicated on selling oil at a higher price than we have today.The first forecasted draw on global oil inventories is expected in the third quarter of 2017, marking the end of 14 consecutive quarters of inventory builds.Interviews with the main institutions that made the bad calls reveal no crisis of confidence, and they are busy putting out analyses of the latest developments.