She's got the whole world in her hands, she's got the whole wide world in her hand, she's got the whole world in her hand... Fed Chair Janet Yellen and her band of merry men punted on raising interest rates mainly on concerns of low inflation and concerns about the global economic world.
Canadian natural gas prices have held up so well that the majors are taking strategic positions to prepare for an eventual demand spike. But the paydays could be delayed depending on the outcome of the Canadian federal election on Oct. 19.
Since July, every time crude oil gets a bid there is some news to squash the rally. This time the People's Bank of China, in a surprise move, devalued its currency causing its biggest one day sell-off in almost 20 years.
We’re just past the halfway mark of the week and the year. Many will argue that the $50 per barrel level is the halfway point between the range that WTI belongs ($45 - $55). We’re at the halfway point for the hedges that most oil producers had on for 2015.
In this interview with The Energy Report, Angelos Damaskos explains why oil prices could reach $75 per barrel in the near future, and why companies making good money now will make much more on the upswing, with great benefits to shareholders.
Outside of individual's holding crude oil stocks, damage to the economy from the fall in oil has been pretty minimal so far. Indeed, the price cut in home heating oil and gasoline has probably outweighed the damage from lower oil prices, so far. Unfortunately, this situation may not last.
The U.S. Supreme Court on Tuesday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.