$USO, $OIL FLASH: This is the Era of US Crude Oil What started as an American phenomenon is now being felt around the world as US Oil exports rise to marks not thought possible a few years ago. The flow of Crude Oil will keep growing over the next few years with major consequences for […]
More Flooding Ahead for Texas, Losses Mounting $USO, $UNG, $UGA The flood waters deepen in Houston, the Hub of the US Crude Oil industry. As floods inundated the nation’s 4th-largest city Monday, with an estimated 20 ins of rain still to come, predictions of damage ranged as high as $100-B. Wall Street and Washington braced […]
Crude Oil Prices Dive on Global Supply Glut $OIL, $USO, $BHI World Crude Oil prices suffered big losses Monday, with the WTI Crude Oil marking below 40 bbl for the 1st time since April, as a survey showed that output in the Organization of the Petroleum Exporting Countries (OPEC) reached record highs last month. Production […]
China’s Private Oil Refiners Buying Record Amounts of Crude $OIL Private Crude Oil refineries in Shandong Province on east China’s seaboard brought in 8.36% of all the Crude Oil imported to China in 1-H of Y 2016, as they capitalized on the government’s decision to give them Green Light to import Black Gold. These refineries […]