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Oil Extends Drop Below $48 as U.S. Stockpiles Seen Rising

Oil Extends Drop Below $48 as U.S. Stockpiles Seen Rising | EconMatters | Scoop.it
Oil extended losses below $48 a barrel amid speculation that U.S. inventories will expand, deepening a global supply glut that’s driven prices to a five-year low.
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The Biggest Winners and Unluckiest Losers of the Oil Crash: Winner: Ship Owners

The Biggest Winners and Unluckiest Losers of the Oil Crash: Winner: Ship Owners | EconMatters | Scoop.it
Central bankers around the world are looking for rising prices as signs of economic health. With oil circling the drain, they won't get them. Source: Photograph by Ariel Jerozolimski/Bloomberg
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Verizon Has Approached AOL for Possible Takeover or Joint Venture

Verizon Has Approached AOL for Possible Takeover or Joint Venture | EconMatters | Scoop.it
Verizon Communications Inc. has approached AOL Inc. about a potential acquisition or joint venture with the Internet company to expand its mobile-video offerings, people with knowledge of the matter said.
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Oilfield Writedowns Loom as Plummeting Prices Gut Drilling Values

Oilfield Writedowns Loom as Plummeting Prices Gut Drilling Values | EconMatters | Scoop.it
Tumbling crude prices will trigger a flood of oilfield writedowns starting this month after industry returns slumped to a 16-year low, calling into question half a decade of exploration.
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Draghi Prepares to Act Against Risk of Deflation

Draghi Prepares to Act Against Risk of Deflation | EconMatters | Scoop.it
Mario Draghi gave his strongest signal yet that the European Central Bank is likely to start large-scale government-bond purchases by saying he can’t rule out deflation in the euro area.
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Uncertain global economics prompt Excelerate to shelve US LNG export plan - Natural Gas | Platts News Article & Story

Uncertain global economics prompt Excelerate to shelve US LNG export plan - Read this Platts natural gas news article here. Plus discover more natural gas market news, products & services.
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Ten warning signs of a market crash in 2015 - Telegraph

Ten warning signs of a market crash in 2015 - Telegraph | EconMatters | Scoop.it
Stock markets opened lower on the first day of trading of 2015, and the credit markets that forewarned the 2007 crash are showing signs of strain
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Oil Falls to 5 1/2-Year Low as Russia, Iraq Boost Output

Oil Falls to 5 1/2-Year Low as Russia, Iraq Boost Output | EconMatters | Scoop.it
Oil dropped to the lowest in more than five and a half years amid growing supply from Russia and Iraq and signs of manufacturing weakness in Europe and China.
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Sub-$55 Oil Has U.S. Drillers Idling Most Rigs in 2 Years

Sub-$55 Oil Has U.S. Drillers Idling Most Rigs in 2 Years | EconMatters | Scoop.it
U.S. oil drillers idled the most rigs since 2012 as prices slide below $55 a barrel to the lowest level in five years and a fight for market share with OPEC intensifies.
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Iraq Cabinet Approves Lower Spending Plan on Oil’s Drop

Iraq Cabinet Approves Lower Spending Plan on Oil’s Drop | EconMatters | Scoop.it
Iraq’s cabinet approved a smaller 2015 spending plan than the government expected because of the collapse in oil, which provides most government revenue.
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The reason oil could drop as low as $20 per barrel

The reason oil could drop as low as $20 per barrel | EconMatters | Scoop.it
The key question is whether the present price of around $55 will prove closer to the floor or the ceiling of this new range.
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China Offers Russia Help With Currency Swap Suggestion

China Offers Russia Help With Currency Swap Suggestion | EconMatters | Scoop.it
Two Chinese ministers offered support for Russia as President Vladimir Putin seeks to shore up the ruble without depleting foreign-exchange reserves.
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Bill Gross Says the Good Times Are Over

Bill Gross Says the Good Times Are Over | EconMatters | Scoop.it
Bill Gross, the former manager of the world’s largest bond fund, said prices for many assets will fall this year as record-low interest rates fail to restore sufficient economic growth.
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Russia Showing Off Military Hardware in AirAsia Search

Russia Showing Off Military Hardware in AirAsia Search | EconMatters | Scoop.it
Among the countries scouring the Java Sea off Indonesia for the wreckage of the AirAsia Bhd. jetliner that crashed 10 days ago, one name stands out: Russia.
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Biggest Oil-Rig Drop Since 2009 Spells Tough Year Ahead

Biggest Oil-Rig Drop Since 2009 Spells Tough Year Ahead | EconMatters | Scoop.it
U.S. oil drillers laid down the most rigs in the fourth quarter since 2009. And things are about to get much worse.
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Crude settles at $50.04, lowest since April 2009

Crude settles at $50.04, lowest since April 2009 | EconMatters | Scoop.it
U.S. crude and Brent futures dropped to fresh 5½-year lows on Monday as worries remain about a surplus of global supplies amid weak demand.
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Arrest Warrant For Ex-Korean Air Exec In Nut Rage

Arrest Warrant For Ex-Korean Air Exec In Nut Rage | EconMatters | Scoop.it
SEOUL, South Korea (AP) — A South Korean court on Tuesday approved the arrest of a former Korean Air Lines Co. executive who delayed a flight over a bag of macadamia nuts.

Cho Hyun-ah, the daughter of the airline's chairman, has faced mounti...
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Natural Gas Extends Rally From 27-Month Low on Cold Blast

Natural Gas Extends Rally From 27-Month Low on Cold Blast | EconMatters | Scoop.it
Natural gas futures jumped for a second day in New York, extending a rally from a 27-month low, as forecasts for an arctic blast made the fuel today’s biggest commodity gainer.
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Oil falls again as Wall Street eyes 'trouble ahead'

Oil falls again as Wall Street eyes 'trouble ahead' | EconMatters | Scoop.it
The price of oil started the first full week of 2015 the way it ended the previous year: heading downwards.
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Oil Glut Seen Setting Sail as Contango Widens: Chart of the Day

Oil Glut Seen Setting Sail as Contango Widens: Chart of the Day | EconMatters | Scoop.it
Get ready for the revival of an oil trade that became a hallmark of the 2008-09 global recession: tankers storing millions of barrels of crude off the coasts of Singapore, eastern England and in the Gulf of Mexico.
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The Cartel: How BP Got Insider Tips Through a Secret Chat Room

The Cartel: How BP Got Insider Tips Through a Secret Chat Room | EconMatters | Scoop.it
Halfway down a muddy, secluded road on marshland in suburban Essex sits Wharf Pool, a lake stocked with some of the biggest freshwater fish you will ever see.
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CHINA'S NOV RUSSIAN CRUDE IMPORTS HIT RECORD HIGH - Oil | Platts News Article & Story

CHINA'S NOV RUSSIAN CRUDE IMPORTS HIT RECORD HIGH - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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China quietly joins Asia's currency wars to avert deflation - Telegraph

China quietly joins Asia's currency wars to avert deflation - Telegraph | EconMatters | Scoop.it
China is exposed like a sore thumb as countries devalue on all sides, from Russia, to Japan, Indonesia and Malaysia
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Ready for $20 Oil?

Ready for $20 Oil? | EconMatters | Scoop.it
The game of chicken between OPEC and other oil producers is just beginning, and it could drive oil prices as low as $20 a barrel.
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