World's Largest Energy Trader Sees a Decade of Low Oil Prices
Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house.
February 8, 2016Republicans Unlikely to Back $10-Per-Barrel Oil Tax, Transportation Budget Expert Says
A proposal by the Obama administration to get oil companies to pay a $10-per-barrel fee on oil is unlikely to get Republican support in Congress, transportation budget expert Jack Basso told Transport Topics.
Obama to Request $10-Per-Barrel Oil Tax for Transportation Needs
President Barack Obama will propose a $10-per-barrel tax on oil in his fiscal 2017 budget to finance self-driving cars, public transit, railroads and other transportation improvements, the White House said.
Oil Prices Could Jump 50% by the End of 2016, Industry Analysts Say
Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.
Rolling With the Changes, North Dakota Trucking Companies Affected by Falling Oil Prices
Mike Bertelsen, the Dickinson, North Dakota, terminal superintendent of regional Black Hills Trucking, said his branch of the company has felt the winds of change like many others in the region.
Oil Resumes Decline as US Stockpile Surge Worsens Global Glut
Oil resumed its decline after U.S. industry data showed crude stockpiles increased, exacerbating a global glut.
Brent Crude Oil Dips Below $30 a Barrel for First Time Since 2004
Brent oil dropped below $30 a barrel for the first time since April 2004 on speculation Iranian shipments will soon climb.
January 14, 2016Oil Trades Near 12-Year Low as US Surplus Seen Worsening
Oil rose from the lowest close in more than 12 years in New York as volatility climbed amid speculation that prices have fallen too fast.
Oil Seen Heading to $20 on Dollar Strength, Morgan Stanley Analysts Say
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.
Oil Near 12-Year Low as China Volatility Stays in Focus
Oil traded near a 12-year low Jan. 8 as investors focused on volatility in Chinese markets after the country sought to quell losses in equities and stabilize its currency.