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The United States Could Face A Major Oil Crisis If An Earthquake Hit Oklahoma

The United States Could Face A Major Oil Crisis If An Earthquake Hit Oklahoma
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Banks Heavily Affected By Glencore’s Severe Financial Troubles

Financial firms are extremely concerned about their heavy involvement with struggling commodity trader and mining company Glencore. Banks from across the world ...

Glencore Rebounds After A Major Slump In Share Prices

After a 29% plunge in the value of its shares on Monday, commodities trading firm Glencore has recouped most of its losses. The company, run by billionaire Ivan...

Goldman Calls For $20 A Barrel Oil Due To Weak Demand And Global Oversupply

Due to the consistent decline in oil prices week after week, Wall Street heavyweight Goldman Sachs has had to modify its price forecasts for the commodity as it...

Canada Just Cut Off Vital Water Supplies To Severely Curb Fracking

Canadian fracking firm Nexen had its water use license cancelled by the BC Environmental Appeal Board (BCEA )in a potentially precedent-setting decision. BCEA c...

Saudi Arabia Just Invaded Yemen And Oil Prices Are Spiking As A Result

Saudi Arabian ground forces have advanced into northern Yemen in a forceful assault against Houthi Shia militia and forces loyal to ousted president Ali Abdulla...

Airline Ticket Prices Are The Lowest In Years Thanks To Cheap Oil And Better Airplanes

People have wondered when the dip in oil prices would result in lower airfares and it it seems like it’s happening right now. The airfare wars are back, at le...

Oil Drops To Lowest Price Since 2009 Amid Supply Glut And Weak Global Economy

Early Monday, futures for a drum of West Texas Intermediate crude oil dropped below $39 per barrel - a level that has not been seen since 2009. On Friday, oil c...

Israel Caught Buying Over $1 Billion Of Oil From Controversial Iraqi Kurds

Three quarters of the oil purchased by Israel in recent months has come from Iraqi Kurdistan according to documents obtained by the media. The Kurds are a contr...

Russian Ruble Drops Even Further As President Putin Scrambles For Options

The Russian ruble plunged 2.3 percent on Monday due to a large drop in oil prices, the country's principal export. The ruble now sits at a seven-month low, se...

Star Oil Trader Loses Hundreds Of Million On Low Oil Prices

The hedge fund run by oil trading god Andy Hall has gotten hammered by the recent crash in oil prices. Hall’s Astenbeck Capital Management lost a stunning 17%...

Saudi Arabia Forced To Borrow Funds As Low Oil Prices Impact Economy

Saudi Arabia has opened sales of sovereign bonds for the first time in eight years in order to maintain its public spending levels as a result of low oil prices...

EU Latest To Find Fracking Should Be Banned For Causing Health, Environmental Problems

A new study has found that fracking poses “significant” risks to people’s health and the environment and that the practice should be banned in the EU unti...

Are Pipelines Really Safe? Texas Pipeline Ruptures And Explodes Overnight

While nobody was injured, a natural gas pipeline ruptured in rural South Texas, creating a massive fire that forced the evacuation of nearby homes. The huge bla...