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Crude oil: is the US about to lift its export ban?

The US government has moved towards lifting a 40-year ban on oil exports by allowing two companies to sell ultra-light oil to foreign buyers. Pioneer Natural Resources and Enterprise Products Partners have been told by the Bureau of Industry and

Crude oil price surge helps U.S. chemical makers

Chemical prices are set globally by naphtha-based producers. That lets Dow and its peers charge the higher industry price and bank the margins from using cheap natural gas. Cheap natural gas is giving U.S. chemical companies an edge over European

OIL FUTURES: Crude Tumbles Below $85 Amid Broad Selloff – WSJ.com

Oil prices fell below $85 a barrel Friday amid a wide selloff in commodity and equities markets, as worries grow that China may soon raise interest rates in an effort to slow growth in the energy-hungry country. Light, sweet crude

U.S. OIL PRICES ENTER BEAR MARKET

NEGOTIATOR’S TAKE: $40 Crude brings opportunity to negotiate lower prices for a wide variety of products   |   08.12.16 – Crude settles at $40.06 a barrel, down from early June – Oil prices entered a bear market, briefly dipping below

BRENT OIL PRICES AT LOWEST LEVELS IN OVER A DECADE

NEGOTIATOR’S TAKE:  Transportation, plastic components, and petrochemicals all ripe for downward price negotiations. 12.30.15 – Expanding global surplus due to high-paced production sparks fears that prices will fall further Below $34 a barrel for the first time since 2009 Brent

U.S. OIL WILL LIKELY SLIDE TO $30

NEGOTIATOR’S TAKE: Lubricants, plastics and transportation are all candidates for price reduction.     Toward prices not seen since the last financial crisis As U.S. oil fell to a six-year low below $41 a barrel on Wednesday, an increasing number

Oil rout impacts the Canadian economy

A new Conference Board of Canada report released today at the Oil and Gas Summit 2015 in Calgary estimates Canada’s economy will suffer a 0.4 per cent hit to growth this year. Lower oil prices will have sharply differing effects

Oil: Falling Down

Brent for January settlement declined $2.88 to $66.19 a barrel on the London-based ICE Futures Europe exchange, the lowest since Sept. 29, 2009. The volume of all futures was 4.9 percent below the 100-day average. WTI for January delivery dropped

Petrochemical prices plunge on crude

The monthly global ICIS petrochemical index (IPEX), charting price settlements for November contracts, dropped by 6.8% from a revised month earlier figure with the northeast Asia sub-index falling 7.6% and the indexes for Europe and the US down 6.7% and

The new oil order

The massive growth of shale oil production decreased OPEC capacity in setting oil prices. In a context of limited demand growth, oil prices are currently in the $80~$85 price range and unlikely to exceed $80 next year. The major factor in