Monday, August 03, 2015 01:43 AM
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Fluctuations in the forex industry are normal and play a big role in enhancing market liquidity. For traders of the USD/CAD or the 'loonie' as it is colloquially called, keeping abreast
The undisputed king of oil and gas is making some moves that could change the face of the global refining sector.
In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. As if being the world's biggest exporter of oil was not enough, the desert kingdom is now
In the mainstream media, we keep hearing about the strength of the United States economy. Growth is reasonable, headline unemployment rates have reached relatively healthy levels and the dollar is strong. That said, the world's commodities are having a terrible
With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran's crude oil supply would further contribute to the already rising global supply glut. The economic crisis in Greece, OPEC's high
In the past, I documented the overstatements
by both the IEA and EIA
in 2014 & 2015 in terms of supply, inventory and understatements of demand
. Others also noticed these distortions and, whether intentional or not, they exist and they are very large in dollar terms. These distortions, which are
A technological revolution spurred the U.S. oil boom that resulted in the greatest increase in domestic oil production in a century,
What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized.
The same sector of the economy that created the Great Recession is back in full force, creating what could be the world's next financial crisis through their use of single product, derivatives.
While most of us have heard of
Do you have faith in your local police department?