Ask a group of oil analysts about the recent surge in crude costs and here's the consensus answer you'll get: Prices have run up too far, too fast and they aren't supported by the fundamentals.
It is a sign of the times that the craziest thing I have seen this week was not Daryl Hannah licking surplus fuel off the petrol cap (or whatever she would call it) of her 60s-era Chevrolet El Camino.
To listen to Big Oil executives, there's no reason why a barrel of crude costs $80. But others say strong demand and limited supply justifies at least that much, and that the industry is clearly looking out for itself by saying oil is overvalued.
Royal Dutch Shell Plc bucked an industry-wide trend of falling earnings on Thursday, posting a 20 percent rise in second-quarter profits as fat refining margins helped outweigh lower output.
On a sunny May day in an office park in the Surrey countryside outside London, a Ferrari-driving hedge fund manager named Aref Karim is scooping up contracts to buy oil in July for $75 a barrel, $3...
As Royal Dutch Shell reported a 12 percent jump in first quarter profit to more than $6 billion on Thursday, Chief Executive Jeroen van der Veer spoke to CNN's Becky Anderson on Thursday about the results.
Judging by the $23 billion it earned last year, these should be the best of times for Shell, the Anglo-Dutch energy giant that ranks third among the top five Western oil companies. But Wall Street isn't celebrating. Instead, analysts are worried that buried beneath the record profit figures are worrying signs of a business in decline.
Judging by the $23 billion it earned last year, these should be the best of times for Shell, the Anglo-Dutch energy giant that ranks third among the top five Western oil companies. But Wall Street ...
Ask a group of oil analysts about the recent surge in crude costs and here's the consensus answer you'll get: Prices have run up too far, too fast and they aren't supported by the fundamentals.
It is a sign of the times that the craziest thing I have seen this week was not Daryl Hannah licking surplus fuel off the petrol cap (or whatever she would call it) of her 60s-era Chevrolet El Camino.
To listen to Big Oil executives, there's no reason why a barrel of crude costs $80. But others say strong demand and limited supply justifies at least that much, and that the industry is clearly looking out for itself by saying oil is overvalued.
Royal Dutch Shell Plc bucked an industry-wide trend of falling earnings on Thursday, posting a 20 percent rise in second-quarter profits as fat refining margins helped outweigh lower output.
On a sunny May day in an office park in the Surrey countryside outside London, a Ferrari-driving hedge fund manager named Aref Karim is scooping up contracts to buy oil in July for $75 a barrel, $3...
As Royal Dutch Shell reported a 12 percent jump in first quarter profit to more than $6 billion on Thursday, Chief Executive Jeroen van der Veer spoke to CNN's Becky Anderson on Thursday about the results.
Judging by the $23 billion it earned last year, these should be the best of times for Shell, the Anglo-Dutch energy giant that ranks third among the top five Western oil companies. But Wall Street isn't celebrating. Instead, analysts are worried that buried beneath the record profit figures are worrying signs of a business in decline.
Judging by the $23 billion it earned last year, these should be the best of times for Shell, the Anglo-Dutch energy giant that ranks third among the top five Western oil companies. But Wall Street ...
AS FIREWORKS were exploding in the skies across America on July 4, celebrating U.S. independence, a cadre of Chinese and American businesspeople were plotting their own revolution. In a virtual war...
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