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Tag Archives: oil oversupply

Harold Hamm endorses Donald Trump for president

harold hamm endorses donald trump

On Friday Continental Resources CEO Harold Hamm endorsed Donald Trump for the 2016 Presidential Race, according to Reuters. Hamm, a shale industry pioneer and Mitt Romney’s 2012 energy adviser, called the real estate mogul a “business leader’s candidate” and that Trump has the “fortitude to make tough decisions.” In a public letter, Hamm wrote, “The next president of the United ...

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Cheaper oil buoys consumers, hammers producers

DALLAS — Oil prices have been lower for longer than expected. Now, with OPEC’s decision to keep pumping at current levels, analysts expect oil to remain relatively cheap well into 2016 and maybe longer. That, of course, is good news for consumers and fuel-guzzling industries like airlines, but oil producers are being squeezed and thousands of workers in the oil ...

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Oil may have further to fall due to oversupply – IEA

LONDON – Massive oversupply is likely to push oil prices down even further, the International Energy Agency (IEA) said on Friday, adding that the rebalancing of the market was likely to last well into 2016. The agency, which advises the world’s biggest economies on energy policy, said “something has to give” because the world oil market was unable to absorb ...

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