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Tag Archives: crude oil
Gas prices ‘way beyond’ where oil rebound should have them: BMO
Gas prices ‘way beyond’ where oil rebound should have them: BMO It’s not just you: Gas prices are much higher than they should be, energy experts say Gas prices are up by more than a third since the start of the year, a figure much higher than one would expect based on the slight rebound in […]
Peak Oil: Myth Or Coming Reality?
Peak Oil: Myth Or Coming Reality? In 1956, a geoscientist named M. King Hubbert formulated a theory which suggested that U.S. oil production would eventually reach a point at which the rate of oil production would stop growing. After production hit that peak, it would enter terminal decline. The resulting production profile would resemble a […]
Don’t Believe The Hype On U.S. Shale Growth
Don’t Believe The Hype On U.S. Shale Growth The OPEC Free Fall There is a popular narrative going around that I want to address in today’s article. Last November, after several months of plummeting crude oil prices, the Organization of the Petroleum Exporting Countries (OPEC) met to discuss the oil production quotas for each country […]
The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi
The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi Two topics we’ve deemed critically important to a thorough understanding of both global finance and the shifting geopolitical landscape are the death of the petrodollar and the idea of yuan hegemony. Last November, in “How The Petrodollar Quietly Died And No […]
Mexico and American Oil Companies Want a Crude Swap to Open Loophole in the Oil Export Ban
Mexico and American Oil Companies Want a Crude Swap to Open Loophole in the Oil Export Ban As politicians from oil-producing states work to draw up bills to end the ban on oil exports, Mexican officials are “confident” that the country will soon be importing American crude through a backdoor loophole in the law. Back in January, […]
Steen’s Chronicle: The best of times, the worst of times
Steen’s Chronicle: The best of times, the worst of times Significant changes to our JABA model’s long-term outlook Inopportune rise in gold and energy prices expected Commodities will outperform and yields will add another 100 bps Europe will suffer downturn and the US will flirt with recession in 2016 Gold is one of those items that […]
Oil Prices Will Fall: A Lesson In Gravity
Oil Prices Will Fall: A Lesson In Gravity The oil price collapse is not over yet. It is more likely that the Brent price could fall back into the mid-$50 range than that it will continue to rise toward $70 per barrel. That is because oil prices have risen based on sentiment alone. The fundamentals […]
Oil Price Recovery May Be Too Much Too Soon
Oil Price Recovery May Be Too Much Too Soon Oil prices have hit their highest levels in 2015, with WTI surging above $60 per barrel. Crude oil inventories in the U.S. declined for the first time since December 2014, perhaps indicating that the glut could be easing. The EIA reported that oil stockpiles fell by 3.9 million […]
New Oil-By-Rail Regulations Are Big Win for Oil and Rail Industries, Won’t Stop “Bomb Trains”
New Oil-By-Rail Regulations Are Big Win for Oil and Rail Industries, Won’t Stop “Bomb Trains” The long-awaited oil-by-rail regulations released today are basically a guidebook for the oil and rail industries to continue doing business as usual when it comes to moving explosive Bakken crude oil by rail. DeSmog recently reported on how the Obama administration has worked behind the […]
Rig Count Data Shows Gulf States Cranking Up Pressure On The U.S.
Rig Count Data Shows Gulf States Cranking Up Pressure On The U.S. The global rig count statistics published by Baker Hughes provide a crucial industry activity indicator and some of the most up to date industry statistics available. This is a short report updating international statistics to March 2015 and US statistics to 10 April 2015. Figure […]
Top 12 Media Myths On Oil Prices
Top 12 Media Myths On Oil Prices The upstream oil and gas industry is not a black hole. There’s no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There’s a constantly evolving learning curve. And then there’s all the regulations and compliance. But all-in-all it’s pretty […]
Oil Plunges To Lowest Since March 2009 ($43 WTI) As EURUSD 1.05 Battle Continues
Oil Plunges To Lowest Since March 2009 ($43 WTI) As EURUSD 1.05 Battle Continues Update: *WTI CRUDE TRADES AT LOWEST INTRADAY PRICE SINCE MARCH 2009 – $43.57 Despite ‘trouble’ in Saudi Arabia, and chatter of SPR buying, it appears the re-opening of all Houston shipping channels, comments from Greenspan, yet another refinery shut (Exxon’s Joliet […]
The Truth About U.S. Crude Storage
The Truth About U.S. Crude Storage Despite the popular narrative that we keep hearing, the U.S is not running out of crude oil storage. Yet there are those who are predicting that oil prices are going to fall to $20 or $30 a barrel, pointing to the crude oil storage numbers and suggesting that we […]
Oil wars: Shifting balance of power?
Oil wars: Shifting balance of power? What impact are lower global oil prices having on the world’s geopolitical landscape? Global oil policies are becoming ever more complex as suppliers balance their needs, priorities and self-interests. A period of low prices is redefining the geopolitical landscape, and bringing international relations into sharp focus. The price of crude […]
US May Run Out Of Oil Storage Space As Soon As June
US May Run Out Of Oil Storage Space As Soon As June On Sunday, we noted that the economics of the floating storage play could spell further declines for crude prices. With a global stock increase that’s some 3 times larger than that which occurred during the last period of oversupply, expect cheap, on-land storage to prove […]
