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Tag Archives: oil price
Shale Is In A Deep State Of Flux
Shale Is In A Deep State Of Flux Oil prices are rising to their highest level in months, with WTI having topped $60 per barrel, but the U.S. shale industry is still showing signs of strain. “This is a cycle in our industry where only the large well-capitalized companies can grow. Small companies without access […]
Oil Rises As Saudi Extends Production Cuts Through April
Oil Rises As Saudi Extends Production Cuts Through April President Trump isn’t going to like this. Offering the first indication that the OPEC+ cartel of major oil exporters intends to extend cuts, Saudi Arabia has reportedly told its clients that they will receive significantly less oil than they had requested in April, extending deeper-than-agreed oil […]
A Glimpse At 2019
A Glimpse At 2019 Markets In Critical Transformation, Chaotic Behaviour Has Just Began. Our inability as market participants to properly frame market fragility and the inherent vulnerability of the financial system makes a market crash more likely, as it helps Systemic Risk go unattended and build further up. For the first time in a while, […]
Oil’s Wild Price Swings Set to Create Global Chaos
Oil’s Wild Price Swings Set to Create Global Chaos Volatility is here to stay — and the political and economic implications will touch us all. Oil once gushed from the ground for drillers, like these workers in Port Arthur, Texas, in 1901. Now costly fracking and oilsands mining produces lower-quality oil at far higher costs. […]
Evidence Mounts For Shale Slowdown
Evidence Mounts For Shale Slowdown There is a growing pile of evidence pointing to a slowdown in the U.S. shale industry, as low prices take their toll. The rate of hydraulic fracturing began to decline in the last four months of 2018, a sign that U.S. shale activity began to slow even before the plunge […]
New Data Suggests Shocking Shale Slowdown
New Data Suggests Shocking Shale Slowdown U.S. shale executives often boast of low breakeven prices, reassuring investors of their ability to operate at a high level even when oil prices fall. But new data suggests that the industry slowed dramatically in the fourth quarter of 2018 in response to the plunge in oil prices. A […]
Global Economic Slump Imminent As Korean Exports ‘Canary’ Crashes
Global Economic Slump Imminent As Korean Exports ‘Canary’ Crashes In the latest sign that the slowdown in China and the global trade war is weighing on global commerce, South Korea’s exports fell in December. The 1.2% YoY decline was dramatically below the +2.5% YoY expected and missed even the most pessimistic forecast (which was still […]
Why Oil Prices Rose And Crashed In 2018
Why Oil Prices Rose And Crashed In 2018 Last week the price of West Texas Intermediate (WTI) crude oil, the primary U.S. benchmark, fell to a 17-month low. The price, $45.88/bbl, marks a stunning fall from a price that closed at $76.40/bbl on October 3rd. So, what has caused this roller coaster ride, and where are prices […]
WTI Extends Losses After Production Rebounds To Record
WTI Extends Losses After Production Rebounds To Record WTI has slid lower overnight following API’s surprise large crude build (and no equity pump) and was unable to hold gains after a bigger than expected gasoline build (and tiny crude draw) along with a production rebound to record highs. If U.S. crude output rises, it’s likely […]
Falling Oil Prices May Spark New Debt Crisis
Falling Oil Prices May Spark New Debt Crisis U.S. oil prices at below $50 and now even below $45 a barrel could cause concerns about the debt levels of some energy companies, Nasdaq energy analyst Tamar Essner told CNBC on Wednesday. “Credit markets have held up a lot better than the energy equity markets right […]
Shale Growth Could Slow On Oil Price Meltdown
Shale Growth Could Slow On Oil Price Meltdown Can the U.S. shale boom continue if WTI stays mired below $50 per barrel? Much has been made about the dramatic cost reductions that shale drillers have implemented over the past few years, with impressive breakeven prices that should ensure the drilling frenzy continues no matter where […]
What’s Behind The Crash In Crude?
What’s Behind The Crash In Crude? Oil prices crashed to new one-year lows on Tuesday, dragged down by a deepening sense of global economic gloom as well as fears of oversupply in the oil market itself. The reasons for the sudden meltdown were multiple. Rising crude oil inventories and expected increases in shale production weighed […]
Shale Under Pressure As Oil Falls Below $50
Shale Under Pressure As Oil Falls Below $50 The OPEC+ cuts still are not doing very much to boost oil prices, dashing hopes for many U.S. shale producers. With companies in the process of formulating their budgets for 2019, the prospect of $50 oil sticking around raises questions about the heady production figures expected from […]
The Impact of OPEC on Climate Change
The Impact of OPEC on Climate Change It is accepted that the Organization of the Petroleum Exporting Countries (OPEC) is a cartel that restrains oil production and keeps prices higher than they would otherwise be. Indeed, this is the premise behind the “OPEC Accountability Act of 2018” in the US Senate. This bill would address […]
Slipping Rig Count Can’t Keep Oil Prices From Falling
Slipping Rig Count Can’t Keep Oil Prices From Falling Baker Hughes reported a 4-rig decrease for oil and gas in the United States this week—a loss in rigs for the third week in a row. The four-rig decline was all on the oil-rig side, with gas rigs holding steady. The total number of active oil […]
