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Tag Archives: oil price
How Will The Surge In Oil Prices Impact US GDP: One Bank Answers
How Will The Surge In Oil Prices Impact US GDP: One Bank Answers Back in late 2014, when oil prices tumbled after the OPEC “thanksgiving massacre“, the conventional narrative was that dropping oil prices were a boon for the economy as they resulted in lower gas prices and thus greater discretionary income. The stark reality […]
Putin: Trump Is To Blame For Higher Oil Prices
Putin: Trump Is To Blame For Higher Oil Prices Just hours after President Trump implicitly threatened Saudi Arabia with a withdrawal of military protection (a threat that was possibly inspired by OPEC+ ignoring Trump’s demands to raise production at its Algiers meeting last month) Russian President Vladimir Putin said out loud what many oil traders […]
Oil Slides After Russia, Saudi Arabia Agree To Boost Output: Report
Oil Slides After Russia, Saudi Arabia Agree To Boost Output: Report Rumors that Saudi Arabia might raise oil production spread across financial media last week, prompting representatives of the Kingdom to eventually step in and confirm that the Kingdom planned to ramp up production to try and compensate for the expected hole in global supply […]
Emerging Markets Slammed By Soaring Oil Prices
Emerging Markets Slammed By Soaring Oil Prices US consumers may be cursing rising gasoline prices which are rapidly approaching an average of $3.00 across the nation as Brent hits a new 4 year high above $84, but that is nothing compared to the horror that motorists across most emerging markets are facing. With currencies across […]
Oil Mania Redux
Oil Mania Redux Positive Energy By now, late September of 2018, it has become increasingly evident that something big is about to happen. What exactly that may be is anyone’s guess. But, whatever it is, we suggest you prepare for it now… before it is too late. Art auction energizer: Norman Rockwell’s portrait of John Wayne. […]
Canadian Shale Is Hitting The Wall
Canadian Shale Is Hitting The Wall Plunging Canadian prices have been depressing oil producers’ realized prices and revenues, even though the U.S. benchmark and the international Brent Crude prices have rallied year to date. But it’s not only oil sands producers that have been coping with wide price differentials between Canadian crude oil prices and […]
What Will Trigger The Next Oil Price Crash?
What Will Trigger The Next Oil Price Crash? Are we nearing another financial crisis? The supply-side story for oil prices is heavily skewed to the upside, with production losses from Iran and Venezuela causing a rapid tightening of the market. But the demand side of the equation is much more complex and harder to pin […]
Global Stocks Slide As Trade War Enters New Phase; Oil Surges
Global Stocks Slide As Trade War Enters New Phase; Oil Surges U.S. stock futures followed European and Asian shares lower in thin volume after China called off planned trade talks with the U.S. and the Trump administration imposed another $200 billion in “Phase II” China tariffs just after midnight; oil jumped 2.4% as OPEC+ members […]
Is The Oil Burden A Rising Problem?
Is The Oil Burden A Rising Problem? While markets become increasingly bullish, oil prices are close to a “warning zone” where the barrel could be one -if not the only- catalyst of a major slowdown. In my book “Escape from the Central Bank Trap”, I explain the concept of the “Oil Burden”. It is the […]
Trump: “The OPEC Monopoly Must Get Prices Down Now!”
Trump: “The OPEC Monopoly Must Get Prices Down Now!” Less than three months after Trump’s latest tweet slamming OPEC, in which he warned the petroleum cartel that “the United States defends many of their members for very little $’s. This must be a two way street. REDUCE PRICING NOW!”… … Trump was at it again […]
The Biggest Risk In Today’s Oil Markets
The Biggest Risk In Today’s Oil Markets The oil market is “tightening up,” but the Trump administration could still spoil oil prices if its aggressive trade war against China drags down economic growth. The U.S. stepped up the trade conflict with China on Monday when the Trump administration announced $200 billion in tariffs on Chinese […]
Why WTI Could Crash In The Coming Weeks
Why WTI Could Crash In The Coming Weeks West Texas Intermediate could drop to US$65 a barrel later this year on the back of extra maintenance work at U.S. refineries, Tom Kloza from the Oil Price Information Service has warned. Speaking on CNBC, Kloza said this maintenance season was the last chance for many refineries […]
The U.S. Calls On Russia To Cap Soaring Oil Prices
The U.S. Calls On Russia To Cap Soaring Oil Prices As crucial mid-term congressional elections in November draw near, the Trump administration is feeling the heat over higher oil prices. London-traded global oil benchmark Brent breached the $80 per barrel price point on Wednesday, its highest level since May 2. NYMEX-traded U.S. oil benchmark West […]
How Much Longer Can The Saudis Suppress Oil Prices?
How Much Longer Can The Saudis Suppress Oil Prices? When earlier this week reports emerged that Saudi Arabia is striving to keep oil prices in the range of US$70-80 per barrel in a bid to balance its need for higher prices with President Trump’s insistence that oil is kept within reasonable bounds, few must have […]
