Home » Posts tagged 'oil price' (Page 15)
Tag Archives: oil price
Oil Prices Have Been Rising And $4 A Gallon Gasoline Would Put Enormous Stress On The U.S. Economy
Oil Prices Have Been Rising And $4 A Gallon Gasoline Would Put Enormous Stress On The U.S. Economy Thanks to increasing demand and upcoming U.S. sanctions against Iran, oil prices have been rising and some analysts are forecasting that they will surge even higher in the months ahead. Unfortunately, that would be very bad news […]
Rising Supply Will Keep Oil Prices Rangebound
Rising Supply Will Keep Oil Prices Rangebound Rising oil production from various parts of the globe could keep oil prices “range-bound” for the rest of this year. During the second quarter, fears of supply shortages began to mount, as OPEC disruptions combined with strong demand and shrinking inventories to push prices up significantly. More recently, […]
The Real Reason Behind The Next Oil Squeeze
The Real Reason Behind The Next Oil Squeeze The last quarter has seen increased volatility in oil prices, an increase that I attribute to the growing tensions in international markets as fears of a global trade war intensify. The headlines seem to get starker by the day, and markets loathe this type of uncertainty. (Click […]
Canada’s Biggest Producer Cuts Drilling As Heavy Oil Price Tumbles
Canada’s Biggest Producer Cuts Drilling As Heavy Oil Price Tumbles Canada Natural Resources, the largest producer, is allocating capital to lighter oil drilling and is curtailing heavy oil production as the price of Canadian heavy oil tumbled to a nearly five-year-low relative to the U.S. benchmark price. Due to the transportation bottlenecks, the discount at […]
Oil Prices Unlikely To Breakout Or Collapse
Oil Prices Unlikely To Breakout Or Collapse Oil prices took a breather in the second half of July, but the price correction may have been a temporary reprieve rather than the start of another downturn. On Monday, WTI breached $70 per barrel for the first time in over two weeks, rising once again on fears […]
Oil Jumps After Saudis Say August Exports To Slide
Oil Jumps After Saudis Say August Exports To Slide Trump is about to have another OPEC twitter meltdown. With oil sliding in recent days on a combination of greater inventory builds and production increases both in the US and in places like Libya and Canada, moments ago WTI jumped as much as 1.6% after it […]
Oil Prices At Risk Of Economic Downturn
Oil Prices At Risk Of Economic Downturn Oil prices have retreated as disrupted supply from Libya has started to come back online, threatening the recent gains in oil prices. But a bigger threat to crude over the second half of 2018 and into 2019 is a slowdown in the global economy. The International Monetary Fund […]
Oil Prices Crash As Libya Resumes Production
Oil Prices Crash As Libya Resumes Production Oil prices fell sharply on Wednesday on news that Libya was suddenly set to restore hundreds of thousands of barrels per day, and the U.S. struck a softer line on Iran sanctions. Brent sank more than 6 percent during midday trading on Wednesday, as Libya’s National Oil Corp. […]
10 years after the oil price spike: Is peak oil a process rather than a moment?
10 years after the oil price spike: Is peak oil a process rather than a moment? Ten years ago this week—July 11, 2008 to be exact—the price of a barrel of oil on the New York Mercantile Exchange hit an intraday high of $147.27, its highest price ever. By the following autumn the world economy […]
Iran Furious After Trump Calls Saudi King, Demands 2MM Barrel Production Boost
Iran Furious After Trump Calls Saudi King, Demands 2MM Barrel Production Boost Update: as expected, it did not take long for Iran – which has the most to lose from any Saudi output hike which would not only send the price of oil lower but also allow Riyadh to capture Iran’s sanctioned market share – […]
Rig Count Falters Amid Oil Price Correction
Rig Count Falters Amid Oil Price Correction Baker Hughes reported a dip in the number of active oil and gas rigs in the United States today. Oil and gas rigs decreased by 3 rigs, according to the report, with the number of oil rigs increasing by 1, and the number of gas rigs decreasing by […]
Trump Slams OPEC Again, Demands Lower Prices: “Oil Prices Are Too High, OPEC Is At It Again”
Trump Slams OPEC Again, Demands Lower Prices: “Oil Prices Are Too High, OPEC Is At It Again” Nearly two months after Trump drew a line in the sand on oil prices, when on April 20 he lashed out at OPEC, tweeting that “Oil prices are artificially Very High! No good and will not be accepted!”which […]
It’s The Demand, Stupid! Is China About To Burst The Black Gold Bubble?
It’s The Demand, Stupid! Is China About To Burst The Black Gold Bubble? For months we have heard about how the oil market’s over-supply ‘glut’ has been removed thanks to OPEC/NOPEC’s production cut deal and the narrative of ‘global synchronous recovery’ has buoyed the demand side of the equation – sending crude prices to four […]
Higher Oil Prices Might Not Destroy Demand Growth
Higher Oil Prices Might Not Destroy Demand Growth The recent jump in oil prices to $80 per barrel raised a lot of questions about whether or not the heady demand growth projections for this year would hold up. In fact, signs of strain quickly popped up in disparate parts of the world. But as governments […]
