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Tag Archives: oil price
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 […]
Next Stage of Pressure on Iran – Lower Oil Prices
Next Stage of Pressure on Iran – Lower Oil Prices President Trump is stepping up his attack on Iran. He’s now planning the long-game for maximum pressure. The news that Trump quietly asked Saudi Arabia to ramp up output by 1 million barrels a day is the key. From the analysis at Oilprice.com: Saudi Arabia and […]
Don’t Take Higher Oil Prices For Granted
Don’t Take Higher Oil Prices For Granted Oil prices collapsed at the start of this week, with WTI and Brent dropping 5.5 percent and 7.5 percent respectively from their three and a half year peaks. This recent price slump serves as a timely reminder for market observers and players alike that, while a heightened geopolitical […]
Art Berman: Think Oil Is Getting Expensive? You Ain’t Seen Nothing Yet.
Art Berman: Think Oil Is Getting Expensive? You Ain’t Seen Nothing Yet. A global supply crunch approaches… After issuing clear warnings on this program that sub-$50 oil prices were going to be short-lived, oil expert and geological consultant Art Berman returns to the podcast this week to explain why today’s $70 oil prices will go […]
Who’s To Blame For High Gasoline Prices?
Who’s To Blame For High Gasoline Prices? As retail gasoline prices rise to $3 per gallon across the United States, gas prices are a hot political topic in Washington once again, with the Democrats hoping to slam Donald Trump for causing pain at the pump and Republicans trying to shift blame back on their opponents. […]
Farmers Reeling From High Oil Prices
Farmers Reeling From High Oil Prices As the summer driving season approaches, drivers are already paying more for gasoline due to the oil price rally in recent months. But higher oil prices affect not only the gasoline bills of retail consumers. The higher price of oil is also pushing up diesel fuel prices as the […]
Oil Jumps Above $80 For The First Time Since Nov. 2014
Oil Jumps Above $80 For The First Time Since Nov. 2014 Two weeks after Saudi Arabia said it was targeting $80/bbl oil, this morning Riyadh got its wishes early when Brent hit the Saudi target, jumping as much as 1% to $80.18, following the latest drop in U.S. crude inventories and as traders continued to […]
IEA Cuts 2018 Oil Demand Forecast On Soaring Oil Prices
IEA Cuts 2018 Oil Demand Forecast On Soaring Oil Prices Yesterday, we observed that in logical consequence to sharply higher interest rates, US consumer loan demand had slumped in recent weeks, despite increasingly easy credit conditions: an outcome which for many economists is a harbinger to an upcoming recession, as households hunker down and begin […]
Higher Oil Prices Look Likely
Higher Oil Prices Look Likely The path to higher oil prices seems pretty clear, but it isn’t inevitable. There are plenty of reasons why the oil market is suddenly on edge, and why oil prices are at their highest level since 2014. Venezuela’s oil production is falling off of a cliff, and could fall faster […]
Weekly Commentary: Disequilibrium
Weekly Commentary: Disequilibrium Much to the consternation of our allies, President Trump withdraws from the Iran nuclear deal. WTI crude adds another 1.5% (up 17% y-t-d) this week to the high since November 2014. Iran and Israel moved closer to direct military confrontation. With even 40% rates unable to staunch the bleeding, a stunned Argentine […]
Could Oil Hit $100?
Could Oil Hit $100? Oil prices have continued their climb following a week of bullish news, and with geopolitical tensions reaching a boiling point, prices are poised to head even higher. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, May 11, 2018 Iran continues […]
Oil Surges, 10Y Yield Back Over 3%, Futures Jump In Iran Deal Fallout
Oil Surges, 10Y Yield Back Over 3%, Futures Jump In Iran Deal Fallout For those curious what the fallout from the US withdrawal from the Iranian nuclear deal looks like in the capital markets, the answer is as follows: higher US stock futures, a stronger dollar (at least initially, the greenback has since turned slightly […]
Never Trust A Banker About Oil Prices
Never Trust A Banker About Oil Prices In recent weeks I’ve commented on the powerful bullish forces that have combined in oil and oil stocks and your need to increase your exposure to them. So, before going on to other topics, this has to be the start of any column until further notice, despite the […]
