Home » Posts tagged 'oil price collapse' (Page 17)
Tag Archives: oil price collapse
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 […]
Oil Sector May Not Cause Financial Apocalypse After All
Oil Sector May Not Cause Financial Apocalypse After All Across the oil patch, banks are starting to close off their exposure to some of the riskiest oil drillers. A new monthly survey from the Federal Reserve finds that banks that have issued loans to oil drillers are projecting some of them to go bad. Over the course […]
The U.S. Production Decline Has Begun
The U.S. Production Decline Has Begun It is not because of decreased rig count. It is because cash flow at current oil prices is too low to complete most wells being drilled. The implications are profound. Production will decline by several hundred thousand of barrels per day before the effect of reduced rig count is fully […]
Saudi Arabia: the great oil game
Saudi Arabia: the great oil game Saudi Arabia just increased oil production to a record level, never reached in previous history. They are doing that in a moment of record low oil prices. What do they have in mind? (Image from Arthur Berman) When the collapse of the oil prices started, in the summer of […]
The Chilling Thing Blackstone Said about the Oil Bust
The Chilling Thing Blackstone Said about the Oil Bust Regardless of how troubled oil and gas companies are, “if the assets are good, someone will own them,” explained David Foley, senior managing director of Blackstone Energy Partners. He expected companies to buckle under the load of junk debt and kick off a long series of bankruptcies and […]
Is Saudi Arabia Setting The World Up For Major Oil Price Spike?
Is Saudi Arabia Setting The World Up For Major Oil Price Spike? In order to maintain a grip on market share by pushing U.S. shale producers out of the market, Saudi Arabia (and OPEC) is willing to use up its spare capacity. That could lead to a price spike. Saudi Arabia produced 10.3 million barrels per day […]
Oil prices: A bear and a bull on the rally
Oil prices: A bear and a bull on the rally The price of oil has been rising for more than a week. What gives? The price of oil has been heading up for eight trading sessions, raising the hopes of energy companies, investors and the whole province of Alberta. But is this rally the real […]
How Much Longer Can OPEC Hold Out?
How Much Longer Can OPEC Hold Out? OPEC has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. When OPEC speaks, the world listens in rapt attention as it accounts for nearly 40 % of the world’s total crude output. With its headquarters in Vienna, […]
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 […]
Why The Oil Price Collapse Is U.S. Shale’s Fault
Why The Oil Price Collapse Is U.S. Shale’s Fault The present oil price collapse is because of over-production of expensive tight oil. The collapse occurred because of the inability of the world market to support the cost of the new expensive oil supply from shale, oil sands and deep water. Demand was progressively destroyed during […]
Who’s To Blame For The Oil Price Crash?
Who’s To Blame For The Oil Price Crash? When we think of the recent drop in oil prices, the question is not only who started it, but who’s responsible for keeping the prices falling. Probably no one would dispute that the price plunge began with the eager and copious production of oil from shale formations […]
Canada Housing, Office Market Mauled by Oil, Layoffs – but Vancouver Bubble Still Soars
Canada Housing, Office Market Mauled by Oil, Layoffs – but Vancouver Bubble Still Soars Back in December, the Bank of Canada said home prices were overvalued by as much as 30% and posed an “elevated” risk to the Canadian financial system. In January, Deutsche Bank found that Canada’s housing market was, more realistically, 63% overvalued. In greater […]
This Is What Will Determine If Oil Prices Go Up Or Down
This Is What Will Determine If Oil Prices Go Up Or Down It appears as if oil prices could be on the verge of a rebound, with new data showing that the U.S. oil patch is hitting an inflection point. While specific shale regions – such as North Dakota’s Bakken and Texas’ Eagle Ford – have posted […]
Revisiting the Shale Oil Hype: Technology versus Geology
Revisiting the Shale Oil Hype: Technology versus Geology The press has been all abuzz the past few weeks speculating on what the drop in oil prices will mean for U.S. shale oil (tight oil) production. Pundits have been falling over themselves quoting various estimates of the breakeven cost of production in this play or that, […]
New IEA Data May Indicate A Slowdown In Rig Count Drop
New IEA Data May Indicate A Slowdown In Rig Count Drop The IEA OMR is out early this month hence April’s edition of vital statistics comes early. The March 2015 Vital Statistics is here. EIA oil price and Baker Hughes rig count charts are updated to the end of March 2015, the remaining oil production charts are updated to February […]
