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Tag Archives: oil price
Physical Oil Markets Don’t Lie – Is Another Crash Likely?
Physical Oil Markets Don’t Lie – Is Another Crash Likely? Oil prices are falling and analysts and market players are as eager as ever to explain the decline in accordance with their own bullish or bearish leanings. It’s a natural correction that was only to be expected after the buildup of long bets on crude […]
IEA Warns Of New Oil Glut
IEA Warns Of New Oil Glut The global oil market could slip into deeper oversupply on the back of non-OPEC production growth led by the United States, the International Energy Agency said in its latest Oil Market Report. “The main factor,” the IEA said, “is US oil production. In just three months to November, crude […]
Oil Prices: Collapse Now, Spike Later
Oil Prices: Collapse Now, Spike Later Oil prices closed out the week sharply down, wiping out all the gains posted since the start of the year. Surging U.S. shale production, along with broader financial turmoil, has clearly put an end to the bullish mood in the oil market. U.S. shale struck several blows against oil […]
WTI/RBOB Sink After US OIl Production Hits Record High, Surpassing Saudi
WTI/RBOB Sink After US OIl Production Hits Record High, Surpassing Saudi WTI/RBOB held on to gains after last night’s surprise crude draw from API, but quickly tumbled after DOE reported a 1.9mm crude build (2nd week in a row) and significant gasoline and distillate builds. However, US crude production’s massive spike to 10.25m b/d was […]
Are Oil Prices Heading for Another Spike?
Joe Sohm/Visions of America/UIG via Getty Images Are Oil Prices Heading for Another Spike? The decline in the dollar’s exchange rate seems to have gathered momentum, in part because the person who has his signature on US currency, Treasury Secretary Steve Mnuchin, seems unperturbed by its weakness. If it continues, will energy costs spiral upward? […]
Why Oil Prices Could Dive
Why Oil Prices Could Dive WTI briefly touched $65 per barrel after the EIA reported a surprise drawdown in inventories — the highest price since late 2014. Although the rally hit some stumbling blocks in recent days, prices remain at multi-year highs. However, absent further bullish news, the downside risk looms large. One of the […]
What Could Push Oil To $100?
What Could Push Oil To $100? If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: The consultancy expects crude demand this year to grow by 1.7 million bpd, and says Brent could touch above $100 a barrel in 2019. […]
WARNING: Markets Reaching Extreme Leverage
WARNING: Markets Reaching Extreme Leverage As investors’ bullish sentiment moves up to euphoric levels, the markets are reaching extreme leverage. This is terrible news because a lot of people are going to lose one heck of a lot of money. According to CNN Money’s Fear & Greed Index, the market is now at the “extreme […]
Can Anything Stop The Shale Surge?
Can Anything Stop The Shale Surge? Higher oil prices may lead to huge growth in U.S. shale production, according to revised predictions from both OPEC and the IEA. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) …click on the above link to read the rest of the article…
WTI Tumbles To $62 Handle After IEA Predicts “Explosive” US Shale Production As Oil Prices Surge
WTI Tumbles To $62 Handle After IEA Predicts “Explosive” US Shale Production As Oil Prices Surge Update: The IEA report has impact prices – as would be expected – sending WTI back below the crucial support level of $63 once again… With WTI Futures net long positioning at extreme longs, one wonders if $63 can […]
Is An Oil Price Spike Inevitable?
Is An Oil Price Spike Inevitable? The oil glut is over, at least when it comes to U.S. commercial inventories: over the past two months they have been within the average range for the season, thanks to hefty draws. These draws, one analyst argues, are a signal of higher-than-expected demand that is not only an […]
$60 Oil Will Not Last Long
$60 Oil Will Not Last Long U.S. oil prices are treading water above $US 60/B (WTI) again, the first time since 2015. Crude oil has a northerly wind in its sails, though everybody on board this fickle ship is cautious about its compass bearing. Since 2013 we’ve seen the price of a barrel peak to […]
Oil Price Scenario for 2018
Oil Price Scenario for 2018 It is that time of year again where we try to forecast what the oil price will do over the coming 12 months. Last year I forecast $60 / bbl for Brent year ending 2017 and with Brent trading on $66.50 as I write I can conclude that I got […]
