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Tag Archives: oil price
Impact of oil production decline and low oil prices: Venezuela
Impact of oil production decline and low oil prices: Venezuela Venezuelan X’mas 2017 without petrol https://losbenjamins.com/2017/12/venezuela-sin-gasolina-navidades/ Petrol lines are nothing new in Venezuela. But the problem is getting deeper and deeper: Top Venezuelan refineries are running at 34% of their capacity 17/10/2017 PUNTO FIJO, Venezuela/HOUSTON (Reuters) – Venezuela’s main refining complex, hobbled by a lack […]
What Will Drive The Next Oil Price Crash?
What Will Drive The Next Oil Price Crash? As we roll into 2018, analysts and investors are more optimistic that the oil market will further tighten next year and support higher oil prices, but rising U.S. shale production will likely cap any significant price gains. On the demand side, expectations are that global economic growth […]
“Loonie Longs Are Set For A Painful Dose Of Reality”: Trader
“Loonie Longs Are Set For A Painful Dose Of Reality”: Trader Is all hell about to breaks loose for Loonie longs? Yesterday, Bank of America released a note titled simply enough “CAD longs at risk”, in which it said that “according to our liquid cross border flow (LCBF) data, hedge funds and real money now […]
Is Oil About To Collapse?
Is Oil About To Collapse? When writing about markets, here and elsewhere, I usually try to avoid the temptation to write sensational things. Words like “collapse” and “crash”, or “surge” and “explode” attract clicks, which in turn often translates to cash for a writer, but major events like that are rare. That is all fine […]
The Man Behind The Oil Price Rally
The Man Behind The Oil Price Rally The OPEC meeting is over and the cartel has extended production cuts throughout 2018. The decision is obviously crucial to supporting oil prices, but perhaps an even bigger story is the relentless strategy from the young Saudi Prince, Mohammed bin Salman, being played out both inside OPEC and […]
Oil Prices Could Double If Middle East Conflict Escalates
Oil Prices Could Double If Middle East Conflict Escalates Barrel traders recently pushed the price of West Texas Intermediate (WTI) oil above $US 55; the first time in over two years. Scarcity doesn’t really justify the upward price movement. There isn’t a shortage of oil in the world. But there could be, in the worst […]
Why Oil Prices Will Keep Moving Up
Why Oil Prices Will Keep Moving Up Crude oil prices were have hit a two-year highs. Despite the misgivings of some pundits who view oil simply as a means for making money from short plays, the global market has finally stabilized. That means we’re now in the perfect environment to make some nice money with […]
Oil Jumps To $56, Highest Since July 2015 On Saudi Turmoil, Venezuela Default
Oil Jumps To $56, Highest Since July 2015 On Saudi Turmoil, Venezuela Default With the launch of electronic trading, WTI crude has jumped from the highest close since July 2015 amid Saudi turmoil which over the weekend included a crackdown on 11 Saudi princes – including billionaire Alwaleed – and dozens of current and former […]
Another Gulf Crisis: Dinar Devaluation Looms As Bahrain Begs Neighbors For Bailout
Another Gulf Crisis: Dinar Devaluation Looms As Bahrain Begs Neighbors For Bailout Despite the recent rise in oil prices, all is not well among the allies in the Gulf. The ‘pegged-to-the-dollar’ Bharaini Dinar has tumbled in the last few days as Bloomberg reports the nation has asked Gulf Arab allies for financial assistance as it […]
U.S. Oil & Gas Rig Count Falls As Brent Breaks $60
U.S. Oil & Gas Rig Count Falls As Brent Breaks $60 As Saudi’s comments regarding the OPEC extension send the Brent Crude benchmark over $60 in mid-day trading for the first time in more than two years, oil and gas rigs in the United States fell for yet another week, according to Baker Hughes, dipping […]
U.S. Deepwater Offshore Oil Industry Trainwreck Approaching
U.S. Deepwater Offshore Oil Industry Trainwreck Approaching The U.S. Deepwater Offshore Oil Industry is a trainwreck in the making. The low oil price continues to sack an industry which was booming just a few short years ago. The days of spending billions of dollars to find and produce some of the most technically challenging deep-water […]
Are Petrocurrencies Heading For Extinction?
Are Petrocurrencies Heading For Extinction? Petrocurrencies are breaking away from their traditional tight link to oil prices, but all it would take for this link to return is for prices to fall bellow their current range. This seems to be the general consensus among bankers interviewed by Bloomberg’s Natasha Doff and Anna Andrianova. The change […]
Half A Million Bpd At Risk From Geopolitical Firestorm
Half A Million Bpd At Risk From Geopolitical Firestorm It’s been a long time since geopolitical developments caused major movements in the oil price, but the escalating tension between the U.S. and Iran, combined with the sudden military clashes in Iraq, has pushed geopolitical risk back on to the agenda for the oil market. “Geopolitical […]
Oil Prices Spike On Middle East Tensions
Oil Prices Spike On Middle East Tensions Oil prices rose on Friday on bullish data from China showing an uptick in oil imports by 1 million barrels per day in September, from a month earlier. On top of that, anxiety over President Trump’s decision to decertify the Iran nuclear deal, plus simmering tension in Iraq […]
