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Tag Archives: oil price
Oil Likely To Hit $200: SEB Group
Oil Likely To Hit $200: SEB Group Oil prices are likely to soar past $200 per barrel if G7 manages to cap the price of Russian crude oil, according to chief commodities analyst at Swedish bank SEB Group. Bjarne Schieldrop, SEB analyst, said on Wednesday in no uncertain terms that the G7’s price capping proposal […]
The world must brace itself for a further surge in oil prices
The world must brace itself for a further surge in oil prices Outlook for production is bleak with Russian shortfalls hard to replace With Russia’s sanctions-hit oil output facing an increasingly difficult route to market, there are legitimate fears that supply could fall much further © Andrey Rudakov/Bloomberg Share on twitter (opens new window) Share […]
BofA: Sharp Decline In Russian Exports Could Send Oil Above $150
BofA: Sharp Decline In Russian Exports Could Send Oil Above $150 Analysts: Asian buyers are unlikely to be able to absorb all the Russian oil unwanted in the West. There is a distinct possibility of a sharp drop in Russian oil exports. BofA: A sharp contraction in Russian oil exports could push Brent well past […]
Australian fuel import bill going sky-high
Australian fuel import bill going sky-high In March 2022 Australia’s petroleum product imports have reached almost AU$ 4 bn per month, an increase of 70% compared to December 2019. Fig 1: Petroleum product imports by volume (black lines) and value (brown line) Fig 2: Australian dollar to US$ exchange rate The Australian Dollar was also […]
Running On Empty
Running On Empty Well, we definitely seem to have passed a threshold of sorts. For most of the sixteen years since I started blogging, one of the things I had to point out constantly to my readers was the slow pace of historical change. Whenever I posted an essay on the twilight of industrial society, […]
Just a hint from the mainstream that limits precipitate rising oil prices
Just a hint from the mainstream that limits precipitate rising oil prices Last week a Bloomberg writer at the very end of an article explained that the “only solution” to high gasoline and diesel prices is recession. While I would not accuse the writer of advocating degrowth—this would be too radical for a mainstream business publication—his […]
Has Gasoline Price Shock Triggered Demand Destruction Yet? And Where Will Gasoline Prices Go from Here?
Has Gasoline Price Shock Triggered Demand Destruction Yet? And Where Will Gasoline Prices Go from Here? There’s some demand destruction. But oil bounced again, gasoline might be next. My guess is a long-drawn-out zigzag higher. Following the dizzying spike in gasoline prices, the question arises when demand destruction will set in, where people start driving […]
Putin Driving Up Oil Prices Is An “Outrageous Lie”: USF Geology Professor Dr. Marc Defant
Putin Driving Up Oil Prices Is An “Outrageous Lie”: USF Geology Professor Dr. Marc Defant “I read a lot of the literature on global warming and for AOC to come out and say 2 or 3 years ago that the world was going to end in 12 years – that’s just hysterical craziness.” About two […]
Crude Oil WTI Futures Go Bananas, Briefly Spike to $130: And this Is What’s Happening at my Gas Station
Crude Oil WTI Futures Go Bananas, Briefly Spike to $130: And this Is What’s Happening at my Gas Station Speculators are reacting to other speculators who are reacting to whatever. Sunday night, crude oil WTI futures, as soon as trading started, spiked to $130.50 a barrel, the highest since July 2008. Maybe it was just […]
Two Oil Price Scenarios: One Bad, And One Catastrophic
Two Oil Price Scenarios: One Bad, And One Catastrophic Another day, another record discount for Russian Urals crude, which was offered at a price more than $22 below spot by oil trader Trafigura and still could find no giant… … confirmed what we previously observed, namely that the commodity world is splitting in two: a bidless market for Russian […]
Falling oil inventories is what matters, not geopolitics: Eric Nuttall
Falling oil inventories is what matters, not geopolitics: Eric Nuttall Video: https://www.bnnbloomberg.ca/video/falling-oil-inventories-is-what-matters-not-geopolitics-eric-nuttall~2382581?fbclid=IwAR35n9dgxwTWlZkX2bEYyy72SOGJR0eQM3MkFzRENmj9S8oDz0xkI9XfP8o Oil prices are retreating as tensions between Russia and Ukraine ease and investors grow more concerned about an Iran nuclear deal, so what does it all mean for the oil market long-term? Eric Nuttall, partner and senior portfolio manager of Ninepoint Partners, joins […]
“I’ve Never Seen A Market Like This”: Goldman Sees Shortages Of Everything, “You Name It, We’re Out Of It”
“I’ve Never Seen A Market Like This”: Goldman Sees Shortages Of Everything, “You Name It, We’re Out Of It” It’s probably not the endorsement Biden’s flailing administration wanted. In a time when social networks have been swamped with photos of empty shelves from across the nation, Goldman’s head commodity strategist and one of the closest-followed […]
Oil Spikes On White House Report Russia Planning False Flag Against Ukraine Using ‘Graphic Video’, Crisis Actors
Oil Spikes On White House Report Russia Planning False Flag Against Ukraine Using ‘Graphic Video’, Crisis Actors The Washington Post is reporting Thursday bizarre and sensational claims by US intelligence saying that Russia planned to stage a false flag to justify a massive invasion of Ukraine. Specifically Russian intelligence is being accused of producing a fake […]
Oil Rally Fueled By OPEC Production Shortfall
Oil Rally Fueled By OPEC Production Shortfall In December, OPEC+ added 253,000 barrels daily to its combined production falling well short of its 400,000-bpd target OPEC’s underproduction fuels speculation about the cartel’s ability to ramp up production Morgan Stanley: global spare oil production capacity will shrink from 6.5 million bpd at the moment to just […]
Morgan Stanley Jumps On The $100 Oil Bandwagon
Morgan Stanley Jumps On The $100 Oil Bandwagon Morgan Stanley expects oil prices to hit $100 per barrel in the second half of the year, becoming the latest major Wall Street bank to expect triple-digit oil prices by the end of 2022. The oil market is headed to a “triple deficit” of low inventories, low […]
