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Tag Archives: oil price
OPEC Boosts Oil Demand Estimates, Admits Oil Prices Can’t Rise Above $55
OPEC Boosts Oil Demand Estimates, Admits Oil Prices Can’t Rise Above $55 In its latest OPEC Monthly Oil Market Report (October) the oil cartel has increased its oil demand estimates for 2017, 2018 on strengthening world economy, and weaker outlook for supplies from its rivals. Specifically, OPEC forecasts that based on the current global oil […]
The Geopolitical Consequences Of U.S. Oil Exports
The Geopolitical Consequences Of U.S. Oil Exports Two crucial things happened yesterday. The first you may have noticed – oil prices moved back up. As for the second, most so-called “experts” seemed to have missed. See, the environment we’re seeing in energy markets is very different from what we saw only a week ago, when […]
Oil Back Below $50: End of Inflationary Jump?
Oil Back Below $50: End of Inflationary Jump? Crude oil is back below $50 and production is up. Hedge funds are reducing positions. Is this the end of an inflationary jump? Crude Weekly Chart Oil’s Stint Above $50 Ends Bloomberg reports Oil’s Stint Above $50 Ends. I do not know where Bloomberg got that caption from. Crude […]
Oil Prices Steady, But $80 Oil Is Coming, Says Analyst
Oil Prices Steady, But $80 Oil Is Coming, Says Analyst Oil prices were basically flat early on Wednesday, but $80 oil could be just around the corner, according to analyst Jodie Gunzberg, head of commodity and real asset indices at S&P Dow Jones Indices in a CNBC interview on Wednesday. While prices are holding just […]
Citi: An Oil Supply Squeeze Is Inevitable
Citi: An Oil Supply Squeeze Is Inevitable It’s somewhat tradition for oil analysts to produce a flurry of new forecasts after every sharp move in prices, and the latest rally in WTI and Brent is no exception. In just the last couple of days we’ve seen one analyst predict prices of $80 per barrel, while […]
IEA: Price Spike Coming In 2020
IEA: Price Spike Coming In 2020 The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a supply crunch in a few years due to the sharp fall in industry spending. The halving of oil prices […]
Why The Shale Oil “Miracle” Is Becoming A “Debacle”
klublu/Shutterstock Why The Shale Oil “Miracle” Is Becoming A “Debacle” Dispelling the magical thinking behind the hype Energy is everything. This is an amazingly important concept. Yet it’s almost universally overlooked. Sometimes it’s hard to appreciate the magical role energy plays in our daily lives because most of what we experience is a derivative of […]
Forget OPEC, China Controls Oil Prices
Forget OPEC, China Controls Oil Prices U.S. shale has taken a lot of headline space recently as the biggest headwind for oil prices and the highest stumbling block for OPEC’s efforts to prop them up by cutting production. Yet, there may be another factor that could bring down oil prices as soon as next year… […]
Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020
Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020 As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. As Saudi Arabia announces plans to slash production and move their economy away from oil dependency, many industry insiders are predicting that the […]
Does the Price of Oil Determine General Increases in the Prices of Goods and Services?
DOES THE PRICE OF OIL DETERMINE GENERAL INCREASES IN THE PRICES OF GOODS AND SERVICES? A very good visual correlation between the yearly percentage change in the consumer price index (CPI) and the yearly percentage change in the price of oil seems to provide support to the popular thinking that future changes in price inflation […]
Do Saudi Arabia And Russia Really Want Higher Oil Prices?
Do Saudi Arabia And Russia Really Want Higher Oil Prices? The jawboning of oil prices by the Saudi Arabian/Russian tag team should be wearing off after more than a year of actions that don’t measure up to the words. Oil prices slumped recently, dropping from around $54 per barrel to just below $50 as of […]
Why We Should Be Concerned About Low Oil Prices
Why We Should Be Concerned About Low Oil Prices Most people assume that oil prices, and for that matter other energy prices, will rise as we reach limits. This isn’t really the way the system works; oil prices can be expected to fall too low, as we reach limits. Thus, we should not be surprised if […]
Shale Hotspot Draws In Another Big Oil Player
Shale Hotspot Draws In Another Big Oil Player The oil price crash that destroyed a lot of smaller oil producers has not spared the finances of even the oldest and largest oil companies. Trying to keep the precious dividends intact and growing, Big Oil is focusing on cost control and cash preservation, and has effectively […]
Oil Rigs Rise For 12 Straight Weeks; Threaten Oil Price Recovery
Oil Rigs Rise For 12 Straight Weeks; Threaten Oil Price Recovery For the 12th week in a row, the number of US oil rigs rose (up another 10 to 672 – the highest since September 2015). US Crude production continues to track the lagged rig count, pouring more cold water on OPEC’s production cut party. […]
