Home » Posts tagged 'opec' (Page 20)
Tag Archives: opec
Oil Market Hype And Crisis Signal Greater Troubles Ahead
Oil Market Hype And Crisis Signal Greater Troubles Ahead Wednesday, 20 April 2016 02:11 Brandon Smith Most people are not avid followers of economic news, and I don’t blame them. Financial analysis is for the most part boring and tedious and you would have to be some kind of crazy to commit a large slice […]
Angola Could Be OPEC’s First Member To Fall
Angola Could Be OPEC’s First Member To Fall OPEC-member Angola, which is dependent on oil for 95 percent of its export revenues, is facing an urgent cash flow problem, and the only way out is external help as the dominoes start to fall. Angola has sought financial aid from the International Monetary Fund (IMF) to […]
Advantage U.S. In The Global Petroleum Showdown?
Advantage U.S. In The Global Petroleum Showdown? Is the crude stock data in the EIA’s Weekly Petroleum Status Report (Table 1 in the report) a useful tool for judging the prospects for the U.S. petroleum industry— and therefore for the global petroleum industry—or is it misleading? With few interruptions, U.S. crude stocks increased steadily during 2015 and […]
Saudis Retaliate To “Oil Freeze” Fallout: Ban Transport Of Iranian Crude In Territorial Waters
Saudis Retaliate To “Oil Freeze” Fallout: Ban Transport Of Iranian Crude In Territorial Waters At first, when it announced the terms of its “oil freeze” agreement with Russia one month ago, Saudi Arabia seemed willing to grant Iran a temporary exemption from the supply freeze, at least until it recovers its pre-embargo production levels. That […]
Iran Oil Minister Rejects Saudi Demand To Freeze Crude Production
Iran Oil Minister Rejects Saudi Demand To Freeze Crude Production In the aftermath of Bloomberg’s surprising Friday report, according to which Saudi Arabia flipflopped on its previous promise that it would freeze its oil output while allowing Iran to grow supply until it hit its pre-embargo peak, instead saying that it would only join the […]
Saudi Policy Tied to Weak Economy
Saudi Policy Tied to Weak Economy In recent weeks I have read many oil prognosticators theorizing what the ultimate Saudi strategy is, or what their end game might be. To recap, in mid-2014, Saudi Arabia decided to pump more oil into the market that was already starting seeing rising supply. U.S. shale was largely blamed […]
“Production Freeze” Narrative Collapses In Two Days: Russian Oil Output Hits New Post-Soviet Record
“Production Freeze” Narrative Collapses In Two Days: Russian Oil Output Hits New Post-Soviet Record How quickly the oil production freeze narrative has fallen apart. Source: stockboardasset Indeed, it’s been a tough two days for oil bulls holding on to hope that excess oil production will normalize in the near term and that the world’s oil suppliers […]
OPEC’s Doha Dilemma: 3MB/D US Lock in?
EUGEN BÖHM VON BAWERK: OPEC’S DOHA DILEMMA: 3MB/D US LOCK IN? Another month, another flight to Hamad international airport for 17th April after initial agreement to hold ‘upstream horses’ in February 2016. While it’s no doubt great fun getting back into the OPEC ‘masters of the oil universe’ routine, second time round, the stakes are rapidly […]
Peak Oil: Choosing Chaos … or Not
Peak Oil: Choosing Chaos … or Not If/when a petroleum shortage impacts it will concentrate minds wonderfully. But when it comes the window of opportunity could be brief and risky. If things deteriorate too far too fast there could easily be too much chaos for sense to prevail and for us to organize cooperative local alternative systems. […]
WTI Crude Slides Back Into Red For 2016 As The Fed And Oil Remain On Unsustainable Paths
WTI Crude Slides Back Into Red For 2016 As The Fed And Oil Remain On Unsustainable Paths Oil prices have increased 50 percent since the lows exhibited earlier this year, a rise that is largely linked to the positive market reaction to the OPEC output freeze. But WTI Crude has given up all its early […]
Shock Report: Oil Oversupply Exaggerated: Millions of Barrels Go Missing: “Oil Market Could Tighten Substantially”
Shock Report: Oil Oversupply Exaggerated: Millions of Barrels Go Missing: “Oil Market Could Tighten Substantially” You may remember that just two months ago the International Energy Agency warnedthe oil market could “drown in oversupply” in 2016. The outlook for oil, which had tumbled 75% since 2012 and hit a low of $28 per barrel by mid January, was […]
Jeff Rubin: Oil Sands Are ‘Hemorrhaging Red Ink,’ Doomed to Shutter
Jeff Rubin: Oil Sands Are ‘Hemorrhaging Red Ink,’ Doomed to Shutter Former CIBC chief economist outlines latest predictions at ‘Carbon Talks.’ Former CIBC world markets economist Jeff Rubin at SFU’s ‘Carbon Talks’ panel. On the right is Vancity’s mutual fund manager Dermot Foley. Photo by Mychaylo Prystupa. The oil sands are downsizing. Alberta’s Big Oil CEOs […]
The Fed And The Oil Markets On Unsustainable Path As Election Looms
The Fed And The Oil Markets On Unsustainable Path As Election Looms Oil prices have increased 50 percent since the lows exhibited earlier this year, a rise that is largely linked to the positive market reaction to the OPEC output freeze. That comes even as for all intents and purposes OPEC has nearly reached its […]
The Terrible Oil News Nobody Noticed
The Terrible Oil News Nobody Noticed A terrible bit of news went unnoticed in the commotion amid the modest rebound in oil prices over the past two weeks. While every news outlet shouted about Iran and OPEC, a U.S. energy icon quietly announced news that could potentially shatter the industry. As I’ve explained recently, many oil companies […]
