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Tag Archives: oil price
Cold Shoulder For Russia Could Hint At OPEC Decision June 5th
Cold Shoulder For Russia Could Hint At OPEC Decision June 5th Before the November 2014 OPEC meeting in Vienna, the head of Russia’s state-owned oil company Rosneft flew to Vienna to meet with OPEC members. The meeting demonstrated Russia’s interest in stopping oil prices from falling further, as it pushed OPEC to cut back on oil […]
Drilling Efficiency To Keep Oil Prices Low
Drilling Efficiency To Keep Oil Prices Low Economics 101 tells us that prices in a free market are set by the interaction of supply and demand. The world oil markets have gotten a graphic lesson in that truth over the last year, as the dramatic surge in US oil production has met stagnant demand. This, […]
What Does Exxon Know That We Don’t?
What Does Exxon Know That We Don’t? Forecasts from the IEA and Goldman Sachs this week are trying to say that crude barrels are still overpriced – but the market isn’t listening. I’ve been convinced that crude prices above $60 are counterproductive as Goldman said in their recent note – but other factors are continuing […]
OPEC Struggling To Keep Up The Pace In Oil Price War
OPEC Struggling To Keep Up The Pace In Oil Price War Some market watchers, such as Cornerstone Analytics (CA), have consistently stated that the underestimation of demand, coupled with over-estimation of supply, will mask the growing call on OPEC oil in the second half of this year. CA recently noted that global demand outstripped supply […]
Oil Prices Will Fall: A Lesson In Gravity
Oil Prices Will Fall: A Lesson In Gravity The oil price collapse is not over yet. It is more likely that the Brent price could fall back into the mid-$50 range than that it will continue to rise toward $70 per barrel. That is because oil prices have risen based on sentiment alone. The fundamentals […]
Bank of America forecasts another rate cut in Canada
Bank of America forecasts another rate cut in Canada Gloomy outlook for Canadian economy sees loonie pushed to 73 cents Bank of America, one of the U.S.’s biggest banks, says the Bank of Canada may have to cut its key lending rate again later this year. Bank of America says Canada’s economy will underperform the […]
The US-Saudi war with OPEC to prolong oil’s dying empire
The US-Saudi war with OPEC to prolong oil’s dying empire Whoever controls the price of oil can play god with the global economy – that’s why the US and Saudi Arabia are leading the way to smash OPEC and re-create a new global oil cartel “No one can set the price of oil,” said Saudi oil minister […]
Global oil glut grows to 2 million barrels a day as OPEC pumps more
Global oil glut grows to 2 million barrels a day as OPEC pumps more International Energy Agency predicts oversupply of refined fuel, but points to rising demand Fresh data on worldwide crude production shows the global glut of oil is growing with Saudi Arabia’s production near record highs, according to the International Energy Agency. And […]
Saudi Arabia Continues To Turn Screws On U.S. Shale
Saudi Arabia Continues To Turn Screws On U.S. Shale Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers. According to OPEC’s latest monthly oil report, Saudi Arabia boosted its oil output to 10.31 million barrels per day in April, a slight increase over the previous month’s total of 10.29 million […]
How Much Longer Can The Oil Age Last?
How Much Longer Can The Oil Age Last? History has been so fascinated with oil and its price movements that it is indeed hard to imagine our future without oil. Over the last few months, we have witnessed how oil prices have fluctuated from a 6 year low level of $42.98 per barrel in March […]
“Motherfrackers” and Big Oil Hypesters
“Motherfrackers” and Big Oil Hypesters Forbe’s contributor Christopher Helman has always been an unapologetic supporter of shales. For instance, only last September he wrote a piece entitled “America’s Energy Outlook is Fracking Great, For Now”. Never mind that oil prices had begun their downward spiral three months prior to this statement. Never mind that every shale […]
Oil Price Recovery May Be Too Much Too Soon
Oil Price Recovery May Be Too Much Too Soon Oil prices have hit their highest levels in 2015, with WTI surging above $60 per barrel. Crude oil inventories in the U.S. declined for the first time since December 2014, perhaps indicating that the glut could be easing. The EIA reported that oil stockpiles fell by 3.9 million […]
Oil rally makes loonie world’s strongest currency this quarter, BMO says
Oil rally makes loonie world’s strongest currency this quarter, BMO says Canadian dollar over 83 cents US Tuesday, up from 78 cents 6 weeks ago After cratering along with the price of oil in January, the Canadian dollar has quietly been mounting a rally and is now the world’s best-performing major currency in the past […]
Changes to Total Global Credit Affects The Oil Price
Changes to Total Global Credit Affects The Oil Price In some posts on Fractional Flow I have presented some of my explorations of any relations between the oil price, changes to global total credit/debt and interest rates. My objective has been to gain and share some of my insights of how I see the economic undertows […]
This Week In Energy: Geopolitical Triggers Could Spur More Price Volatility
This Week In Energy: Geopolitical Triggers Could Spur More Price Volatility Tensions heated up in the Persian Gulf this week after Iran fired upon and seized a cargo ship near the Straits of Hormuz. Considered to be the most strategic and vital chokepoint for global oil trade, the narrow stretch of water is regularly patrolled […]
