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Could Oil Hit $100?
Could Oil Hit $100? Oil prices have continued their climb following a week of bullish news, and with geopolitical tensions reaching a boiling point, prices are poised to head even higher. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, May 11, 2018 Iran continues […]
How Much Iranian Oil Can Trump Disrupt?
How Much Iranian Oil Can Trump Disrupt? Oil prices surged following President Trump’s withdrawal from the Iran nuclear deal. So, what happens next? Trump did not offer any new justification for how Iran was violating the nuclear accord – the IAEA confirmed on May 9 that Iran is in compliance with its nuclear commitments – […]
Oil Market Volatility Set To Soar This Month
Oil Market Volatility Set To Soar This Month After two months of an almost uninterrupted increase, crude oil is set for even more volatility on a string of political events that could see it either touch US$80 or even higher by the end of June or, conversely, slump to deep lows again. President Donald Trump […]
The Future Of U.S. Oil Relies On A Single Play
The Future Of U.S. Oil Relies On A Single Play U.S. oil production recently broke another record, jumping to 10.619 million barrels per day (mb/d) in the last week in April, and the sky seems to be the limit for U.S. shale drillers. However, the fate of U.S. oil, and ultimately a large slice of […]
Why Russian Gas Is Critical For The UK
Why Russian Gas Is Critical For The UK Although some companies have learned to ride the waves of geopolitics quite efficiently, still in most cases political tensions only complicate the dealings of energy companies. The Skripal poisoning case has driven a massive political wedge between the United Kingdom and Russia (nations whose relations are historically […]
Ex-Venezuela Oil Boss: PDVSA Is Collapsing
Ex-Venezuela Oil Boss: PDVSA Is Collapsing The man who ran Venezuela’s state oil company PDVSA for a decade after 2004 says that the country’s oil firm is on the cusp of total collapse and expects oil production to drop by 600,000 bpd each year amid lack of investment. Rafael Ramirez, who has long been a […]
Never Trust A Banker About Oil Prices
Never Trust A Banker About Oil Prices In recent weeks I’ve commented on the powerful bullish forces that have combined in oil and oil stocks and your need to increase your exposure to them. So, before going on to other topics, this has to be the start of any column until further notice, despite the […]
Eight Geopolitical Risks That Could Send Oil Prices Surging
Eight Geopolitical Risks That Could Send Oil Prices Surging The geopolitical risk premium has taken center stage as one of the key drivers of oil prices in recent months, often trumping fundamentals to send prices soaring on concerns about where the next sudden oil supply disruption would come from. In recent weeks, a perfect storm […]
Will Higher Oil Prices Destroy Demand?
Will Higher Oil Prices Destroy Demand? Oil prices have dipped a bit this week, but still remain at their highest levels in nearly three and a half years. The reasons are by now familiar to most readers who pay attention to the daily whims of the oil market: OPEC cuts, falling inventories, geopolitical unrest and […]
China’s Growing Oil Demand Has Created A Geopolitical Dilemma
China’s Growing Oil Demand Has Created A Geopolitical Dilemma China has become the world’s largest oil importer, and despite establishing the largely successful yuan-denominated oil futures, Beijing will have to grapple with an overlooked geopolitical and economic consequence as it seeks to quench its thirst for oil and gas. As China relies more on both […]
Catastrophic Cyberattacks Threaten Big Oil
Catastrophic Cyberattacks Threaten Big Oil There are over a million oil and gas wells in the United States. There are also several hundred thousand miles of pipelines. Digitization is on the rise in the notoriously conservative oil and gas industry as companies wake up to the cost and operational efficiency boost that sensors and algorithms […]
China’s Oil Futures Are Gaining Momentum
China’s Oil Futures Are Gaining Momentum China’s new oil futures contract is gaining some momentum as a fixture on the global oil market, although hurdles remain before it can become a key benchmark for Asia. China launched its yuan-denominated oil benchmark in March to much fanfare, after years of planning and delays. The logic of […]
Can India Break Its Oil Addiction?
Can India Break Its Oil Addiction? India is one of the world’s largest oil consumers, accounting for around 4 percent of global consumption. Only the U.S. and China outrank India in this regard, making it a key player in the oil market. While India’s oil consumption has seen remarkable growth in the past few years, […]
Expect Much Tighter Oil Markets
Expect Much Tighter Oil Markets As oil prices hover close to multi-year highs, Saudi’s Oil Minister has hit the wires saying that OPEC ‘shouldn’t be complacent and listen to some of the noise such as mission accomplished‘ . Just as we learned earlier in this economic cycle via ‘don’t fight the Fed’, we too should […]
Goldman: Oil Demand Will Continue To Soar
Goldman: Oil Demand Will Continue To Soar Oil demand is growing, and production is falling. This is the message we have been receiving for a few weeks now with increasingly frequency, especially after OPEC’s leader Saudi Arabia admitted it would like oil prices even higher than US$70. Like a genie from a lamp, the market […]
