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Tag Archives: oil price
Saudi Arabia: the great oil game
Saudi Arabia: the great oil game Saudi Arabia just increased oil production to a record level, never reached in previous history. They are doing that in a moment of record low oil prices. What do they have in mind? (Image from Arthur Berman) When the collapse of the oil prices started, in the summer of […]
The Latest Media Attempts To Suppress Oil Prices
The Latest Media Attempts To Suppress Oil Prices It started with the Iranian supply overhang and has grown louder by the day in the media. While we were all supposed to be cowering in fear at the 1MB/D that would be coming from Iran any day, it emerged instead that not only is the deal […]
Is Saudi Arabia Setting The World Up For Major Oil Price Spike?
Is Saudi Arabia Setting The World Up For Major Oil Price Spike? In order to maintain a grip on market share by pushing U.S. shale producers out of the market, Saudi Arabia (and OPEC) is willing to use up its spare capacity. That could lead to a price spike. Saudi Arabia produced 10.3 million barrels per day […]
Oil prices: A bear and a bull on the rally
Oil prices: A bear and a bull on the rally The price of oil has been rising for more than a week. What gives? The price of oil has been heading up for eight trading sessions, raising the hopes of energy companies, investors and the whole province of Alberta. But is this rally the real […]
Latest EIA Predictions Should Be Taken With More Than A Pinch Of Salt
Latest EIA Predictions Should Be Taken With More Than A Pinch Of Salt The U.S. government released its landmark Annual Energy Outlook on April 14, with some rather bold predictions about the future of oil and gas. The EIA released the 2015 edition of its report at a Washington conferencehosted by the Center for Strategic and International Studies. […]
Oil Market Knee-Jerk Reaction To Nuclear Deal Unjustified
Oil Market Knee-Jerk Reaction To Nuclear Deal Unjustified A group of exhausted diplomats did the unthinkable. The P5+1 countries and Iran came to a massive and historic framework agreement over Iran’s nuclear program, paving the way for a final deal to be hashed out before the real deadline in June. Negotiations went past the self-imposed […]
This Is What Will Determine If Oil Prices Go Up Or Down
This Is What Will Determine If Oil Prices Go Up Or Down It appears as if oil prices could be on the verge of a rebound, with new data showing that the U.S. oil patch is hitting an inflection point. While specific shale regions – such as North Dakota’s Bakken and Texas’ Eagle Ford – have posted […]
Impending Iran Deal Could Crush Current Rally
Impending Iran Deal Could Crush Current Rally The headline for the week was Saudi Arabia’s attack on rebels in Yemen, which threatens to ignite tensions between regional rivalries in the Middle East. The proximate cause was the advance by Houthi rebels on Aden where the Yemeni President is located. Saudi Arabia spent several weeks secretly reaching […]
Goldilocks Is Dead
Goldilocks Is Dead Five years ago I wrote an article for Reuters titled “Goldilocks and the Three Fuels.” In it, I discussed what I call the Goldilocks price zone for oil, natural gas, and coal, a zone in which prices are “just right”—high enough to reward producers but low enough to entice consumers. Ever since […]
From Bubble-Blower To Energy Expert, Alan Greenspan Warns “Oil Hasn’t Bottomed Yet”
From Bubble-Blower To Energy Expert, Alan Greenspan Warns “Oil Hasn’t Bottomed Yet” Having recently explained why the stock market is extremely overvalued (in his own words by Fed-driven multiple expansion alone), Alan Greenspan – seemingly brimming over with the need to remedy his years of lies/mistruths with some uncomfortable truthiness – is now taking on the […]
Get Ready for Oil Deals: Shale Is Going on Sale
Get Ready for Oil Deals: Shale Is Going on Sale (Bloomberg) — A decision by Whiting Petroleum Corp., the largest producer in North Dakota’s Bakken shale basin, to put itself up for sale looks to be the first tremor in a potential wave of consolidation as $50-a-barrel prices undercut companies with heavy debt and high […]
The oil glut and low prices reflect an affordability problem
The oil glut and low prices reflect an affordability problem For a long time, there has been a belief that the decline in oil supply will come by way of high oil prices. Demand will exceed supply. It seems to me that this view is backward–the decline in supply will come through low oil prices. The […]
Oil Price Faces Another 20% Drop Due To Contango Math
Oil Price Faces Another 20% Drop Due To Contango Math Want to know where oil prices are headed? You need to understand the economics of the floating storage play, Soc Gen says. As we noted on Friday, retail investors looking to be the next Jed Clampett have piled into the U.S. Oil fund over the past several months, […]
The Paradox of Oil: The Cheaper it is, the More it Costs
The Paradox of Oil: The Cheaper it is, the More it Costs There will be oil, but at what price? – Chris Nelder and Gregor Macdonald 1. Introduction It would be fair to say that the timing of the sudden drop in the price of oil since June 2014 took energy and financial analysts […]
This Week In Energy: Data Pointing To Another Fall In Oil Prices
This Week In Energy: Data Pointing To Another Fall In Oil Prices Oil prices have stabilized somewhat around the $60 per barrel mark, and over the past few weeks oil has shown less volatility than what we have grown used to in the preceding six or seven months. But another swoon could be just over […]
