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OPEC Scrambles To Justify Output Cuts
OPEC Scrambles To Justify Output Cuts Oil inventories are approaching the five-year average level in OECD countries, the all-important threshold for “re-balancing” the oil market. A year and a half on from OPEC’s original deal to limit output, the surplus oil stashed in storage tanks around the world are nearly back to average levels. However, […]
Trump’s Trade Wars Could Spark A Massive Drop In Oil
Trump’s Trade Wars Could Spark A Massive Drop In Oil Today, I am breaking with two of my rules in writing these pieces. I generally try to steer clear of politics and to avoid being alarmist or overly sensational. What has forced me to ignore both rules is the announcement on Thursday by Donald Trump […]
Oil Market Fears: War, Default And Nuclear Weapons
Oil Market Fears: War, Default And Nuclear Weapons The U.S. is one of the few areas of the world in which there is an energy investment boom underway, a development that could smooth out the uncertainties of geopolitical events around the world. At the same time, outside of the U.S., there is a deterioration of […]
Oil Market On Edge Following Outages
Oil Market On Edge Following Outages Several key outages have left the oil markets anxious despite a promising start to the week. Analysts are keeping a close eye on both Nigeria and Venezuela as political instability threatens to impact supply further. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) – Brazil’s oil production […]
Half A Million Bpd At Risk From Geopolitical Firestorm
Half A Million Bpd At Risk From Geopolitical Firestorm It’s been a long time since geopolitical developments caused major movements in the oil price, but the escalating tension between the U.S. and Iran, combined with the sudden military clashes in Iraq, has pushed geopolitical risk back on to the agenda for the oil market. “Geopolitical […]
Just How Big Is The Oil Market?
Just How Big Is The Oil Market? Big Oil The Oil Market Is Bigger Than All Metal Markets Combined Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth. Without it, modern transportation as we know it would not be possible. Industries such as aviation, […]
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 […]
Oil Prices Fall Fast On Huge Inventory Build
Oil Prices Fall Fast On Huge Inventory Build Two hundred and twenty-two years after Josiah G. Pierson patented the rivet machine, and the oil market remains as riveting as ever. (I’m here all week, folks). After yesterday’s API report gave a flourishing hat-tip towards a large build to crude stocks and a large draw to […]
Why Saudi Arabia Has No Intention To End The Oil Glut
Why Saudi Arabia Has No Intention To End The Oil Glut In the geopolitical and oligopolistic global oil market, purely financial supply and demand has often been a secondary force, acting when it is allowed to act. It is the strategic behavior of the producing titans, not their talk or the slow-motion supply-demand balance, which […]
Petro Currencies Under Fire As Oil Keeps Sliding
Petro Currencies Under Fire As Oil Keeps Sliding Low oil prices put pressure on the budgets of major oil producing countries in 2015, but the next domino to fall could be their currencies. Petro-economies with flexible exchange rates have already seen double-digit declines in the value of their currencies over the past year, in percentage […]
Saudis Bring Oil War To Europe With Largest Price Discount Since 2009
Saudis Bring Oil War To Europe With Largest Price Discount Since 2009 With oil exports to Europe having slipped from 13% of Saudi’s total to just 10% in the last six months, The FT reports, the de facto leader of OPEC has slashed its Official Selling Price (OSP) to Europe in an effort to regain market share. Saudi lowered […]
Price Manipulation In The Oil Markets?
Price Manipulation In The Oil Markets? According to Reuters, Arcadia Petroleum Ltd, and its Parnon Energy unit have settled a $16.5 million civil suit filed against them for manipulating futures prices. This comes after a prior settlement with the US Commodities Futures Trading Commission whereby both entities were banned for trading futures for three years. […]
