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Tag Archives: oil prices
World Crude Oil Production and the Oil Price | FRACTIONAL FLOW
World Crude Oil Production and the Oil Price | FRACTIONAL FLOW. In April 2012 I published this post about World Crude Oil Production and the Oil Price (in Norwegian)which was an attempt to describe the developments in the sources of crude oils (including condensates), tranches of total life cycle costs (that is [CAPEX {inclusive returns} + OPEX] […]
OPEC Head Tells Oil Market to Stop Panicking About Prices – Bloomberg
OPEC Head Tells Oil Market to Stop Panicking About Prices – Bloomberg. Everyone in the oil market should stop panicking because crude supply and demand will return to equilibrium, OPEC’s Secretary-General said. Members of OPEC, who pump about 40 percent of the world’s oil, aren’t waging a price war and haven’t demanded an emergency response […]
Peak Oil: Same Nonsense, Different Day Pt 2 – Peak Oil Matters
Peak Oil: Same Nonsense, Different Day Pt 2 – Peak Oil Matters. This is a follow-up to my most recent post, in which I offered a few observations on commentary attempting to debunk the concept of peak oil courtesy of this recent article by John Kemp. [Quotes here are from the Kemp article unless noted otherwise.] Economist James Hamilton, […]
Why Oil Prices Are About To Settle
Why Oil Prices Are About To Settle. If you are paying attention, you will be aware that oil prices have been falling dramatically since the end of June, losing over 20 percent from the highs at that time. This is bad news for investors in the energy sector and for the companies that produce the […]
Andrew Nikiforuk Breaks Down the Global Oil Price Slump | The Tyee
Andrew Nikiforuk Breaks Down the Global Oil Price Slump | The Tyee. The dramatic slump in global oil prices has, as usual, caught governments, industry and markets off guard. In fact, Brent oil prices, a global standard, have dropped by 25 per cent since last June. Given the chaos in Iraq, Syria, Libya and the […]
RESOURCE CRISIS: Oil prices keep going down, but this is not good news
RESOURCE CRISIS: Oil prices keep going down, but this is not good news. There is plenty of movement in the oil world: after five years of relatively stable prices, the legendary“barrel” is coming down from over $ 100 to under 90, and it looks like it will keep falling. What’s happening?Has anyone found new resources? Or is it Saudi Arabia using the “oil weapon” to bring down Russia, the heir of the old “evil empire”? In reality, […]
Falling Coal Prices Wreaking Havoc With Corporate Balance Sheets
Falling Coal Prices Wreaking Havoc With Corporate Balance Sheets. The slide in oil prices has raised speculation that oil companies in the U.S. could be forced to cut back on production, but a market slump in another commodity is also putting pressure on producers. Coal markets are currently experiencing a supply glut that is showing […]
Saudi Arabia Surprises Market With Supply Cut Announcement, Oil Jumps | Zero Hedge
Saudi Arabia Surprises Market With Supply Cut Announcement, Oil Jumps | Zero Hedge. Saudi Arabia, it appears, had enough of shooting itself in the foot for its American ‘partners’, and has admitted for the first time that it slashed supply in September. As Bloomberg reports, OPEC’s biggest producer cut supply to mkt by 328k b/d in […]
Plunging oil prices a game-changer for major pipeline projects | Jeff Rubin
Plunging oil prices a game-changer for major pipeline projects | Jeff Rubin. A sharp correction in oil prices is putting the debate around major pipeline projects, such as Keystone XL, into a more nuanced light. Part of the impetus behind constructing new pipelines to carry bitumen from northern Alberta to the U.S. Gulf Coast, Kitimat […]
Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil | Zero Hedge
Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil | Zero Hedge. With the US Shale Oil industry up in arms, Venezuela screaming, and Russia awkwardly quiet (as the Ruble slides with the falling oil price stabilizing domestic inflows), the ‘secret’ Saudi-US oil dealthat pressured prices for crude down to $80 (18-month lows today) has ‘hurt’ a […]
Low Oil Prices Hurting U.S. Shale Operations
Low Oil Prices Hurting U.S. Shale Operations. Slumping oil prices are putting pressure on U.S. drillers. The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of […]
How will Saudi Arabia respond to lower oil prices? | Econbrowser
How will Saudi Arabia respond to lower oil prices? | Econbrowser. Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production. I say, don’t hold your breath. When oil demand fell in the 1981-82 recession, the […]
‘Saudi policy of downplaying oil prices to backfire on them’ — RT Op-Edge
‘Saudi policy of downplaying oil prices to backfire on them’ — RT Op-Edge. Saudi Arabia wants to use lower oil prices to pressure Russia to change its stance on Syria, to antagonize Iran, and to force US shale gas out of the market, roving correspondent for the Asia Times Pepe Escobar told RT. RT: Russia’s economy […]
“Omenland” | KUNSTLER
“Omenland” | KUNSTLER. Did a few loose strands of Ebola seep into the organs and tissues of global finance last week? The US equity markets sure enough puked, the Nikkei bled out through its eyeballs, all the collagen melted out of Greek bonds, and treasuries bloated up grotesquely on a putrid stream of terrified “liquidity” […]
Peak oil review – Oct 20
Peak oil review – Oct 20. 1. Oil and the Global Economy Oil prices continued to fall through Thursday when New York futures traded below $80 a barrel and London as low as $82.60. Prices then rebounded to close Friday at $82.75 in NY and $86.15 in London. As has been the case for several weeks, the 25 percent […]
