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Tag Archives: crude oil
2-Mile Long Stretch Of Iraqi Oil Tankers Bound For U.S. Shores
2-Mile Long Stretch Of Iraqi Oil Tankers Bound For U.S. Shores After some initial excitement, November has seen crude oil prices collapse back towards cycle lows amid demand doubts (e.g. slumping China oil imports, overflowing Chinese oil capacity, plunging China Industrial Production) and supply concerns (e.g. inventories soaring). However, an even bigger problem looms that […]
The Biggest Threat To Oil Prices: 2-Mile Long Stretch Of Iraq Oil Tankers Headed For The U.S.
The Biggest Threat To Oil Prices: 2-Mile Long Stretch Of Iraq Oil Tankers Headed For The U.S. After some initial excitement, November has seen crude oil prices collapse back towards cycle lows amid demand doubts (e.g. sllumping China oil imports, overflowing Chinese oil capacity, plunging China Industrial Production) and supply concerns (e.g. inventories soaring). However, […]
Venezuela Default Countdown Begins: After Selling Billions In Gold, Caracas Raids $467 Million In IMF Reserves
Venezuela Default Countdown Begins: After Selling Billions In Gold, Caracas Raids $467 Million In IMF Reserves In late October, when describing Venezuela’s desperate steps to keep itself afloat for a few more months, we reported that in order to fund $3.5 billion bond payments in early November, Maduro’s government had engaged in something that is the very […]
Amnesty International: Shell’s Claim Of Clean Up In Nigeria “Blatantly False”
Amnesty International: Shell’s Claim Of Clean Up In Nigeria “Blatantly False” A new report from Amnesty International alleges that Royal Dutch Shell did not, in fact, clean up its oil spills in Nigeria despite company claims that the task was completed. Shell is the largest oil company to operate in the Niger Delta, with over 5,000 kilometers […]
Forget China: This Extremely “Developed” Country Just Suffered Its Biggest Money Outflow Ever
Forget China: This Extremely “Developed” Country Just Suffered Its Biggest Money Outflow Ever While understandably all eyes have been fixed on every monthly capital outflow update from China (even the ones that the Politburo is clearly massaging), few have noticed that one of the biggest total outflows currently in the global developed economy is taking place right in America’s own […]
Saudi, US Oil Inventories Hit Record High as Demand Fizzles
Saudi, US Oil Inventories Hit Record High as Demand Fizzles The amount of oil in storage globally, not including the various “strategic petroleum reserves” in the US, China, Europe, Japan, and other locations, has grown to staggering proportions this year, as oversupply drowns out tepid demand. In the US, oil storage is seasonal. A big […]
Saudis Poke The Russian Bear, Start Oil War In Eastern Europe
Saudis Poke The Russian Bear, Start Oil War In Eastern Europe Any weakening of Russian support for Mr. Assad could be one of the first signs that the recent tumult in the oil market is having an impact on global statecraft. Saudi officials have said publicly that the price of oil reflects only global supply […]
River Supplying Water To Alberta Oil Sands Operations At Risk From Drought
River Supplying Water To Alberta Oil Sands Operations At Risk From Drought A new study casts doubt on the long-term ability of the Athabasca River to supply the water Alberta’s oil sands industry relies on. Water is allocated to oil sands operations based on river flow data collected since the 1950s, but that doesn’t necessarily […]
How Big an Oil Glut is There Really?
How Big an Oil Glut is There Really? Revisiting Crude Oil Beginning in late August we have frequently discussed the possibility that a significant low in crude oil prices could be imminent in spite of the “obvious” lousy fundamentals. As blind luck would have it, the first of these articles (entitled “Is Crude Oil Close to a Low?”) was […]
Pre-emption: How and Why Rail Companies Are Above The Law
Pre-emption: How and Why Rail Companies Are Above The Law CSX is one of the major rail companies that is profiting from the oil-by-rail boom led by North Dakota’s Bakken crude oil. On September 28th, a day that is apparently national “good neighbor day,” CSX broadcast the following message on Twitter. Which is a nice message. But CSX and the rest of the rail […]
What’s The Worst That Could Happen?
What’s The Worst That Could Happen? Via ConvergEx’s Nicholas Colas, The 30 stocks of the Dow Jones Industrial Average currently trade for an average of 14.8x next year’s consensus earnings. But… Everyone knows Wall Street analysts are always too optimistic, so what if we just look at the lowest estimate for each company? That “Worst Case […]
Crude Oil – a “Ray of Hope”
Crude Oil – a “Ray of Hope” Why Technical Developments Shouldn’t be Ignored This is a little addendum to our recent comments on the crude oil market (which you can see here, here andhere, in chronological order). Apparently Goldman Sachs just published a research report calling for $20 oil – which strikes us as a bookend to their infamous $200 […]
Jeffrey Brown: To Understand The Oil Story, You Need To Understand Exports
Jeffrey Brown: To Understand The Oil Story, You Need To Understand Exports Peak Oil is very much alive Despite the attention-grabbing economic volatility that is grabbing headlines, it’s important to keep our eye on the energy story firmly in focus. This is especially true as the headlines we regularly read about Peak Oil being dead […]
