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Tag Archives: oil supply
Oil Production Vital Statistics April 2018
Oil Production Vital Statistics April 2018 On the World stage, momentous events are unfolding. The USA, UK and France have bombed Syria risking confrontation with Russia. The Israelis are more than a little concerned about Iranian involvement in Syria. And on the Korean peninsula, peace between N and S is on the cards spreading prosperity […]
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 […]
A Crisis At The Heart Of U.S. Shale
A Crisis At The Heart Of U.S. Shale The bottlenecks in the Permian are starting to capture the attention of the oil market, raising the prospect that U.S. shale production does not live up to the hype. The frenzy in West Texas has predictably led to bottlenecks up and down the supply chain. Oil drillers […]
The World Oil Supply is Infinite: I Know That Because I Believe It
The World Oil Supply is Infinite: I Know That Because I Believe It Earth scientists have been making the case for years that the present level of human activity is not sustainable. We’re rapidly depleting resources, degrading ecosystems, altering the atmosphere, etc. What earth scientists are saying is generally not covered by the mainstream media, […]
By 2020 it may be clear to everyone that oil decline has begun
By 2020 it may be clear to everyone that oil decline has begun Preface. There are two parts to Dittmar’s study. The first one concerns production, based on the most recent years of oil production. Dittmar found a strong pattern of oil decline after the plateau of 3% a year for five years, followed by […]
Is The Oil Glut Set To Return?
Is The Oil Glut Set To Return? For the second month in a row, the IEA has poured cold water onto the oil market, publishing an analysis that suggests 2018 could hold some bearish surprises for crude. The IEA’s December Oil Market Report dramatically revises up the expected growth of U.S. shale, which goes a […]
Does the IEA try to hide the conventional crude oil peak in its 2017 World Energy Outlook?
Does the IEA try to hide the conventional crude oil peak in its 2017 World Energy Outlook? In this post we look at crude oil production in the World Energy Outlook released in November 2017 Fig 1: WEO 2017 oil supply Note that the 5 year interval table omits 2005 and 2010. Is this to conceal […]
OPEC Extension Sends Oil Prices Soaring
OPEC Extension Sends Oil Prices Soaring Oil markets’ initial reaction to yesterday’s OPEC news was rather dull, however oil prices saw a sharp spike on Friday morning as the bulls returned to the mix. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) OPEC followed through […]
OPEC Agrees To Extend Oil Supply Cuts Until End Of 2018: Bloomberg
OPEC Agrees To Extend Oil Supply Cuts Until End Of 2018: Bloomberg With OPEC delegates sequestered in a Vienna conference room, as they negotiate the proposed 6-9 month production cut extension, at least one appears to be leaking the decision process to media outlets, because moments ago Bloomberg reported that OPEC ministers have agreed to […]
Norway Unfazed By Peak Oil Concerns
Norway Unfazed By Peak Oil Concerns When crude oil demand will peak is anyone’s guess. Forecasts vary widely. Wood Mackenzie says that peak demand is “very real,” and sees a decline of 4 million bpd between 2020 and 2035. Other majors including BP and Total SA see peak demand as coming between 2025 and 2040, as a result of […]
OPEC Boosts Oil Demand Estimates, Admits Oil Prices Can’t Rise Above $55
OPEC Boosts Oil Demand Estimates, Admits Oil Prices Can’t Rise Above $55 In its latest OPEC Monthly Oil Market Report (October) the oil cartel has increased its oil demand estimates for 2017, 2018 on strengthening world economy, and weaker outlook for supplies from its rivals. Specifically, OPEC forecasts that based on the current global oil […]
Bill Blain: “Oil Could Change Everything”
Bill Blain: “Oil Could Change Everything” Blain’s Morning Porridge: A Short Distraction In The Oil Market Did I detect a distinct change in the market wind yesterday? There is a new freshening blow out the East. It feels like the world is changing: a slide in tech stocks and a wobble in sentiment, stronger oil […]
