Home » Posts tagged 'oil demand' (Page 9)
Tag Archives: oil demand
The Global Oil Supply: Implications for Biodiversity?
The Global Oil Supply: Implications for Biodiversity? The following is an overview of my recent lecture to the Linnean Society of London, which is named in honour of Carl Linneus, who among many other accolades has been described as “The father of modern taxonomy”, and is also considered as one of the founders of modern ecology. It is the world’s […]
U.S. Shale Lifelines Running Thin
U.S. Shale Lifelines Running Thin As the world heads towards the start of the winter fuel oil season, crude prices still show little sign of a sustained upward move. Instead, oil seems to be trapped in a new “normal” range of around $40 to $55 a barrel. Shale oil producers have done a remarkable job […]
Stop Blaming OPEC For Low Prices
Stop Blaming OPEC For Low Prices We are a little more than a month away from OPEC’s next meeting, which will be held in Vienna on December 4, 2015. OPEC altered the course of the oil markets last year when it decided to cast aside its traditional role of maintaining balance through production cuts. Instead […]
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 […]
Too Many Wildcards For Oil Markets To Settle Yet
Too Many Wildcards For Oil Markets To Settle Yet Could the price of oil be a value such that the current quantity produced exceeds the current quantity consumed? The answer is yes, and indeed that has been the case for much of the past year. Suppose, for illustration, that even at a price of $40, […]
Whatever Happened to Peak Oil?
Whatever Happened to Peak Oil? Whatever happened to “peak oil” – the assertion that the rate at which oil is extracted from the Earth is nearing a maximum or peak level? With falling oil and gasoline prices and a boom of new oil development in the United States and elsewhere, concern about global oil supplies […]
This Week In Energy: The Growing Threat From China
This Week In Energy: The Growing Threat From China Oil prices dropped to new six-year lows this week as WTI dipped below $42 per barrel. The big piece of news this week was the currency depreciation in China. It seems we are talking more and more these days about the warning signs coming from China’s […]
Oil storage tanks filled to levels not seen in 80 years
Oil storage tanks filled to levels not seen in 80 years U.S. oil inventories at levels not seen in at least 80 years North American oil prices could take a hit this fall as there are renewed concerns about a lack of storage capacity. A recent report by the U.S. Energy Information Agency suggests crude […]
Saudis Pump Record Crude as OPEC Sees Stronger Demand in 2016
Saudis Pump Record Crude as OPEC Sees Stronger Demand in 2016 Saudi Arabia told OPEC it raised oil production to a record as the organization forecast stronger demand for its members’ crude in 2016. Source: Bloomberg The world’s biggest oil exporter pumped 10.564 million barrels a day in June, exceeding a previous record set in […]
Bearish News For Oil Growing By The Day
Bearish News For Oil Growing By The Day Oil hit its lowest point in two months on July 1, falling on a combination of market turmoil and bearish oil figures. WTI dipped below $57 and Brent dropped to around $62 per barrel, breaking out of a narrow range within which the two benchmarks have been […]
BP Data Suggests We Are Reaching Peak Energy Demand
BP Data Suggests We Are Reaching Peak Energy Demand Some people talk about peak energy (or oil) supply. They expect high prices and more demand than supply. Other people talk about energy demand hitting a peak many years from now, perhaps when most of us have electric cars. Neither of these views is correct. The real situation […]
Gas prices ‘way beyond’ where oil rebound should have them: BMO
Gas prices ‘way beyond’ where oil rebound should have them: BMO It’s not just you: Gas prices are much higher than they should be, energy experts say Gas prices are up by more than a third since the start of the year, a figure much higher than one would expect based on the slight rebound in […]
Peak Oil: Myth Or Coming Reality?
Peak Oil: Myth Or Coming Reality? In 1956, a geoscientist named M. King Hubbert formulated a theory which suggested that U.S. oil production would eventually reach a point at which the rate of oil production would stop growing. After production hit that peak, it would enter terminal decline. The resulting production profile would resemble a […]
The Dark Side Of The Shale Bust
The Dark Side Of The Shale Bust The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Oil production in North Dakota has exploded over the last five years, from negligible levels before 2010 to well over a million barrels per day, making […]
Don’t Believe The Hype On U.S. Shale Growth
Don’t Believe The Hype On U.S. Shale Growth The OPEC Free Fall There is a popular narrative going around that I want to address in today’s article. Last November, after several months of plummeting crude oil prices, the Organization of the Petroleum Exporting Countries (OPEC) met to discuss the oil production quotas for each country […]
