{"id":7391,"date":"2015-04-18T07:05:59","date_gmt":"2015-04-18T12:05:59","guid":{"rendered":"http:\/\/olduvai.ca\/?p=7391"},"modified":"2015-04-18T07:05:59","modified_gmt":"2015-04-18T12:05:59","slug":"the-latest-media-attempts-to-suppress-oil-prices","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=7391","title":{"rendered":"The Latest Media Attempts To Suppress Oil Prices"},"content":{"rendered":"<h3><a href=\"http:\/\/oilprice.com\/Energy\/Oil-Prices\/The-Latest-Media-Attempts-To-Suppress-Oil-Prices.html\" target=\"_blank\">The Latest Media Attempts To Suppress Oil Prices<\/a><\/h3>\n<p>It started with the Iranian supply overhang and has grown louder by the day in the media. While we were all supposed to be cowering in fear at the 1MB\/D that would be coming from Iran any day, it emerged instead that not only is the deal in doubt, as the only real agreement was to agree to say there was an agreement, but any such additional supply won\u2019t occur imminently. Far from it.<\/p>\n<p>That sanctions will only be lifted through intensive verification is now the reality and this process will take time. And even that isn\u2019t fully agreed upon as we now learn. Be that as it may, we wake up yet again with more evidence that the Cushing cries have all but died and now shifted to the forward curve which has flattened. This is the normal course after a price collapse as the market begins to gain confidence that it will rebalance soon.<\/p>\n<p>Hedging by producers is now also playing a role as the financially strapped ones are pressuring prices to lock in whatever little profit they have, ahead of the October credit redetermination, in order to preserve liquidity. A further source of pressure is articles now seeping out at an increasing rate in the media regarding OPEC increasing production (which only appears as a response to much higher than anticipated demand, disproving what the same media asserted months ago). OPEC\u2019s strategy will most likely be short-lived but now, if one can believe it, we\u2019re supposed to buy the latest \u201cworrying news\u201d of rig counts increasing?<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p><b>\u00a0<\/b><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Latest Media Attempts To Suppress Oil Prices It started with the Iranian supply overhang and has grown louder by the day in the media. While we were all supposed to be cowering in fear at the 1MB\/D that would be coming from Iran any day, it emerged instead that not only is the deal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[441,512,1426,592,596,600,655,3450],"class_list":["post-7391","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-iran","tag-media","tag-misinformation","tag-oil-price","tag-oil-supply","tag-opec","tag-propaganda","tag-us-oil-rig-count"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7391"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7391\/revisions"}],"predecessor-version":[{"id":7392,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7391\/revisions\/7392"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}