Category: Crude Oil
The analysis published under this category are as follows.
Saturday, December 04, 2010
California Consumes More Oil Than China: Fact or Market Manipulation? / Commodities / Crude Oil
By: Dian_L_Chu
In this clip dated Nov. 17, CNBC's Sharon Epperson quoted an analyst's note from HSBC pointing out that California currently consumes more crude oil than China. As I do not have a copy of the HSBC report, and therefore cannot verify how the conclusion was reached; however, it is hard for me to fathom California even belongs in the same sentence with China on any economic measures. Read full article... Read full article...
Friday, December 03, 2010
The Shale Oil Revolution, Pushing the Boundaries / Commodities / Crude Oil
By: The_Energy_Report
Junior oil and gas companies are snatching up land surrounding the Bakken formation, pushing its boundaries further and further into Canada and the U.S. In this exclusive interview, Keith Schaefer, publisher of the Oil and Gas Investment Bulletin, tells The Energy Report which companies have the property and technology to profit from this ever-expanding frontier.
The Energy Report: Keith, the Oil and Gas Investment Bulletin primarily covers the Canadian oil and gas (O&G) industries. What's newsworthy north of the border right now for our U.S. readers?
Monday, November 29, 2010
Middle East Crude Oil About to Catch Fire! / Commodities / Crude Oil
By: Bari_Baig
Crude finds itself at a bid not because of the joint maritime exercises between U.S and South Korea but due to biggest tranche of documents released by Wiki Leaks. We can safely say that Middle East had this coming their way, perhaps because everyone has almost had it with the Oil’s monopoly and OPEC’s Cartel. Who then suffers the most with the latest documents released pertinent to Middle East? The Middle East itself! The recent release of secret documents carrying sinister views of variety of leaders about their neighbors appears to be an attempt to induce a paradigm shift in Iranian foreign policy for shifting their focus from USA to the foes closer at hand then as previously perceived by them.
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Monday, November 29, 2010
Thailand Joins Asian Rush For Canadian Oil Sands / Commodities / Crude Oil
By: Money_Morning
Don Miller writes:
Thailand last week joined the crush of Asian countries rushing to acquire a stake in Canada's giant oil sands projects when its PTT Exploration & Production Public Co. Ltd. (OTC ADR: PEXNY) agreed to buy 40% of Statoil ASA's (NYSE ADR: STO) Canadian oil sands project for $2.3 billion.
PTTEP, the exploration and production unit of state-owned PTT PCL, is making Thailand's first foray into Canada's oil sands, the largest source of crude oil outside the Middle East.
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Monday, November 22, 2010
Energy Tells Tale of Fading West, Booming East / Politics / Crude Oil
By: OilPrice_Com
The patient is the United States and the diagnosis is "Asia shock."
It is a psychological disease with physical symptoms and no known cure. However there are therapies, therapies of trade, diplomacy and fiscal restraint at home.
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Sunday, November 14, 2010
Energy Sector Outlook Positive for Investors / Commodities / Crude Oil
By: Joseph_Dancy
Trends in the energy sector remain positive. We think current conditions and trends have created one of the best investment environments for us in years:
EIA Demand Forecast - Last month the International Energy Agency (IEA) raised its 2010 global oil demand forecast upward, to 86.9 million barrels per day from 86.6 million barrels per day. This will be an increase of 2.0 million barrels per day over year earlier levels.
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Saturday, November 13, 2010
Panic Time for Peak Oil Pundits / Commodities / Crude Oil
By: Dian_L_Chu
It seems the panic time for both green enthusiasts and peak oil pundits.
According to a new paper by two researchers at the University of California – Davis, it would take 131 years for replacement of gasoline and diesel given the current pace of research and development; however, world's oil could run dry almost a century before that.
Thursday, November 11, 2010
Why $100 Dollar Crude Oil Is Rational / Commodities / Crude Oil
By: Andrew_McKillop
At the present time, because "currency wars" are the new Call of Duty for finance ministers and central bankers worldwide, it could be risky to predict oil prices attaining US$ 100 a barrel before year end. If the rash of competitive devaluation and depreciation of leading moneys continues, especially the US dollar and the euro, with the Chinese Yuan still receiving the same treatment, a tilt back into global economic recession is in no way impossible. And any dip in global economic growth will slay oil prices, like other commodities and equity values. Read full article... Read full article...
Thursday, November 11, 2010
Reverse Bubbleomics: What If OPEC Figures Out Crude Oil’s Fair Price is $150? / Commodities / Crude Oil
By: Andrew_Butter
Like one of Victoria’s Dirty Secrets $150 oil is something you don’t joke about. But don’t worry; over a year ago the Saudi’s said that they thought “Fair Value” was above $75, and Lo and Behold, “Above $75” was what happened. Magic Eh!
Tuesday, November 09, 2010
Crude Oil and Natural Gas Energy Markets Elliott Wave Analysis / Commodities / Crude Oil
By: Tony_Caldaro
In recent months we have observed commodities rising in anticipation of another FED quantitative easing program. Then, last week, the FED officially announced the QE 0.6 ($trillion) program and commodities took off again. The commodity bull market continues.
Last week we watched Crude oil hit a two year high, along with Agriculture and Basic Metals, and Gold hit another all time high. When we track commodities we use the five sectors provided by the Goldman Sachs Commodity Index: energy, precious metals, agricultural, basic metals and livestock. The energy sector is our focus today. The GJX is composed of W. Texas Crude, Brent Crude, Heating Oil, Gas Oil, RBOB Gasoline and Natural Gas. We chart the GJX index, W. Texas Crude and Natural Gas. As you can observe, in the chart below, GJX is in a long term uptrend.
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Sunday, November 07, 2010
Swimming In Crude Oil? Record High Inventory Will Continue To Build / Commodities / Crude Oil
By: Dian_L_Chu
Despite the recent price surge in crude oil this week, basically going from $81.50 to $87 a barrel within this week--thanks to a Fed's QE2-induced weak dollar-- oil inventories actually added another 2 million barrels build to the current stockpiles.
These are the highest inventory levels for crude in 2010 and are just shy of the 370 million mark, which will be punctuated next week with another build in crude stockpiles. (See Stocks Chart from the U.S. EIA)
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Saturday, November 06, 2010
Crude Oil and Natural Gas Big News Stories of the Week / Commodities / Crude Oil
By: Global_Intel_Report
European Energy Consortium to Sign Turkmen Gas Deal
A consortium of two European energy companies and a financial institution are seeking to strike a major gas supply deal with Turkmenistan by the end of this month, to bring gas to Europe, bypassing Russia, which has recently experienced some disappointment in its dealings with Turkmenistan.
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Thursday, November 04, 2010
Gold’s Toxic Noose Is Untied: Next Crude Oil $150 / Commodities / Crude Oil
By: Andrew_Butter
Even a Gold Sceptic can go along with the idea that Ron Paul could buy a smart outfit with one ounce of gold in 1920 (including shoes), and that’s how much he would need in 2010.
Although by that marker he would have needed four ounces in 2007, given that the sort of tailors that Ron frequents have slashed their prices in half; and the price of gold has doubled. But that’s just splitting hairs…Big Picture, it’s not a bad storyline, and the message is that gold holds value, regardless of how insane governments get.
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Friday, October 29, 2010
Energy Bargains Ripe for the Plucking, Higher Oil Prices Dead Ahead / Commodities / Crude Oil
By: Sean_Brodrick
Ladies and gentlemen, I’ll get right to the point: The future of the western world rests on your shoulders. Oil is the lifeblood of civilization, and we are dependent on foreign sources for oil more than ever before.
More than that, many of our foreign oil suppliers hate us. The four biggest reserves of oil in the world belong to Saudi Arabia, Venezuela, Iran and Iraq. If you were putting together a Facebook page for North America, none of those characters would friend us.
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Wednesday, October 27, 2010
Crude Oil Rally Halted as U.S. Dollar Gains / Commodities / Crude Oil
By: LiveCharts
Gains in the dollar have put a brief halt in a three-day run of gains in oil prices. Benchmark crude oil scheduled for December delivery currently (October 27) trades at $81.73 in early New York NYMEX trade.
Current crude oil prices mark an 82 cent decline from Tuesday’s settle price on the New York Mercantile Exchange.
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Monday, October 25, 2010
The Myth of Peak Oil and Why Peak Oil is Overrated / Commodities / Crude Oil
By: Maninder_Batra
While the peak oil theorists keep consistently declaring that the world oil is going to peak and that society is going to collapse soon afterwards .But these peak oil theorists only consider conventional onshore oil while making their apocalyptic prophecies .but they do not consider the development of new technologies that have enabled the extraction of heavier and unconventional oils like tight oil, bitumen tar sands, extra heavy oil, oil shale.
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Friday, October 22, 2010
Crude Oil Prices Are Going Higher! Here’s Why / Commodities / Crude Oil
By: Lorimer_Wilson
Chris Mack writes: Global crude oil production has leveled off at 74 million barrels per day. However, now that economies are recovering, consumption levels are back on the rise and the result will be an inevitable rise in oil prices.
Friday, October 22, 2010
Crude Oil Topping Pattern / Commodities / Crude Oil
By: Mike_Paulenoff
Nearby oil prices look like they are carving out a top formation off of the October 7 high at $84.43. In particular, the series of lower highs on each rally since the October 8 decline is dictating the unfolding pattern.
As long as the series remains intact, the oil market will be on the defensive. That means that as long as $82.70 contains any forthcoming strength, the developing pattern will continue to put pressure on key near-term support between $79.80 and $79.25, which if violated and sustained should trigger downside acceleration towards $77.00-$76.50 next.
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Tuesday, October 19, 2010
Crude Oil and Natiral Gas prices Higher with Equities / Commodities / Crude Oil
By: LiveCharts
Surging equity markets have helped push oil prices through the $80 level. Benchmark crude oil scheduled for November delivery trades at $83.14 in early New York Mercantile Exchange trade Tuesday (October 19) morning.
Oil prices climbed firmly, by $1.83, in Monday’s trade, for a New York settle price of $83.08. Higher stock prices due to a promising round of earnings reports, along with a weaker dollar-euro ratio were seen as catalysts for the fast start to the week.
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Monday, October 18, 2010
Crude Oil at a Crossroad of Inventory and Fed’s QE2 / Commodities / Crude Oil
By: Dian_L_Chu
Oil prices have continued to soften at $82.51 a barrel for November delivery on the NYMEX Friday after a Federal Reserve Chairman Ben Bernanke’s speech sparked some uncertainty as to how far the central bank will support the economy.