Category: Crude Oil
The analysis published under this category are as follows.
Sunday, June 15, 2014
We Are So Not Prepared For Another Crude Oil Price Shock / Commodities / Crude Oil
By: John_Rubino
In one sense, energy doesn’t matter all that much to what’s coming. Once debt reaches a certain level, oil can be $10 a barrel or $200, and either way we’re in trouble.
But the cost of energy can still play a role in the timing and shape of the next financial crisis. The housing/derivatives bubble of 2006 -2008, for instance, might have gone on a while longer if oil hadn’t spiked to $140/bbl in 2007. And the subsequent recovery was probably expedited by oil plunging to $40 in 2008.
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Thursday, June 12, 2014
The World's Five Most Important Oil Fields / Commodities / Crude Oil
By: OilPrice_Com
Much has been made about the role that hydraulic fracturing – or fracking -- has played in revolutionizing the energy landscape, unlocking vast new reserves of oil trapped in shale rock. This "tight oil" is pouring into the global pool of oil supplies at a crucial time, preventing oil prices from spiking in an age of high demand and geopolitical turmoil.
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Sunday, June 08, 2014
Crude Oil Price Turns Bearish / Commodities / Crude Oil
By: Gregor_Horvat
Crude Oil has turned bearish recently, away from 104.00-104.50 resistance where we were looking for a wave (d) high. Notice that market turned nicely down, through the support channel line that confirms the bearish view for a three wave drop into wave (e) back to 100-101 area. Once those levels will be seen, we will turn bullish as big triangle since March could then be near completion. At the moment we see wave c) down in progress so triangle can already be in final stages.
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Friday, June 06, 2014
Crude Oil Prices, Opec And Other Peak Oil Stories / Commodities / Crude Oil
By: Andrew_McKillop
When In Doubt, Worry About Oil
One of the starkest oil worry pot pourri presentations – ruthlessly mingling fact, fiction and fantasy (but pretending its all fact) – can be had here http://energypolicy.columbia.edu...
Steve Kopits is the Managing Director of a known and still-in-business oil and energy forecasting firm, Douglas-Westwood. Both Kopits and D-W would appear to be (still) employable, but for how much longer we can only guess. The Kopits presentation is showcased by the Dublin sustainable economy and development firm FEASTA, with an even more ghastly presentation by David Knight called 'Peak Oil and Climate Change – Two Sides of the Same Coin?' FEASTA says that, as it perceives things, Global Warming and Peak Oil are the two largest threats to the planet, human life and civilization.
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Tuesday, June 03, 2014
Canadian Law Makes It Cheaper To Prevent Oil Sands Leaks Than Clean Them Up / Commodities / Crude Oil
By: OilPrice_Com
As the Canadian government pushes a new law rendering pipeline companies liable for all damages from leaks and spills, the only friend to both sides in this polarized world of dirty oil sands is leak prevention technology. On May 14, amid heightened opposition to two planned pipelines, Canada's Natural Resources Ministry unveiled a new law making pipeline operators liable for all the costs and damages related to oil spills, regardless of whether the operators were at fault or demonstrated negligence.
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Monday, June 02, 2014
Crude Oil Price for the Bulls or Bears? / Commodities / Crude Oil
By: Nadia_Simmons
On Friday, crude oil lost 0.61% as disappointing U.S. economic data and profit taking weighted on the price. Thanks to these circumstances, light crude declined below $103, approaching its first downside target. What’s next?
On Friday, the data showed that the Thomson Reuters/University of Michigan consumer sentiment index ticked up to 81.9, disappointing analytics expectations for a reading of 82.5. Additionally, the Commerce Department reported that personal spending in the U.S. dropped 0.1% last month, also below expectations for a 0.2% rise, while U.S. core personal consumption expenditures (without food and energy) rose 0.2% in April, in line with expectations. These disappointing data fueled worries that demand in the largest oil-consuming nation wouldn't be strong enough to reduce high supplies.
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Thursday, May 29, 2014
The Colder War and the End of the Petrodollar / Politics / Crude Oil
By: Marin_Katusa
The mainstream media are falling over themselves talking about Russia’s just-signed “Holy Grail” gas deal with China, which is expected to be worth more than $400 billion. But here’s what I think the real news is… and nobody’s talking about it—until now, that is.
China’s President Xi Jinping has publicly stated that it’s time for a new model of security, not just for China, but for all of Asia. This new model of security, otherwise known as “the new UN,” will include Russia and Iran, but not the United States or the EU-28.
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Monday, May 19, 2014
Crude Oil Price At Crossroads / Commodities / Crude Oil
By: Nadia_Simmons
On Friday, crude oil gained 0.61% as strong U.S. economic data and ongoing worries over the crisis in Ukraine weighted on the price. Thanks to these circumstances, light crude came back above $102, but does this growth change the short-term outlook for the commodity?
On Friday, better-than-expected numbers from the housing sector gave crude oil a support. The Census Bureau reported that U.S. building permits rose 8% to 1.080 million units last month (while analysts had expected an increase to 1.010 million units in April) and the Commerce Department showed that U.S. housing starts rose 13.2% last month to 1.072 million units, beating expectations of 980,000 gain (it was the largest increase in five months).
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Thursday, May 15, 2014
Crude Oil Boom Reaches Tipping Point / Commodities / Crude Oil
By: Investment_U
Sean Brodrick writes: The tsunami of U.S. petroleum production has been underway for several years, but last month it reached a tipping point.
Global oil production plunged in March thanks to steeply lower OPEC output... while America's production soared to a 26-year high.
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Monday, May 12, 2014
Breakthrough in Crude Oil Price Only A Matter Of Time / Commodities / Crude Oil
By: Nadia_Simmons
On Friday, crude oil hit an intraday high of $101.18 supported by ongoing concerns over tensions in Ukraine. Despite this improvement, the commodity reversed and lost 0.20% as weaker-than-expected economic data from China and a stronger dollar weighted on the price. Because of these circumstances, light crude erased earlier gains and temporarily slipped below the psychological barrier of $100 once again. Is it enough to trigger another sizable downswing?
Friday, May 02, 2014
The Best Way to Profit from Peak Oil / Commodities / Crude Oil
By: The_Energy_Report
The era of cheap oil is over, declares Angelos Damaskos. In this interview with The Energy Report, the principal adviser of the Junior Oils Trust says that oil will become progressively more expensive to find, with prices topping the all-time high of $147 per barrel within 10 to 20 years. He counsels that investors should avoid the majors (too stodgy) and the pure explorers (too risky) and should instead choose producers or near-producers, highlighting five companies with good reserves and room to grow.
The Energy Report: You are the principal advisor of the Junior Oils Trust. What are the advantages of junior oil companies?
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Wednesday, April 30, 2014
The Battle Between WTI and Brent - Why the Oil Price “Spread” is Getting Tighter / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes: The spread between WTI and Brent is tightening again.
What’s “the spread?”…
It’s the difference in price between what crude oil futures cost on the NYMEX in New York (the West Texas Intermediate rate) and the rate set in London (the Brent rate).
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Thursday, April 24, 2014
Slippery Oil Prices Keep Traders on their Feet / Commodities / Crude Oil
By: Submissions
Crude oil price slipped on Wednesday and came very close to reaching a two-week low after weak Chinese manufacturing data. The WTI futures contract for May sustained a loss of $2.24 per barrel after it expired on Tuesday April 22 at $102.13 from an opening price of $104.36. Brent for June was also trading low on Wednesday after it already lost 47 cents during the previous day. But the markets remain volatile as the Ukraine-Russia political tensions might cause a price rally any day.
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Sunday, April 13, 2014
Peak Oil And Global Warming – A Question Of Culture / Politics / Crude Oil
By: Andrew_McKillop
In The Beginning Was the Word
Certainly for the last 20 years these two themes have tunneled into political consciousness, but there are huge differences. Peak Oil was never “official”, but Global Warming or at least anthropogenic global warming quickly became official, in the UN system, EU28 countries, the US, Japan, Canada and Australia, and some other developed countries. Today, in the cases of Japan, Canada and Australia the political commitment has already gone, and the downstream financial spinoff from the global warming theme, which enabled market operators to concoct and play with climate credit default swaps and a host of other all-new paper assets, has seriously ebbed. Outside of these countries, in the G20 and Russia, global warming always had a much tougher ride. Yet another stark Russia-versus-the West split occurred on this issue. Russia has a long and tortuous politically-charged obsession with a coming Ice Age – not the swamping of all coastal cities by global warming melting the planet's ice caps.
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Monday, April 07, 2014
Cheap Oil Could Be a Big Problem / Commodities / Crude Oil
By: Investment_U
Steve McDonald writes: According to a recent Barron’s article, the huge shale oil and gas reserves in the U.S. and and worldwide will give a huge boost to the U.S. economy and drive oil prices down to as low as $75 in the next few years.
It only makes sense. According to optimistic estimates, the U.S. could be energy independent by 2020. That means a huge reversal of the status quo.
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Tuesday, March 25, 2014
Crude Oil Price Still Remains Below Important Resistance / Commodities / Crude Oil
By: Nadia_Simmons
Trading position (short-term; our opinion): Short. Stop-loss orders for crude oil and WTI Crude Oil (CFD): $102.95.
On Friday, crude oil gained 0.95% as concerns about economic sanctions against Russia weighted on the price. In this way, light crude climbed above $100 for the first time since March 11. Despite this increase, crude oil gave up the gains in the following hours and finished the day below this important barrier once again.
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Wednesday, March 19, 2014
Crude Oil Price Remains In Consolidation / Commodities / Crude Oil
By: Nadia_Simmons
Trading position (short-term, our opinion): Short. Stop-loss orders for crude oil and WTI Crude Oil (CFD): $102.95.
On Tuesday, crude oil gained 1.60% after information that a pipeline connecting Oklahoma storage with Gulf Coast refineries will be open sooner than previously expected. Thanks to this news, light crude rebounded, finishing the day above $99 per barrel.
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Wednesday, March 19, 2014
Mexico Oil Market About to Break Open for Investors / Commodities / Crude Oil
By: Money_Morning
Kent Moors writes: Marina and I are off again. Early tomorrow morning, I’m making my fourth trip to Mexico City in less than two years.
This time, I’ll be making a major presentation at a Bloomberg advisory session on the recent opening of the Mexican energy markets.
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Wednesday, March 12, 2014
Will OPEC Collapse – Libyan P.M. Flees To Europe / Politics / Crude Oil
By: Andrew_McKillop
Inevitable Break-up of Libya
Presaged by months of political infighting, and street fighting outside parliament, former Libyan prime minister Ali Zeidan fled from Libya, 12 March, according to newswires. Reuters explained his flight to Europe as due to parliament voting him out of office on Tuesday March 11, following his inability to stop rebels exporting oil independently. Reuters and other newswires added that the rebel forces set a “brazen challenge to the nation's fragile unity”, and had actively threatened Ali Zeidan with assassination, several times.
Thursday, March 06, 2014
Crude Oil Price Sharp Drop / Commodities / Crude Oil
By: Nadia_Simmons
Trading position (short-term): In our opinion no positions are justified from the risk/reward perspective.
On Wednesday, crude oil lost 2.27% as tensions cooled in Ukraine and U.S. supply data missed investors’ expectations. Because of these circumstances, light crude erased all its gains from Monday's jump and dropped below $101 per barrel.
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