Category: Crude Oil
The analysis published under this category are as follows.
Tuesday, August 21, 2012
Why a Strategic Petroleum Reserve Release Won't Help Crude Oil Prices or President Obama / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes:
With oil prices showing no signs of retreat during the final months of the U.S. presidential campaign, beltway insiders are turning to one misguided solution to combat rising oil prices.
Releasing oil from the Strategic Petroleum Reserve (SPR).
Trial balloons floated all over Washington during the past few days. The only reason politicians didn't move on this sooner (say a few months ago) was the price level.
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Saturday, August 11, 2012
Crude Oil Price Spike on QE3 Expectations Should be a Warning to the Fed / Commodities / Crude Oil
By: EconMatters
Crude Oil prices for WTI were just $78 dollars in July, a month later they are $93.40 with supplies well above their five year average range, China decelerating at a rate not seen since the financial crisis, and US gasoline demand down 4.2 percent year-on-year and distillates down 2.8 percent.
Tuesday, July 31, 2012
Where Are Oil Prices Headed? Is the Eurozone Doomed? / Commodities / Crude Oil
By: OilPrice_Com
As markets continue to yo-yo and commentators deliver mixed forecasts, investors are faced with some tough decisions and have a number of important questions that need answering. On a daily basis we are asked what's happening with oil prices alongside questions on China's slowdown, which commodities or instruments will provide safety in the current environment, will the Euro-zone split in the future and what impact the presidential election is going to have on the economy and markets?
Thursday, July 26, 2012
Gold and Silver Jump to 3-Week Highs as ECB Chief Draghi Promises to Print Euro's / Commodities / Crude Oil
By: Adrian_Ash
The WHOLESALE-MARKET gold price leapt more than 1% inside an hour in London trade Thursday morning, setting 3-week highs above $1620 per ounce after European Central Bank chief Mario Draghi said "The ECB is ready to do whatever it takes to preserve" the single Euro currency.
"And believe me, it will be enough."
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Thursday, July 26, 2012
The Hidden Cost of Peak Oil / Commodities / Crude Oil
By: Money_Morning
Don Miller writes:
Most of what you've heard about "peak oil" is wrong.
In fact, there's a hidden cost to peak oil that's very real. And it's coming to a pump near you any day now.
I know you've read the same headlines that I have...how we are going to "frack" our way to energy independence by exploiting shale oil and other unconventional sources.
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Monday, July 23, 2012
Crude Oil Prices Heading For A Fall / Commodities / Crude Oil
By: Andrew_McKillop
The week ending 20 July had vintage scenes from the 2008 epoch, as oil boomers bid up prices with such gusto they were able to grab 3%-a-day rises, midweek, but by weekend the cold chill of reality was trmming their sails. Although this was a vintage spectacle for a global oil market where the biggest brokers, bankers and traders both need and want higher oil prices, oil prices are set on greasy skids, oiled by a slew of so-called fundamentals. These include stubbornly slowing world demand, growing stocks, OPEC overproduction, increasing NOPEC output, large new finds of shale oil and stranded "greasy gas" able to yield NGL output, and oil's declining share in the global energy mix.
Wednesday, July 18, 2012
Whatever Happened to $200 Crude Oil? / Commodities / Crude Oil
By: Raul_I_Meijer
Jeff Rubin, former chief economist with Canadian bank CIBC, is very well known for his predictions of exponentially increasing oil prices (see for instance this 2009 lecture). Mr Rubin’s position was that prices would continue their rise due to a confluence of circumstances - that conventional supplies have peaked, that unconventional sources are expensive to produce and that demand would continue to grow with the energy requirement inherent in expanding global trade.
Tuesday, July 17, 2012
Are Crude Oil Prices Also Manipulated Like LIBOR? / Commodities / Crude Oil
By: DK_Matai
A critical report commissioned by the G20 group of the world's biggest economies has warned oil prices could be vulnerable to a LIBOR-style rigging scandal. The G20 study conducted by the Madrid-based International Organisation of Securities Commissions (IOSCO) has found that the current system of oil price reporting is "susceptible to manipulation or distortion". The report for global finance ministers states that:
1. Bank traders;
2. Oil companies; and
3. Hedge funds
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Monday, July 16, 2012
The Big Problem for Energy Investors / Commodities / Crude Oil
By: DailyWealth
Matt Badiali writes: Oil prices are going to fall lower than you can imagine.
They've already dropped from nearly $110 a barrel in February to under $80 late last month. They've since staged a recovery to the $85 area. But the drop is not over. In fact, I think there could be more than 50% downside from these levels.
Friday, July 13, 2012
The Supply Side of Crude Oil / Commodities / Crude Oil
By: Elliot_H_Gue
Oil supply growth from countries outside OPEC should grow by roughly 660,000 barrels per day, with North America accounting for much of this uptick in production. Preliminary data from the US Energy Information Administration indicates that domestic crude oil production in April surged by 567,000 barrels per day from year ago levels. Robust drilling activity in unconventional plays such as the Bakken Shale in North Dakota and the Eagle Ford Shale in south Texas fueled much of this growth.Read full article... Read full article...
Friday, July 13, 2012
Crude Oil on the Slippery Slope / Commodities / Crude Oil
By: Andrew_McKillop
OPEC NEWS IS NO NEWS
Oil output by the producer states in the cartel is falling, with the largest loss by Iran, for highly obvious reasons - the western embargo - but not at all so obvious, Iran's large cutback in crude oil exports, due to the embargo, will be joined by a significant fall in Iranian imports of refined products, especially middle distillates and gasoline. For the more-than-somewhat oversupplied and nearby European market for these products, the price impact can only be downward, with the leading indicator being stocks and refinery runs in Europe. Refinery runs, already low, and stocks which are high, will likely go further down and up with European refiners trying to recoup some of their losses by exporting more gasoline to the US, impacting US crude demand for refining.
Tuesday, July 10, 2012
Four Things Suppressing Crude Oil Prices Today / Commodities / Crude Oil
By: Money_Morning
Dr. Kent Moors writes:
The collapse of talks between Iran and the "Big 6" (the five permanent members of the UN Security Council plus Germany) should have accelerated international crude oil prices.
And yes, they are higher.
But the real spike hasn't hit. Not yet.
Read full article... Read full article...
Monday, July 09, 2012
Crude Oil And National Security / Politics / Crude Oil
By: Andrew_McKillop
THE WIDENING GULF
Oil and national security were at one time treated like they meant the same thing, using the extra loop of logic that cheap oil = economic security. Today, Goldman Sachs, and other major financial market players are pulling out all the stops, using all the tricks to try and stop oil prices from falling. High oil prices are now a critical prop to the world's failing financial, banking, monetary and trading systems.
Wednesday, July 04, 2012
The Godmother Ran Out Of Luck: Saudi And Global Oil / Commodities / Crude Oil
By: Andrew_McKillop
In a recent (29 June) Market Oracle article, Andrew Butter writes: "One suspects that behind the Saudi rhetoric about keeping oil prices fair for the sake of the world economy and world peace…like a modern day fairy-godmother-of-last-resort, there is the thought that if prices stay above $120 or so for long then some serious E&P investment is going to get directed into that area, rather like the investment in the North Sea in the 1970’s which kept prices a long way lower than “fair”…until that oil ran out".
Quite right, but the not-so-new Saudi Nice Price of $75 is now cheap oil, and itself proves we have Peak Oil in a wholly unexpected way.
Wednesday, July 04, 2012
Unconventional Oil is NOT a Game Changer / Commodities / Crude Oil
By: Raul_I_Meijer
Oil prices have been falling.
This is no surprise to us here at The Automatic Earth, as our position is that the 2008 price peak will stand for a very long time, and that the rise from the 2009 low has been a counter-trend rally. Prices of many assets have been moving with the ebb and flow of confidence, and therefore of liquidity, in this era of extreme financialization, and commodities are no exception.
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Monday, July 02, 2012
Is Oil Overvalued? Or are we just seeing temporary weakness in the Price of Crude Oil / Commodities / Crude Oil
By: Submissions
By Larry Cyna:
Canadian Oil Sands Prices as an Indicator
In recent months there has been an anomaly between world oil prices and the price of oil coming out of the Canadian Oil Sands. Because of transportation issues Canadian heavy oil has been receiving less value than the world price of oil. They say that this is a temporary anomaly and perhaps it is so. But this differential is but an indication of weakness in the price of oil everywhere.
Friday, June 29, 2012
Shale Oil Stocks are Poised to Earn Investors Big Profits / Commodities / Crude Oil
By: Money_Morning
Don Miller writes: With oil production soaring in the United States, shale oil stocks will be pumping out profits for years to come.
It's all thanks to huge deposits of shale oil.
At least four new major shale oil plays including the Bakken in Montana and North Dakota, the Eagle Ford in Texas, and the Marcellus in Pennsylvania and New York, may have more than 20 billion barrels each of recoverable oil.
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Friday, June 29, 2012
Crude Oil Price Bubbleomics Impact on EP Valuations / Commodities / Crude Oil
By: Andrew_Butter
Just so you know, my interest in oil prices is not because I trade (I don’t), or that I care about global warming, tree-hugging, or America’s bill to buy oil, all I care about is the price; because that drives the value of companies and projects I’m involved in.
This is an update on an article posted eighteen months ago called Crude Oil Price Forecast to 2020. The issue then was the specter of Peak Oil.
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Tuesday, June 26, 2012
Waiting For Russia And Saudi Arabia: Crude Oil Prices Will Fall / Commodities / Crude Oil
By: Andrew_McKillop
As of June 25, Brent and WTI grade crudes continue to show weaker price trends despite one or two previously sure-and-certain price tweakers towards the upside, that no longer work today. In fact, the biggest should-be tweaker, tropical storm Debby, itself shows how fundamentals are stacking up and driving down oil prices. When prices attain about $75 per barrel for WTI, and more for Brent, this will draw squeals, threats, promises and posing from Saudi Arabia and Russia.
Sunday, June 24, 2012
Crude Oil Price To Fall Further? Saudi Seeks To Checkmate Iran and Russia / Commodities / Crude Oil
By: DK_Matai
Forget the plunge to $80 a barrel, there are new predictions emerging that oil could fall further to between $60 and $40 per barrel by this autumn. Why? There are many factors at work and Saudi Arabia is one of them. Saudi oil minister Ali al-Naimi has made no secret of his desire to curb high oil prices in order to provide a "stimulus" for the stalling global economies. If the price of oil continues to fall that is obviously great news for motorists around the world but this is not so good for Russia and Iran because their budget trajectories don't balance below $100+ a barrel. Countering the threat from those two countries is very important to the Kingdom of Saudi Arabia because: