Category: Crude Oil
The analysis published under this category are as follows.
Wednesday, June 20, 2012
Oil Price Differentials: Caught Between the Sands and the Pipelines / Commodities / Crude Oil
By: Marin_Katusa
Marin Katusa, Casey Research writes:
One of oil's most important characteristics is its fungibility, which means that a barrel of refined oil from Texas is equivalent to one from Saudi Arabia or Nigeria or anywhere else in the world. The global oil machine is built upon this premise – tankers take oil wherever it is needed, and one country pays almost the same as the next for this valuable commodity.
Sunday, June 17, 2012
Crude Oil Demand Recovery Is Unlikely / Commodities / Crude Oil
By: Andrew_McKillop
"World oil consumption will rebound next year as the global economy recovers, according to a report released by the Paris-based International Energy Agency which said it expects global oil demand to grow 1.7%, for an increase of 350,000 barrels per day from its previous estimate".
The only problem with the serial oil demand growth-forecasting reports from the IEA is the above example dates from.... September 2009. At that time, crude for November delivery was trading around $71.75 a barrel for WTI grade.
Read full article... Read full article...
Wednesday, June 13, 2012
Why We Need Expensive Oil / Commodities / Crude Oil
By: Andrew_McKillop
To some it can seem a joke, but the new definition of "expensive oil" is about $75 a barrel. Even worse fol oil producers, $75 a barrel is rapidly becoming the base price for financially feasible oil production development strategies. Above all, the old paradigm of extreme high oil prices is long dead.
Friday, June 08, 2012
The Best ETFs for Any Move in Crude Oil Prices / Commodities / Crude Oil
By: Money_Morning
Larry D. Spears writes:
Crude oil prices have been hammered of late.
The cost of oil fell 21.8% between May 1 and June 1 - from $106.50 to $83.23 a barrel - the sharpest monthly drop since December 2008.
Read full article... Read full article...
Tuesday, June 05, 2012
Disruptive Economics Accelerating Global Energy Change / Commodities / Crude Oil
By: Andrew_McKillop
Oil analysts already integrate “disruptive technology” in the shape of hybrid and all-electric cars in their forecasts of probable, at least possible decline in the total oil demand of the world's two-largest car fleets - in the EU27 and USA - and in the world's fastest-growing fleets of China, India and other smaller emerging economies.
Monday, June 04, 2012
Will the Oil Bubble Pop Down to $67 This Time: If so that’s Good News / Commodities / Crude Oil
By: Andrew_Butter
The story so far:
1: There was a bubble in oil prices in 2008. The evidence for that is it popped which is a pretty good clue; although so far no one has figured out what drove the bubble. Yes it was probably speculators with access to easy money, but sadly no smoking gun has been found, although one gets the impression no one looked very hard.
Read full article... Read full article...
Saturday, June 02, 2012
Dark Times For Black Oil / Commodities / Crude Oil
By: Andrew_McKillop
Current and rising, but always belated recognition of reality is that the economy isn't coming around like we hoped, that we have what PIMCO's chief Mohamed El-Erian calls a global synchronized slowdown: this can only push oil prices down. The euro's belated shrinkage against the dollar can also only push down oil prices, for a wider range of reasons than many think, of which only some are cast in stone as the Brent-WTI premium.
Thursday, May 31, 2012
Troubled Times for World Oil / Commodities / Crude Oil
By: Andrew_McKillop
Major energy monitoring entities, including the US EIA and the OECD group's energy watchdog the IEA are forced to report that for the developed nation OECD group, and increasingly even for energy outlooks in Emerging economy giants China and India, energy demand is stagnant or falling. For the G20 group, including the largest Emerging economies, demand forecasts are presently set at growth for all types of energy being at most 2% in 2012. For oil, taking account of continuing shrinkage, or at best fractional growth of OECD demand and constantly revised-down demand growth in China and India, the year forecast is now well below 1% growth for global demand and can easily go lower.
Wednesday, May 30, 2012
Expecting Crude Oil Prices to End 2012 Higher / Commodities / Crude Oil
By: Money_Morning
Larry D. Spears writes:
Forecasts for oil prices in the second half of 2012 and on into 2013 are varied, but there's one point on which virtually all agree: Oil prices won't be going down.
One reason is that oil prices have already dropped substantially in recent weeks.
Read full article... Read full article...
Friday, May 25, 2012
Worries Escalate Over $200 Crude Oil and $6 Gas / Commodities / Crude Oil
By: Money_Morning
Don Miller writes:
Could new sanctions against Iran spark a crisis that drives oil prices to $200 a barrel?
The leaders of the Group of Eight (G8) economies certainly hope not.
Even still, they recently unveiled plans to tap into global emergency strategic oil reserves -- just in case.
Read full article... Read full article...
Sunday, May 20, 2012
Two Culprits in the Oil Demand-Pricing Disconnect / Companies / Crude Oil
By: Money_Morning
Dr. Kent Moors writes: As we wait for a "floor" in the price of oil, the pundits continue to talk about declining oil demand in the U.S. and Europe.
But the figures are beginning to tell us something very different – at least on one side of the pond.
Read full article... Read full article...
Friday, May 18, 2012
Forget Peak Oil, Time To Worry About Peak Oil Labor / Commodities / Crude Oil
By: EconMatters
In a recent working paper, researchers at the the IMF (International Monetary Fund) attempt to reconcile the Peak Oil debate that whether resource constraints will dictate the future of oil output and prices, or advance in technology motivated by high oil price would eventually provide a solution to more production, as well as higher oil prices.
Wednesday, May 16, 2012
Brent-NYMEX Crude Oil Spread Widening / Commodities / Crude Oil
By: Mike_Paulenoff
During the month of May so far, Brent crude oil futures have declined from $128.40 to $110.93 (-$17.47), or nearly 14%, while NYMEX Oil has declined from $106.49 to $93.65 (-$12.84), or about 22%. This has resulted in a widening of the Brent-NYMEX differential from $13 to nearly $18.
Judging from both the recent up-leg pattern of the differential and the powerful position of its near-vertical momentum gauge, the Brent (British North Sea oil)-NYMEX (U.S. oil) spread should continue to widen towards a retest of its year-long resistance line, now at $19.95.
Read full article... Read full article...
Tuesday, May 15, 2012
The Death of Greece, Impact on Crude Oil Price / Commodities / Crude Oil
By: Money_Morning
As the Eurozone continues to show weakness, events yesterday in Athens may accelerate the situation. The downward movement in oil prices this morning in both London and on the NYMEX testifies to the rising concern.
The aftermath of the Greek elections propelled the new radical left party SYRIZA into the limelight as the second strongest party in the country. Given the adamant refusal by SYRIZA leadership to accept bailout reforms, the party's new brokering position means the crisis will continue.
Read full article... Read full article...
Thursday, May 03, 2012
Betting Against Crude Oil Falling Below $40 / Commodities / Crude Oil
By: Marin_Katusa
At the latest Casey Research conference, respected investment analyst Porter Stansberry stood at the podium and predicted that the price of oil will fall below US$40 per barrel within the next 12 months. Part of his reasoning revolves around the impact that the shale gas revolution has had in the United States – he believes a similar thing will happen with oil.
Porter is a friend of mine and a very smart, successful individual… but I think not.
Read full article... Read full article...
Wednesday, May 02, 2012
Crude Oil Supply And 'Peak Oil' Price Drivers / Commodities / Crude Oil
By: Andrew_McKillop
Peak Oil can be defined at least 4 ways but one way is simple: Peak Oil is when supplies and stocks are tight enough, relative to demand, to make price slides short and price hikes long. This will continue until and unless the economy tilts into recession through market forces, or by policy decision in response to either external or internal shocks. Examples of the second feature the post-2008 bank, finance and insurance sector crisis, and the sovereign debt crisis of many OECD countries since 2008.
Tuesday, May 01, 2012
Crude Oil Supply & Demand Outlook Remains Favorable for Producers / Commodities / Crude Oil
By: Elliot_H_Gue
My outlook for crude oil prices remains relatively unchanged since the beginning of 2012. Potential demand destruction brought on by persistently high oil prices should limit upside for oil prices.That being said, don’t assume that US oil demand is collapsing because of elevated oil prices and sluggish economic growth.
Read full article... Read full article...
Friday, April 20, 2012
How to Profit from the Bakken Crude Oil Shale Boom / Commodities / Crude Oil
By: Money_Morning
David Zeiler writes:
Did you ever wish you'd been around for the California gold rush of 1849? Or the Texas oil boom of the early 1900s?
Maybe you can't go back in time, but you don't have to.
The Bakken oil shale boom going on in North Dakota right now is just as big-if not bigger.
Read full article... Read full article...
Friday, April 20, 2012
What President Obama Doesn't Understand About Crude Oil Price Manipulation / Politics / Crude Oil
By: Money_Morning
Keith Fitz-Gerald writes:
If you think gasoline prices are volatile now, stay tuned. President Obama's plan to clamp down on oil speculators is going to make things worse.
I'm sure you've seen the news by now.
The president wants to clamp down on so-called "oil price manipulation" and has proposed a $52 billion plan to increase federal supervision of oil markets.
Read full article... Read full article...
Sunday, April 15, 2012
The Magical Decline Of Crude Oil Demand / Commodities / Crude Oil
By: Andrew_McKillop
People who like conspiracy theory are well served by the Oil Establishment's ceaseless quest to present world oil supply as sufficient if not 'abundant', denying the evidence of Peak Oil, and accessorily keeping a lid on oil prices. BP, like most of the downsized family of private, nonOPEC, non Emerging country national oil companies, and the energy agencies of the major oil consuming countries spins magical theories purporting to show that oil demand is "withering away". The clan of oil majors once called the Seven Sisters, but today better called the 5 Anxious Dwarfs in oil production terms because all of them are making the Gas Shift away from oil, claims that global oil demand "will shrink to nothing". To be sure, the 5 Dwarfs now control only 12% of world oil production capacity, even if their profits remain impressive, so they like to pretend they dont need Black Stuff anymore.Read full article... Read full article...