WTI


All posts for WTI

This Week in Petroleum: Saudi Arabia crude oil production outage will affect global oil markets and U.S. gasoline prices

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 1 month agoLink > BrentCrude oilexports +7

SHORT-TERM ENERGY OUTLOOK

Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results. ...

Hui Shan


Posted 2 months agoLink > ElectricityrenewableCoal +10

Crude Oil Prices: Changing Gear

Russia and Saudi Arabia both making new pledges on supply cuts comes despite supply issues elsewhere in OPEC, which could have provided some cushion for smaller cuts. Iranian production remains constrained by new American sanctions; targeted waivers have provided some relief – and indeed Iranian ...

Hui Shan


Posted 7 months agoLink > CrudeOil pricesBrent +5

Key Milestones in 2019 for Oil Prices

The market swang from balanced supply/demand to a supply crunch to a glut – dealing with American sanctions on Iranian crude exports, surging American crude oil production, the implosion of Venezuela's economy and signs that the global economy might be entering a slowdown. Sometime in the first q ...

Hui Shan


Posted 9 months agoLink > CrudeOil pricesBrent +5

Is the US a Net Crude Oil Exporter?

The comparison of those two net trade numbers could be construed that the US has became a net exporter of 0.2 mmb/d of crude and finished products for the week. For any other direction, the US is still a net importer of 4 mmb/d of crude oil or in a net deficit of oil supply by 1.9 mmb/d. But mis ...

Hui Shan


Posted 9 months agoLink > CrudeOil pricesBrent +5

Crude Oil Prices in 2019

This is after OPEC+ managed to corral its members together to agree to a 1.2 mmb/d cut in early December – a move that managed to steady oil prices for mere days. If it manages to keep the supply/demand balance aligned, it is conceivable that crude prices could return to those ranges – which unde ...

Hui Shan


Posted 9 months agoLink > CrudeOil pricesBrent +5

OPEC+ Prevails, For Now

Its reasoning made logical sense – Qatar produces very little crude, so to have a say in a cartel focused on crude was not in its interests, which lie in LNG – but it hinted at deep-seated tensions in OPEC that could undermine Saudi Arabia's attempts to corral members. Split between 800,000 b/d f ...

Hui Shan


Posted 10 months agoLink > CrudeOil pricesBrent +7

Can We Expect A Major Rebound In Oil Prices?

By Nick Cunningham of Oilprice.com After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained s ...

Oilprice Staff


Posted 11 months agoOpinion > oil priceoilpriceWTI +2

WTI Oil Price Predictions for 2019

In the United States alone it is believed that a lot of fuel will be used this winter compared to the last. The reasoning behind it was unknown until thorough research was conducted. It looks like this winter is going to be a lot more interesting. The differences in the usage are of course varied, ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > oil priceWTI2019 +6

Art Berman: Don't Believe The Hype - Oil Prices Aren't Going Back To $100

The breakout in Brent crude prices above $80 this week has prompted analysts at the sell side banks to start talking about a return to $100 a barrel oil . Even President Trump has gotten involved, demanding that OPEC ramp up production to send oil prices lower before they start to weigh on US co ...

Art Berman - The Petroleum Truth Report


Posted 1 year agoOpinion > Art BermanOil PrucePresident Trump +4

Markets Have De-Valued Oil Prices: How Long Will It Last?

Comparative inventory: The most important approach to oil & gas price formation Comparative Inventory (C.I.) is the difference between current stock levels of crude oil & select refined products, and their 5-year average. C.I. has accurately predicted most of the changes in oil pric ...

Art Berman - The Petroleum Truth Report


Posted 1 year agoOpinion > Art BermanOil pricesOil +7

The Downside For Oil Is Limited

By Nick Cunningham of Oilprice.com More than two weeks of nearly uninterrupted price gains for crude oil ended this week, with the rally running out of steam. The question is what happens next? Oil prices posted steep losses just as the bulls were back on the march. WTI briefly topped $70 per b ...

Oilprice Staff


Posted 1 year agoOpinion > oilpriceOiloil price +6

The Growing WTI - Brent Spread

  As of June 1, the spread between Brent and WTI – the two major world oil benchmarks – has widened to US$11/b. This is essentially the widest level in 3 years, and although it pales in comparison to the peak spreads of US$26/b in 2012, it also points to some fundamentals issues within crude supp ...

Easwaran Kanason


Posted 1 year agoOpinion > WTIBrentSpread +2

Why Oil Prices Can’t Rise Very High, For Very Long

Oil prices are now as high as they have been for three years. At this writing, Brent is $74.14 per barrel and West Texas Intermediate is at $68.76. These prices aren't really very high, if a person looks at the situation from a longer term point of view than the last three years. Figure 1. EIA ...

Gail Tverberg


Posted 1 year agoOpinion > oil priceGail TverbergBrent +4

S&P 500 Implied Volatility Briefly Surpassed that of Crude Oil in February

Source: Chicago Board of Options Exchange, compiled by Bloomberg, L.P. For four consecutive days in early February, stock market implied volatility surpassed crude oil price volatility for the first time since 2008. The VIX, a measure of implied volatility, or the market's expected range of ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > VIXCrude oilS&P 500 +6