WTI


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Art on MacroVoices: Comparative Inventory Draws Spell Higher Oil Prices

Erik Townsend welcomes Art Berman to MacroVoices . Erik and Art discuss: Comparative inventory levels on oil; Oil price responsive to inventories; Realization price recovery in crude prices takes time; Refinery intakes have not recovered; Where are average consumption levels; Outlook on gaso ...

Art Berman - The Petroleum Truth Report


Posted 23 hours agoOpinion > oil priceRealisation recoveryCrude +6

Higher Oil Prices Are Likely in Early 2018

Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that  oil supplies are tightening and that higher prices are likely in the relatively near-future. Refined Product Demand and Crude Oil Exports U.S. crude oil plus products comparative inventories have ...

Art Berman - The Petroleum Truth Report


Posted 9 days agoOpinion > oil priceUnited StatesCrude +5

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Oil Stocks Fell 400,000 Barrels

Declines in U.S. crude oil stocks each of the last two weeks because of record-high exports has failed to lift oil futures, with prompt-month NYMEX crude retreating to the $40-per-barrel area, unwinding part of September's rally, according to an S&P Global Platts preview of this week's pending U.S. ...

OilVoice Press - OilVoice


Posted 11 days agoOpinion > Crude oilStocksNYMEX +4

Shale whacks struggling Brent

For a bunch of crude oils that collectively produce about a million barrels per day, the Brent, Forties, Oseberg and Ekofisk streams that collectively form the Dated Brent benchmark sure have a huge influence on global crude prices. Used as a reference point in about two-thirds of global oil ...

Easwaran Kanason


Posted 7 months agoOpinion > Brent CrudeWTIPlatts +1

Rethinking the WTI/gold ratio as oil fundamentals change

Maybe it's time to scrap these oil vs. gold comparisons. It's possible the historic relationship has collapsed into a new normal, and anybody trading an arbitrage expecting a return to the old norm might have a long, long wait. We first took a year-end look at the spread between oil and gold severa ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > PlattsGoldWTI +1