WTI


All posts for WTI

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 4 days 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 15 days 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 3 months 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 5 months 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 6 months agoOpinion > VIXCrude oilS&P 500 +6

$60 – $65 Emerging Mid-Cycle Price For WTI

This is a guest post by J. M. Bodell modified from a comment he wrote on my recent Oil Price Crossroad  post. He has extensive experience in petroleum market analysis, natural resource cost structure, scenario planning and strategic planning for Strategic Energy Research & Capital, Cambridge Ene ...

Art Berman - The Petroleum Truth Report


Posted 6 months agoOpinion > WTIArt Bermanoil price +1

EIA Forecasts Mostly Flat Crude Oil Prices and Increasing Global Production Through 2019

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , January 2018 EIA's January Short-Term Energy Outlook forecasts Brent crude oil to average $60 per barrel (b) in 2018 and $61/b in 2019, slightly higher than the $54/b average in 2017. In both 2018 and 2019, EIA ...

OilVoice Press - OilVoice


Posted 8 months agoOpinion > EIAEnergy Information Administration EIAUnited States +5

2018 Oil Price Forecast - The Impact Next Year's Oil Price Will Have on Well Services

Offshore Network have produced a forecast of the Brent and WTI Oil Price throughout 2018 and a review of how this will impact well service contractors. ABERDEEN, ABERDEENSHIRE, SCOTLAND, December 7, 2017 / EINPresswire.com / -- To help oil and gas contractors and operators prepare for next year's ...

OilVoice Press - OilVoice


Posted 9 months agoPress > oil priceWTIOffshore

Geopolitics Is Rearing Its Head Again In Oil

Brent and WTI prices are now at their highest levels in two years. With Brent almost touching US$65/b and WTI within shot of US$60/b, this is cheer for the market, where most participants had resigned themselves to a prolonged period of US$50/b oil. There are several factors propelling this rise. OP ...

Easwaran Kanason


Posted 10 months agoOpinion > WTIOPECBrent +5

The U.S. Over-Supply of Oil is Ending

The U.S. over-supply of oil is ending. Comparative inventory (C.I.) has been dramatically reduced in 2017. Levels have fallen 159 mmb since February and are now approaching the 5-year average for the first time in nearly 3 years (Figure 1). Figure 1. The U.S. Over-Supply of Oil is Ending. Sou ...

Art Berman - The Petroleum Truth Report


Posted 10 months agoOpinion > United StatesOilOver-Supply +2

Widening Brent-WTI Price Spread Unlikely to Change East Coast Crude Oil Supply

Source: U.S. Energy Information Administration, based on Thomson Reuters In September and October 2017, the difference between domestic and foreign crude oil prices has risen to the highest level since 2015. In the past, price differences between West Texas Intermediate (WTI) and Brent crude o ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > EIAEnergy Information Administration EIABrent +5

Has Drilling in the Permian Peaked?

The current production level in the Permian Basin, as of September 2017, is 2.6 mmb/d. That is enough to make the Permian, which straddles Texas and New Mexico, the single largest production area in the US, having exceeded offshore output from the Gulf of Mexico since early 2016. Projections indica ...

Easwaran Kanason


Posted 10 months agoOpinion > PermianWTIOil +1

The End of Oil Sands Mega Projects

ESAI Energy forecasts growth from the Canadian Oil Sands will be a substantial 250,000 b/d in 2018, but as producers face challenges associated with relatively high costs in a recovering oil price environment, Oil Sands projects in the next few years will be leaner and smaller. In the recent issue o ...

OilVoice Press - OilVoice


Posted 11 months agoPress > ESAI EnergyCanadaCanadian Oil Sands +2

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 11 months 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 11 months agoOpinion > oil priceUnited StatesCrude +5