WTI


All posts for WTI

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 5 days 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 2 months 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 2 months 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 9 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 11 months agoOpinion > PlattsGoldWTI +1