Brent


All posts for Brent

A New Frontier for LNG Pricing and Contracts

As the world's demand for LNG continues to grow, the world's largest LNG supplier (Shell) has inked an innovative new deal with one of the world's largest LNG buyers (Tokyo Gas), including a coal pricing formula link for the first time in a large-scale LNG contract. Both parties have named the de ...

Hui Shan


Posted 3 months agoLink > JapanCoalLNG +6

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 4 months agoLink > CrudeOil pricesBrent +5

CNOOC’s Capital Plans

After President Xi Jinping called for greater self-reliance and improving national security by boosting domestic reserves in August, the national upstream company CNOOC has now unveiled ambitious plans to boost capital spending with an eye to raise its production. Encompassing both domestic and i ...

Hui Shan


Posted 5 months agoLink > CrudeOil pricesBrent +3

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 6 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 6 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 6 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 7 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 7 months agoOpinion > oil priceoilpriceWTI +2

Oil Markets Recover From Panic Attack but Prices Will Go Lower

Crude markets had a panic attack in August and September that sent prices soaring. Sanity is now returning. Prices have fallen but are likely to move even lower over the next few months. The panic attack was caused largely by Trump's August 7 announcement that sanctions would be re-imposed on Iran ...

Art Berman - The Petroleum Truth Report


Posted 8 months agoOpinion > Oiloil priceCrude +5

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 9 months 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 9 months 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 10 months agoOpinion > oilpriceOiloil price +6

Global Shifts in Floating Storage Visible

Global 10-day floating inventories, excluding Europe and Africa, drew between August 13 and 20. The 10-day floating storage helps monitor congestion at ports, which is now at its lowest level since February 26 of this year. The Middle East Gulf registered a draw for the 10-day idle period and a bui ...

Kayrros


Posted 10 months agoOpinion > floating storageChinese Floating StorageChina +9

EIA Expects Brent Crude Prices Will Average $71 Per Barrel in 2018, $68 Per Barrel in 2019

Source: U.S. Energy Information Administration, Short-Term Energy Outlook In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $68/b in 2019. The updated 2019 forecast price is $2/b higher than ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIABrent Crude +3

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