Brent


All posts for Brent

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 12 hours 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 25 days 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 1 month 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 month 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 2 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 2 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 5 months 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 5 months agoOpinion > WTIBrentSpread +2

Our Energy Problem Is a Quantity Problem

(This post consists of a short overview article I recently wrote for Transform , a magazine for Environment and Sustainability Professionals,  plus six related Questions and Answers.) Reading many of today's energy articles, it is easy to get the impression that our energy problem is a quality  ...

Gail Tverberg


Posted 5 months agoOpinion > EnergyGail TverbergConsumption +5

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 7 months agoOpinion > oil priceGail TverbergBrent +4

Post-EIA Oil Inventories Commentary: S&P Global Platts Analytics - May quote Sr. Oil Analyst Jenna Delaney

Analysis of U.S. EIA Oil Inventories Data: U.S. commercial crude oil inventories decreased by 5.1 million barrels during the week ended December 8, marking the fourth consecutive weekly decline. The largest regional drawdown took place at Cushing, Oklahoma (delivery point for NYMEX oil futures ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > EIAEnergy Information Administration EIAInventories +4

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 year agoOpinion > WTIOPECBrent +5

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Oil Stocks Fell 2.7 Million Barrels

Consistent builds in crude oil inventories at Cushing, Oklahoma (delivery point for New York Mercantile Exchange or NYMEX oil futures), since early August have weighed on NYMEX crude futures, leading to a larger discount to Intercontinental Exchange (ICE) Brent, providing an incentive for U.S. crud ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > S&P Global PlattsS&PUnited States +6

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 year agoOpinion > EIAEnergy Information Administration EIABrent +5

Oil price, SDX, Tullow And finally...

  Oil price With very quiet trading today crude oil is virtually unchanged after another positive week. Yesterday Brent closed within spitting distance of the much spooked $60 level although it was a 27 month high for the marker. A combination of factors is keeping oil high some more tangible t ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceSDX EnergyTullow Oil +3