Oil prices


All posts for Oil prices

Analysis: Oil market glut will lead to declining prices through 2020 by Dr. Daniel Fine

With the OPEC-Russia meeting ahead, the price of oil is at a crossroad.  President Trump wants lower prices for gasoline at the pump and the Democratic Party wants a shortage to lift prices higher. This is the 2020 presidential election, to re-elect Trump or a create a Democratic left-center White ...

Will Fine


Posted 29 days agoOpinion > Pioneer Natural ResourcesOccidental PetroleumAnadarko Corporation +97

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

The Valve Closes On Venezuela’s Oil

Under the new sanctions, Venezuela can only sell crude to the USA or using US dollars through offshore companies until April 28, 2019. The US is the main demand centre for Venezuela's heavy crudes; despite investment from Russia and China, the loss of American demand will be a major blow to PDVSA ...

Hui Shan


Posted 4 months agoLink > CrudeOil pricesSanctions +4

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 4 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 5 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 5 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 5 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 6 months agoLink > CrudeOil pricesBrent +7

Our Finite World: The World’s Fragile Economic Condition – Part 2

The world economy can appear to be operating quite well but can be hiding a major problem that causes it to be fragile. My presentation  The World's Fragile Economic Condition (PDF) explains why we should expect financial problems if energy consumption stops growing sufficiently rapidly. In fact ...

Gail Tverberg


Posted 8 months agoOpinion > Our Finite WorldGail Tverbergeconomy +3

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

Moody's: Shell, BP and Total Set to Reap Benefits of Higher Commodity Prices

Key Conclusions -          Royal Dutch Shell, Total,  BP, ExxonMobil and Chevron, have all cut costs, slashed capital spending and divested assets, positioning their businesses to prosper in a world of range-bound commodity prices -          The majors proved their fundamental strengths th ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > Moody'sShellRoyal Dutch Shell +10

The Fed Is Driving Down Oil Prices

By Nick Cunningham of Oilprice.com The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world. The U.S. Federal Reserve announced another rate hike a few days ago, which ...

Oilprice Staff


Posted 1 year agoOpinion > United StatesUSFederal Reserve +4

Fine: No Such Thing As 'Free Trade' With OPEC as a Cartel

Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendanc ...

Will Fine


Posted 1 year agoOpinion > Kingdom of Saudi ArabiaSaudi Arabiasaudi +68

Australia's LNG Revenue Surges to Monthly Record $3.1 Billion in March on Higher Oil Prices - New EnergyQuest Report

Total Australian LNG shipments were higher in March at 5.4 million tonnes (Mt) (80 cargoes), compared to 5.1 Mt (77 cargoes) in February. APLNG shipped 3 fewer cargoes than in February and Gorgon shipped 1 fewer cargo while GLNG andQCLNG shipped 1 more cargo each. NWS shipped 5 more cargoes in ...

OilVoice Press - OilVoice


Posted 1 year agoPress > AustraliaLNGLiquified Natural Gas +2

Dr. Daniel Fine: Oil and Gas: A Look at What 2018 May Bring

Trump leads mass deregulation effort; comeback seen for San Juan Basin by Dr. Daniel Fine The price of oil in 2018 will be volatile with commodity market traders selling on signals of OPEC-Russia “cheating” or members producing more oil than the extended Algiers Agreement output quotas. This shou ...

Will Fine


Posted 1 year agoOpinion > Donald TrumpPresident TrumpTrump +68