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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 28 days agoOpinion > Pioneer Natural ResourcesOccidental PetroleumAnadarko Corporation +97

Analysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Fine

The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019. Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil.    The large or integrated oil companies have all the ...

Will Fine


Posted 4 months agoOpinion > Santa Felatest oil and gas newsNew Mexico +69

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 6 months agoOpinion > OPECNon-OPECNOPEC +91

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 6 months agoOpinion > Senator BingamanBingamanSanta Fe +71

Dr. Daniel Fine: Trump and Oil in Trade Geopolitics

Unlike 1973, and its oil embargo against the United States, there is no supply threat from the Middle East. Consequently, only a demand unknown moves the price of crude oil. Permian/Delaware has displaced the Middle East as a source and even Mexico imports U.S. production.  This has caused euphori ...

Will Fine


Posted 9 months agoOpinion > United StatesMiddle EastPermian +69

Analysis: What's Next for Oil and Gas Prices After Putin-Trump Summit? by Dr. Daniel Fine

(Photo: Pablo Martinez Monsivais,/AP) The opposition in Congress wants to see a transcript of what President Donald Trump and Russian President Vladimir Putin talked about for two hours alone. No doubt some of that time was spent discussing OPEC and the price of oil. This is abov ...

Will Fine


Posted 11 months agoOpinion > Donald TrumpPresident of the USAPresident +56

Dr. Daniel Fine: Oil – Before and After the November Election

The Trump Administration is moving towards less royalty rates on Federal land leases, less Bureau of Land Management discretion on Environmental Protection Act obstruction on the Application for Petroleum Drilling process, less coal and nuclear power generation decline, and less oil supply confiden ...

Will Fine


Posted 11 months agoOpinion > Ryan zinkeDonald TrumpPresident Trump +66

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

Dr. Daniel Fine: OPEC in Houston and Steel Pipes From China

For a week in March, Houston was the site of a world assembly of oil producers engaged in an OPEC-Russia dialogue with American shale or light tight oil producers on supply and — indirectly — price.  OPEC and Saudi Arabia pitched a market information offensive.  Put simply, American oil producers ...

Will Fine


Posted 1 year agoOpinion > HoustonsteelChina +71

NrgEdge - Your Weekly Update: 26 Feb - 2 Mar

Market Watch Headline crude prices for the week beginning 26 February 2017 – Brent: US$67/b; WTI: US$64/b Crude prices chalked up a week of gains last week, gaining on positive signs in US demand and continued statements of support from OPEC to ‘manage global crude oil supply.' Last week, ...

Nrgedge Admin - NrgEdge


Posted 1 year agoOpinion > nrgedgeOil and Gasweekly news update +3

NrgEdge - Your Weekly Update: 12 - 16 Feb

Market Watch Headline crude prices for the week beginning 12 February 2017 – Brent: US$62/b; WTI: US$59/b A tumultuous previous week saw crude benchmarks sinking on fears of growing global supply, and a financial rout across the globe. US weekly output rose to 10.25 mmb/d last week, while Ir ...

Nrgedge Admin - NrgEdge


Posted 1 year agoOpinion > nrgedgeOil and Gasoil news +2

NrgEdge - Your Weekly Update: 5 Feb - 9 Feb

Market Watch Headline crude prices for the week beginning 5 February 2017 – Brent: US$67/b; WTI: US$64/b Swelling US crude production and a global rout in the financial markets – triggered by two consecutive days of 1,000 point plus drops in the Dow Jones – sent oil prices lower at the star ...

Nrgedge Admin - NrgEdge


Posted 1 year agoOpinion > nrgedgeOil and Gasoil news +3

NrgEdge: Your Weekly Update: 29 Jan - 2 Feb

Market Watch Headline crude prices for the week beginning 29 January 2017 – Brent: US$69/b; WTI: US$65/b Oil remains near its recent highs, correcting slightly at the start of this week with a rebound in the dollar and positive US crude output data. The US dollar has been sliding since Dece ...

Nrgedge Admin - NrgEdge


Posted 1 year agoOpinion > nrgedgeOil and GasEnergy +2

NrgEdge: Your Weekly Update: 22 - 26 Jan

Market Watch Headline crude prices for the week beginning 22 January 2017 – Brent: US$69/b; WTI: US$63/b - After a correction last week, oil prices have found renewed strength, on hints that OPEC may continue supply management into 2019 - Saudi Arabia and Russia have jointly signalled that t ...

Nrgedge Admin - NrgEdge


Posted 1 year agoOpinion > nrgedgeweekly updateOil and Gas +4

NrgEdge: Your Weekly Update: 22 - 26 Jan

Market Watch Headline crude prices for the week beginning 22 January 2017 – Brent: US$69/b; WTI: US$63/b - After a correction last week, oil prices have found renewed strength, on hints that OPEC may continue supply management into 2019 - Saudi Arabia and Russia have jointly signalled that t ...

Nrgedge Admin - NrgEdge


Posted 1 year agoOpinion > nrgedgeweekly updateOil and Gas +4