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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 1 month agoOpinion > Oiloil priceCrude +5

Natural Gas Risky Business: What, Me Worry?

Natural gas storage is at record low levels but prices are falling going into winter heating season. Markets seem to be betting that wellhead supply will be sufficient to cover demand this winter. That may be but at what gas prices? This is a game of natural gas risky business. Natural gas 6- ...

Art Berman - The Petroleum Truth Report


Posted 2 months agoOpinion > natural gasStorageArt Berman +3

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 2 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 2 months agoOpinion > Art BermanOil pricesOil +7

MacroVoices Podcast: The Market Has De-Valued the Oil Price Yield Curve

The market has de-valued the oil price yield curve Erik Townsend and Patrick Ceresna welcome Art Berman back to MacroVoices. Erik and Art discuss: Comparative inventory on oil Inventory correlation to price Price cycles and the oil-price yield curve Impact of U.S. exporting oil Tren ...

Art Berman - The Petroleum Truth Report


Posted 2 months agoOpinion > Art Bermanoil priceYield Curve +2

Shale Plays Will Not Cause the Next Financial Crisis

Many think that debt and negative cash flow by U.S. shale companies will crash the global financial system. I believe the opposite is more likely, that a developing financial crisis may crash oil prices and test the survival of shale plays. In The Next Financial Crisis Lurks Underground , Bethany ...

Art Berman - The Petroleum Truth Report


Posted 3 months agoOpinion > ShaleArt BermanUnited States +4

Art Called Important Market Player by Black Diamond Research

  Key Financial Market Quotes (June 2018) https://www.blackdiamondindex.com/single-post/quotes201806 July 5, 2018 Black Diamond Research The following is an extract from the Black Diamond Stock Market Indexes Report for the month of June 2018. We always cl ...

Art Berman - The Petroleum Truth Report


Posted 5 months agoOpinion > Art BermanBlack Diamond

ExxonMobil’s XTO Energy Announces Progress on Methane Emissions Reduction Program

Methane emissions reduced by 9 percent since 2016 Two-thirds of high-bleed pneumatics phased out to date through voluntary program Contributes to ExxonMobil's measures to reduce emissions by 15 percent by 2020 WASHINGTON--( BUSINESS WIRE )-- ExxonMobil subsidiary XTO Energy Inc. today said it ...

Art Berman - The Petroleum Truth Report


Posted 5 months agoPress > Exxon MobilExxon Mobil CorporationExxonMobil +3

Tight Oil Money Return on Investment Eagle Ford Shale Case History

The Eagle Ford Shale Play - San Antonio Located in South Texas between San Antonio and Corpus Christi. Horizontal drilling and hydraulic fracturing began in 2008. Approximately 17,000 producing wells. February production was 935,000 bo/d, down from 1,324,000 in December 2014. 71 ...

Art Berman - The Petroleum Truth Report


Posted 8 months agoOpinion > Art BermanShaleEagle Ford Shale +9

$60 – $65 Emerging Mid-Cycle Price For WTI

This is a guest post by J. M. Bodell modified from a comment he wrote on my recent Oil Price Crossroad  post. He has extensive experience in petroleum market analysis, natural resource cost structure, scenario planning and strategic planning for Strategic Energy Research & Capital, Cambridge Ene ...

Art Berman - The Petroleum Truth Report


Posted 9 months agoOpinion > WTIArt Bermanoil price +1

Oil Price Crossroad

Posted in The Petroleum Truth Report on February 26, 2018 The oil-price rally that began a year ago is at a crossroad. In February, WTI futures fell from a 3-year high of more than $66 to less than $60 per barrel but have since recovered almost 70% of that value. Was this a temporary adjustment ...

Art Berman - The Petroleum Truth Report


Posted 9 months agoOpinion > Art Bermanoil price

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 year agoOpinion > United StatesOilOver-Supply +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 year agoOpinion > oil priceRealisation recoveryCrude +6

Art Berman BNN Interview: Investors Get Reality Check on U.S. Shale

Centennial Resource Development and Pioneer have suggested that there may be a crack in the whole "shale revolution." Pioneer Natural Resources, CEO said that "Underground pressure problems stymied output and delayed drilling for months." We check in with Art Berman, Geological Consultant with Labyr ...

Art Berman - The Petroleum Truth Report


Posted 1 year agoOpinion > US ShaleUnited StatesCentennial Resource Development +1

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 1 year agoOpinion > oil priceUnited StatesCrude +5