Category: Crude Oil
The analysis published under this category are as follows.
Monday, July 31, 2017
... / Commodities / Crude Oil
By: OilPrice_Com
....
Saturday, July 29, 2017
Chinese Leverage To Kill Petro-Dollar / Commodities / Crude Oil
By: Jim_Willie_CB
The Chinese Govt is greatly irritated by the requirement to use USDollars in payment for crude oil in the global market. The Beijing officials finally have some leverage in arranging for a major deal to pay for crude oil in RMB currency, their Yuan. The negotiations have been in progress for a couple months. The development is not covered well in the financial press, not even in the alternative media. It will happen, just a matter of time. Its effect will be far reaching and likely devastating.
Thursday, July 27, 2017
Is Big Oil planning its Funeral by ignoring the obvious? / Commodities / Crude Oil
By: Sol_Palha
Many of the reports published that cover oil consumption and how quickly consumers will embrace Electric Vehicles (EV) paint a far rosier outlook for the future of oil than the facts dictate. The reason is simple; most of these reports tend to be written or sponsored by big oil and so they tend to be biased. We are not stating that this is the end of oil, but its glory days are probably behind it. One thing is obvious; the peak oil theory experts are and were always full of rubbish. In fact, we penned several articles over the years covering this issue the latest of which was titled “peak oil debunked”. Read full article... Read full article...
Thursday, July 27, 2017
Will Crude Oil Extend Gains? / Commodities / Crude Oil
By: Nadia_Simmons
On Tuesday, crude oil extended gains and hit a fresh July high, but will we see further rally in the coming days?
Crude Oil’s Technical Picture
Let’s take a closer look at the charts and find out (charts courtesy of http://stockcharts.com).
Read full article... Read full article...
Friday, July 21, 2017
“Dirty, Difficult, And Dangerous”: Why Millennials Won’t Work In Oil Industry / Commodities / Crude Oil
By: OilPrice_Com
By Tsvetana Paraskova : Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials. But unlike any other industry, oil and gas is facing more challenges in persuading the environmentally-conscious Millennials that oil is “cool”.
During the Super Bowl earlier this year, the American Petroleum Institute (API) launched an ad geared toward Millennials, who now make up the largest generation in the U.S. labor force.
Read full article... Read full article...
Sunday, July 16, 2017
The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks / Commodities / Crude Oil
By: OilPrice_Com
OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines.
Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “increasingly worrying”, due to a loss of $1 trillion ($1000 billion) in investments last year. The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems. News sources reported that the output from Saudi Aramco's massive Manifa oilfield has been hit by a technical problem.
Read full article... Read full article...
Thursday, July 06, 2017
Don’t Hold Your Breath For Deeper OPEC Oil Cuts / Commodities / Crude Oil
By: OilPrice_Com
The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought.
A month ago, oil prices appeared to be higher than they should have been, with weak demand, elevated inventories, and a recognition that the nine-month OPEC extension would be inadequate to balance the market. Oil sold off and dropped to the mid-$40s and below. Oil traders then bought on the dip, and bid prices back up over the past two weeks. Now, prices again look like they could be reaching an upper limit.
Read full article... Read full article...
Friday, June 30, 2017
How High Could Crude Oil Price Go? / Commodities / Crude Oil
By: Nadia_Simmons
On Wednesday, the black gold gained 1.13% after encouraging the EIA weekly report. As a result, light crude climbed to the previously-broken lower border of the trend channel, but closed the day below it. Will we see further improvement in the coming days?
Although yesterday’s EIA weekly report showed that crude oil inventories rose by 118,000 barrels in the previous week (missing expectations of a draw), the report also showed that gasoline inventories, dropped by 894,000 barrels (beating analysts’ forecasts), while distillate stockpiles declined by 223,000 barrels and beat expectations of a rise of 453,000 barrels.
Read full article... Read full article...
Thursday, June 29, 2017
Is A Big Move In Oil Prices Due? / Commodities / Crude Oil
By: OilPrice_Com
In options trading, a straddle is literally a sit-on-the-fence strategy. By purchasing a put and a call at the same strike (price of underlying commodity) for the same time period, an investor isn’t making a conventional directional bet; rather the investor is looking for a big move either up or down. The rub is that the big move must be greater than the sum of the two option premia or the bet goes south. But that is in the nature of the trade.
Wednesday, June 28, 2017
Crude Oil Sinks 20%: Why "Oversupply" Isn't the Half of It / Commodities / Crude Oil
By: EWI
Oil prices have defied bullish efforts to curb oversupply. Here's our take on why.
I have a friend... let's call him Larry. Let's just say, Larry is not a fan of taking risks. He likes his reflexes fast, his cars slow, and his financial markets secure for the long haul.
So, when Larry called me up at the beginning of this year to say he's boarding the highly-volatile crude oil market, I was appropriately stunned. But here's the thing. He was still being "wary Larry," meticulously weighing the risks. It just so happens they seemed to pale in comparison to the overwhelming rewards.
Read full article... Read full article...
Tuesday, June 27, 2017
Crude Oil In A New Bear Market? / Commodities / Crude Oil
By: Chris_Vermeulen
The newest bear market is in crude oil. The definition of a bear market is when an ‘asset class’ is down more than 20% from its recent high: (Bear Market Rally Definition Investopedia). It has been more than five years since the market fell so hard so fast from its’ high. Two months later, it was even lower. During the past 20 years, the SPX has struggled when oil fell into a bear market!
Tuesday, June 27, 2017
Is There Still Hope For Higher Oil Prices? / Commodities / Crude Oil
By: OilPrice_Com
Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared. All signs point to a period of “lower for longer” for oil prices, a refrain that is all too familiar to those in the industry.
WTI dipped below $44 per barrel on Tuesday, and the bearish indicators are starting to pile up.
Libya’s production just topped 900,000 bpd, a new multi-year high that is up sharply even from just a few weeks ago. Libyan officials are hoping that they will hit many more milestones in the coming months. Next stop is 1 million barrels per day (mb/d), which Libya hopes to breach by the end of July.
Read full article... Read full article...
Friday, June 23, 2017
Crude Oil, Fresh Lows and Support Zone / Commodities / Crude Oil
By: Nadia_Simmons
On Wednesday, the black gold moved lower once again after government data showed an increase in crude oil production, which offset a decline in crude oil and gasoline inventories. Thanks to these circumstances, light crude hit a fresh 2017 low. What’s next for the commodity?
Let’s take a closer look at the charts and find out (charts courtesy of http://stockcharts.com).
Read full article... Read full article...
Wednesday, June 21, 2017
This Chart Proves That Low Oil Prices Can’t Stop US Shale Oil Surge / Commodities / Crude Oil
By: John_Mauldin
By Geopolitical Futures, Mauldin Economics : The US has benefited from the shale revolution more than any other country. Not only does it have vast shale formations, most of its wells are located within its territory. That means producers don’t have to compete for jurisdiction or share their profits.
Shale oil is enmeshed in shale rock, which is located thousands of feet beneath the Earth’s surface and is generally less permeable than other rock types—making deposits more difficult to access.
Read full article... Read full article...
Tuesday, June 20, 2017
CRUDE OIL UPDATE- “0.30 risk is cheap for changing implication!” / Commodities / Crude Oil
By: Stephen_Cox
Here are 5 charts of WEEKLY CRUDE OIL, telling their interesting MRI 3D story (TIME, PRICE and DEPTH of 4 chart frames) on MAJOR WEEKLY TURNS. Some of these examples presented potentially low risk to high reward implications. The latest example was presented by CRUDE ADC (Daily) CLQ 17 (44.33) Monday.
Tuesday, June 20, 2017
Crude Oil Verifies Price Breakdown – Or Is It Something More? / Commodities / Crude Oil
By: Nadia_Simmons
On Friday, the black gold gained 1.15% and climbed to the previously-broken lower borer of the trend channel. Is this a verification of the earlier breakdown or something more?
Thursday, June 15, 2017
Charts That Explain Why The US Rule Oil Prices Not OPEC / Commodities / Crude Oil
By: John_Mauldin
BY GEORGE FRIEDMAN AND JACOB L. SHAPIRO : There’s no end in sight to slumping oil prices. That’s good news for consumers, but a dire trend for major oil producers like Saudi Arabia and Russia. And now, rising US oil production and exports are contributing to the slump.
Last week, oil prices reached new lows for 2017, with Brent crude dipping below $48 per barrel and West Texas Intermediate dipping below $46. The drop has been attributed to an unexpected increase in US crude inventories.
Read full article... Read full article...
Friday, June 02, 2017
Has Permian Crude Oil Productivity Peaked? / Commodities / Crude Oil
By: OilPrice_Com
The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, but the extension of the cuts provides even more room in the market for shale drillers to step into.
The sky is the limit, it seems. However, there are growing signs that the U.S. shale industry could be reaching the end of the low-hanging fruit. Or, more specifically, drilling costs are starting to rise and the enormous leaps in production that can be obtained by simply adding more rigs also appears to be running into some trouble.
Read full article... Read full article...
Thursday, June 01, 2017
How Low Could Crude Oil Price Go? / Commodities / Crude Oil
By: Nadia_Simmons
Although crude oil climbed above the level of $50 yesterday, this improvement was very temporary and the black gold closed the day below this barrier. In this way light crude invalidated the earlier breakout, which will likely trigger further declines. How low could the commodity go in the coming days?
Monday, May 29, 2017
The Vienna Deal: Only Temporary Relief in Oil Markets / Commodities / Crude Oil
By: Dan_Steinbock
The Vienna agreement among OPEC and non-OPEC oil producers will extend oil cuts by nine months. After the deal, oil price plummeted by about 5 percent. Far more is needed to subdue new economic uncertainty and market volatility.
Among the oil insiders, the decision to extend oil production cuts was seen as a done deal well before last week's Vienna meeting. But as I have argued in the past few years, investors seek assurances of longer production cuts. That is vital in an era of huge energy overcapacity.