Tag: crude

Why Oil Prices Fell — Stockpiles Or Price Pattern?

| August 30, 2018 | 0 Comments
Why Oil Prices Fell — Stockpiles Or Price Pattern?

Let’s cut right to the chart below. The shaded triangle highlights the dramatic price action in crude oil prices on August 15, when crude plummeted 3% to its lowest level in over nine weeks. Now, according to the mainstream experts, the number one catalyst for crude’s collapse was a shockingly bearish same-day Energy Information Administration […]

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Oil Will Be An American Weapon

Oil Will Be An American Weapon

I took a gap year after college, and I decided to spend the winter in Jackson Hole, Wyoming. When I left from just south of Houston, I drove 700 miles the first day and spent the night in… Texas. Amarillo, to be exact. Texas is a big state. When you enter Texas from Louisiana on […]

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Will There Be An Oil Price Rally?

Will There Be An Oil Price Rally?

Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is only able to influence oil prices to such a degree because the market is fundamentally getting tighter. Ongoing declines in Venezuela and concerns about heightened […]

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Is US Energy On The Verge Of A New Golden Age?

| February 20, 2018 | 0 Comments
Is US Energy On The Verge Of A New Golden Age?

The U.S. has been a net importer of energy since 1953, but that’s set to change early next decade, according to the Energy Information Administration (EIA). In its highly anticipated Annual Energy Outlook 2018, the agency forecasts that the U.S. will become a net exporter of energy by as early as 2022, thanks in large part to the […]

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The Next Big Offshore Boom Is About To Happen Here

| October 10, 2017 | 0 Comments
The Next Big Offshore Boom Is About To Happen Here

Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil. On Wednesday, the country’s National Petroleum Agency put 287 oil and gas blocks […]

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Major Oil Buyers Are Quietly Prepping For A Supply Shock

| August 17, 2017 | 0 Comments
Major Oil Buyers Are Quietly Prepping For A Supply Shock

Continuing major changes in global oil flows this week. With big consumers like Indian Oil Corp and South Korean refiner SK Innovation making their first-ever purchases of U.S. crude exports. And in Iran this week, the nation saw its first crude swaps in 7 years — with shipments of oil arriving in Caspian ports from Turkmenistan, to be swapped with shipments […]

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Time Is Up For This Oil Price Rally

| August 3, 2017 | 0 Comments
Time Is Up For This Oil Price Rally

Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were just a month ago, and the market is on the upswing. However, the rally could run out of steam in the not-so-distant future, a familiar result […]

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A Million-Barrel Lift For U.S Oil Producers In An Unexpected Spot

| November 29, 2016 | 0 Comments
A Million-Barrel Lift For U.S Oil Producers In An Unexpected Spot

The oil price has been rallying on hopes of a supply cut from OPEC. But even without a rise in the global price, news suggests things are looking up for producers — especially those in America’s prolific shale plays. With buyers in one unexpected part of the world stepping up to buy a big batch […]

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8 Markets In Contango And Backwardation

| September 29, 2016 | 0 Comments
8 Markets In Contango And Backwardation

Where is crude going? Will the grain markets stay this low for much longer? When will stock indices take their dip? Will the U.S. Dollar rally? It’s a subliminal way of asking for a genie or a crystal ball, and the futures market equivalent of asking your neighbor how high Facebook or Amazon’s stock will […]

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