Tag: global oil demand

What If Venezuela And Iran Oil Are Totally Off The Market?

What If Venezuela And Iran Oil Are Totally Off The Market?

We’re hyper-focused on politics at the moment because, well, Trump. If he weren’t the president, with unshakeable support from one faction while inducing loathing from another, then the 2020 election cycle might be a touch less fanatical. But he is the president, and we’ve got Democratic hopefuls pummeling each other as they move to the […]

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Oil Is Breaking Out, How About Oil Company Stocks?

| April 19, 2018 | 0 Comments
Oil Is Breaking Out, How About Oil Company Stocks?

In late 2016, OPEC agreed to cut production in order to address an oversupplied oil market. Global crude oil inventories had reached record highs, and the price of oil had crashed. OPEC’s strategy is having the desired effect. Over the past year, despite strong U.S. shale production growth, global inventories have steadily declined. In response, […]

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The Myth About Peak Oil Demand

| April 11, 2017 | 0 Comments
The Myth About Peak Oil Demand

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. As it stands, the forecast models of demand are likely predicting peak demand far later than it will be. The so-called balance of […]

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WTI Oil Price: We’re In The $40s!

| January 7, 2015 | 0 Comments
WTI Oil Price: We’re In The $40s!

WTI Oil Price Seeks Out New 5 ½-Year Low… Believe it or not, the WTI oil price sank below $50 a barrel earlier this week. Not since April 2009, when the US economy was grappling with the worst economic downturn since the Great Depression, has crude traded that low. Without question, we’re witnessing a remarkable […]

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