Tag: global oil
World Oil Supply, Demand And Price Outlook, September 2018
The Energy Information Administration released its Short-Term Energy Outlook for September, and it shows that OECD oil inventories likely bottomed in July at 2.804 billion barrels. It shows inventories rising in the third quarter, contrary to the usual seasonal trend. However, it forecasts that stocks will drop in December to 2.798 billion after the Iranian […]
$100 Oil In 2019?
The stock market is a dangerous place to be right now. Watching VIX spiked from 17 to 50+ then crashing back to 30 within two days can certainly cause a cardiac arrest or two. What’s even worse is that investors took this little dip as a buying opportunity throwing more good money at this deformed […]
The Entire Oil Sector Is Screaming: ‘Buy Me!’
I don’t put much stock in news headlines (probably because I used to write them in my days as a financial journalist). So when I read lots of energy stories with a uniformly grim outlook, like… “It’s a World of Worry for Oil Companies” (Houston Chronicle). “Saudis Boxed In by Low Oil Prices” (Wall Street […]
