Tag: oil prices

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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The Entire Oil Sector Is Screaming: ‘Buy Me!’

| July 13, 2017 | 0 Comments
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 […]

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7 Energy Stocks To Buy To Survive An Oil Beating

7 Energy Stocks To Buy To Survive An Oil Beating

These energy stocks have growth coming and are hovering near support Oil has been doing poorly lately, which has most energy stocks falling as well. OPEC recently agreed to continue its current production cap, but investors still aren’t having it. They were either looking for a larger cut in production (cutting down supply while maintaining […]

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U.S. Shale To Keep On Pumping Even With $30 Oil

U.S. Shale To Keep On Pumping Even With $30 Oil

Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid […]

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Here’s The Reason OPEC Cuts Didn’t Work Out

Here’s The Reason OPEC Cuts Didn’t Work Out

It was only a few months ago that OPEC, once the de facto arbiter of oil markets, seemed to have a plan to inflate the price of oil: The cartel, along with several non-OPEC members, agreed in December to cut production by roughly 1.2 million barrels per day. And for the first quarter of 2017, […]

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Saudi War On Shale Is Not Over Yet

| March 28, 2017 | 0 Comments
Saudi War On Shale Is Not Over Yet

Two weeks ago when Saudi Arabia let it leak that the kingdom has no intention of leading OPEC toward another cut in production to accommodate the growing volumes of oil from American shale deposits, it was another sign that the Saudi war on shale actually never ended. To properly understand this announcement, we need to […]

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Is A Second OPEC Cut On The Cards?

| March 9, 2017 | 0 Comments
Is A Second OPEC Cut On The Cards?

OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. But resurging U.S. shale has been capping the upside, and Brent has not breached US$58 per barrel. Analysts […]

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Why Big Oil Is Still A Big Dividend Trap

| March 2, 2017 | 0 Comments
Why Big Oil Is Still A Big Dividend Trap

There are, literally, a billion reasons to avoid the energy sector right now. Hedge funds now own a billion barrels worth of bets that crude oil prices are heading higher. Problem is, these guys are usually wrong – especially when they wager with such conviction! In April 2014, I warned that then-$103 crude oil was […]

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4 Underrated Profit Plays For Higher Oil Prices

| December 15, 2016 | 0 Comments
4 Underrated Profit Plays For Higher Oil Prices

You don’t only have to invest in the big oil companies to earn profits from an increase in the price of the black gold. These four picks should do well even with just a modest increase, and it looks like 2017 is the year that could happen. The trading week has begun with a nice […]

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$50 A Barrel Means Peak Oil Beyond 2050

$50 A Barrel Means Peak Oil Beyond 2050

Any long-term oil demand projection rests on understanding transport demand, which today comprises 54% of global oil consumption. In their base case, BofA Merrill Lynch Global Commodity Research analysts expect that growth in transport demand will continue to more than offset fuel efficiency gains and substitution to alternatives. “As such, peak global oil demand lies […]

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