Commodity Trade Mantra

Posts Tagged ‘Crude Oil Production’

Crude Oil Enters Bull Market Amid Output Freeze Talk

An emphasis by oil companies on frugality in operations mean a certain amount of cost-cutting should be sustained in the coming years. Slashed expenditures in the oil industry are expected to add up to $1 trillion dollars over the 2015 – 2020 period. Dollar weakness & production freeze hopes combine again to rally crude oil prices higher. Here are 5 things to consider in crude oil markets today.

Here Is Why Crude Oil Prices May Not Move Higher

The investigation I have presented here about the possible similarities between the present increase in oil prices and the false price rally of March-June 2015 reinforces my sense that a return to higher oil prices is not at all straight-forward. Oil markets are a leading indicator for the broader economy because the economy runs mostly on energy and not so much on money.

Oil Fundamentals Could Cause Oil Prices To Fall, Fast

I hope that oil prices increase but cannot find any substantive reason why they should do anything but fall. As market balance reality re-emerges in investor consciousness and the false euphoria of a production freeze recedes, prices should correct to around $30. A little bad economic or political news could send oil prices much lower.

EIA On Board With Lifting U.S. Crude Oil Export Ban

The EIA studied the prospect of crude oil exports in response to questions from Congress, and it builds on several prior reports completed by the agency over the past year and a half. The report is full of caveats and other drawbacks, but the headline takeaway could fuel political momentum to remove the export ban.

When Will The Oil Prices Turn Around?

Pessimism increased about oil prices last week as second quarter earnings for U.S. E&P companies were released. Many tight oil producers announced higher production guidance for 2015. OPEC is producing more than half of the world production surplus and has the capacity to cut production by the entire amount of the surplus, but will not until its goals are achieved.

Who Is To Blame For The Global Crude Oil Supply Glut? (Hint: Not Iran)

A long time will pass before significant Iran crude oil may flood developed markets & yet even without Iran crude oil, the market has recently seen a surge in supply and production over the past few months, which has been the true driver of most recent slide in prices. But who is the culprit then to blame for the most recent downturn in crude oil prices?

OPEC Oil Decision: A Major Strike Against American Market

OPEC’s decision not to cut oil production, and Nigeria’s comments on the need for burden-sharing among non-OPEC members, ensures a crash in the US shale industry according to Leonid Fedun (Russia’s Lukoil board member). As Fedun ominously warns, this is a “major strike against the American market.”

The Golden Age of Gas, Possibly: Interview with the IEA

International Energy Agency (IEA) – The global energy authority believes that this age of gas can be golden & that unconventional gas can be produced in an environmentally acceptable way. The potential for a golden age of gas comes along with a big “if” regarding environmental & social impact.

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