Commodity Trade Mantra

Posts Tagged ‘Shale Companies’

The Oil Price Ceiling Has Been Set: "Above $40 And We Start Pumping Again"

The cure for low oil prices is low oil prices & as more shale companies halt production, the 3 mmb/d oversupplied oil market will slowly return to equilibrium. The oil price war is about to enter its far more vicious, and far more lethal phase, and while it is unclear who ultimately wins, whether it is Shale or the Saudis, the loser is clear: anyone who bought into bets of an imminent oil bounce.

Is The Oil Price Crash A Result Of Excess Supply Or Plunging Demand?

One of the most vocal discussions in the past year has been whether the collapse, subsequent rebound, and recent relapse in the oil price due to surging supply as Saudi Arabia pumps out month after month of record production to bankrupt as many shale companies before its reserves are depleted, or tumbling demand as a result of a global economic slowdown.

Oil Price Recovery May Be Too Much Too Soon

The rise in oil prices over the last few weeks has been so rapid that few predicted it. Speculators have raised their bullish bets to the highest level in years. The optimism may not be justified. In the past, bets to such a degree have often been followed by a fallback in prices. Oil inventories are still at 80 year highs.

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