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Tag: oil prices


Commercialization, Conventional Fuels

Slowing Permian Oil Supply Might Be Reversed Soon

October 15, 2019

Via: Forbes

Turmoil in the oil market is nothing new, and recent events in the Middle East, including the missile attack on Abqaiq and the apparent attack on an Iranian tanker, have overshadowed developments in the oil market fundamentals, but further out […]


Commercialization, Conventional Fuels

Oil prices jump more than 1% after Iran says two missiles struck one of its tankers

October 11, 2019

Via: CNBC energy

Oil prices rose sharply on Friday morning after Iranian state media said that two rockets had struck an Iranian tanker traveling through the Red Sea. Brent crude futures were up 1.4% at $59.93 a barrel, with West Texas Intermediate (WTI) […]


Chemical, Conventional Fuels, Energy Consumption, World

OPEC cuts oil demand growth forecast for a third consecutive month

October 10, 2019

Via: CNBC energy

OPEC trimmed its forecast for oil demand growth for the third month in a row on Thursday, citing weaker-than-expected data in the Asia Pacific region as well as advanced economies in the Americas. The move is likely to add to […]


News and Policies, State

California’s High Gasoline Prices Are No Accident

October 10, 2019

Via: Forbes

An October 8 CNN story about gasoline prices carried this headline: “California gas prices soar above $4, reaching the highest price in five years.” One can only wonder if most Californians understand that that is all part of their state […]


Commercialization, Conventional Fuels, Energy Economics

Energy just fell 4% in a week—here’s the biggest area of weakness, according to one strategist

October 7, 2019

Via: CNBC energy

Talk about losing energy. Now the only S&P 500 sector in the red for 2019, energy has had a difficult week, falling more than 4% as soft economic data reignited fears around slowing global growth and the impact of intercontinental […]


Commercialization, Conventional Fuels

Oil will hit levels ‘we haven’t see in our lifetimes’ if Iran isn’t stopped, Saudi crown prince says

September 30, 2019

Via: CNBC energy

DUBAI — Saudi Arabia’s Crown Prince Mohammed bin Salman has warned of astronomical oil prices in the event that tensions escalate in the Persian Gulf, two weeks after his country was hit by a drone and cruise missile attack that […]


Chemical, Conventional Fuels, News and Policies, World

How Saudi Attacks Will Continue To Benefit American Oil Companies

September 27, 2019

Via: Forbes

Saudi Arabia is moving quickly to restore the 5.7 million barrels a day of oil production knocked out in the September 14 drone and missile attacks on its Abqaiq processing facility. But even if the kingdom can return output of […]


News and Policies, World

Saudi Oil Inventories Plunge As Production Is Restored

September 26, 2019

Via: Forbes

Bloomberg is reporting that Saudi Aramco has restored oil production levels at the crude-processing plants at Abqaiq and at the Khurais oil field. Multiple reports that Saudi’s production would be back online quickly have helped push oil prices back down […]


Commercialization, Conventional Fuels

Was The Breakout For Crude Oil A Hoax?

September 17, 2019

Via: Forbes

I have been showing a potential breakout in Nymex crude oil for the last few weeks. The breakout for oil is on the daily and weekly charts, not at the gasoline pump. Last week the price per gallon for regular […]


Commercialization, Conventional Fuels

Goldman Sachs says an extended Saudi outage could push Brent crude oil prices above $75

September 16, 2019

Via: CNBC energy

An extended Saudi oil outage could push Brent crude prices north of $75 per barrel as the historic attack on the country’s processing plant disrupts one of the globe’s largest energy supply chains, Goldman Sachs warned clients. Saturday’s attack was […]


Commercialization, Conventional Fuels

Saudi Arabia says deeper OPEC cuts will be considered in December

September 12, 2019

Via: CNBC energy

Saudi Arabia’s newly appointed energy minister said Thursday that OPEC and non-OPEC partners would consider deeper production cuts at its next full meeting. Speaking shortly after the conclusion of the Joint Ministerial Monitoring Committee (JMMC) in Abu Dhabi, Prince Abdulaziz […]


Commercialization, Conventional Fuels

‘Expect some volatility’ in oil price as US output flows back, IHS Markit’s Yergin says

September 10, 2019

Via: CNBC energy

A rise in U.S. shale oil output and lackluster global demand will create volatility for oil markets, according to Dan Yergin, IHS Markit’s vice chairman. “The pipeline bottlenecks are in the process of being resolved, so a lot more oil […]


Commercialization, Conventional Fuels

OPEC is struggling to prove it can still arrest oil price declines in the age of Trump, expert says

September 5, 2019

Via: CNBC energy

OPEC is under intensifying pressure to show it still has the power to reverse a slide in oil prices, according to RBC Capital Market’s Helima Croft. The Middle East-dominated producer group has struggled to shore up crude futures this year, […]


Commercialization, Conventional Fuels

Oil Market Surprise: Return Of The Bulls

August 29, 2019

Via: Forbes

After oil prices dropped about $10 a barrel since this spring, they now appear to be on an upward trajectory, despite continued fears that the trade war will cause a recession or that the imbroglio between Iran and President Trump […]


Commercialization, Conventional Fuels

Oil rises despite fears of a global economic downturn

August 12, 2019

Via: CNBC energy

Oil prices rose on Monday despite worries about a global economic slowdown and the ongoing U.S.-China trade war, which has reduced demand for commodities such as crude. International benchmark Brent crude futures were at $58.65 a barrel, up 10 cents […]