The fluctuating prices in response…
Higher oil prices are expected…
Oil Market Summary for 08/09/2010 to 08/13/2010 Crude oil prices slumped below $80 a barrel again this week as the Federal Reserve and other official forecasters took a dimmer view…
There seems to be an on-going debate among peak oilers and many economists as to which came first, the chicken (peak supply flow) or the egg (peak demand). The first…
I received another scratchy, crackling cell phone call from my drilling buddy in the Texas natural gas fields today. You could almost choke from the dust on the line. He…
Oil Market Summary for 07/26/2010 to 07/30/2010. Crude oil futures continued to trade in a very narrow range, unable to cross the $79 a barrel threshold even though they ended…
Oil Market Summary for 07/19/2010 to 07/23/2010. Prices of crude oil futures slumped below $79 a barrel on Friday despite a stock market rally and the rise of Tropical Storm…
Oil Market Summary for 07/12/2010 to 07/16/2010 An unexpectedly sharp drop in a key consumer confidence index sent stocks plummeting on Friday and drove down prices for crude oil futures…
Oil Market Summary for 07/05/2010 to 07/09/2010. Crude oil futures finished the week on a positive note, tracking stocks upward after hitting the low for a month earlier in the…
Oil Market Summary for 06/21/2010 to 06/25/2010 Crude oil prices surged ahead more than 3% on Friday as the first Atlantic tropical storm of the season began brewing in the…
Oil Market Summary for 06/14/2010 to 06/18/2010. Crude oil futures held on to strong gains for the week in lackluster Friday trading, after higher-than-expected inventories earlier in the week threatened…
Wednesday's UN Security Council vote on a further round of sanctions on Iran merits attention. While the U.S. and its key allies were able to get a somewhat diluted slate…
Oil Market Summary for 06/07/2010 to 06/11/2010. After clawing its way back above $75 a barrel on Thursday for the first time in four weeks, the benchmark oil futures contract…
China, which has struggled in recent years to keep up with booming domestic demand for oil products, may soon have a major excess in refining capacity. In 2009, the country…
Oil Market Summary for 05/17/2010 to 05/21/2010 Crude oil prices ended just above $70 a barrel on Friday after dipping below that threshold earlier in the week. The benchmark June…
The plunge in oil prices in the wake of the euro crisis has OPEC worried. Qatar oil minister Abdullah bin Hamad Al Attiyah emerged as an unofficial spokesman for the…
Oil Market Summary from: 05/10/2010 to 05/14/2010 Crude oil prices plunged nearly 4% on Friday and were off almost 20% from their 18-month high less than two weeks ago, as…
With the world teetering on the edge of another global financial meltdown, it's a good time to revisit my May 2008 Oil "Head-Fake" Scenario. In May 2008 I proposed the…
The foundation of the American lifestyle and economy is cheap oil. Remove that prop and every aspect of that lifestyle becomes questionable. Not to sound too cinematic, but everywhere I…
From 1949 until 1973, the average annual price of oil fluctuated within a 7% band, but from 1981 through 2009 the variation leapt to almost 10 times that amount. A…
Oil Market Summary for: 03/05/2010 to 07/05/2010 In a week of market turmoil resulting from Greece’s fiscal crisis, oil went from an intraday high above $87 on Monday – its…
Oil Market Summary for: 04/26/2010 to 04/30/2010 Stubbornly high crude oil inventories continued to stymie bulls through the middle of the week, but the market seized on positive economic data…