• 3 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 6 minutes This Battery Uses Up CO2 to Create Energy
  • 10 minutes Phase One trade deal, for China it is all about technology war
  • 12 minutes Trump has changed into a World Leader
  • 3 hours Indonesia Stands Up to China. Will Japan Help?
  • 56 mins We're freezing! Isn't it great? The carbon tax must be working!
  • 11 mins US (provocations and tech containment) and Chinese ( restraint and long game) strategies in hegemony conflict
  • 7 hours Shale Oil Fiasco
  • 21 hours Might be Time for NG Producers to Find New Career
  • 3 mins Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 4 hours Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 8 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 14 hours Beijing Must Face Reality That Taiwan is Independent
  • 18 hours Anti-Macron Protesters Cut Power Lines, Oil Refineries Already Joined Transport Workers as France Anti-Macron Strikes Hit France Hard
  • 24 hours Angela Merkel take notice. Russia cut off Belarus oil supply because they would not do as Russia demanded
  • 1 day China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024

3rd Quarter Energy Market Review & 4th Quarter Forecast with Dan Dicker

3rd Quarter Energy Market Review & 4th Quarter Forecast with Dan Dicker

What’s attempted in this quarterly review is to look over the individual energy markets, from both a cursory fundamental and financial outlook and try to understand where each of these markets have been and are likely to go.  From there, we can attempt to deliver some very generalized ideas on where some value might lie, both in the energy markets themselves and in the underlying equities that rely upon them.  We won’t attempt to make specific recommendations or deliver target prices in this paper, instead hoping that it will open the door to further investigation towards specific stocks and futures trade ideas. 

Crude oil

The most short term view of global crude oil would lend one to believe that prices are far overstretched:  European recession, US slow growth patterns and a shocking drop in Chinese GDP growth projections have combined to drop demand of crude oil, or at least slow the growth of oil demand globally, all while the production of new supplies of crude have continued to advance largely due to new technologies in oil sands, deep water drilling and oil shale.  This is no more evident than in the US, where the West Texas Intermediate benchmark for crude price has maintained a near $20 a barrel discount to the European (and mostly global) Brent North Sea price for most of the last two years. 

But financial markets have outguessed the fundamentals, investing in crude oil through indexes, ETF’s and…




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