• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 9 days Does Toyota Know Something That We Don’t?
  • 3 days America should go after China but it should be done in a wise way.
  • 9 days World could get rid of Putin and Russia but nobody is bold enough
  • 11 days China is using Chinese Names of Cities on their Border with Russia.
  • 1 hour "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 15 hours Even Shell Agrees with Climate Change!
  • 11 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 12 days Putin and Xi Bet on the Global South
  • 12 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
Editorial Dept

Editorial Dept

More Info

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…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News