 |
Louisiana Light • 4 days | 93.55 | -0.08 | -0.09% | ||
|
Bonny Light • 3 days | 96.23 | -1.40 | -1.43% | ||
|
Opec Basket • 4 days | 97.48 | +2.17 | +2.28% | ||
|
Mars US • 2 days | 88.89 | -0.92 | -1.02% | ||
|
Gasoline • 10 mins | 2.399 | -0.001 | -0.03% |
|
Bonny Light • 3 days | 96.23 | -1.40 | -1.43% | ||
|
Girassol • 3 days | 97.26 | -1.46 | -1.48% | ||
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Opec Basket • 4 days | 97.48 | +2.17 | +2.28% |
|
Peace Sour • 2 days | 86.21 | -1.97 | -2.23% | ||
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Light Sour Blend • 2 days | 86.71 | -1.97 | -2.22% | ||
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Syncrude Sweet Premium • 2 days | 95.31 | -1.97 | -2.03% | ||
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Central Alberta • 2 days | 84.51 | -1.97 | -2.28% |
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Eagle Ford • 4 days | 88.19 | +1.32 | +1.52% | ||
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Oklahoma Sweet • 4 days | 88.25 | +1.25 | +1.44% | ||
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Kansas Common • 5 days | 84.00 | +3.25 | +4.02% | ||
|
Buena Vista • 5 days | 98.88 | +2.54 | +2.64% |
Gas Production From Giant Groningen Field To Halt Completely On October 1
The giant Groningen gas field…
An Apparently Unstoppable Oil Price Rally
There appears to be no…
Energy / Oil Prices
Crude Oil Analysis for the Week of January 23, 2012
Despite the shift in the fundamentals the week before, March Crude Oil failed to follow-through to the downside and the market finished the week with an inside range. This pattern…
Natural Gas Analysis for the Week of January 23, 2012
March Natural Gas gapped lower on the weekly chart. This is a rare occurrence that often indicates exhaustion in markets that have experienced prolonged moves down in terms of price…
How will the Economy Fare if High Oil Prices Continue
We know high oil prices have an adverse impact on the economy, often leading to recession. According to Economist James Hamilton, 10 out of 11 of US recessions since…
Possible Implications of the Iranian Oil Embargo
As efforts continue to impose sanctions on Iran, I thought it would be helpful to discuss the possible implications of these developments for oil-consuming countries. The most likely outcome of…
Crude Oil Analysis for the Week of January 16, 2011
March Crude Oil traded sharply lower last week with an expanded range. Based on the previous week’s failure to follow-through to the upside when the market took out the previous…
Why Oil Prices Are About to Collapse
All is not as it appears in the global oil markets, which have become entirely dysfunctional and no longer fit for its purpose, in my view. I believe that the…
Crude Oil Analysis for the Week of January 9, 2011
February Crude Oil closed higher last week despite the stronger U.S. Dollar and a general aversion to risky assets. This only proves what traders have known for weeks that crude…
Crude Oil Analysis for the Week of January 2, 2011
February Crude Oil had a weak follow-through to the upside after a powerful rally the week before. The thin holiday trade was probably the biggest reason for the lack of…
War Imminent in Straits of Hormuz? $200 a Barrel Oil?
The pieces and policies for potential conflict in the Persian Gulf are seemingly drawing inexorably together. Since 24 December the Iranian Navy has been holding its ten-day Velayat 90…
Crude Oil Analysis for the Week of December 26, 2011
Last week the fundamentals clashed with the technicals in the February Crude Oil futures market and by week’s end the fundamentals clearly won. Even though the contract did not take…
How Oil Prices Affect the Price of Food
The current global food system is highly fuel- and transport-dependent. Fuels will almost certainly become less affordable in the near and medium term, making the current, highly fuel-dependent agricultural production…
Crude Oil Analysis for the Week of December 19, 2011
February Crude Oil confirmed its weekly closing price top at $103.28 with its sell-off through the last minor bottom at $95.16 and a key 50 percent level at $95.15. In…
Price of Oil to Remain High as OPEC Limits World Production
The results of OPEC’s latest meeting to set oil production quotas were on Thursday last week. Instead of production targets for individual countries, a group production ceiling of 30 million…
Crude Oil Analysis for the Week of December 12, 2011
January Crude Oil futures had a strong surge on Friday, but still managed to close lower for the week. Renewed buying helped prices rise for the first time after three…
Crude Oil Analysis for the Week of December 5, 2011
January crude oil finished sharply higher last week. The rally was primarily driven by greater demand for risky assets fueled by a weaker Dollar and stronger equity markets. The market…
Crude Oil Analysis for the Week of November 28, 2011
January Crude Oil closed lower for the second consecutive week but losses could have been worse if not for a strong comeback on Friday. The primary reason for the weakness…
What is Happening with Brent and WTI Oil Prices and what Can We Expect
Back in February, I wrote a post called Why are WTI and Brent Prices so Different? In it, I talked about a number of issues, including pipeline issues, contributing…
Why I Would Approve the Keystone XL Pipeline Despite Environmental Concerns
The following is a lengthy essay explaining why I would approve the Keystone pipeline despite finding myself on the side of those concerned over the negative environmental impact of tar…
Implications of the Recent Rise in Oil Prices
The price of West Texas Intermediate has risen almost $10 a barrel since the start of September, and briefly bumped back above $100 a barrel this week. Here's why I…
Crude Oil Analysis for the Week of November 21, 2011
January Crude Oil futures succumbed to selling pressure last week, reaching a high at $103.37 and forming a closing price reversal top. Once confirmed, this pattern often leads to a…
