Commodity analysts at Standard Chartered…
There are several bullish factors…
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…
Almost three-quarters of top oil industry participants surveyed by Reuters feel that financial speculation contributes to oil price volatility, but many of them think new regulations to curb speculation may…
Human beings resist change until there is no other choice, and then they adapt and habituate rather quickly. Human beings are remarkably adept at short-sightedness and denial. 100,000 years of…
Oil Market Summary for 04/19/2010 to 04/23/2010. After languishing most of the week, crude oil prices galloped to the finish line on Friday, tacking on 1.7% and recouping most of…
Crude futures ended at their lowest point this month Friday, as investors fled riskier assets after regulators charged Goldman Sachs with fraud. West Texas Intermediate (WTI) crude for May delivery…
Oil Market Summary for 04/12/2010 to 04/16/2010. Oil prices plunged on Friday after the U.S. Securities and Exchange Commission charged Goldman Sachs with fraud in its marketing of certain subprime…
Ten of the 11 recessions in the United States since World War II have been preceded by a sharp increase in the price of crude petroleum. Oil had been…
Oil Market Summary for 04/05/2010 to 04/09/2010. Crude oil prices ended the week virtually unchanged from a week ago as optimism about demand warred with trepidation about historically high inventories…
Oil Market Summary for 03/29/2010 to 04/02/2010 In a week shortened by a holiday, crude oil futures reached an 18-month high, but U.S. jobless data released on Friday while commodities…
On wednesday, the Obama administration announced comprehensive new regulations on offshore oil and gas drilling. Potentially opening some significant new acreage previously off limits to the petroleum industry. Under the…
OPEC member countries have resumed work on 35 new projects that will increase production capacity by 5 million barrels a day, adding to concerns that the increasing world capacity will…
"The numbers in this report can't be right -- and yet the market is reacting to them!" -- there's a complaint we've heard so many times about USDA reports, but…
The debate about “peak oil” flared up again following a new report from Oxford University claiming that conventional oil reserves are inflated by a third and that added reserves from…
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