 |
Louisiana Light • 4 days | 91.40 | +0.24 | +0.26% | ||
|
Bonny Light • 1 day | 94.55 | -1.05 | -1.10% | ||
|
Opec Basket • 4 days | 95.73 | +0.72 | +0.76% | ||
|
Mars US • 16 hours | 88.38 | -0.35 | -0.39% | ||
|
Gasoline • 10 mins | 2.524 | -0.020 | -0.78% |
|
Bonny Light • 1 day | 94.55 | -1.05 | -1.10% | ||
|
Girassol • 1 day | 95.92 | -0.63 | -0.65% | ||
|
Opec Basket • 4 days | 95.73 | +0.72 | +0.76% |
|
Peace Sour • 8 hours | 84.18 | -0.35 | -0.41% | ||
|
Light Sour Blend • 8 hours | 84.68 | -0.35 | -0.41% | ||
|
Syncrude Sweet Premium • 8 hours | 93.28 | -0.35 | -0.37% | ||
|
Central Alberta • 8 hours | 84.18 | -0.35 | -0.41% |
|
Eagle Ford • 4 days | 86.51 | +0.40 | +0.46% | ||
|
Oklahoma Sweet • 4 days | 86.50 | +0.50 | +0.58% | ||
|
Kansas Common • 4 days | 80.25 | +0.25 | +0.31% | ||
|
Buena Vista • 5 days | 95.08 | -0.15 | -0.16% |
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
High Commodity Prices and, in Particular, High Oil Prices are Deflationary
As the European Central Bank (ECB) prepares to raise interest rates to prevent inflation, the bank cites rising commodity prices, particularly oil prices, as a sign of that inflation. What…
Oil Price Development from the Perspective of the Austrian School of Economics
Austrian School opens up new angle on oil price development. In our Oil Report 2010 we analysed the development of the oil price for the investors for the first time…
Current Oil Prices are Simply a Money Grab and Fear Trade
Oil is selling higher than it should do. Speculation is just one of the reasons, but a significant one. After being bailed out, pardoned for their crimes, and otherwise given…
High Oil Prices are Not here to Stay
One hundred dollar oil sends a shiver through the economy. One hundred ten dollar oil gets consumer reactions. If oil prices stay climbing the consuming economic players will respond with…
Spread Between WTI and Brent Should Decrease in the Medium Term
The spread between WTI (NYMEX) and Brent (ICE) has seen a drastic widening recently. Historically speaking, WTI tends to trade USD 1.30 higher, but currently Brent exceeds WTI by USD…
Will Oil Price Increases Trigger the Next Recession?
The following chart illustrates the global economic slump in 2008. The Baltic Dry index is the benchmark index for global freight rates of bulk goods (among others iron ore, copper,…
Why Oil Will Peak on Friday
Texas tea has undergone the perfect storm over the past month, with the Middle Eastern dominoes falling one by one. It was the worst case scenario times five, and all…
Oil Prices are Heading Higher as Middle East Troubles are Far From Over
“there’s so much unrest that one can actually sense or imagine unknown nano-particles of rage colliding in mid-air...” (Source: a private person who screens Middle East media for me and…
The Largest Risk to the US Economy Today is an Oil Shock – Awareness of this Risk is Minimal
Steve Kopits, Managing Director of Douglas-Westood consulting firm, made a presentation called “Oil, the Economy, and Policy” to the US House of Representatives Energy Subcommittee recently that I thought was…
Obama Attempting to Talk Down High Oil Prices
Civil war in Libya. A regime change in Egypt. Growing unrest in Bahrain and Yemen. Protests in Iran. And growing anxiety over the contagion of civil uprising in places like…
Could a Variable Oil Tax Make this the Last Oil Price Shock?
It must be Groundhog Day. Events in Libya have pushed world oil prices over $100 a barrel yet again. Retail gasoline prices, usually low this time of year, are at…
Crude Oil Price Hits $120
Crude oil from the “light end of the barrel” hit $120 this morning. Forget what Bernanke and the MSM are telling you. They keep showing the WTI price. Even supposedly…
At Least One Eurozone Country Will Default if Brent Crude Rises to $150 a Barrel
If the price of Brent crude oil surges to $150 a barrel, one eurozone country will default and the whole region will fall into recession, according to Marie Diron of…
$100 Oil and the Economy – Is the Worst Behind Us?
Some folks look at the $100 oil price and conclude that it has stabilized and that everything will be OK. They argue one can now sell the oil stocks and…
High Oil Prices and Recessions
The idea that high oil prices cause recessions shouldn’t be any surprise those who have been following my writings, or those of Dave Murphy, or those of Jeff Rubin. Yesterday,…
How Would the Economy be Affected by $100 Oil?
Oil has crossed the $100 threshold a couple times in the last day or so, but there’s still a lot of confusion over what that means. To be sure, predicting…
Don’t Compare the Current Oil Situation to $140 Oil in 2008
There’s been too much cacophony about the Libya unrest. Rather than be beholden to the sensationalist financial media and just fear monger over Oil prices, it’s a better idea to…
Nomura: $220 Oil Possible if Libya and Algeria Halt Oil Production
Forget the biggies. If just Algeria and Libya were forced to stop production, oil could rocket to $220.That's according to Nomura (via ZeroHedge): We have identified three distinct…
The True Cost of High Oil
Economists are furiously downsizing their economic growth forecasts for 2011 in the wake of the oil price spike, both for the US and for the world at large. Since last…
Why are WTI and Brent Prices so Different?
We have all heard at least a partial explanation as to why West Texas Intermediate (WTI) and Brent prices are so far apart. We have been told that the Midwest…
