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Energy / Oil Prices

Price of Oil to Remain High as OPEC Limits World Production

Price of Oil to Remain High as OPEC Limits World Production

Dec 15, 2011 at 19:53 | Gail Tverberg

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

Crude Oil Analysis for the Week of December 12, 2011

Dec 11, 2011 at 11:16 | FX Empire

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

Crude Oil Analysis for the Week of December 5, 2011

Dec 05, 2011 at 09:42 | FX Empire

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

Crude Oil Analysis for the Week of November 28, 2011

Nov 26, 2011 at 10:51 | FX Empire

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

What is Happening with Brent and WTI Oil Prices and what Can We Expect

Nov 22, 2011 at 18:04 | Gail Tverberg

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

Why I Would Approve the Keystone XL Pipeline Despite Environmental Concerns

Nov 22, 2011 at 17:41 | Robert Rapier

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

Implications of the Recent Rise in Oil Prices

Nov 22, 2011 at 08:47 | James Hamilton

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

Crude Oil Analysis for the Week of November 21, 2011

Nov 20, 2011 at 09:42 | FX Empire

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…

Crude Oil Analysis for the Week of November 14, 2011

Crude Oil Analysis for the Week of November 14, 2011

Nov 14, 2011 at 07:55 | FX Empire

January Crude Oil finished sharply higher for the week, settling well above a key 50% support at $95.29, but below 61.8% resistance at $99.99. Additional Gann angle support is at…

Economic Growth Being Choked by High Oil Prices and Falling Supply

Economic Growth Being Choked by High Oil Prices and Falling Supply

Nov 09, 2011 at 07:51 | Gail Tverberg

I gave a talk on expected financial implications of the oil limits that we are now reaching at a recent meeting of the Association for the Study of Peak Oil-USA.…

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