• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 4 hours WTI @ 67.50, charts show $62.50 next
  • 3 hours Mike Shellman's musings on "Cartoon of the Week"
  • 5 mins Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 3 hours Venezuela set to raise gasoline prices to international levels.
  • 8 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 10 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 3 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 3 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 9 hours Corporations Are Buying More Renewables Than Ever
  • 1 day Oil prices---Tug of War: Sanctions vs. Trade War
  • 1 day California Solar Mandate Based on False Facts
  • 14 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 14 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
Alt Text

Clean Energy Stocks Outperform Oil And Gas

Green energy stocks saw tremendous…

Alt Text

Yieldcos Are Back And Better Than Ever

Yieldcos have had a rocky…

Alt Text

How To Spot Top E&P Stocks In 2018

As sentiment in oil markets…

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trending Discussions

How to Trade the Energy Markets Over the Coming Week

A few quick blog-type posts today to give an overview of the energy picture and how it should be traded in the coming week:

1 - The word from Vienna on Thursday morning from OPEC was an expected zero:  There will be no output changes from the member states, nor an appointment of a new Secretary, whose nationality might give us some insight into the cartel’s organizational direction over the next few years.  Will he be an ally of Saudi Arabia, willing to change outputs to match demands and price?  Or will he be an ally of Iran, needing to pump the maximum no matter the economics in order to fund a shaky economy?  For now, the ‘status quo’ in output would indicate a bearish price move, as shale oil from the US has impacted total global supply while demand is still only slowly recovering; now at only 88mb/d.  I have believed and continue to believe that oil is NOT A SALE here:  while the fundamentals would indicate a drop, there is still the correlation with rising stock indexes and the financial balloons I wrote so much about in my book, “Oil’s Endless Bid”.  I do not see prices going below $87 in the near-term, with upside potential still. 

2 – Some corporate notes:  BP has abandoned development of their enormous $10B Mad Dog oil field in the Gulf of Mexico, at least for now.  There’s a simple case here about the money necessary to develop versus the output and price…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News