Dan Steffens

Latest articles from Dan

• The OPEC+ Deal Was The First Step To $100 Oil

  Published 10 December 2019 | viewed 72,483 times

  The price of oil has been trapped in the mid-$50s because of fear: 1) Fear that OPEC+ would break ranks and flood the global market…

• The Counterintuitive Cure For Low Oil Prices

  Published 23 October 2019 | viewed 62,452 times

  Before I get into the reasoning for my belief that oil prices must go higher very soon to avoid a serious supply shortage next summer,…

• Shale Slowdown Could Trigger Major New Oil Price Rally

  Published 09 September 2019 | viewed 73,051 times

  Two weeks ago, Oilprice.com published my notes which supported my belief that U.S. oil production has “hit a wall”. Last week, EIA confirmed my conclusion.…

• The Real Reason Why US Oil Production Has Peaked

  Published 25 August 2019 | viewed 84,467 times

  One of the basic assumptions or “Paradigms” that is keeping a lid on the price of oil is the belief that U.S. oil production will…

• What’s Keeping Investors Away From Energy Stocks?

  Published 28 July 2018 | viewed 15,971 times

  The prices of crude oil and natural gas liquids are much higher than they were a year ago and the outlook for natural gas prices…

• The Top Natural Gas Players In 2018

  Published 29 April 2018 | viewed 40,018 times

  Upstream companies that get the majority of their revenues from the sale of natural gas and the associated natural gas liquids have been out of…

• Oil Prices Poised To Rise As Cycle Comes To An End

  Published 02 April 2018 | viewed 89,089 times

  Each month, I publish reports on ten to fifteen publicly traded upstream oil & gas companies. Part of each report is my estimation of what…

• What Is The Right Price For Oil In A Balanced Market?

  Published 21 February 2018 | viewed 35,694 times

  The price of oil is well off the low for this cycle because the OPEC + Russia plan to rebalance supply & demand has worked.…

• Why Isn't Wall St. Backing The Next Shale Boom?

  Published 07 December 2017 | viewed 23,044 times

  Only four of the companies in our Large-Cap Growth Portfolio are trading today in the upper half of their 52-week ranges: Concho Resources (CXO), Continental…

• Why The Right Price For Oil Is Between $60 And $70

  Published 14 May 2017 | viewed 50,310 times

  Before we get into this topic, let me remind readers that crude oil prices are determined on the global market and natural gas & natural…

• Forget The Pullbacks – Oil To See Strong Rebound In 2017

  Published 23 August 2016 | viewed 114,433 times

  August 11, 2016 may be the point in this oil price cycle that will mark the start of a sustained increase in crude oil prices.…

• Forget The Glut – This Is Why Oil Prices Will Rise

  Published 25 July 2016 | viewed 109,537 times

  The rate of oil production decline in the United States will accelerate in the 3rd quarter. It has already started. Per the EIA: In the…

• Expect Much Higher Oil Prices As The Cycle Comes To An End

  Published 15 June 2016 | viewed 105,566 times

  In my last article for OilPrice.com (May 16, 2016), I laid out my reasoning for a prediction that the Global Oil Markets would soon be…

• Oil Price Spike Is Not As Far Away As Many Think

  Published 16 May 2016 | viewed 78,372 times

  We are beginning to see the first real signs of the global oil markets moving rapidly back into balance. OPEC, which produces approximately 40 percent…

• Forget Doha. The Fundamentals Are Moving In The Right Direction

  Published 18 April 2016 | viewed 33,834 times

  I really don’t think it matters what happened at the OPEC + Russia meeting in Doha, Qatar on April 17. Agreements between those characters don’t…

• Oil Prices Will Recover: Market Fundamentals Are Working

  Published 18 March 2015 | viewed 48,778 times

  On St. Patrick’s Day the U.S. Energy Information Administration (EIA) reported that oil production from three of America’s largest shale plays is in decline. The…

• No Real Oil Price Relief Until Q3

  Published 03 March 2015 | viewed 28,769 times

  Most of the publicly traded upstream oil & gas company share prices have moved up off the lows they set in December and January as…

• Increasing Demand For Refined Products Will Increase Oil Prices

  Published 27 January 2015 | viewed 36,299 times

  In last week’s article I posted a chart from the International Energy Agency’s recent Oil Market Report that shows global demand for refined products catching…

• IEA Provides First Sign That Tide May Be Turning For Oil Prices

  Published 19 January 2015 | viewed 19,966 times

  Last week, energy investors got the first of several reports that should confirm for Wall Street analysts that the physical markets for crude oil are…

• The Age Of Cheap Oil Is Over

  Published 13 January 2015 | viewed 35,714 times

  The longer I look at what is going on today with oil prices the less it makes sense to me. I know there are a…