Opalesque Commodities Briefing » Oil http://www.opalesque.com/Commodities_Briefing Fri, 17 May 2013 01:03:17 +0000 http://wordpress.org/?v=2.5.1 en WTI fluctuates after gaining most in week; OPEC exports may rise http://www.opalesque.com/Commodities_Briefing/?p=125461 http://www.opalesque.com/Commodities_Briefing/?p=125461#comments Fri, 17 May 2013 01:03:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125461 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125461>Article Link</a> West Texas Intermediate crude swung between gains and losses after rising the most in a week. OPEC was forecast to increase crude exports this month to meet rising demand from Asian refiners. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125461 Expect more LNG diversions from Europe to Asia in 2H13: BofAML http://www.opalesque.com/Commodities_Briefing/?p=125459 http://www.opalesque.com/Commodities_Briefing/?p=125459#comments Fri, 17 May 2013 01:01:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125459 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125459>Article Link</a> LNG prices have fallen on weak demand and high stocks Spot LNG prices in Asia have retreated sharply to $14/MMBtu after reaching a 4-year high of almost $20 in February. Tightness in global LNG markets evaporated as gas demand in North East Asia eased seasonally after the winter and cyclically on rising economic headwinds. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125459 The IEA says peak oil is dead. That’s bad news for climate policy http://www.opalesque.com/Commodities_Briefing/?p=125437 http://www.opalesque.com/Commodities_Briefing/?p=125437#comments Thu, 16 May 2013 01:01:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125437 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125437>Article Link</a> No one—aside maybe from survivalists who’d stocked up on MREs and assault rifles—was really looking forward to a peak-oil world. Read this 2007 GQ piece by Benjamin Kunkel—while we’re discussing topics from the mid-2000s—that imagines what a world without oil would really be like. Think uncomfortable and violent. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125437 Is this the end of an era for OPEC? http://www.opalesque.com/Commodities_Briefing/?p=125436 http://www.opalesque.com/Commodities_Briefing/?p=125436#comments Thu, 16 May 2013 01:00:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125436 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125436>Article Link</a> The commodity axis has shifted, according to the latest International Energy Agency’s (IEA) semi-annual review of the oil market. North America’s shale oil boom is about to revolutionize the oil market, threatening OPEC’s grip on commodities. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125436 Oil demand in developing nations overtakes industrialised world http://www.opalesque.com/Commodities_Briefing/?p=125435 http://www.opalesque.com/Commodities_Briefing/?p=125435#comments Thu, 16 May 2013 01:00:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125435 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125435>Article Link</a> Shale oil has rapidly boosted oil production in the US, presaging a revolution in oil to mirror that in gas production. Developing countries have overtaken the industrialised world for the first time in their thirst for oil, according to the world’s leading energy authority. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125435 Challenging domination of oil’s powerful few http://www.opalesque.com/Commodities_Briefing/?p=125434 http://www.opalesque.com/Commodities_Briefing/?p=125434#comments Thu, 16 May 2013 01:00:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125434 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125434>Article Link</a> For decades the physical oil market has been the unregulated preserve of a few powerful companies. But in the wake of the Libor scandal, it is subject to intense scrutiny. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125434 EU probes global oil price rigging http://www.opalesque.com/Commodities_Briefing/?p=125420 http://www.opalesque.com/Commodities_Briefing/?p=125420#comments Wed, 15 May 2013 01:33:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125420 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125420>Article Link</a> European officials have begun investigating several big oil companies including Shell, BP and Norway’s Statoil over suspected attempts to manipulate global oil prices for more than a decade. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125420 China seen boosting emergency oil-storage capacity, IEA says http://www.opalesque.com/Commodities_Briefing/?p=125419 http://www.opalesque.com/Commodities_Briefing/?p=125419#comments Wed, 15 May 2013 01:33:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125419 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125419>Article Link</a> China will probably commission additional storage sites for its strategic petroleum reserve this year, boosting crude demand even as construction work on the program takes longer than expected, according to the International Energy Agency. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125419 IEA forecasts US to account for a third of new oil supplies http://www.opalesque.com/Commodities_Briefing/?p=125418 http://www.opalesque.com/Commodities_Briefing/?p=125418#comments Wed, 15 May 2013 01:33:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125418 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125418>Article Link</a> The US will account for a third of new oil supplies over the next five years, more than previously expected, according to the International Energy Agency, illustrating the impact of the shale revolution. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125418 Oil shockwaves from U.S. shale boom seen by IEA ousting OPEC http://www.opalesque.com/Commodities_Briefing/?p=125417 http://www.opalesque.com/Commodities_Briefing/?p=125417#comments Wed, 15 May 2013 01:32:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125417 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125417>Article Link</a> The U.S. shale boom will send “shockwaves” through the global oil trade over the next five years, benefiting the nation’s refiners and displacing OPEC as the driver of supply growth, the IEA said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125417 OPEC oil output edges up in April: Platts survey http://www.opalesque.com/Commodities_Briefing/?p=125416 http://www.opalesque.com/Commodities_Briefing/?p=125416#comments Wed, 15 May 2013 01:32:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125416 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125416>Article Link</a> Oil production from the Organization of the Petroleum Exporting Countries rose by 250,000 barrels per day in April from a month earlier to 30.5 million barrels per day, according to a Platts survey of OPEC and oil industry officials and analysts released Monday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125416 Upcoming OPEC meeting to focus on oil market: Iran oil minister http://www.opalesque.com/Commodities_Briefing/?p=125415 http://www.opalesque.com/Commodities_Briefing/?p=125415#comments Wed, 15 May 2013 01:32:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125415 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125415>Article Link</a> Iran’s oil minister says the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) will mainly focus on the situation of the global oil market. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125415 U.S. oil boom leaves OPEC sidelined from demand growth http://www.opalesque.com/Commodities_Briefing/?p=125414 http://www.opalesque.com/Commodities_Briefing/?p=125414#comments Wed, 15 May 2013 01:32:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125414 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125414>Article Link</a> Rising U.S. shale oil production will help meet most of the world’s new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to lift output without risking lower prices, the West’s energy agency said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125414 The world is not running out of oil – but Europe is http://www.opalesque.com/Commodities_Briefing/?p=125413 http://www.opalesque.com/Commodities_Briefing/?p=125413#comments Wed, 15 May 2013 01:31:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125413 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125413>Article Link</a> If Europe thought it had a crisis on its hands in the Eurozone, it’s nothing to the crisis a lack of oil would inflict. Thanks to the EU’s disastrous energy policies, while the world is proving to be awash with black gold in one form or another, Europe is fast losing the security of its oil supply. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125413 Could an oil rally fuel gold prices? http://www.opalesque.com/Commodities_Briefing/?p=125412 http://www.opalesque.com/Commodities_Briefing/?p=125412#comments Wed, 15 May 2013 01:31:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125412 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125412>Article Link</a> Jim Rogers recently said in an interview to Morningstar, that he is not disturbed by the recent tumble in gold prices. “Gold had gone up 12 years in a row, without a down year, which is extremely unusual in any asset. Equally important, gold has only had one 30% correction in 12 years. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125412 Iran hopes OPEC lowers output: oil minister http://www.opalesque.com/Commodities_Briefing/?p=125402 http://www.opalesque.com/Commodities_Briefing/?p=125402#comments Tue, 14 May 2013 04:10:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125402 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125402>Article Link</a> Iran is unhappy with the current oil prices, its oil minister said Monday, hinting at a proposal for the OPEC to lower its output to compensate for a drop in crude prices. “Iran’s suggestion has always been to reduce OPEC production ceiling,” Rostam Qasemi told reporters at a petrochemical conference in Tehran. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125402 Oil prices fall after flat OPEC demand outlook http://www.opalesque.com/Commodities_Briefing/?p=125401 http://www.opalesque.com/Commodities_Briefing/?p=125401#comments Tue, 14 May 2013 04:09:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125401 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125401>Article Link</a> Crude oil prices slipped Friday on renewed global demand worries after OPEC left its 2013 estimate unchanged and reported increased output in April. New York’s main contract, West Texas Intermediate (WTI) for June delivery, closed at $96.04 a barrel, down 35 cents from Thursday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125401 Expect crude oil prices to go down: Emkay http://www.opalesque.com/Commodities_Briefing/?p=125400 http://www.opalesque.com/Commodities_Briefing/?p=125400#comments Tue, 14 May 2013 04:09:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125400 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125400>Article Link</a> Emkay Commodity Research has come out with its report on energy and precious metals. The research firm expects crude oil prices to go down as investors would remain cautious ahead of the manufacturing, GDP and retail sales data to gauge the health of global economy. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125400 Opec sees higher oil demand in second-half 2013 http://www.opalesque.com/Commodities_Briefing/?p=125383 http://www.opalesque.com/Commodities_Briefing/?p=125383#comments Mon, 13 May 2013 00:25:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125383 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125383>Article Link</a> The Opec will need to pump more oil than previously thought to balance the market in 2013 and expects global consumption to be much higher in the rest of the year, the group said in a report ahead of its meeting to set policy on May 31. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125383 US tight crude oil output to touch 2.8 mb/d by 2015, 3.1 mb/d 2020: Barclays http://www.opalesque.com/Commodities_Briefing/?p=125382 http://www.opalesque.com/Commodities_Briefing/?p=125382#comments Mon, 13 May 2013 00:25:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125382 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125382>Article Link</a> A surge in US tight crude oil production has reached 2 mb/d; and it is expected to reach 2.8 mb/d by 2015 and 3.1 mb/d 2020, London based Barclays noted in a report. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125382 Middle East oil markets contracting http://www.opalesque.com/Commodities_Briefing/?p=125362 http://www.opalesque.com/Commodities_Briefing/?p=125362#comments Fri, 10 May 2013 03:13:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125362 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125362>Article Link</a> The Iraqi and Libyan governments said they would help Egypt cope with its economic crisis by offering up crude oil exports. The Egyptian government of President Mohamed Morsi is trying to right the economic ship more than two years after the country’s revolution. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125362 OPEC crude exports to rise on refiner demand, Oil Movements says http://www.opalesque.com/Commodities_Briefing/?p=125361 http://www.opalesque.com/Commodities_Briefing/?p=125361#comments Fri, 10 May 2013 03:12:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125361 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125361>Article Link</a> The Organization of Petroleum Exporting Countries will increase crude exports this month as refiners boost processing ahead of the peak summer travel season, tanker tracker Oil Movements said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125361 What can make WTI crude oil prices to average $90/bbl in 2013 http://www.opalesque.com/Commodities_Briefing/?p=125348 http://www.opalesque.com/Commodities_Briefing/?p=125348#comments Thu, 09 May 2013 03:22:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125348 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125348>Article Link</a> US crude oil inventories are increasing across the board. Commercial crude stocks in the US are sitting at 395 million bbls, an all-time high level and only 37 million bbls away from what Bank of America Merrill Lynch estimates to be tested maximum storage capacity. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125348 As imports wane, U.S. has room to cut strategic oil reserve http://www.opalesque.com/Commodities_Briefing/?p=125347 http://www.opalesque.com/Commodities_Briefing/?p=125347#comments Thu, 09 May 2013 03:22:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125347 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125347>Article Link</a> Is the U.S. holding too much crude oil in its rainy-day reserve? After the Arab oil embargo of 1973, the major industrialized nations agreed to build emergency stockpiles to guard against supply shocks and prolonged price spikes. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125347 OPEC April oil output at 5-month high http://www.opalesque.com/Commodities_Briefing/?p=125340 http://www.opalesque.com/Commodities_Briefing/?p=125340#comments Wed, 08 May 2013 02:25:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125340 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125340>Article Link</a> The Organization of the Petroleum Exporting Countries raised its oil output in April to its highest level in five months, the U.S. government said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125340 OPEC appoints Saudi in top research post over http://www.opalesque.com/Commodities_Briefing/?p=125339 http://www.opalesque.com/Commodities_Briefing/?p=125339#comments Wed, 08 May 2013 02:25:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125339 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125339>Article Link</a> OPEC has appointed a Saudi Arabian candidate as its head of research over an Iranian, OPEC delegates told Reuters on Tuesday following a meeting at the organization’s headquarters in Vienna. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125339 What the US dollar can tell us about the oil market http://www.opalesque.com/Commodities_Briefing/?p=125338 http://www.opalesque.com/Commodities_Briefing/?p=125338#comments Wed, 08 May 2013 02:25:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125338 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125338>Article Link</a> Many investors study supply and demand statistics to figure out where they think the oil price is going. But by far, the biggest factor that determines the oil price is the US dollar, says Donald Dony, who pens The Technical Speculator investment newsletter. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125338 Don’t count your chickens or your oil wells before they hatch http://www.opalesque.com/Commodities_Briefing/?p=125337 http://www.opalesque.com/Commodities_Briefing/?p=125337#comments Wed, 08 May 2013 02:24:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125337 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125337>Article Link</a> If one is to believe the hype and the optimism going around Lebanon these days, one would think that every Lebanese citizen, or at least those residing in Lebanon, is going to strike the jackpot and join the ranks of the Gulf Arab millionaires once drilling in the newly discovered offshore oil and natural gas fields begins. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125337 IEA: Outlook bleak for EU gas sector http://www.opalesque.com/Commodities_Briefing/?p=125336 http://www.opalesque.com/Commodities_Briefing/?p=125336#comments Wed, 08 May 2013 02:24:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125336 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125336>Article Link</a> There’s not much to suggest the European natural gas market will make dramatic gains any time soon, the International Energy Agency said. The IEA said in its monthly journal that European countries consumed 8 percent more natural gas in 2010, erasing the 6 percent decline that coincided with economic crises in 2009. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125336 Why natural gas prices will soar in the future http://www.opalesque.com/Commodities_Briefing/?p=125323 http://www.opalesque.com/Commodities_Briefing/?p=125323#comments Tue, 07 May 2013 03:36:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125323 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125323>Article Link</a> Maybe it’s the gloomy Seattle weather that has made investment manager Jim Hansen and his son and partner, Kevin, at Ravenna Capital Management immune to oil and gas industry hype about the supposed U.S. shale gas “revolution.” More likely it is thorough research focused on making their clients money and keeping that money out of harm’s way. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125323 Oil: Price higher as market eyes Syria, Israel http://www.opalesque.com/Commodities_Briefing/?p=125322 http://www.opalesque.com/Commodities_Briefing/?p=125322#comments Tue, 07 May 2013 03:36:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125322 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125322>Article Link</a> The price of oil edged higher Monday as tension increased between Syria and Israel. The benchmark oil contract for June delivery rose 55 cents to close at $96.16 per barrel on the New York Mercantile Exchange. It was the third straight day of gains for oil, and the first close above $96 since April 2. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125322 How the OPEC cartel undermines American consumers and business operations http://www.opalesque.com/Commodities_Briefing/?p=125321 http://www.opalesque.com/Commodities_Briefing/?p=125321#comments Tue, 07 May 2013 03:36:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125321 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125321>Article Link</a> If oil prices across the globe don’t seem to square with what one would expect in a free market system, there’s a reason for that. The OPEC cartel, according to a new published by Securing America’s Future Energy (SAFE): (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125321 Oil spill regulations to result in energy company mergers http://www.opalesque.com/Commodities_Briefing/?p=125320 http://www.opalesque.com/Commodities_Briefing/?p=125320#comments Tue, 07 May 2013 03:35:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125320 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125320>Article Link</a> A raft of mergers in the US oil sector has been predicted as smaller companies will find it difficult to comply with new regulations introduced after BP’s Macondo oil spill in the Gulf of Mexico. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125320 The oil and gold booms are over http://www.opalesque.com/Commodities_Briefing/?p=125306 http://www.opalesque.com/Commodities_Briefing/?p=125306#comments Mon, 06 May 2013 02:01:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125306 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125306>Article Link</a> The wreckage caused by China’s great, juddering slowdown continues to spread far beyond the country’s shores. Although most commodities enjoyed a bounce on May 3, after better-than-expected U.S. employment data, the plunge in their prices over the past few months suggests the past decade’s rally is truly broken. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125306 Positive effects of higher oil prices http://www.opalesque.com/Commodities_Briefing/?p=125302 http://www.opalesque.com/Commodities_Briefing/?p=125302#comments Mon, 06 May 2013 02:00:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125302 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125302>Article Link</a> Oil prices have moved around quite a bit of late, and the price of U.S. benchmark crude oil has even dipped below $90 a barrel. Lower oil prices are great for consumers, and they’re one reason we might actually be able to afford gas this summer. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125302 Why troublemakers are good for oil majors http://www.opalesque.com/Commodities_Briefing/?p=125301 http://www.opalesque.com/Commodities_Briefing/?p=125301#comments Mon, 06 May 2013 01:59:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125301 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125301>Article Link</a> Major Western oil companies also did well during the oil boom, but nowhere near as much. Large integrated companies such as Exxon Mobil aren’t as leveraged to oil prices. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125301 Hope for low oil prices, don’t plan for it http://www.opalesque.com/Commodities_Briefing/?p=125300 http://www.opalesque.com/Commodities_Briefing/?p=125300#comments Mon, 06 May 2013 01:59:38 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125300 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125300>Article Link</a> An age-old question to which no one has a definitive answer, but which is continually asked, is back on the agenda. Is the price of oil headed inexorably downward? There are several reasons why this question is being asked. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125300 Oil price forecast for 2013-2014: Falling prices http://www.opalesque.com/Commodities_Briefing/?p=125286 http://www.opalesque.com/Commodities_Briefing/?p=125286#comments Fri, 03 May 2013 03:18:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125286 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125286>Article Link</a> Oil prices are headed down, and I mean down at least $20 a barrel. The key reason is that prices have been high. It’s not a paradox, but a result of the long time lags in oil production. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125286 Why oil prices will remain high despite the U.S. oil boom http://www.opalesque.com/Commodities_Briefing/?p=125285 http://www.opalesque.com/Commodities_Briefing/?p=125285#comments Fri, 03 May 2013 03:17:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125285 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125285>Article Link</a> The U.S. is experiencing a boom in the production of oil. Only since the beginning of 2011, oil production in the U.S. has gone up by 30%, from 5.5 million barrels per day (mbd) to 7.2 mbd. Just this week, the U.S. Geological Survey announced that the amount of technically recoverable oil in North Dakota was tripled from a previous estimate – so this boom is unlikely to fall away in the short term. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125285 Oil down as OPEC says exports are steady http://www.opalesque.com/Commodities_Briefing/?p=125284 http://www.opalesque.com/Commodities_Briefing/?p=125284#comments Fri, 03 May 2013 03:17:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125284 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125284>Article Link</a> Oil futures are trading slightly lower in Friday’s Asian as traders take profits and look toward the U.S. non-farm payroll report due out later Friday. On the New York Mercantile Exchange, light, sweet crude futures for June delivery fell 0.20% to USD93.81 per barrel in Asian trading Friday after settling up 2.37% at USD93.19 a barrel on Thursday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125284 OPEC exports seen stable amid ‘glum’ demand, Oil Movements says http://www.opalesque.com/Commodities_Briefing/?p=125283 http://www.opalesque.com/Commodities_Briefing/?p=125283#comments Fri, 03 May 2013 03:17:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125283 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125283>Article Link</a> The Organization of Petroleum Exporting Countries will keep shipments little changed this month as “glum” demand in the U.S. and Europe counters rising consumption in Asia, tanker tracker Oil Movements said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125283 Demand jitters take oil price back below $100 http://www.opalesque.com/Commodities_Briefing/?p=125265 http://www.opalesque.com/Commodities_Briefing/?p=125265#comments Thu, 02 May 2013 03:24:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125265 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125265>Article Link</a> Oil prices have lost the key $100 a barrel level for the second time in a month as poor economic data from China and the US added to jitters about demand. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125265 Oil price forecast for 2013-2014: Falling prices http://www.opalesque.com/Commodities_Briefing/?p=125264 http://www.opalesque.com/Commodities_Briefing/?p=125264#comments Thu, 02 May 2013 03:24:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125264 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125264>Article Link</a> Oil prices are headed down, and I mean down at least $20 a barrel. The key reason is that prices have been high. It’s not a paradox, but a result of the long time lags in oil production. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125264 Saudis dare U.S. to play oil ball http://www.opalesque.com/Commodities_Briefing/?p=125263 http://www.opalesque.com/Commodities_Briefing/?p=125263#comments Thu, 02 May 2013 03:24:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125263 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125263>Article Link</a> The latest assessment of the estimated oil reserves in the Bakken and Three Forks formation in the northern U.S. plains states was about twice as much as previously thought. Those plays, spread out over North Dakota, South Dakota and Montana, could bring the United States one step closer to energy independence, the U.S. interior secretary said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125263 OPEC to try to break deadlock over selecting its next secretary general http://www.opalesque.com/Commodities_Briefing/?p=125262 http://www.opalesque.com/Commodities_Briefing/?p=125262#comments Thu, 02 May 2013 03:23:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125262 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125262>Article Link</a> OPEC is again attempting to break the deadlock over selecting its next secretary general, after rivalry between Saudi Arabia and Iran last year prevented a new candidate being named to its top administrative post. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125262 7 reasons why oil prices won’t plunge http://www.opalesque.com/Commodities_Briefing/?p=125238 http://www.opalesque.com/Commodities_Briefing/?p=125238#comments Tue, 30 Apr 2013 03:38:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125238 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125238>Article Link</a> The United States is in the midst of a miraculous supply boom that has seen domestic oil output soar by more than 1 million barrels per day in the past year to the highest levels in decades. U.S. oil output is now at 6.5 million bbl per day, in third place after Saudi Arabia and Russia (both at roughly 9.8 million bpd). And the growth shows no sign of slowing down. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125238 What to do about OPEC? http://www.opalesque.com/Commodities_Briefing/?p=125237 http://www.opalesque.com/Commodities_Briefing/?p=125237#comments Tue, 30 Apr 2013 03:37:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125237 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125237>Article Link</a> Cato hosted a policy forum last week (which you can watch in its entirety if you missed it the first time around) to discuss a new paper released by Security America’s Energy Future (SAFE). The paper – written by long-time friends Andy Morriss and Roger Meiners – argues that there is a consensus among academics who have studied OPEC. The consensus? (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125237 Libya pushing for bigger role in OPEC http://www.opalesque.com/Commodities_Briefing/?p=125236 http://www.opalesque.com/Commodities_Briefing/?p=125236#comments Tue, 30 Apr 2013 03:37:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125236 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125236>Article Link</a> Libya will seek to increase its oil output quota within the Organization of the Petroleum Exporting Countries (Opec) once it is sure it can produce 1.7 million barrels per day (mbpd), up from about 1.5 million currently, Oil Minister Abdelbari Al Arusi said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125236 WTI crude rises to near two-week high; OPEC basket above $100 http://www.opalesque.com/Commodities_Briefing/?p=125235 http://www.opalesque.com/Commodities_Briefing/?p=125235#comments Tue, 30 Apr 2013 03:36:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125235 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125235>Article Link</a> West Texas Intermediate crude advanced to near its highest closing level in more than two weeks. OPEC’s reference price rebounded above $100 a barrel. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125235 Short term oil market predictions from OPEC and the EIA http://www.opalesque.com/Commodities_Briefing/?p=125217 http://www.opalesque.com/Commodities_Briefing/?p=125217#comments Mon, 29 Apr 2013 01:55:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125217 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125217>Article Link</a> Just this month Saudi Aramco announced that production had begun at their Manifa oilfield, and by July would be supplying up to 500 kbd to the new refinery that is being built at Jamail with the collaboration of Total. The first oil from the refinery is expected to ship in August, and both projects are currently ahead of schedule. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125217 Weakening demand keeps oil below USD100 http://www.opalesque.com/Commodities_Briefing/?p=125216 http://www.opalesque.com/Commodities_Briefing/?p=125216#comments Mon, 29 Apr 2013 01:55:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125216 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125216>Article Link</a> Indeed, Saudi Arabia and the UAE are among the countries most vulnerable to an oil price shock, the bank says.Brent crude prices have declined 12.5% this month alone, as traders worry about declining demand and rising output notably from the United States, the North Sea, Canada, Iraq and Libya. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125216 OPEC to bolster exports on Asian demand, Oil Movements reports http://www.opalesque.com/Commodities_Briefing/?p=125195 http://www.opalesque.com/Commodities_Briefing/?p=125195#comments Fri, 26 Apr 2013 03:32:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125195 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125195>Article Link</a> The Organization of Petroleum Exporting Countries will increase shipments by 60,000 barrels a day through to the middle of May because of rising demand in Asia, according to tanker tracker Oil Movements. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125195 China to overtake US as main oil importer by 2014 says OPEC http://www.opalesque.com/Commodities_Briefing/?p=125194 http://www.opalesque.com/Commodities_Briefing/?p=125194#comments Fri, 26 Apr 2013 03:32:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125194 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125194>Article Link</a> Imports to China may surpass 6 million barrels a day by the end of this year, according to an e-mailed report from the Organization of Petroleum Exporting Countries. US oil imports declined 21% last year, according to the US Energy Information Administration. Shipments may drop below 6 million a day in 2014, according to OPEC. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125194 Oil holds above $100 on fear of Opec cut http://www.opalesque.com/Commodities_Briefing/?p=125177 http://www.opalesque.com/Commodities_Briefing/?p=125177#comments Thu, 25 Apr 2013 02:49:06 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125177 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125177>Article Link</a> Brent crude held above $100 a barrel on Wednesday, supported by fear that the Organisation of Petroleum Exporting Countries (Opec) could cut supply if prices fall further, although data from major economies pointing to slower growth and fuel demand capped gains. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125177 Iran in talks with OPEC members to maintain oil price around $100 http://www.opalesque.com/Commodities_Briefing/?p=125176 http://www.opalesque.com/Commodities_Briefing/?p=125176#comments Thu, 25 Apr 2013 02:48:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125176 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125176>Article Link</a> Iran considers the logical price of crude to be around $100 to $120 a barrel, the Mehr News Agency quoted him as saying.”It is possible to reach an agreement on the issue of oil price without holding an emergency meeting,” he said. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125176 Official: Iran talking with OPEC members over crude prices http://www.opalesque.com/Commodities_Briefing/?p=125175 http://www.opalesque.com/Commodities_Briefing/?p=125175#comments Thu, 25 Apr 2013 02:48:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125175 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125175>Article Link</a> Crude oil prices have recently dropped to near $101 ahead of the next OPEC meeting on May 31. “Negotiations and consultations have begun with OPEC members and it is likely that an agreement could be reached between the members without holding any extraordinary meeting,” Nikzad Rahbar said on Tuesday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125175 The collapse of OPEC power http://www.opalesque.com/Commodities_Briefing/?p=125174 http://www.opalesque.com/Commodities_Briefing/?p=125174#comments Thu, 25 Apr 2013 02:48:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125174 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125174>Article Link</a> Since its inception in 1960, OPEC has never been shy in flexing its energy-fuelled power over the West. But those days are gone. And it’s not just the US and Israeli shale gas and oil revolution which threatens OPEC decline. OPEC is already grappling with a whole bunch of serious energy problems that are colluding to hasten its demise. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125174 Oil price falls below $100 on muted fuel demand http://www.opalesque.com/Commodities_Briefing/?p=125155 http://www.opalesque.com/Commodities_Briefing/?p=125155#comments Wed, 24 Apr 2013 03:12:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125155 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125155>Article Link</a> Brent crude fell below $100 a barrel on Tuesday after manufacturing data from China pointed to a lukewarm recovery in the second quarter, denting the outlook for fuel demand in the world’s second largest oil consumer. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125155 Iran in talks with OPEC members to maintain oil price around $100 http://www.opalesque.com/Commodities_Briefing/?p=125154 http://www.opalesque.com/Commodities_Briefing/?p=125154#comments Wed, 24 Apr 2013 03:12:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125154 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125154>Article Link</a> Iran is currently negotiating with members of the Organization of Petroleum Exporting Countries to maintain oil prices around $100 in international markets, Iranian oil ministry spokesman Alireza Nikzad stated on Tuesday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125154 Oil investments, producer governments need $100/b price: Total http://www.opalesque.com/Commodities_Briefing/?p=125153 http://www.opalesque.com/Commodities_Briefing/?p=125153#comments Wed, 24 Apr 2013 03:11:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=125153 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=125153>Article Link</a> Crude oil prices at “roughly” $100/barrel are required for future upstream investments in unconventional oil production as well as for the sustainability of producer governments, Xavier Preel, vice president for Middle East E&P at France’s Total, said Tuesday. (more…)

]]> http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=125153