Category: Crude Oil
The analysis published under this category are as follows.
Monday, June 14, 2010
BP's Gulf Of Mexico Disaster - Palinology Versus Geology / Politics / Crude Oil
By: Andrew_McKillop
Rooting for further onshore drilling in her Alaskan State, Sarah Palin had this to say against the environmentalists she judges almost exclusively responsible for BP's catastrophe:
Saturday, June 12, 2010
Crude Oil Price Rally Stumbles On Negative Economic News / Commodities / Crude Oil
By: OilPrice_Com
After clawing its way back above $75 a barrel on Thursday for the first time in four weeks, the benchmark oil futures contract fell back again on Friday on news of an unexpected decline in retail sales in the U.S.The end-of-week decline showed how feeble the rally was and how sensitive oil prices remain to economic news.
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Saturday, June 12, 2010
Despite Poor Retail Sales, Crude Oil Prices Near $75 / Commodities / Crude Oil
By: LiveCharts
US retail sales dropped by the largest amount in eight months according to the May numbers released Friday (June 11) morning. This puts a bit of a brief damper on more upbeat economic news of late that has help keep oil prices propped up in the mid-$70s.
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Friday, June 11, 2010
Crude Oil Investing and Forecast Mid 2010 Update / Commodities / Crude Oil
By: Money_Morning
Larry D. Spears writes: While it looked like they were headed towards the $90 a barrel level, oil prices hit a wall in the spring. Rattled investors who worried about the direction of the global economy shunned black gold in favor of real gold as a means of preserving capital.
But don't be fooled. The spring retreat simply set the stage for a second-half rally.
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Thursday, June 10, 2010
High Hurricane Activity Threatens Gulf Oil Production, Cleanup Efforts / Commodities / Crude Oil
By: OilPrice_Com
As hurricane season begins in the Caribbean and Gulf of Mexico, forecasters are predicting higher-than-usual activity that could disrupt oil and gas production in the Gulf and hinder efforts to clean up the Deepwater Horizon oil spill.Read full article... Read full article...
Wednesday, June 09, 2010
Albania, the New Frontier for Crude Oil Investors / Commodities / Crude Oil
By: Marin_Katusa
By Marin Katusa, Chief Market Strategist, Casey Research Energy Division writes: After a troubled past, resource-rich Albania is trying to modernize itself into a good place to do business... and with astonishing success.
Over the years, we've visited Albania more times than we'd care to admit. Although it's not a place we'd recommend for a family vacation, your investment dollars will find a happy home there. Unlike the rocky tale of Albania itself, the latest oil development stories are bound to have a much happier ending.
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Wednesday, June 09, 2010
BP Spill Provides Unprecedented Buying Opportunity for Oil / Commodities / Crude Oil
By: Mac_Slavo
A. Schaef writes: During President Obama’s May 27, 2010 press conference he announced that he would be extending the moratorium on offshore drilling for at least another 6 months. This announcement just happens to coincide with the time of year that the demand for oil historically spikes – the summer time. Of course, all you economics majors out there know that a decrease in production at a time of historically increasing consumption is a recipe for inflated prices.
Tuesday, June 08, 2010
Middle East Producers See More Heavy Oil in their Future / Commodities / Crude Oil
By: OilPrice_Com
Middle East oil countries should increase production of heavy oil as oil prices remain higher and improved technology makes it easier, those attending an industry conference in Bahrain were told.Read full article... Read full article...
Friday, June 04, 2010
How Canadian Oilsands Can Go Green – At Less Than $10/barrel / Commodities / Crude Oil
By: Keith_Schaefer
A large part of Canada’s massive oil sands deposits could become one of the most “green” energies on the planet, by using electricity to heat up and break down the heavy oil. EEOR, or Electrically Enhanced Oil RecoverySM is a new technology being field tested in Saskatchewan by a Canadian junior producer, Deloro Resources.Read full article... Read full article...
Sunday, May 30, 2010
European Crude Oil Supply Competition for Russia / Commodities / Crude Oil
By: Pravda
Russia has been traditionally positioning itself as the prime source of hydrocarbon raw materials for Western Europe. However, European countries also have crude reserves, although they are not enough to cover the current level of oil consumption on the continent. Europe receives most of its oil from the North Sea, where Norway and Britain set their rules.
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Thursday, May 27, 2010
Crude Oil Prices Back Above $73 / Commodities / Crude Oil
By: LiveCharts
Crude oil prices climbed significantly early Thursday (May 27) morning in New York Mercantile electronic trading. After dipping below $70 for a few days thanks to European troubles and the BP oil spill, oil has returned to the $73 level based on speculator expectation for positive US economic news.
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Wednesday, May 26, 2010
White House Admits BP Disaster Worst Oil Spill in US History / Commodities / Crude Oil
By: Global_Research
Andre Damon writes: After downplaying for weeks the significance of the Gulf Coast oil spill, the White House admitted on Monday that the Deepwater Horizon disaster constitutes the worst oil spill in US history. The admission from the White House comes as the Obama administration continues to insist that the response to the oil spill remain in the hands of BP.
Monday, May 24, 2010
Growing Revolutionary Guard Spells Uncertainty For Oil Investors In Iran / Commodities / Crude Oil
By: OilPrice_Com
As the United States edges closer to issuing a fresh round of sanctions against Iran, foreign investors so far unmoved by international pressure will end up doing business with a Revolutionary Guard that makes even local firms nervous, an analyst warns.Read full article... Read full article...
Saturday, May 22, 2010
Crude Oil Prices Remain Under Pressure After Dipping Below $70 a Barrel in Week / Commodities / Crude Oil
By: OilPrice_Com
Crude oil prices ended just above $70 a barrel on Friday after dipping below that threshold earlier in the week. The benchmark June contract for West Texas Intermediate settled at $68.01 before it expired on Thursday, after falling below $65 a barrel in intraday trading.Read full article... Read full article...
Wednesday, May 19, 2010
White House Covers Up Menacing Oil "Blob" / Commodities / Crude Oil
By: OilPrice_Com
In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a frozen oil blob from the oil geyser at the destroyed Deep Horizon off-shore oil rig south of Louisiana. The Navy submarines have trained video cameras on the moving blob, which remains frozen at depths of between 3,000 to 4,000 feet. Because the oil blob is heavier than water, it remains frozen at current depths.
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Wednesday, May 19, 2010
Crude Oil Pschological Plunge Makes OPEC Nervous, Official Says / Commodities / Crude Oil
By: OilPrice_Com
The plunge in oil prices in the wake of the euro crisis has OPEC worried.Qatar oil minister Abdullah bin Hamad Al Attiyah emerged as an unofficial spokesman for the oil cartel over the weekend in a series of news agency reports from the Gulf that signaled the group’s concern.
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Tuesday, May 18, 2010
Peak Oil And Peak Debt / Commodities / Crude Oil
By: Andrew_McKillop
DID HIGH PRICED OIL CAUSE THE CRISIS ?
Attempts are made to try out this argument, in a few diehard neoliberal New Economy circles, for example tracing problems reducing the USA's extreme high, but falling trade deficit, to "stubbornly high" oil prices. Whenever mass unemployment, recession and devaluing the dollar to cut import demand and sell more US products overseas does not work, the handy culprit is high priced oil. Put another way, if US oil imports cost nothing, the trade deficit would be a lot smaller, but the same applies to overseas purchases of US exports like Microsoft Windows or Apple iPhones - if they were given away, importing them would be cheap and easy.
Saturday, May 15, 2010
Oil Prices Drop Further in Week as Euro’s Travails Continue / Commodities / Crude Oil
By: OilPrice_Com
Crude oil prices plunged nearly 4% on Friday and were off almost 20% from their 18-month high less than two weeks ago, as the euro continued to lose ground against the dollar and U.S. oil inventories continued to build.The benchmark West Texas Intermediate contract settled at $71.61 a barrel on Friday, down $2.79 on the day, compared with $75.11 a week earlier, and the lowest price in three months. Oil prices hit an 18-month high of $87.15 on May 3.
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Friday, May 14, 2010
European Economic and Debt Concerns Lead to Crude Oil Price Drop / Commodities / Crude Oil
By: LiveCharts
It’s Europe’s turn to effectively control oil prices as the serious economic concerns of many of the European Union’s top countries has contributed to crude oil slipping to its lowest price in 3 months.
The price of benchmark crude oil set for June delivery fell $1.31 in late Asian trade on the New York Mercantile Exchange to a price of $73.10 at one point.
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Friday, May 14, 2010
Crude Oil Key Reversal Week Makes Bulls See Red / Commodities / Crude Oil
By: Seven_Days_Ahead
This year’s bull run, from an early Feb low, formerly held the promise of a more sustained move. But a recent negative Key Reversal Week is ignored at ones peril – these can be very good signals – and certain support points must now be closely monitored.