Category Archives: Crude Oil

Oil on troubled markets – FT

The FT’s John Authers reports from New York as shares in energy companies drop alongside a sharp fall in oil prices. Supply of oil was higher than expected, pushing prices further down. Click here for more Authers Note videos http://video.ft.com/Authers-NoteContinue reading

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Opec resists falling oil prices action – FT

Oil prices are down 25 per cent since mid-June, with Saudi Arabia, Opec’s largest producer, resisting a production cut. Standard Chartered’s Paul Horsnell discusses with Anjli Raval if some members that are suffering more will be demanding action. For more … Continue reading

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US oil exports: step change ahead? – FT

Many US producers are pushing to loosen the country’s ban on crude oil exports. The FT’s Anjli Raval asks Jason Bordoff, former Obama advisor and current director for the Center on Global Energy Policy at Columbia University, about the likelihood … Continue reading

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Shale Plays

Great article and graphic in Monday’s Investor’s Business Daily about the country’s shale plays and how Texas is becoming a top oil producing region. Oil coaxed from the rapidly developing Eagle Ford and Permian Basin production areas recently lifted the … Continue reading

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ISIS Selling Black Market Crude for $30 bbl

A friend sent over the following article from EnerCom Consulting quoting Reuters that Exxon and Chevron evacuated their staffs from Iraqi Kurdistan this morning.   They also reported, ABC News reports that analysts estimate ISIS currently makes $1 million a day … Continue reading

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Money talks – Economist

Good discussion on the world liquefied natural gas market. This week: Creating a world liquefied natural gas market, paying people to switch the power off, and environmentally friendly caviar. – Economist (click here if video is not observable)  

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Gas expenditures as % income at 30-year high

Paid over $4.00 a gallon this weekend.  This high this early in the year brings the gas price back on the macro radar screen. The EIA notes, Gasoline expenditures in 2012 for the average U.S. household reached $2,912, or just … Continue reading

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Trannies Leading Crude Oil Higher

We’ve posted (see here) how the Dow Jones Transportation Index can be a leading indicator for the downside direction of crude.   It makes sense as the transportation sector consumes over 70 percent of U.S.  petroleum production and imports.  See chart. … Continue reading

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Venezuela Leadership Concerns

It was just three months ago that a majority of Venezuelans re-elected their charismatic and controversial president – only to see his cancer return. At the Quinta Crespo Market in Caracas, people go about their business as usual, even in … Continue reading

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Russian Rouble Tumbles With Oil Prices

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