While speculating on commodities is simple, in that the price rises when there's more demand than supply, the problem is that you're competing against large industry insiders who have deep inside information. The largest insiders of all can move prices on their own, and there are tons of outside events that can move supply quickly. Show More Summary
By Modeled Behavior: By Karl Smith I like to keep an eye out for scenarios that may be unlikely, but if they unfold will come on fast and without the types of warning signs that people expect. Here is one. Steel prices are already moving downward. Show More Summary
Hickey and Walters (Bespoke) submit:
As we noted last week, the price of WTI crude oil broke a series of lower highs recently and traded to its highest levels of the year. While crude oil prices are elevated, though, gasoline prices have remained contained. Show More Summary
Pump price falls to a national average of $3.626 per gallon.
As we noted last week, the price of WTI crude oil broke a series of lower highs recently and traded to its highest levels of the year. While crude oil prices are elevated, though, gasoline prices have remained contained. So does that...Show More Summary
Crude prices have been hovering around the $100 mark for most of the year, which has made oil exploration a profitable affair (again). But hydrocarbon land reserves are depleting while inflationary pressures are adding up. This has made exploration of high margin oil fields almost a necessity. This is one of the reasons why Seadrill Ltd [...]
The price of oil rose, before the conclusion of a US Federal Reserve meeting. ||| Bangkok - The price of oil rose Wednesday, before the conclusion of a US Federal Reserve meeting. Benchmark oil for July delivery rose 48 cents to $98.92 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. Show More Summary
Everyone knows the commodities supercycle is coming to an end as a result of slowing demand in China. In a new note, Deutsche Bank's Taimur Baig and Jun Ma zero in specifically on the implications for declining global oil demand. WeShow More Summary
By Matthew Bradbard: In the last 10 weeks crude oil has added $12/barrel, lifting prices as of this post to four month highs with August futures flirting with the $100/barrel level. Not that the fundamentals have mattered in the energy complex but crude oil inventories are at the highest levels they've been in years. Show More Summary
Russia needs to carry out “ambitious” economic policy reforms to realize the economy’s midterm potential and reduce its vulnerabilities to a slump in oil prices or acceleration of capital outflows, the International Monetary Fund said Tuesday.
For the first time in nearly 20 years, government estimates project that te U.S. will produce more oil than it imports. Not only should this bring stability to American pump prices, but it also provides a great opportunity to make money through energy stocks. Exxon Mobil Corporation (NYSE:XOM) and ConocoPhillips (NYSE:COP) are two big names [...]
With steam coal prices continuing to be weak due to the inroads made by natural gas, Natural Resource Partners has decided if you can't beat 'em, join 'em. It announced Monday it is buying producing oil and gas properties located inShow More Summary
The slump in natural gas prices last year hit more than just producers’ earnings. Because of how companies are required to record reserves, impairments due to the collapse in natural gas prices caused earnings at the top 50 oil and gas reserve holders to drop by $26.4 billion in 2012. This highlights the importance of [...]
Natural gas prices have been steadily rising over the last year, and ConocoPhillips (NYSE:COP) witnessed a 6% improvement in its cash margins in the last quarter as a result. The company produces around 40% natural gas, while petroleum liquids account for the rest. This allows ConocoPhillips to perform in line with the rising gas prices. [...]
There’s no getting around it: The global oil market is complex. Prices can change because of the slightest disruption in the market, and sometimes because of an anticipated disruption where nothing has even happened yet. Still, there are some simple truths that give us a general idea of where oil and gas prices are heading. [...]
A quick look at a 10-year oil price chart reveals a clear trend: Oil prices are going up. Moreover, oil price increases are not a mere artifact of normal inflation. While the U.S. consumer price index has increased just 26.4% over the past 10 years, oil prices have gained a whopping 257%! Oil Prices vs. [...]
MILAN (Reuters) - Saipem's share price fell by as much as 25 percent on Monday, after Europe's biggest oil industry services group gave its second major profit warning in less than six months due to problems with contracts in Algeria, Mexico and Canada...
Understanding this metric will help you better understand the oil markets.
There's no getting around it: The global oil market is complex. Prices can change because of the slightest disruption in the market, and sometimes because of an anticipated disruption where nothing has even happened yet. Still, there are some simple truths that give us a general idea of where oil and gas prices are heading. Show More Summary