Insight and inspiration in turbulent times.
A midweek update. It has been a down week so far for the crude, natural gas, and gasoline markets. After trading close to $109 a barrel in NY and above $110 in London on Friday, crude has fallen steadily for the last four sessions to close at $104.37 in NY and $107.44 in London on Wednesday.
A weekly update, including:
-Oil and the global economy
-The Middle East and North Africa
-China
-Quotes of the week
-The Briefs
Many readers will know about the claim that a frog plopped into boiling water will hop right back out if it can, while one put into cold water which is then slowly heated will remain until it is cooked. The claim is wrong, but the story is quite useful in understanding some human behavior.
A weekly update, including:
-Oil and the global economy
-The Middle East and North Africa
-China
-Quote of the week
-The Briefs
A weekly update, including:
-Oil and the global economy
-The Middle East and North Africa
-China
-US Emissions
-Quote of the week
-Briefs
A mid-week update. After rising sharply last week on concerns about developments in Syria, oil prices have been relatively steady this week trading around $98 a barrel in NY and $106 in London. Most attention has been focused on the G-8 meeting in Northern Ireland and on the Federal Reserve meeting.
A mid-week update. After falling on Monday and Tuesday, oil prices rebounded to roughly unchanged on Wednesday on a weaker dollar and a report from Libya that oil production has fallen to less than 1 million b/d after sabotage and labor unrest closed oilfields and ports. New York oil futures closed at $95.88 and London at $103.49 — widening the spread which on Tuesday narrowed to the lowest it has been in two years.
A weekly update, including:
-Oil and the Global Economy
-Middle East and North Africa
-China’s Economy
-Quote of the Week
-Briefs
A mid-week update. Oil prices have fallen $2-3 a barrel this week on weaker demand, increased US production, rising product stockpiles, and a stronger dollar. At the close on Wednesday, NY oil settled at $94.28 and London at $102.60 with the WTI-Brent spread climbing to $8.32. The weekly stocks report showed stocks at Cushing, Okla. increasing to by 450,000 barrels to 50.2 million last week. The report also showed US gasoline consumptionover the last four weeks at 8.5 million b/d, the lowest level in ten years.
A midweek update. Wednesday was a down day with oil, natural gas, gasoline futures, and the equity markets all dropping sharply. NY oil futures were down 2.8 percent, closing at $94.45, as the EIA reported that US crude stocks rose by an unexpected 2.7 million barrels last week to the highest level in 22 years.
A weekly roundup, including:
-Oil and the global economy
-The Middle East & North Africa
-China
-Quote of the Week
It is a slick piece of public relations to convince people to disregard what is right in front of them and believe the opposite. And yet, that is what the oil industry has achieved with an oh-so obviously coordinated campaign.
