Blogs

Pre-salt oil and gas a major economic driver in Brazil

Pre-salt oil and gas a major economic driver in Brazil Brazil Conversations: Ana Zambelli, Board member, Petrobras and Braskem     Brazil will be in the spotlight of the global oil industry this week (November, 2019) with what may be the priciest ever held auction of oil and gas concessions. The 6th Pre-salt bidding round, for thirteen pre-qualified vendors, will involve areas of the pre-salt formations which were discovered in 2006 and catapulted Braz

Pequod Advisory Group

Pequod Advisory Group

US - update through July 2019

These interactive presentations contain the latest oil & gas production data from 115,629 horizontal wells in 12 US states, through July 2019. Cumulative oil and gas production from these wells reached 11.9 billion bbl and 136 Tcf of natural gas. Ohio and West Virginia are deselected in most dashboards, as their production data is less current. Oklahoma is for now only available in our subscription services. July oil production was again at a record level, at well over 7 million bo

shaleprofile

shaleprofile

 

What are the techniques used to forecast oil prices?

The main methods used to help forecast oil prices include futures prices, fundamentals, the cost of production, the exchange rates of commodity-exporting countries, technical analysis, hotellings rule and finally todays price. This list is not exhaustive and by their nature are often used in combination with other methods and used in different ways over short and long-term forecasting periods. Futures prices as a predictor Futures prices are often used in the macroeconomic models built
 

Oil Market or Oil Battleground ???

The erratic price trajectory in oil markets in recent decades can largely be explained by demand and supply curves. Although price movements are of course determined by changes in both supply and demand, the separate impact of these two factors can be disentangled . Also The world oil market has changed profoundly in the last few decades, but a few outdated conceptions persist. For example, a common misconception is that world oil is dominated by a handful of multinational corporations.  Wha

Eagle Ford - update through July 2019

This interactive presentation contains the latest oil & gas production data from all 23,368 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through July 2019. Visit ShaleProfile blog to explore the full interactive dashboard July oil production came in at 1.3 million bo/d, basically unchanged since the start of the year. Natural gas production was just short of 6.3 Bcf/d, the highest level in 3 years (switch product to “gas” to see this

shaleprofile

shaleprofile

Forex

Forex or FX is the market in which currencies are traded. It is the largest, most liquid market in the world, with trillions of dollars changing hands every day. There is no central location, rather the forex market is an electronic network of banks, brokers, institutions and individual traders. All of these entities have currency needs and may also speculate on the direction of currencies.  When trading currencies they are listed in pairs. The base currency is always quoted first and is al

DayTrader

DayTrader

Support and Resistance

Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favour a pause or reversal of a prevailing trend. Prices move in a series of peaks and troughs. The troughs, or the reaction lows, are called support. This is an area or level on the chart under the market where buying pressure is strong enough to overcome selling pressure. As a result, a decline is halted and the price action moves up again. Resistance is the opposite of support and

DayTrader

DayTrader

Timeframes In Trading

In order to consistently make money in the markets, traders need to learn how to identify any underlying trend and trade round it accordingly. Common cliches include 'trade with the trend' and 'the trend is your friend'. Trends can be classified as primary, intermediate and short term. However, markets can exist in several timeframes simultaneously. As a result there can be conflicting trends within a particular instrument depending on the timeframe being considered. It is not out of the ordinar

DayTrader

DayTrader

Permian – update through July 2019

These interactive presentations contain the latest oil & gas production data from all 23,382 horizontal wells in the Permian (Texas & New Mexico) that started producing from 2008/2009 onward, through July 2019. Visit ShaleProfile blog to explore the full interactive dashboard These interactive presentations contain the latest oil & gas production data from all 23,382 horizontal wells in the Permian (Texas & New Mexico) that started producing from 2008/2009 onward,

shaleprofile

shaleprofile

Commodity Trading

Dealing commodities is an old profession, dating back further than trading stocks and bonds. Ancient civilisations traded a wide array of commodities, from seashells to spices, and commodity trading was an essential business, through the building of empires. The might of empires could be viewed as proportionate to their ability to create and manage complex trading systems and facilitate commodity exchange. This served as the wheels of commerce, economic development and taxation for a kingdom's t

DayTrader

DayTrader

 

Capitalist

Because income is divided among saeholders through a kind of conflict in capialist system , capital owners and workers are considered to be rival and preference is usually made in favor of the capital owners. For this reason , it is unlikely to say that capitalist system aim at the maintenance of full employment and keep wages at desired level

shale oil Pennsylvania – update through August 2019

This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit ShaleProfile blog to explore the full interactive dashboard This interactive presentation contains the latest gas (and a little oil) production data, from all 9,180 horizontal wells in Pennsylvania that started producing from 20

shaleprofile

shaleprofile

Heiken - Ashi

A candlestick is a type of price chart used that displays the high, low, open, and closing prices of a security for a specific period. It originated from Japanese rice merchants and traders to track market prices and daily momentum, hundreds of years before becoming popularized in the United States.The wide part of the candlestick is called the "real body" and tells investors whether the closing price was higher or lower than the opening price (black/red if the stock closed lower, white/green if

DayTrader

DayTrader

Intolerance In Academia Of The USA

If you need an accurate update on some of the madness at the nation’s institutions of higher learning, check out Minding the Campus, a nonprofit independent organization. John Leo, its editor in chief, says that the organization’s prime mission is dedicated to the revival of intellectual pluralism and the best traditions of liberal education at America’s colleges and universities. Leo’s most recent compilation of campus madness leaves one nearly breathless. In a USA Today op-ed, Emily

DayTrader

DayTrader

Fibonacci And The Wonder Of His Sequence

Leonardo Pisano, better known by hs nickname Fibonacci, was an Italian mathematician born in around 1170 in the Republic of Pisa. He was educated in North Africa, where his father held a diplomatic post, and at some point was sent to study calculation with an Arabic master. He later went to Egypt, Syria, Greece and Sicily, where he studied different numerical systems and methods of calculation.  Fibonacci is widely considered to be the most talented Western mathematician of the Middle Ages.

DayTrader

DayTrader

 

when did humans first learn to use Petroleum ??

Various theories have been advanced over the years as to the origin of petroleum proposing an animal, vegetable,mineral and even meteoric origin. Today, however,most scientists believe that oil and gas originated in plant and animal matter that accumulated in fine grained sediments at the bottom of ancient seas many millions of years ago . This theory suggests that oil originated as the remains of countless organisms that either lived in the sea or water deposited there with mud and silt fro

North Dakota - Udpdate through August 2019

This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. These interactive presentations contain the latest oil & gas production data from all 15,156 horizontal wells in North Dakota that started production from 2005 onward, through August. Oil and gas production in North Dakota set new

shaleprofile

shaleprofile