An Important Message For Oilprice Members

  1. BB


    The OPEC+ Cut helps but hardly makes up for demand loss. It's not a supply problem at this time.  It's the DEMAND. Said the OPEC+ cuts...

    • BLA Replied
    • 6 replies
    • 3,127 views
  2. Tom Kirkman


    Key bit of the article bolded below. Oil Extends Gains As OPEC Leaders Call Emergency Meeting To Discuss Trump Production Cuts Global oil prices extended gains...

  3. ronwagn


    https://dailycaller.com/2020/04/02/tucker-carlson-shutdown-strategy-coronavirus/   Tucker Questions Severity Of Shutdown Strategy: What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
      

    • ronwagn Replied
    • 66 replies
    • 28,489 views
  4. Ward Smith


    Yahoo article about Occidental
      

  5. BB


    More PR than substance. The producers have to make major cuts to exports not production.   There is so much oil in storage and the demand destruction...

    • BLA Replied
    • 1 reply
    • 1,565 views
  6. BB


    India just declared Force Majeure with Saudi Arabia oil.  Don't need anymore oil.  Don't want anymore. Saudi exports to U.S. last week dropped in half.  Supposedly...

    • BLA Replied
    • 3 replies
    • 1,654 views
  7. Tomasz


    Quote Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that...

    • Tomasz Replied
    • 2 replies
    • 2,341 views
  8. BK


    So, the fed says it's doing a $2t direct stimulus and also a $4t fund for loans to "whomever." I hope somebody is up...

    • BillKidd Replied
    • 0 replies
    • 1,160 views
  9. Tom Kirkman


    Due to global oil demand collapse, too many oil producing countries are still overproducing, and are rapidly running out of storage for oil.  Overproduction is...

  10. James Regan


    Jungle drums are beating and it looks like a few of the Contractors are preempting the inevitable. https://seekingalpha.com/amp/article/4331180-valaris-prepare-for-bankruptcy-after-recent-events Pacific and Noble sited to be in same...
      

  11. Wolfgang Horn


    We are witnesses to the end of the petroleum age. After more than 125 years, oil is now beginning to radically descend into the...
      

  12. Tom Kirkman


    MbS is determined to shoot himself and Saudi Arabia and OPEC in the foot.  I'm fine with that. As Saudi Arabia Boosts Oil Output, Some...

  13. Tom Kirkman


    https://twitter.com/tassagency_en/status/1245179320575782913 Article referenced: https://tass.com/economy/1138399 The US Department of Energy said that "Secretary Brouillette and Russian Minister of Energy Alexander Novak had a productive discussion on the current...

  14. cv


    NEW YORK/WASHINGTON (Reuters) - The Trump administration plans to lease out space for energy companies to store oil in the nation's Strategic Petroleum Reserve,...
      

  15. ronwagn


    https://news.yahoo.com/suspected-sars-virus-and-flu-found-in-luggage-fbi-report-describes-chinas-biosecurity-risk-144526820.html Suspected SARS virus and flu samples found in luggage: FBI report describes China's 'biosecurity risk'
      

    • ronwagn Replied
    • 2 replies
    • 4,069 views
  16. BB


      DR. AI FEN HAS DISAPPEARED   Just pray there is no second wave of a mutated deadlier Covid virus. Nobody knows but we should be prepared. Nobody in...

    • BLA Replied
    • 0 replies
    • 1,358 views
  17. BB


    https://www.bloomberg.com/news/articles/2020-03-31/keystone-xl-oil-pipeline-gets-go-ahead-with-tc-energy-decision

    • BLA Replied
    • 2 replies
    • 1,355 views
  18. BB


    This bumper sticker was mentioned in a Forbes article on the boom/bust cycle of the industry and the assessment of risk The 1985 - 1986...

    • BLA Replied
    • 0 replies
    • 3,351 views
  19. BB


    Tough with $22 brent Their pipeline  is vulnerable to attack  for 100's of miles.  Why would someone want to invest in such a risky asset,...

    • BLA Replied
    • 25 replies
    • 9,382 views
  20. ronwagn


    https://www.theepochtimes.com/real-death-toll-in-wuhan-might-be-12-times-official-figure-ashes-urns-tell-us_3289749.html   Real Virus Death Toll in Wuhan Could Be 12 Times Official Figure BY NICOLE HAO   March 29, 2020 Updated: March 30, 2020
      

    • ronwagn Replied
    • 32 replies
    • 16,946 views
  21. BB


    The curfew was lifted.  The angry citizens of Wuhan want to leave Hubei Provence . The route over the bridge was blocked by police....

    • BLA Replied
    • 2 replies
    • 1,647 views
  22. Jenny Considine


    KAPSARC published an interesting perspective on the world oil market  this week--I encourage you to read it and would be very interested in hearing your...
      

  23. shaleprofile


    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...
      

  24. DS


    I'm sure you are all aware of Alexander Novak, the destroyer of worlds, who is using Russia's sovereign wealth fund to subsidies oil at below break...
      

  25. MG


    Looks like Wyoiming Light crude went negative, selling at minus $1.76/bbl.   And Canada WCS is down around $6.50 US.  Oil-sands bitumen?  Essentially worthless.  OK,...
      

  26. DS


    Hi can any one tell.me how Brent price are related to the bunker price in the market

    • DSR Replied
    • 0 replies
    • 1,904 views
  27. DS


    I have started a petition to white house I need signatures, if you have better ideas I encourage you to do this same. Share...
      

  28. Tom Kirkman


    In Nigeria, oil & gas is likely considered an "essential business" of the country. Curious what will happen in say, Saudi Arabia, if an outbreak spreads at...

  29. Tom Kirkman


    Unexpected news.  Posting article in full, because the Sputnik website seems to be having difficulties. Russia's Rosneft Oil Company Announces Termination of Its Activity in...

  30. ronwagn


    https://seekingalpha.com/article/4333579-contrary-to-assertions-saudi-arabia-cant-endure-30_00-oil-for-long Contrary To Assertions, Saudi Arabia Can't Endure $30.00 Oil For Long
      

    • ronwagn Replied
    • 23 replies
    • 7,912 views