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Oil prices may go up, but will be below $70 a barrel in FY19: Hindustan Petroleum Chairman
Hindustan Petroleum's assessment sounds about right to me. My hope for 2019 is an average of $70 oil [Brent] and $65 [WTI]. My hope for 2018 was an...- Tom Kirkman Replied
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Question about grades
Two quick questions since I am new to the industry: 1). What are PMS & AGO refined oil? Are they real acronyms? I am guessing marine...- Gary Timleck Replied
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Visualizing US oil & gas production (through August)
US - update through August 2018 This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in...- shaleprofile Replied
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- 1,032 views
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Big Oil Beware Green Shareholders
BP and Shell to face fresh shareholder challenge over climate goals I'm impressed with the stated goal of Follow This, honestly. Buying into a company to...- big oil
- shareholders
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- Marina Schwarz Replied
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- 1,131 views
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A Chronicle of Trump's Anti-OPEC Tweets
I'm sure you have been waiting for someone to chronicle this and CNBC have been gracious enough to do it. You're welcome Trump’s year in...- Marina Schwarz Replied
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OPEC Trying to Start JawBone Rally
There they go again. The commitment by OPEC+ to supposedly cut production is nothing but another effort by OPEC to spark a JawBone Rally. ...- OilPro_Rolando Replied
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More OPEC Members May Leave
From comments made by Iran's OPEC governor: "Some producers have limited production capacity. Therefore, they may be faced with lower demand for production, while on...- Marina Schwarz Replied
- 43 replies
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Oil is for the Birds
LOLOLOLOL This is like i've been stating, its the plan. admin lifts some protections https://www.nbcnews.com/politics/politics-news/trump-admin-eases-protections-sage-grouse-increase-oil-gas-drilling-n945141 Birds are just in the way. https://www.nytimes.com/2018/12/06/climate/trump-sage-grouse-oil.html And here we go https://www.bigcountryhomepage.com/news/state-news/largest-continuous-oil-and-gas-resource-potential-ever-assessed-found-in-texas-new-mexico/1645379578 Get all your duck$$$...- Brent Hamrick Replied
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OPEC Cancels Press Conference
Where we are now Monitoring committee recommended a production cut OPEC agreed a cut will be forthcoming Russia went back home to check in with Big Daddy...- Rodent Replied
- 29 replies
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Shale Producers Bankers are Scared of $50/Bbl
“They want OPEC to make a cut, and they kind of want Donald Trump to stop tweeting about oil.” Hypochracy and shows how protectionism is destroying...- James Regan Replied
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- 1,328 views
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$400 A Bbl of Oil is this possible
Is this potential situation credible? https://oilprice.com/Geopolitics/International/Iran-Threatens-To-Close-Key-Oil-Choke-Point.html- James Regan Replied
- 24 replies
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Exxon, Chevron Want to Dump Azeri Stakes
Exxon, Chevron seek to exit Azerbaijan's oil after 25 years Interesting. That's supposed to be one of the biggest fields there.- Marina Schwarz Replied
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- 4,676 views
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China or Russia, Who Will Take Control of Venezuela's Oil?
https://www.rt.com/business/445768-russia-venezuela-investments-oil/ And the game is afoot! "Caracas and Moscow have signed $5 billion US dollars’ worth of contracts related to oil production during President Nicolas Maduro’s...- Rodent Replied
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- 1,010 views
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French Fuel Protests
400 injured, one dead as the French protest higher prices at the pump. The idea of Macron's government is to wean them off fossil...- Marina Schwarz Replied
- 22 replies
- 8,980 views
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When can we expect light distillate(gasoline) cracks to rebound?
Well the current situation can be summarized as refining margins for light distillates taking a big hit because of high stock levels globally. The main...- Seong Hee Lee Replied
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Brexit and oil prices
I don't remember ever reading a story that talks about what effect, if any, Brexit will have on crude prices. Is that because there...- buddha007 Replied
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OPEC's November Production Recap
Some Highlights Per S&P Global Platts Survey: Overall OPEC: UP 40,000 bpd to 33.08 million bpd Saudi Arabia: UP 350,000 bpd at 11.02 million bpd, an...- Rodent Replied
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OPEC Cuts Seem Uncertain
So, Nigeria is playing it guardedly and Saudi Arabia's Falih has found it necessary to say the kingdom won't cut alone. If he needs...- Marina Schwarz Replied
- 50 replies
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Libya Shuts In 150,000 bpd of oil as all ports closed
Just in today: "Libya has closed all its oil loading terminals due to bad weather, and soon-to-be-full storage tanks will lead to a shut-in of...- Rodent Replied
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Visualizing Permian oil & gas production (through August)
Permian – update through August 2018 This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in...- shaleprofile Replied
- 1 reply
- 1,536 views
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Bribe, Corruption And Oil: Glencore, Trafigura, Vitol bribed Petrobras staff-Brazil prosecutors
Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company...- rainman Replied
- 6 replies
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Seeking Alpha Article Oil Demand
Not normally one to be reading anything on Seeking Alpha but try this one. https://seekingalpha.com/article/4225153-evs-oil-ice-impact-2023-beyond Explains far better some of the points I've been trying to...- DA? Replied
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Quatar out of Opec 2019
one of the reasons for the halt in the meteoric $4 rise in crude since friday. https://www.cnbc.com/2018/12/03/qatar-to-withdraw-from-opec-as-of-january-2019.html You will find some subdued reason in the news...- Top Oil Trader Replied
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Saudi Energy Minister Says OPEC's Deal To Cut Output Uncertain
Saudi oil minister said on Tuesday it was too soon to say if OPEC and its allies would cut production as the terms of...- opec
- saudi arabia
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- rainman Replied
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Why should OPEC+ Cut Production when U.S. Producers will just produce more?
It is pointless for OPEC+ to cut when greedy U.S. Frackers up to their eyeballs in massive debts will only produce more to fill...- Democrats Tax Everything! Replied
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Qatar to withdraw from OPEC on 1/1/2019
https://www.cnbc.com/2018/12/03/qatar-to-withdraw-from-opec-as-of-january-2019.html The article comes from CNBC, so consider the source. According to the article, they are saying they are NOT leaving because of the Saudi's. I find that...- Illurion Replied
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Meanwhile in Alberta: Trains, More Trains!
Notley says Alberta will buy rail cars to move oil, wants Ottawa to chip in Where are the protesters blocking rail tracks is what I'd...- Marina Schwarz Replied
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Russia is comfortable with oil at around $60, Putin said, a week ahead of the OPEC+ meeting in Vienna and just two days before the G-20 summit in Buenos Aires
earlier Putin said we will satisfy with $70 now says $60- Udara Hemachandra Replied
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- 3,252 views
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Analysis: Trump and Saudi collision on oil, and Bingaman’s return to Santa Fe
In an earlier column, readers overseas benefited from this writer’s forecast that crude oil prices would fall dramatically because most commodity traders got it...- bluewill Replied
- 4 replies
- 7,102 views