|
Post by clinton on Oct 1, 2014 8:47:53 GMT -5
Brent green on a red day Attachments:
|
|
|
Post by clinton on Oct 2, 2014 6:57:05 GMT -5
Oil prices getting hammered saudi have cut production and yesterdays inventory below last years levels where's the glut at? other than wk 37 this looks like a down trend Attachments:
|
|
|
Post by clinton on Oct 3, 2014 0:18:48 GMT -5
ITMS says buy energy
|
|
|
Post by clinton on Oct 7, 2014 9:37:18 GMT -5
XOM and CVX hot today
|
|
|
Post by clinton on Oct 7, 2014 9:52:23 GMT -5
Platts Report: China Oil Demand Climbed 3.7% in August from a Year Ago someone is still driving cars Attachments:
|
|
|
Post by novie08 on Oct 7, 2014 18:40:00 GMT -5
Platts Report: China Oil Demand Climbed 3.7% in August from a Year Ago someone is still driving cars My energy stocks were the only ones UP today. CVRR, APL, XOM.
|
|
|
Post by clinton on Oct 8, 2014 6:43:08 GMT -5
Weekly Crude Inventories will be released at 10:30 am
|
|
|
Post by huh on Oct 8, 2014 8:04:44 GMT -5
Oil coming up on support 84.50-85.00. Should bounce there. Lines up with the UUP swan dive I think that's coming soon as well.
|
|
|
Post by clinton on Oct 8, 2014 9:34:00 GMT -5
build in WTI inventory
|
|
|
Post by clinton on Oct 8, 2014 9:35:41 GMT -5
WTI only dropped a little
bottom?
|
|
|
Post by clinton on Oct 8, 2014 9:40:06 GMT -5
. Attachments:
|
|
|
Post by clinton on Oct 8, 2014 12:03:06 GMT -5
from EIA site
Near-term seasonal market conditions are also reducing crude demand, as substantial refinery maintenance in the United States, Europe, and Asia takes place in September and October, reducing demand for crude
|
|
|
Post by clinton on Oct 8, 2014 16:41:57 GMT -5
gap now -13M barrels. Attachments:
|
|
|
Post by huh on Oct 9, 2014 12:23:57 GMT -5
Oil hasn't hit that support in the 84's yet.
|
|
|
Post by huh on Oct 10, 2014 7:51:20 GMT -5
Oil tagging that long term support this morning. Let's see if it can hold.
|
|
|
Post by clinton on Oct 10, 2014 8:08:36 GMT -5
Oil tagging that long term support this morning. Let's see if it can hold. I see a bounce starting
|
|
|
Post by huh on Oct 10, 2014 13:43:00 GMT -5
Oil coming up on support 84.50-85.00. Should bounce there. [chart] Lines up with the UUP swan dive I think that's coming soon as well. Overshot a little, but holding so far.
|
|
|
Post by clinton on Oct 10, 2014 16:15:18 GMT -5
XOM Venezuela says it will pay less than $1B to Exxon over nationalization Venezuela's government confirms it will end up paying less than $1B to Exxon Mobil (NYSE:XOM) due to this week's World Bank tribunal award, after it deducts a previous award made against it by another tribunal, the International Chamber of Commerce.Venezuela is hailing the outcome as a victory for its sovereignty over Western multinationals, but XOM also has expressed satisfaction, saying the decision vindicated its view it had not been properly compensated.The ruling sets an important precedent in ConocoPhillips' (NYSE:COP) filing for arbitration at the ICC against PDVSA for compensation related to a nationalization; Barclays thinks Venezuela may have to pay COP ~$4B, or ~20% of what the company wants.
|
|
|
Post by clinton on Oct 15, 2014 6:52:01 GMT -5
strange that this guy doesnt mention refineries close this time of year for maintenance. 5 Reasons Oil Prices Are Dropping By Oilprice.com, October 14, 2014, 08:44:47 AM EDT AAA Vote up Comment More Sharing ServicesShare|Share on facebookShare on twitterShare on emailShare on print Subscribe By Chris Pedersen for Oilprice.com As oil prices continue to fall, analysts and producers are trying to wrap their heads around the reasons and identify a floor price. Even though crude benchmarks like Brent and WTI keep dropping, the cost of finding oil continues to rise. What are some of the key drivers that have created this paradox? 1. The U.S. Oil Boom America’s oil boom is well documented. Shale oil production has grown by roughly 4 million barrels per day (mbpd) since 2008. Imports from OPEC have been cut in half and for the first time in 30 years, the U.S. has stopped importing crude from Nigeria. 2. Libya is Back Because of internal strife, analysts have until recently assumed that Libya’s output would hover around 150,000-250,000 thousand barrels per day. It turns out that Libya has sorted out their disruptions much quicker than anticipated, producing 810,000 barrels per day in September. Libyan officials told the Wall Street Journal last week that they expect to produce a million barrels per day by the end of the month and 1.2 million barrels a day by early next year. 3. OPEC Infighting There have been numerous reports about the discord between OPEC members, leading many to believe that OPEC will not be able to reign in production like it has done so in the past. The Saudis and Kuwaitis have reportedly been in an oil price war, repeatedly lowering their prices in order to maintain their market share in Asia. John Kingston, the news director at Platts, believes that the Saudis will not be willing to give up market share like they have done during previous price drops. 4. Negative European Economic Outlook European Central Bank president Mario Draghi has left investors concerned about the continent’s slow growth. Germany’s exports were down 5.8 percent in August, stoking the fears of anxious investors that the EU’s largest economy had double dipped into recession last quarter. Across the Eurozone, the IMF again lowered its growth forecast to 0.8 percent in 2014 and 1.3 percent in 2015. 5. Tepid Asian Demand Beyond slow economic growth and currency depreciation, a number of Asian countries have begun cutting energy subsidies, resulting in higher fuel costs despite a drop in global oil prices. In 2012, Asia’s top spenders on energy subsidies, as a percentage of GDP included: Indonesia 3 percent; Thailand 2.6 percent; Vietnam 2.5 percent, Malaysia 2.3 percent, and India 2.3 percent. India is a primary example. Between 2008-2012, India’s diesel demand grew between 6 percent and 11 percent annually. In January 2013, the country started cutting the subsidies of diesel. Since then, diesel consumption has plateaued. Read more: www.nasdaq.com/article/5-reasons-oil-prices-are-dropping-cm401645#ixzz3GDJCW44G
|
|
|
Post by clinton on Oct 16, 2014 13:37:50 GMT -5
someone bought 5M shares USO OBV at high Attachments:
|
|