Crude oil markets

Discussion in 'Economics & Trade' started by waltky, May 26, 2016.

  1. waltky

    waltky Well-Known Member

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    OPEC and Russia output rise despite production cut agreement...
    :wink:
    Oil falls on production cut skepticism, OPEC and Russia output rise
    Tue Dec 6, 2016 | Oil prices on Tuesday fell for the first session since OPEC agreed to cut output last week after data showed crude production rose in most major export regions and on growing skepticism that the cartel would be able to reduce production.
     
  2. waltky

    waltky Well-Known Member

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    OPEC will be pleased, oil & gas prices will rise...
    :steamed:
    Non-OPEC oil producers to cut output 558,000 barrels a day
    Dec 10,`16 -- OPEC has persuaded 11 non-members to cut oil production, a move aimed at draining a worldwide oil glut and boosting low prices that have squeezed government finances in Russia and Saudi Arabia.
     
  3. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    It is entirely possible that OPEC has not yet realized the impact of shale-produced sources of oil-energy in the US. Which very definitely affects the price-at-the-pump in the US.

    Or, if they do know about shale-oil, perhaps they know there's not a damn thing they can do about it. Which should be a comforting thought for Uncle Sam.

    My point nonetheless: Trump may decide to ignore the Paris Climate Treaty; which means that due to America's lack of adequate air-pollution control, westerly weather fronts move polluted American-air across to Europe. (No thanks, please!!!)

    According to his reckonings, he is against the Paris agreement. So, good for you America!

    Wanna know why your life-span* is three years less than most everybody else's? No?

    OK, then ignore the pollution in the air you breath ...

    *Life span internationally - for twice the per capita expenditure on total Health Care, the US has an average life-span expectancy of three years less than Europe. Aside from pervasive obesity, what other factor could be involved. And how about the air you breath ...
     
  4. waltky

    waltky Well-Known Member

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    Granny says, "Dat's right - dey in cahoots together against us again...
    :grandma:
    AP Analysis: Will oil producers' cut have lasting impact?
    Dec 12,`16 -- It seems like a big deal. But the joint production cut from OPEC and non-OPEC countries - the first in 15 years - might push up the price of oil less than the nations involved are banking on.
     
  5. waltky

    waltky Well-Known Member

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    Non-OPEC producers join OPEC cuts...
    :steamed:
    Oil hits highest since mid-2015 on non-OPEC cut agreement
    December 12, 2016 - Oil rose to an 18-month high on Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to tackle global oversupply, though prices slipped late in the day.
     
  6. waltky

    waltky Well-Known Member

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    Granny says, "Dat's right - how's dat end to the oil export ban lookin' now?...
    :roll:
    Oil gains post-Christmas ahead of OPEC, non-OPEC cuts
    December 26, 2016 - U.S. oil prices extended gains on Tuesday in post-Christmas trading, as OPEC and non-OPEC members are set to start curbing output in less than a week to support oil prices.
     
  7. waltky

    waltky Well-Known Member

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    Granny says, "Dat's right - dey gonna gouge us atta gas pumps again...
    :grandma:
    Ministers laud strong start to OPEC, non-OPEC oil output cuts
    January 22, 2017 - OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices.
    See also:

    Protesters take control of Mexican border crossing with US
    Jan 22,`17 -- Protesters took control of vehicle lanes at one of the busiest crossings on the U.S. border Sunday to oppose Mexican gasoline price hikes, waving through motorists into Mexico after Mexican authorities abandoned their posts.
     
  8. waltky

    waltky Well-Known Member

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    Looks like gas prices goin' up...
    [​IMG]
    Oil prices rise on first drop in U.S. drilling in months
    Mon Jul 3, 2017 | Oil markets edged up on Monday, lifted by the first fall in U.S. drilling activity in months, although price gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.
     
  9. waltky

    waltky Well-Known Member

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    Saudis gonna raise oil prices next month...
    [​IMG]
    Saudi Arabia may raise December crude oil prices to Asia to highest in few years
    November 1, 2017 - Top oil exporter Saudi Arabia will hike December crude prices for customers in Asia to levels last seen in 2013 or 2014, a Reuters survey showed, with OPEC-led output cuts and robust demand re-balancing markets for the commodity.
     
  10. waltky

    waltky Well-Known Member

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    One excuse is as good as another to jack up oil prices...
    [​IMG]
    Oil hits highest levels since 2015 amid tightening markets, Saudi purge
    November 5, 2017 - Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests.
    See also:

    Saudi Arabia's crown prince is acting like Putin
    November 5,`17 - Jamal Khashoggi is a Saudi journalist and author.
     
  11. waltky

    waltky Well-Known Member

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    Granny says, "Dat's right - dey figgerin' on stickin' it to us again...

    OPEC and allies likely to extend production cuts at meeting
    29 Nov.`17 — With bills rising for gasoline or heating oil, consumers around the world are paying the price for a decision by OPEC and Russia last year to cut production. The strategy is working for those oil-producing nations and will likely be extended at a meeting Thursday.
     
  12. waltky

    waltky Well-Known Member

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    Look for gas prices to go up...

    Oil exporters agree to extend output curbs
    30 November 2017 - The world's leading oil exporting nations have agreed to extend production curbs, aimed at boosting the oil price, by nine months.
     
  13. waltky

    waltky Well-Known Member

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    Granny says, "Dat's right - dey gettin' ready to gouge us again...
    [​IMG]
    Oil prices should drag companies’ stocks up with them
    In January 2016, oil prices fell to $26 a barrel and dozens of indebted exploration and production companies were forced to file for bankruptcy. The ones that were not overleveraged have survived and learned to cut expenses and their finding costs.
     
  14. jay runner

    jay runner Banned

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    Yeah, any lube product or automotive chemical is way high, and carb cleaner still don't work since EPA forced them to make it out of hair dressing. :)

    If we stopped buying they'd have to lower the price.
     
  15. waltky

    waltky Well-Known Member

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    Libyan oil pipeline blast causes spike in oil prices...
    [​IMG]
    Oil Prices Rise on Libyan Pipeline Blast
    December 26, 2017 — Oil moved higher above $65 a barrel on Tuesday, within sight of its highest since mid-2015, supported by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts.
     
  16. waltky

    waltky Well-Known Member

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    Gas prices are at $2.50/gal. here...
    [​IMG]
    Oil retreats after failing to hit $70/barrel
    March 21, 2018 - Oil prices fell on Thursday as investors took profits after this week’s rally and as U.S. stock markets fell, but losses were limited by the continuing efforts of OPEC and its allies to curb supplies.
     
  17. waltky

    waltky Well-Known Member

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    Will oil go up - or will it go down?...
    [​IMG]
    Oil Wavers as Questions Linger Over Iran Deal
    March 27, 2018 - Investors await weekly U.S. inventory data from the American Petroleum Institute
     

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