Oil prices surge as market develops new OPEC production-cut theory
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Oil price volatility to rise as OPEC November 30 deadline approaches
Oil prices were all over the chart on Wednesday, November 17, as negative data battled optimistic words. Look out for more days of this war as we get closer to the November 30 meeting of OPEC that is supposed to result (but might not) in an agreement to significantly reduce oil production in order to support oil prices
Crude oil drops to near $42 a barrel on more bad news on supply and then steadies
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Just what the downward trend in oil prices needs–higher than expected U.S. oil inventories
This morning the U.S. Energy Information Administration announced that U.S. crude inventories had climbed by 14.4 million barrels for the week that ended on October 28. That’s the biggest increase in inventories ever in data that stretches back to 1982. Energy analysts had expected that inventories would climb but by a much more restrained 1.013 million barrels.
Oil falls as OPEC fails to get its act together
Definitely a bad weekend for OPEC. On Friday the Organization of Petroleum Exporting Countries failed to reach internal agreement on which OPEC producers would cut production. On Saturday, OPEC concluded talks with non-OPEC members including Brazil and Russia without an agreement on a joint commitment to limit production
Rig count climbs again but oil market has a bigger problem to figure out
The new weekly report from Baker Hughes showed the number of active rigs drilling for oil and natural gas in United States climbed again. The rig count report, released today, shows an increase of 14 rigs this week to 553. The bulk of the increase came in rigs drilling for oil, where the rig count climbed by 11 to 443.
Three moves for a vulnerable market
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...A week ahead of talk about oil will produce volatility–and probably higher prices
Lots of talk with the potential to move oil markets on tap this week. Today, for example, Russian President Vladimir Putin said at the World Energy Congress in Istanbul, “Russia is ready to join in joint measures to limit output and calls on other oil exporters to do the same”
Trick or Trend: Expect OPEC to try to talk up tumbling oil market at next week’s meeting
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...For today a drop in crude inventories out weighs another OPEC policy failure
This morning the U.S. Energy Information Administration reported that U.S. crude inventories fell by 1.37 million barrels for the week ended May 27. That was less than the 2.5 million barrel decline projected by energy analysts surveyed by Bloomberg. But at least the move was in the right direction–downward
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