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Showing posts with label oil price decline. Show all posts
Showing posts with label oil price decline. Show all posts
Saturday, April 27, 2019

Webcasting for ReachX & Trump's OPEC call

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It's been quite a week in the oil market with Brent touching $75 per barrel for the first time in 2019, amid exaggerated long calls rem...
Sunday, August 06, 2017

Platts July survey notes 32.82m bpd OPEC output

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It seems S&P Global Platt's latest survey of OPEC production is suggesting the cartel's headline output came in at 32.82 mill...
Sunday, July 16, 2017

A bearish view from Istanbul

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The 22nd World Petroleum Congress circus has left Istanbul, Turkey in a distinctly bearish mood, at least that’s the Oilholic’s verdict! ...
Wednesday, February 22, 2017

IPWeek & a crude 'will they, won't they'

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The Oilholic joined the great and good of the oil and gas business at the 2017 International Petroleum Week being held in London, with th...
Tuesday, January 31, 2017

This week, that crude year!

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With the oil price barely moving from its current $50 per barrel circa, it’s worth looking back at how the market panned out in 2016. I...
Wednesday, November 30, 2016

OPEC agrees output cut of 1.2m bpd to 32.5m bpd

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OPEC has agreed to cut production by 1.2 million barrels per day (bpd) to 32.5 million bpd at the conclusion of its 171st meeting of mini...
Wednesday, June 01, 2016

‘Mum’s the word’ for new Saudi oil minister

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After a fact finding trip to Houston, Texas, the Oilholic finds himself back in Vienna, Austria for the 169th OPEC Ministers’ meeting. Ba...
Monday, April 18, 2016

‘Doh-a Farce’? Brace for $35/bbl Brent?

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The Oilholic is rather surprised that some people are actually surprised the Doha talks between major oil producers turned out to be a bi...
Sunday, April 10, 2016

Volatile yet flat-ish Q1 points to $40-50/bbl price

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The first quarter of 2016 has been pretty volatile for oil benchmarks. Yet if you iron out the relative daily ups and downs in percentage...
Tuesday, March 15, 2016

Taiwan’s crude demands & IEA’s latest quip

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The Oilholic has ventured further eastwards, some 6080 miles from London, to Taipei – the vibrant capital of Taiwan. On a rain soaked eve...
Monday, February 29, 2016

Fitch joins Moody’s in cutting oil price estimates

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Barely a month after Moody’s drastically revised its oil price assumptions, rival Fitch Ratings followed suit last week. Writing to clien...
Wednesday, February 17, 2016

Ho hum moves for fewer oil drums

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In case you have been on another planet and haven’t heard, after weeks of chatter about coordinated oil output cuts by OPEC and non-OPEC ...
Friday, February 12, 2016

Are you serious Mr President?

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Ah, the joys of the oil market! Yet another day of volatility is all but guaranteed. Nearly a fortnight into February, it’s increasingly lo...
Monday, January 25, 2016

Predicting a $50/bbl end-2016 oil price

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It’s been one heck of a volatile start to the New Year with the oil market going berserk for what is coming up to nearly four weeks now. ...
Monday, January 18, 2016

Suddenly $20/bbl oil isn't all that implausible

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Successive bouts of over 10% week-on-week/five-day price declines have hit the oil market for six and made for a wretched start to 2016. ...
Thursday, December 31, 2015

A crude rout & all those downgrades

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Both Brent and WTI futures are trading at their lowest levels since 2008 and previous weeks have offered some spectacular declines, if th...
Tuesday, December 08, 2015

Crude oil tumbles as OPEC stumbles

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Having been to every single OPEC ministers’ summit since 2008, the Oilholic thought he’d seen it all. Not quite it seems; when the 168th ...