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Showing posts with label oil price slump. Show all posts
Showing posts with label oil price slump. Show all posts
Tuesday, June 11, 2024

Oil market's OPEC meeting tantrum & global LNG

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On June 2nd, OPEC+ decided to adopt a pensive position rather than a defensive or offensive one and it promptly sent the oil market into a t...
Saturday, April 04, 2020

A catalogue of ‘crude’ missives on oil market turmoil

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In the nine days that have lapsed since yours truly last wrote a blog post, the crude oil market has gone crude and cruder, peppered with b...
Tuesday, March 10, 2020

View on a 'crude' few days from Houston

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The Oilholic is glad to be back in Houston, Texas, US for yet another visit. However, in many ways the latest outing marks several first ...
Friday, March 06, 2020

OPEC+ talks collapse; oil futures tank

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The Oilholic had to leave OPEC HQ prior to the conclusion of a rather fractious OPEC+ meeting which resulted in no agreement being reached ...
Friday, February 28, 2020

A right royal crude market hammering

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Coronavirus jitters have delivered a right royal hammering to the crude oil market, with the pace of bearish blows picking up consider...
Saturday, November 24, 2018

Three -7% crude slumps & a WEC engagement

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As the Oilholic headed for a splash and dash visit to the familiar surroundings of Vienna on another early morning British Airways flight t...
Monday, November 19, 2018

Crude froth goes before a fall?

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What a commotion we had in the oil markets last week, when Tuesday's (November 13) session saw an intraday decline of 8% for the West...
Sunday, July 09, 2017

Time for Istanbul and WPC 22

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The Oilholic has arrived in Istanbul, Turkey for 22 nd World Petroleum Congress, with the 2017 edition being this blogger’s third.  ...
Friday, May 12, 2017

OPEC quips send oil futures $1.50 or 3% higher

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Its official OPEC ministers' and Russia's quips in favour of extending oil production cuts beyond June appear to have worked. Oil b...
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...
Saturday, August 20, 2016

Pump more, even if oil price slumps more mantra

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As oil remained in a technical bear market for much of July, we saw well timed quips by major oil producing nations, within OPEC and beyo...
Saturday, July 30, 2016

Those rapidly sliding oil demand projections!

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It’s been another mad month for the Oilholic and might one add for the oil markets as well. At the conclusion of the OPEC summit in Vienn...
Thursday, June 02, 2016

OPEC issues no word on quota (again!)

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The 169th OPEC ministers meeting has concluded in Vienna, Austria with the producers' collective yet again failing to reveal its ...
Friday, May 20, 2016

It’s about the ‘crude’ bid/ask differential stupid!

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That there are distressed oil and gas assets stateside is pretty obvious. The damage was done, or rather the distress was caused, long be...
Tuesday, May 17, 2016

Gauging crude sentiments in Houston Town

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The Oilholic is back in Houston, Texas for a plethora of events and another round of crude meetings. The weather in the oil and gas capit...
Thursday, March 31, 2016

Preparing for an oil slump away from US pumps

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The Oilholic is delighted to be back in lovely San Francisco, California, some 5350 miles west of London town. And what a 'crude'...
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...