This weekend, I did the quintessential fall activity – visited the pumpkin patch at our local Anderson Farms!
Crude Oil Prices
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We will never sell or share your information without your consent. See our privacy policy.This is the final segment in a three part series discussing the recent past and future of oil prices and the reasons why prices are where they are. Currently there is a glut in oil inventories worldwide. There are a number of factors contributing to this continuing situation as I have detailed in there previous two segments of this series but in the end it can all be summed up into one simple statement: All parties whether they are individuals, corporations, or nations tend to do what is in their own best interest.
Whether or not the price of crude has hit bottom, oil stocks are still likely to appreciate over the next few months, Wolfe Research Managing Director Paul Sankey said Tuesday. West Texas intermediate crude dropped below $80 a barrel, hitting two-year lows, with some analysts predicting that it could head toward $70 in next year due to oversupply.… Keep reading →
Energy News Roundup: How US Oil is Impacting World Market, Climate Doom & Gloom Leaked and $1 bn Ohio Ethane Cracker
By Jared Anderson
Surging US oil production is impacting trade flows and price differentials more than global supply levels and benchmark pricing according to analysis from the Oxford Institute for Energy Studies. But that could change over the longer term as backed out West African crudes play a larger role in Brent price formation. “While the USA largely… Keep reading →
Energy News Roundup: Melting Ice Causes Major Map Change, Eerily Calm Markets and Oil ETF Rising
By Jared Anderson
National Geographic says shrinking sea ice is causing the largest redrawing of its global atlas since the breakup of the Soviet Union. “Ice loss is accelerated in the Arctic because of a phenomenon known as the feedback loop: Thin ice is less reflective than thick ice, allowing more sunlight to be absorbed by the ocean,… Keep reading →
US refiners have had a tough 25 years, Pioneer Natural Resources Chairman and CEO Scott Sheffield said during a lunch keynote presentation at the Independent Petroleum Association of America Oil & Gas Investment Symposium in New York today. East Coast refiners face a competitive disadvantage to those located on the Gulf Coast because Eastern plants… Keep reading →
The Japanese government has softened its anti-nuclear power strategy, which could open the way to existing reactor restarts and possibly even new plant construction. The post-Fukushima shutdown of the country’s nuclear fleet has led to increased electricity prices, eroded the trade balance and spiked fossil fuel imports, which are unsustainable conditions according to a new… Keep reading →
Like any other asset, crude oil trades on supply as well as demand. And while an improving U.S. economy can be expected to boost the demand for oil, a stronger supply picture should take any wind out of oil’s sales in 2014. “Although the U.S. economic growth story might make it seem as though… Keep reading →
The spread between benchmark crude oil prices for WTI and Brent recently widened to over $10 per barrel after reaching parity this past summer, and signals indicate this is partially due to an oversupplied US Gulf Coast refining center. It also suggests that equity investors might want to be wary of US Exploration & Production… Keep reading →
