Remove ads

Oil Price

FredBloggs
Lemon Quarter
Posts: 1754
Joined: November 12th, 2016, 8:42 am
Has thanked: 482 times
Been thanked: 297 times

Re: Oil Price

#88469

Postby FredBloggs » October 16th, 2017, 1:11 am

Thanks for that. Most interesting.

petroleum1
Posts: 49
Joined: November 5th, 2016, 8:44 pm
Has thanked: 1 time
Been thanked: 11 times

Re: Oil Price

#88986

Postby petroleum1 » October 17th, 2017, 11:00 pm

dssp
Thanks for Art Berman report, an excellent piece of work. I have noticed that stock inventory for the year 2017 was not available except for the first month of the year 2017.

http://www.artberman.com/wp-content/upl ... 24x746.jpg

Here is an up to date plot of inventory for the year 2017:

https://pbs.twimg.com/media/DL2pxNxUQAEkcag.jpg

It looks like his prediction may prove to be correct.

Regards

petroleum1
Posts: 49
Joined: November 5th, 2016, 8:44 pm
Has thanked: 1 time
Been thanked: 11 times

Re: Oil Price

#89360

Postby petroleum1 » October 19th, 2017, 7:16 pm

"Igor Sechin, the head of Russian oil company Rosneft, said U.S. shale oil production was out of OPEC's control and could threaten the drain on the surplus in the five-year average for global crude oil inventories."

Oil prices retreat on Russian concerns about balance

https://www.upi.com/Oil-prices-retreat- ... t=slh&or=1

dspp
Lemon Quarter
Posts: 1554
Joined: November 4th, 2016, 10:53 am
Has thanked: 612 times
Been thanked: 167 times

Re: Oil Price

#92532

Postby dspp » November 2nd, 2017, 10:17 am

Fugro 3Q results include (my bold):

Fugro said it anticipates a double-digit decrease in revenue, with only a single digit decrease in the fourth quarter.

The offshore oil and gas market appears to be reaching its inflection point. The backlog in our early cyclical marine site characterisation business is up, which is an important early indicator. We are also growing in the building & infrastructure market and have strong positions in the renewables market with good potential for further growth,” Paul van Riel said.

http://www.offshorewind.biz/2017/11/01/ ... 02&uid=718

Which is another useful leading indicator for oil price. Nice to see at $60/bbl and heading up.

regards, dspp

petroleum1
Posts: 49
Joined: November 5th, 2016, 8:44 pm
Has thanked: 1 time
Been thanked: 11 times

Re: Oil Price

#98736

Postby petroleum1 » November 25th, 2017, 11:44 am

https://www.bloomberg.com/news/articles ... d-oil-cuts

"OPEC and Russia have crafted the outline of a deal to extend their oil production cuts to the end of next year, although both sides are still hammering out crucial details, according to people involved in the conversations."

It looks like the oil price will continue to rise from now on.(no crash)

dspp
Lemon Quarter
Posts: 1554
Joined: November 4th, 2016, 10:53 am
Has thanked: 612 times
Been thanked: 167 times

Re: Oil Price

#115203

Postby dspp » February 2nd, 2018, 12:39 pm

“The rebalancing of the oil market has likely been achieved, six months sooner than we had expected.”

Goldman Sachs (NYSE:GS) dramatically revised its outlook for oil in 2018, saying that it underestimated how rapidly the market was tightening. As a result, Brent prices could hit $82.50 per barrel by the summer.

There are a few reasons why the investment bank is suddenly much more bullish on crude. First and foremost, oil inventories have declined much faster than everyone expected, pushed along by strong demand, high OPEC compliance, maintenance and steep declines in production from Venezuela....


etc https://oilprice.com/Energy/Energy-Gene ... anced.html
- dspp

dspp
Lemon Quarter
Posts: 1554
Joined: November 4th, 2016, 10:53 am
Has thanked: 612 times
Been thanked: 167 times

Re: Oil Price

#117709

Postby dspp » February 12th, 2018, 7:20 pm



Return to “Oil & Gas & Energy (Sector & Companies)”

Who is online

Users browsing this forum: No registered users and 1 guest