Crude Oil Futures Trading News and Videos

Nigerian Production Looks to be Down Further

submitted by oiltrades 674 days ago (via energyinvestmentstrategies.com)

The following two reports from Reuters suggest that further violence in Nigeria is continuing to take more oil production off line. One report says the recent violence upsurge is responsible for reducing exports by about 150 kb/d. It is not clear whether the $6 rise in the oil price today was due to Nigerian issues [...]

Is GM Building a Dream Car or a Bankruptcy Case?

submitted by oiltrades 674 days ago (via energyinvestmentstrategies.com)

It appears that GM has fallen in love. It is committing its future to a plug-in hybrid power plant, and its new beloved does look beautiful. It promises the dual benefit of virtually unlimited miles per gallon of gasoline if the owner drives only 40 miles before recharging plus offering a standard 300 mile range [...]

Kashagan May Produce by 2012

submitted by oiltrades 674 days ago (via energyinvestmentstrategies.com)

A report posted below states that the Kashagan field will begin producing at a rate of 150 kb/d, growing to 370 kb/d in 2014. This is more optimistic than recent reports saying the field will not start producing until 2014. Eni to Produce First Oil From Kashagan Field in 2012 (Update1)By Eduard GismatullinSept. 18 (Bloomberg) — [...]

The End of the Beginning

submitted by oiltrades 674 days ago (via energyinvestmentstrategies.com)

As Churchill said during another time of great public anxiety, “This is not the end, this is not even the beginning of the end. But it is the end of the beginning.” At this time of possibly the greatest American economic crisis since 1929, I think that description applies to today’s news that both the [...]

EOR Increases Oil Production Near Term

submitted by oiltrades 674 days ago (via energyinvestmentstrategies.com)

An under-appreciated part of today’s oil supply dynamics is increased incentives for investments in Enhanced Oil Recovery techniques, as I discussed as part of a recent post predicting that oil prices may trade in a range of $80 - $100 for some time. Posted below is a report detailing how new technologies are being applied [...]

Nigerian Production Cut by Conflict

submitted by oiltrades 674 days ago (via energyinvestmentstrategies.com)

A report posted below from the AP saying oil production is down by 1 mb/d after only a few days of attacks by MEND is a bit hard to take at face value. A second report from Reuters is more reasonable, saying 115 kb/d have been taken off line during the past five days. Both [...]

Oil Price May Trade in the $80 - $100 Range

submitted by oiltrades 674 days ago (via energyinvestmentstrategies.com)

I think oil will trade in a range of $80 - $100 a barrel in the foreseeable future, probably another year. Why? First supply and demand: Vectors for a lower price include roughly 3 mb/d of reduced demand from the U.S. (about 1 mb/d) and more Saudi supply (about 2 mb/d) vs. a year ago. [...]

SQM: On Track for Good News

submitted by oiltrades 664 days ago (via energyinvestmentstrategies.com)

SQM Reaffirms Market OutlookTue. September 30, 2008; Posted: 12:50 PM SANTIAGO, Chile, Sept 30, 2008 /PRNewswire-FirstCall via COMTEX/ — SQM | Quote | Chart | News | PowerRating — Sociedad Quimica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A), in light of the high volatility experienced by world stock markets and [...]

Buffett Buys Batteries

submitted by oiltrades 664 days ago (via energyinvestmentstrategies.com)

Mr. Buffett’s investment tends to validate two concepts: that electric vehicles will become increasingly important and that a cost effective lithium ion battery can be part of the solution in the short term. That is more good news for SQM, the world’s largest lithium supplier. One negative to keep in mind is that demand for [...]

PetroBank Analysis

submitted by oiltrades 664 days ago (via energyinvestmentstrategies.com)

I recently discussed the reasoning behind my owning shares of PetroBank (PBEGF). In a recent edition of Value Investor Insight, Passport Capital’s Laurance Narbut explicated the case more thoroughly. The Long Case for Canada’s Petrobank by: Value Investor Insight posted on: September 29, 2008 | about stocks: PBEGF.PK Why is Canada’s Petrobank [PBG:CN] one