Crude Oil Futures Trading News and Videos

submitted by oiltrades 606 days ago (via energyinvestmentstrategies.com)

Some companies are cutting compensation levels and hours rather than cutting employment. For example, here is a report on Visteon, the car parts supplier, that is putting 2,050 employees on a 4-day week and cutting their wages by 20%. If you Google “wage cuts” you get 529,000 responses.Cutting wages and/or hours is a more humane [...]

Newsletter 21: January 15, 2009

submitted by oiltrades 596 days ago (via energyinvestmentstrategies.com)

Our current investment trauma marks the end of an era of excesses in credit and real estate markets, of course. But it also denotes that the United States is undergoing a far more general and significant transition - not only to a new government with a radically different agenda, but more lastingly into a whole [...]

Mexican Oil Exports Down 16.8% in 2008

submitted by oiltrades 590 days ago (via energyinvestmentstrategies.com)

Production dropped 9.2% but since domestic demand grew, exports dropped much more. The cause of reduced production was an astounding 31% decline in the giant Cantarell field that is now producing at only half the rate of a few years ago. Increased production at the KMZ field mitigated the total decline, but KMZ production is [...]

Alberta Water Limits: a Warning to Oil Sands Producers

submitted by oiltrades 590 days ago (via energyinvestmentstrategies.com)

As the Globe and Mail reported today, the Alberta government has issued its first ever restriction on the amount of water that oil sands producers can withdraw from the Athabasca River. I don’t know the extent to which this could limit production by the four companies that are impacted, which includes Canadian Oil Sands Trust [...]

Rare Earth Metals Update

submitted by oiltrades 563 days ago (via energyinvestmentstrategies.com)

My recent post on “Battery Wars” was a broad overview of the ongoing global struggle to develop one or more cost-effective batteries to power a commercially viable electric or hybrid vehicle. Follow-on commentaries to that post have added more substance and I invite readers with knowledge to add their views on the viability of lithium-ion [...]

When Will the Oil Price Pop?

submitted by oiltrades 545 days ago (via energyinvestmentstrategies.com)

Six month ago - when the world economy looked significantly rosier - I posted an analysis of projected supply and demand for oil going forward to 2015. The analysis was based on the assumption of continued demand growth, continuing decline of old oil fields and expected new production from announced oil megaprojects. I adjusted the [...]

Newsletter #22: March 16, 2009

submitted by oiltrades 536 days ago (via energyinvestmentstrategies.com)

Are stocks and oil bottoming?Was last Tuesday’s 350-point rally the beginning of the end of the bear market or just a false “bear trap?” And a related question: “Did oil bottom at $33 and will it get re-tested?” Let’s see what we know.Some things we knowSometimes the objective observable facts can yield fairly clear conclusions. [...]

Mexican Oil Exports Down in February

submitted by oiltrades 516 days ago (via energyinvestmentstrategies.com)

Platt’s reported a 12% y/y decline in Mexican oil exports in February. “In February 2009, Mexico exported 1.257 million b/d of crude, down from 1.366 million b/d in the previous month and 1.429 million b/d in February 2008.”

Newsletter 23: April 10, 2009

submitted by oiltrades 510 days ago (via energyinvestmentstrategies.com)

Oil and Stocks Advance Further Oil and stocks seem to have bottomed as I suggested last month. Since that March 16th post, stocks are up another 8%, a scorchingly hot run on an annualized basis. Since March 6th the S&P is up over 21%. Meanwhile the price of oil has risen almost 35% since February 18th, [...]

Petrobank

submitted by oiltrades 507 days ago (via energyinvestmentstrategies.com)

I’ve owned Petrobank (PBEGF), a TSE oil junior, at $50, sold it as the market tanked, and over the past few months I’ve been buying it again in greater quantity in the teens. It’s now just over $20. I’ve been impressed with management’s apparent ability to successfully execute a standard “exploration and production” strategy as [...]