Crude Oil Futures Trading News and Videos

U.S. Oil Demand in Oct. Down Less Than Expected

submitted by oiltrades 1130 days ago (via energyinvestmentstrategies.com)

October oil demand down 4.07 pct from year ago: EIAMon Dec 29, 2008 11:25am EST WASHINGTON (Reuters) - U.S. oil demand in October was 598,000 barrels per day more than previously estimated and down 833,000 bpd from a year earlier, the Energy Information Administration said on Monday.U.S. oil demand in October was revised up by 3.14 [...]

Deflation Watch 3

submitted by oiltrades 1125 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 1115 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 1109 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 1109 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 1082 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 1064 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 1055 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 1035 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 1030 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, [...]