Week of January 26, 2009
1. Last Week 2. Obama’s first week 3. Deflation, Reflation and Our Oil Future 4. Continue Reading
Production and Prices
Oil prices climbed as high as $48 on Monday, collapsed to the low $40s on Continue Reading
Obama’s stimulus
The American Recovery and Reinvestment Plan currently making its way through the Congress contains, among Continue Reading
Venezuela
Of all the oil exporting countries, Venezuela appears to be suffering the worst consequences from Continue Reading
Briefs February 2, 2009
Fatih Birol, the chief economist at the International Energy Agency, estimates that around $100 billion Continue Reading
Quote of the Week
“Russian oil production, which was boosted to new heights in 2007, has now fallen 1.0% Continue Reading
Prices
There has been little production news in the past few days so oil prices have Continue Reading
Curbing Emissions and Consumption
The White House has instructed the Environmental Protection Agency to reconsider whether to grant California Continue Reading
Week of January 19, 2009
1. Last Week 2. The Year Closes 3. Quote of the Week 4. Briefs January Continue Reading
World Production
The first part of last week was dominated by concern over the sagging world economy Continue Reading
OPEC still cutting
For the first time since OPEC began cutting production last fall, analysts are beginning to Continue Reading
Obama’s first week
Shortly after being sworn in, President Obama issued an order halting the implementation of pending Continue Reading
Briefs January 26, 2009
China boosted crude oil production by 2.3 percent in 2008 while natural-gas output gained 12 Continue Reading
Quote of the Week
“The recent years of increased exploration and production spending have not been sufficient to substantially Continue Reading
Contango
Oil prices fell into the upper $30s early last week and stayed there. As it Continue Reading
OPEC’s progress
Raising prices by cutting back on global oil production is turning out to be more Continue Reading
Quote of the Week
“I do not believe low commodity prices and rig counts will be here for Continue Reading
Forecasts
As the global recession deepens, the agencies which prognosticate about future demand for oil are Continue Reading
Briefs January 19, 2009
An Israeli company announced that it has discovered what may be a deposit of over Continue Reading
Prices continue to slip
Oil prices continue to fall this week as US commercial inventories increased by 8 million Continue Reading
OPEC keeps trying
The Saudis are continuing to take the lead in efforts to cut OPEC’s production still Continue Reading
OPEC Cuts Production
The Organization of Petroleum Exporting Countries said on December 17th that it would reduce its Continue Reading
The Volatility Continues
Gaza, OPEC production cuts, and the gas shutoff to Europe competing with an avalanche of Continue Reading
Gaza
A call by an Iranian military commander to cut oil exports to Israel’s supporters last Continue Reading
Briefs January 12, 2009
Investment banks want to hire 10 supertankers to store crude oil at sea, seeking to Continue Reading