Updated: You would think if last week’s large inventory drop was due to fog-induced delays, all of that crude would show up this week. Not so, as another drop in crude inventories was recorded: U.S. […]
Tag: oil prices
This Week in Petroleum 12-5-07
Update following the release: Big surprises all around this week: Summary of Weekly Petroleum Data for the Week Ending November 30, 2007 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) dropped […]
Beginning of the Correction?
It’s no big secret that I think oil prices ran ahead of themselves in the past couple of months. I don’t think they should have cracked $90 this year (and despite mass amnesia by analysts, […]
The OPEC Showdown
It has been clear for some time that OPEC members are deeply split over whether $100 oil is good for them in the long-term. Saudi Arabia, having been in this game a long time, probably […]
Why Oil Prices Defied Expectations
Happy Thanksgiving to all! It was a normal work day here in Scotland for me, which stinks. But I am now home, the turkey just came out of the oven, and soon I will be […]
Analysts Puzzled over Oil Prices
I have said many times that I think that oil prices have gotten ahead of themselves. Yes, supply is tight, and I figured $100 oil next year was a good bet as supply further tightened, […]
U.S. versus U.K. on Gasoline Prices
In the U.S., high gas prices tend to focus anger toward oil companies. In fact, as a reader recently pointed out, Shell’s CEO has even gotten death threats over the issue: Oil CEO Receives Death […]
Prepare for Volatility
I saw a comment from someone yesterday that if this week’s inventory report shows a sharp drop in crude inventories, oil will probably spike up above $100. I do think that because of the storms […]
“Really Bad Days”
The normally optimistic International Energy Agency (IEA) made some very pessimistic comments in Time yesterday: Oil Prices: It Gets Worse Oil prices hit a record high of $97 a barrel on Tuesday, but the next […]
$100 Oil This Week
It hasn’t gotten all that much media coverage yet, but it is looking more and more like Mexico has taken a Katrina-sized hit that has devastated Tabasco. I had to go to The Irish Times […]