Analysts have said that they are concerned that the price of crude oil still doesn’t have enough of a risk premium built into the price per barrel. Brent North Sea Crude traders tried to digest a wave of new information regarding geopolitical events (Iran, Syria, Nigeria, Libya, and the Sudan) and positive economic news – [...]
On the heels of a reported deal on a set of austerity measures to ensure that the country gets its bailout funds to stop it from bankruptcy, the energy markets interpreted this deal as a positive and speculators send oil prices up. Brent North Sea Crude is now trading at over $118 per barrel and [...]
We have written significantly about the tensions that have erupted in the northern regions of Nigeria because of Boko Haram rebels and attacks on Government infrastructure and officials. Now, a group that represents the protection of the Niger River Delta region in the southern regions of Nigeria has struck out at oil installations. MEND was [...]
The boom brings its own bust until there is some shift in either the supply or demand. The natural gas industry was one of the success stories of the last year as the new technologies started to drive production to record levels. Prices fell like a stone in response and today the industry is at [...]
I was taught to think like a chess player, understand cause and effect and look several steps forward thinking about actions/reactions. So, it may come as no surprise to many of you that I’m going to challenge you on a Friday – with regard to oil prices and some stretch thinking. Here’s my thought: [...]
Saudi Arabia for the longest time has said that $70 for a barrel of oil is sufficient and a “fair” price. The Kingdom made a pronouncement yesterday that it has now recalibrated its forecast and it now believes that $100 per barrel is a fair price. It wasn’t too many quarters ago that Iran made [...]
Temperatures in the United States have been warmer this year, and as we reported last week, natural gas prices continue to plummet. Prices are 44% lower than they were at this time last year. Weather Forecasters would like to say that the Western Hemisphere is seeing a slowly weakening La Nina condition that should return [...]
If you paid attention to the brief on Tuesday, you would have picked up a significant story we ran on oil risks from problems in Nigeria. Other media sources have jumped on the story (see front page at the right) and it continues to develop as a potentially major issue in the early part of [...]
A rise in natural gas supplies has helped the cost of the gas to plummet in the past week. Falling more than 10% on warmer weather conditions across the country (prior to this mid-week arctic blast that is now sweeping big chunks of the country), consumption had been much weaker than expected and supplies of [...]
The price of oil could be a key determinant in whether there is a Middle East war with Iran. As oil prices climb as we saw today, the risk of war reduces in the near term. A conflict inIran is certainly going to push oil prices higher – so one factor many military strategists would [...]
