Armada Intelligence
Category archives for: Energy

Crude Oil Production Highest Since 1972 – How? $


Producers in the United States produced more crude oil domestically than we have seen in 43 years – dating back to 1972. The daily average for oil production was 9.6 million barrels, about 1.2 million barrels a day higher than we saw a year ago. This is interesting, but it also begs the question as […]

Fuel Prices Rising – Slightly.


As we continue into the busy summer driving season, we are seeing fuel prices increases across the board.  Regular gasoline is still about 90 cents cheaper than they were a year ago. Prices are just up about 9 cents a gallon from where they were just a month ago.   Diesel also remains in the […]

Rig Count vs. Production – How does this work? $


We heard this week that US crude oil production hit 9.6 million barrels a day, a record that we haven’t seen since the early 1970’s. And, that was an increase over the 9.3 million barrel per day rate we saw in the prior week.

Gasoline and Diesel Prices Gaining on 2014.


For the majority of 2015, year-over-year gas and diesel prices have been consistently $1.00 a gallon higher than they were last year. The latest report from the AAA’s Daily Fuel Gauge Report shows that regular gasoline is now about .99 cents lower than it was a year ago.  Diesel is still about $1.05 lower.  But, […]

Weaker Dollar, Geopolitics, and Oil Sees Nearly $60 a Barrel. $


We talked a little bit about this last week, but as the US dollar weakens, energy prices will instantly respond by increasing.   As we can see in the six month chart from Nasdaq at right, West Texas Intermediate has increased from $46 a barrel to nearly $60 in trading on Thursday. Some of this was […]

Brent Crude Surges on Iran Naval Vessel Boarding Rumor. $


Brent North Sea Crude has shot up (slightly) to $64.52 a barrel on a report out today that Iran boarded a foreign flagged vessel.  The vessel was the Maersk Tigris, a ship flying under the Marshall Islands flag. According to US sources, Iranian gunboats fired across the bow of the cargo ship and “forced it […]

Saudi Arabia Wields the Crude Oil Sword. $


When your enemies get the majority of their GDP from oil and you sit on top of a mound of cash and have a ton of the commodity yourself, it can become a tool of war. Saudi Arabia boosted their crude oil output by 659,000 barrels in March to average about 10.3 million per day […]

Crude Oil Inching Up. $

Crude oil prices are inching up once again largely because of two factors. First, there is some evidence now that the impact of low oil prices is having a material impact on output in the shale oil sector. What investors now believe is happening is that enough investment has been cut that total output is […]

Gasoline Price Update

We just wanted to show you that gasoline prices are still $1.18 per gallon lower than they were a year ago. Despite some more aggressive exporting by US refineries, we are still not seeing any major changes in prices at the pump – yet. What we want to watch over the next several weeks is […]

Be Aware, But Hold Tight on Worry about Oil. $

There are so many factors working on oil prices that it is difficult to even begin to forecast where this market is headed – and where your fuel costs are going. The chart at right is from the Nasdaq and it shows the current price of West Texas Intermediate. What you can see over the […]

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