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why are the Saudis raising oil output?
Saudi Arabia to the rescue Saudi Arabia announced recently that it is upping the amount of oil it produces. It’s doing so to replace the portion of Libya’s normal output of 1.6 million barrels a day...
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oil: will falling prices reduce supply?
Ultimately, yes …but only at lower prices than today’s., I think. With any mining commodity, price declines normally end only when the highest-cost firms have to pay more to produce the commodity...
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oil: how the price dynamic has changed
Value Line vs. O”Neil My first Wall Street job was with Value Line, a firm which has seen better days but which dominated the retail market for investment information in the 1970s – 1980s. It still...
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which is the better question: where is the oil price floor or where is the...
I read sports for a radio station for the blind each Thursday. I was listening, as usual, to Bloomberg radio in my car while on the way. I caught the tail end of a conversation in which a guest was...
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more on oil
As I was thinking about this post, I knew that oil is a complicated subject and that there’s a risk of getting lost in the details. So I decided to sketch out the structure of the post carefully on...
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Shaping a Portfolio for 2016: petrodollars
Petrodollars is the term coined in the 1970s to describe the money flow from oil consuming nations to oil producers–meaning by and large OPEC–during a decade when the crude oil price skyrocketed from...
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will OPEC cap its oil output?
…maybe, for a short while anyway. Ultimately, no. Will this move shore up oil prices? …probably not. Yesterday OPEC announced a provisionary agreement according to which the oil cartel’s members will...
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firming oil prices: seasonal strength or something more?
September through mid-January is the period of greatest seasonal strength in oil prices. Early in this period, refineries shift from making gasoline to supply drivers to manufacturing heating oil in...
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Saudi Arabia’s about-face
About a week ago, Saudi Arabia brokered an agreement among oil producing countries to cap their aggregate output of crude at 32.5 million barrels daily. This will require daily liftings to be reduced...
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BP Energy Outlook 2016
BP just released its annual Energy Outlook. The company is projecting faster development of shale oil, coming mostly over the next few years from the US, than it previously thought. Renewable energy...
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how low can the crude oil price go?
This is my response to the comment of a regular reader. There’s no easy answer to this question. I have few qualms about putting a ceiling on the oil price. In round terms, I’d say it’s $60 a barrel,...
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prices equity investors watch Investors who are not oil specialists typically use (at most) two crude oil prices as benchmarks: —Brent, a light crude from under the North Sea. Today it is selling at...
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