During his first six months, he clearly articulated the link between environmental security, economic security and national security — making the case that a national commitment to renewable energy could simultaneously reduce unemployment, dependence on foreign oil and vulnerability to the disruption
of oil markets dominated by the Persian Gulf reserves.
Oilprice.com readers now have total access to the oil industry's most valuable information - shining a light on the corners
of the oil markets that were previously hidden from 99.9 percent of investors and energy enthusiasts.
CNBC's Jackie DeAngelis reports on the close
of the oil markets following OPEC news out of Algeria.
Trump has increased US support for the Saudis against Iran, which could increase the risk of a battle for control
of the oil market spilling into an all out confrontation.
CNBC's Jackie DeAngelis reports on the close
of the oil market following a surprise build in inventories.
CNBC's Jackie DeAngelis reports the close
of the oil market as they roll over to November from October.
These producers are better positioned to navigate shorter cycles in the supply - demand dynamics
of the oil market.
The investment bank said in a new report «the physical rebalancing
of the oil market has finally re-started.»
Specifically, they relate spot West Texas Intermediate (WTI) crude oil price to: the U.S. dollar exchange rate versus a basket of developed market currencies; Dow Jones Industrial Average (DJIA) return; U.S. short - term interest rate; the S&P 500 options - implied volatility index (VIX); and, open interest in the NYMEX crude oil futures (as an indication of financialization
of the oil market).
Watch revenue from acquisitions NOW has been taking advantage of the downturn to strategically roll up its smaller competitors, which is enabling it to somewhat mute the impact
of the oil market downturn on revenue.
What: Just when investors thought it was safe to go back into the waters
of the oil market, building inventories of refined product and crude sent oil prices plunging today and taking exploration and production stocks with them.
We'll obtain further insight as to the state
of the oil market when the EIA releases their official tally on Wednesday.
Considering the case
of the oil market, I mentioned above that the spot price is currently about $ 59 and the price for delivery in December - 2016 is about $ 64.
If that happens, Weinberg says, the rest
of the oil market will follow suit and abandon the dollar.
Managers
of Oil Marketing Companies (OMCs) operating in the Northern Region have backtracked on their decision to shut down their fuel stations in protest of recent attacks by robbers, after a meeting with the Northern Regional Security Council (REGSEC).
«The theft
of the oil market by some Nigerians that happen to live there who feel that the oil belongs to them and not the country is an irritating thing for those of us who participated in the civil war for 30 months in which at least two million Nigerians were killed,» he said.
IES - Market scan indicates Zen Petroleum, Benab Oil, Pacific, Lucky Oil and Frimps Oil lead the chart
of Oil Marketing Companies (OMCs) selling the cheapest fuel per litre at the pump.
The committee will be made up of representatives of; the National Petroleum Authority (NPA), the Tema oil Refinery (TOR), the Ghana Standards Authority (GSA), Bureau of National Investigations, Chamber of Bulk oil Distributors, Association
of Oil Marketing Companies, Energy Commission and a representative from the relevant Civil Society Organizations.
The Treasury Single Account, the collapse
of the oil market, and the humbling of the naira have in the past year meant that there isn't much for people to steal, but current stealing has never been the issue for this government, as it does not admit of corruption within its ranks.
In addition, now that the fierce downturn
of the oil market has come to an end, Dover is firing on all cylinders, with meaningful growth in all the segments.
If you're going to take 20 percent out
of the oil market price, under conventional wisdom, you'd've expected interest rates to fall substantially, not just 15 basis points or so, as we saw.
Even Bloomberg admits there are implications for the U.S. dollar's well - established role as the global currency
of the oil market, as Sungwoo Park sums up some of the key questions...
Since c. 2008 - 9, investors are hedging against «inflation, US dollar weakness and possible geopolitical events,» instead of investing in the front end
of the oil market.
The re-balancing
of the oil market desired by the leading producers has been a stubborn process 11 August 2017
The two major constraints on development were the size
of the oil market (demand) and the cost of the various phases of development (supply).
It would be simply impossible for the airline industry to continue its operations if it became subject to the whims
of oil market.
First, one group, OPEC controls 40 percent
of the oil market supply, unlike in the more broadly diversified real estate market.
Not exact matches
But there was cause for caution too: Disappointing British manufacturing and consumer lending figures added to Europe's recent run
of poor data, worries about Iran's nuclear deal simmered in
oil markets, and Wall Street was waiting for Apple's results following recent whispers
of weak iPhone demand.
As the North American
oil transportation system continues to evolve, with new pipelines, reversals
of existing lines and a growing role for
oil - by - rail, what is clear is that the North American
oil market will eventually settle into a new era
of pricing relationships which will be very different than those which prevailed prior to 2008.
Prime Minister Stephen Harper lent support to the 1,200 - kilometre, $ 6 - billion pipeline that would carry more than 500,000 barrels a day
of crude
oil from Edmonton through the Rockies to Kitimat, B.C., where it could be transported by tanker to
markets in the U.S. and Asia, including China.
I put more faith in futures
markets than in private sector and budgetary forecasts, but given the recent escalation
of oil prices, there is a reasonable chance prices end up matching or exceeding the estimates in Budget 2016.
In addition to the underperformance from the energy sector after U.S. military strikes in the Mideast, big
oil stocks like Exxon Mobil and Chevron, which have a longer history than the ETFs, as well as the price
of crude
oil, have also trailed the
market.
The OPEC member that needs the «lowest» price
of oil to balance this year's expenditure is Iran, at $ 52 a barrel, according to data by RBC Capital
Markets.
LONDON, April 25 (Reuters)-
Oil eased on Wednesday, but held in sight
of three - year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish
market.
If this unofficial
oil price target were reached, however, it could backfire spectacularly on both sides
of the
oil -
market - balance equation — supply and demand.
The international banker said all
of these activities
of the kingdom are for real and will push earnings positively, but it would be unrealistic to not think the
market has reacted significantly to the crude
oil rally.
In January, Saudi regulators changed rules for qualified foreign institutions to allow them to own up to 49 percent
of listed securities as the kingdom opens up its stock
market and plans a 5 percent sale
of $ 2 trillion
oil giant Aramco in 2019.
The price
of oil has risen to its highest since late 2014 this month, driven by concern over the potential for disruption to Iranian crude flows, but analysts say the degree
of uncertainty hanging over the deal means the
market is extremely sensitive to any developments.
Saudi Arabia's state - owned
oil behemoth had planned to begin trading on the country's domestic stock
market — the Tadawul — and one or more foreign exchanges in the second half
of 2018.
Cenovus, one
of the biggest
of Canada's
oil sands producers, said in March that it was operating at lower capacity due to the maxing out
of pipelines and other routes through which it sends heavy
oil south to U.S.
markets.
NEW YORK, May 1 (Reuters)-
Oil prices slid more than 1 percent on Tuesday as the dollar remained near a four - month high, but worries that U.S. President Donald Trump will pull out
of the Iran nuclear deal underpinned the
market.
A rebound in
oil prices following the 2014 collapse
of the crude
market has somewhat curbed the need for such a large IPO, sources told the Wall Street Journal.
A lot has changed in crude
oil markets in North America in the last few years, and these changes have had significant impacts on the value
of Western Canadian crude production.
This production, combined with steadily increasing imports from Canada led to a glut in the U.S. Midwest, and a disconnection
of the U.S. mid-continent
oil market from world
markets.
Steven Cook, senior fellow for Middle East and Africa Studies at the Council on Foreign Relations, said higher
oil prices lessen all the worries from 2015 and 2016 about the Saudi government's ability to maintain its commitments, but the consolidation
of power in the hands
of the Crown Prince also is significant for the
market and investors as his reform program is widely regarded as critical for Saudi Arabia's future prosperity.
TORONTO — The Toronto stock
market closed higher as energy stocks advanced while
oil prices hit a 16 - month high and traders took in a mixed batch
of U.S. earnings.
But companies are still feeling the pinch
of the massive glut
of oil worldwide, which has brought down
markets and remains a major policy discussion among international producers.
When the company auctions that oilfield drill, for example, the goal is for its pricing model to forecast demand in the near future based on different factors, such as the price
of oil, leaving Ritchie Bros. less vulnerable to
market surprises.
The teaser for the panel on energy
markets that I am speaking on at the Milken Institute Global Conference, highlights relentless U.S. production offsetting OPEC reductions, renewables disrupting traditional energy
markets, and the geopolitical implications
of U.S. production growth displacing Russia as the world's largest
oil producer.
Investors who were underweight on the Canadian
market because
of negative outlooks on the Canadian dollar,
oil and other commodities are returning, says Lesley Marks, senior vice-president and chief investment officer, Fundamental Canadian Equities, at BMO Asset Management.