Tag Archives: oil prices

Oil Demand Growth to Hit Zero Within a Decade

By 2030, oil demand growth will zero out as consumption is expected to hit a permanent peak, before falling at a relatively rapid rate thereafter. The main driver of the destruction in demand is the proliferation of electric vehicles. 

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Huge Backlog Could Trigger New Wave of Shale Oil 

The ballooning number of uncompleted wells has repeatedly fueled speculation that a sudden rush of new supply might come if companies shift those wells into production. The latest crash in oil prices once again raises this prospect. 

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The Saudi Dilemma: To Cut Or Not To Cut

Saudi Arabia has its problems but it could withstand lower oil prices without feeling too much of a pinch.

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Can We Expect A Major Rebound In Oil Prices?

A price increase from current levels hinges on action from OPEC+. Saudi Arabia has already signaled that it intends to lower exports by 500,000 bpd in December, and that further action might be forthcoming from OPEC+.

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$100 Oil Is A Distinct Possibility 

An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report.   The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent non-OPEC supply from plugging the gap. To top it off, new regulations from the …

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The Downside For Oil Is Limited

Oil prices posted steep losses just as the bulls were back on the march. WTI briefly topped $70 per barrel in recent days and Brent was flirting with $80. But the rally was kneecapped by a variety of factors, and it could be challenging to break above those key pricing thresholds in the near future.

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The Single Biggest Breakthrough in Oil Tech This Year

Unlike Canada's oil sands, characterized by vast toxic tailings ponds and environmental destruction, Petroteq has pioneered a breakthrough approach to oil sands production that minimizes the environmental impact.

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A Saudi-Iran Oil War Could Break Up OPEC

It’s hard to imagine Saudi Arabia assuring Iran that its market share won’t suffer any consequences from its stated pledge to fill any supply gap left by a cut in Iranian exports resulting from the U.S. sanctions. It’s also hard to imagine Iran shrugging and letting this go. Could OPEC be on the way out? Maybe.

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Saudi Arabia and Iran Reignite the Oil Price War

Considering the intensity of efforts by the U.S. to cut off as much Iranian oil exports as possible, it is unlikely that even Iran's significant discounts to Asian customers will save the country's oil exports.

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Can Saudi Arabia Prevent The Next Oil Shock? 

A healthy appetite for crude, combined with an unexpectedly high level of compliance has stabilized markets. The threat of higher oil prices culling demand is still very low but will be looming on the horizon.

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