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  • Crude oil settles below $28 as oversupply prognosis worsens  [View news story]
    No coordination, well, Saudi Arabia do not want to cut production, and nor the Russian will cut.

    All major oil producers think that someone else should cut, and they give various reasons. Result, no action.

    The pain is now starting and there is actually no telling on how low Oil can go, my guess is 1 US Cent. It is only industry experts that might give on the effect of lower capex, no ordinary should invest in Oil and dream on $100 dollar oil.

    I have said it before, that every oil producers should slow the producing rigs to the slowest point possible, because that will decrease Depreciation, depletion and amortization per BOE and reduce capex used maintaining or developing new land.
    Feb 9, 2016. 04:07 PM | Likes Like |Link to Comment
  • Energy leads averages lower  [View news story]
    I would recommend to stay clear of any energy stock, OPEC has increased production, clearly OPEC wants to destroy any oil production and there will not be any production cut in 2016.

    Feb 1, 2016. 04:35 PM | 1 Like Like |Link to Comment
  • Stocks and oil give up gains  [View news story]
    I am sorry, but sometimes one have to air one´s frustration.
    Jan 19, 2016. 04:32 PM | 2 Likes Like |Link to Comment
  • Stocks and oil give up gains  [View news story]
    The market in general is overall down, down and more down, Crude Oil companies have lost up to 99% of their value and many have received notice of delisting.

    Someone is definitely manipulating the market, months upon months have been bear territory, I think the virus from China has spread to the automatic sell/buy machines since they have been put on a greedy red territory.

    This looks like hacking, who is benefiting the most, who receives more money on shorting and getting cash?
    Jan 19, 2016. 03:02 PM | Likes Like |Link to Comment
  • Crude futures give up most of the gains  [View news story]
    Decreased crude production will only mean more imports of crude oil.

    The refineries are winning the battle, and therefore it will take a BIG effort from crude oil producers to reduce crude oil inventory while managing increased Gasoline and Distillates
    Jan 13, 2016. 10:38 AM | 3 Likes Like |Link to Comment
  • Crude futures give up most of the gains  [View news story]
    This is a battle between refineries and crude oil producers.
    This is a Win for refineries and a lost week for crude oil producers.
    Jan 13, 2016. 10:34 AM | 1 Like Like |Link to Comment
  • Oil swings lower on fresh worries  [View news story]
    China is a maturing country, it is only expected that growth slows.
    Jan 11, 2016. 05:56 AM | 2 Likes Like |Link to Comment
  • Is oil in the $20s an inevitable reality?  [View news story]
    Oil is at the moment bottomless, it is quick sand.

    The Bears on Wall Street do not see Saudi Arabia's conflict with Iran as a real conflict, not even if Saudi Arabia invades Yemen in a short amount of time.

    Iran will not jeopadize any standing that would impose sanctions again, but, the news media failed to ackownledge, Irans cooperation with North Korea and nuclear weapons are compatible with a full stockpiled Iranian missile stock.

    The last seven days of price decline, and the big increase in reported this week, why was there an increase, was it because of past days natural disaters across US?

    You cannot in any case make a historic comparision and predict the price, you can use the lack of investments if the well produce less than the technology used in the well.
    Jan 7, 2016. 03:05 PM | Likes Like |Link to Comment
  • Crude futures decline further on unexpected inventory build  [View news story]
    It will take great effort to reduce the glut, any decrease in production would only mean more imports, hence, it is better to try and export it and adjust production to decrease import.

    This is going to be a very difficult task, when many E&P have debt and only have a choice to increase production in order to pay down the debt.
    Dec 30, 2015. 10:56 AM | 1 Like Like |Link to Comment
  • Crude gets lift from U.S. export prospects  [View news story]
    The EIA numbers tomorrow are what the market needs to hear, the day today will be in a waiting mood for tomorrow.
    Dec 29, 2015. 09:30 AM | 1 Like Like |Link to Comment
  • Whiting Petroleum - 2016 Plans Are Too Optimistic, Investors Should Be Skeptical  [View article]
    I am going to say something unpopular, WLL and all other energy companies with a big debt and to low revenue.

    These companies have to increase their production and get more revenue. This will undoubtly further decrease the price of crude and the biggest US oil companies will have to decide what companies are competive and then buy them out of the market.

    Even when a company is chapter 11, the bank will continue the production in order for the bank to get as much cash to reduce the debt.

    2016 may be the M&A year.
    Dec 28, 2015. 07:17 PM | 3 Likes Like |Link to Comment
  • U.S. Gulf Coast Infrastructure Provides For Crude Oil Exports Without Delay  [View article]
    The value in lifting the export ban is for the US Crude oil producers that have to sell at a lower price than WTI and Brent.

    Saudi Arabia just got another international player on the market, from 2016 they can add US, and they can explain it that they tried to fill US storage and they expected that the US politician would not lift the ban, but Saudi Arabia failed in their policy.

    The future brings US and Iranian oil on the world stage again.
    The stock market is in Q1 2016 very sensitive to Oil Storage in the US.
    The stock market is less than very sensitive to the Rig count.
    Dec 26, 2015. 11:06 AM | 6 Likes Like |Link to Comment
  • Crude futures react to unexpected inventory build  [View news story]
    This is good news for the European Union, the US has an unwanted crude oil surplus etc, and The EU needs to import 9,5m b/d.

    Russia and Saudi Arabia will now have trouble in the "old eastern Europe", when the US now can export Oil products and the US and future President can now finally ensure energy security EU each time Russia threatens to cut the oil supply in order to impose communism and extremism to the EU and Ukraine.

    Gazprom can experience trouble in the EU market, if the Americans truly want to, give Gazprom trouble, US Crude sales guys should fly to the EU, and start selling. This will benefit all who are involved in Oil product transport economy.

    OPEC will suddenly also loose customers to US, The Europeans are tired of Oil funded terrorism from the middle east and now Europeans can buy US Oil instead of Russia and/or OPEC.

    US Crude can now sell to EU at a higher price than they can today.

    Here are some good links, it is sourced from BP Statistical Review
    Europe Oil Consumption - it goes to 8-31-2015

    BP Statistical Review
    Dec 16, 2015. 11:54 AM | 2 Likes Like |Link to Comment
  • Will OPEC Move Oil Again?  [View article]
    The mixed signal from OPEC members are the first signs of the "pain" Saudi Arabia wanted, and I believe nothing will change on Friday.

    It will require trust between SA, Iraq and Iran to negotiate a deal that leads to higher crude oil prices.
    Dec 2, 2015. 08:12 PM | Likes Like |Link to Comment
  • Saudi Arabia Is Sticking To Its Strategy, But For How Long?  [View article]
    The Saudi´s are in trouble and will have to, at some time, recognize that they don't have the cash on hand to actually break anything.

    In fact, the Saudi have forced all oil companies to strengthen their balance sheet and bank loans, which have been accepted by the Banks, Crude Oil Producers and the market.

    The Saudi action will only delay increased Iranian production, and when Saudi Arabia have spent all its money, producing to the warehouse, the Iranian will still have a good portion of their sanctioned 100$ Billion dollars for investments.

    And the Saudi will have created some angry banks that have borrowed and lost money on defaulting crude oil producers all over the world, and it will be self defeating and result in increased interest rates, when the Saudi are forced to borrow.
    Nov 29, 2015. 04:17 AM | 5 Likes Like |Link to Comment