All posts in oil prices


Europe's Oil Price Spike

June 14, 2010 by Geoffrey Styles
1
<!--break--> In our relentless focus on the excesses of the financial sector, many Americans have forgotten that the severe recession we've just experienced was at least exacerbated, if not partially caused by an oil price shock. Now it might be Europe's turn, as the Euro continues its slide against the US dollar. It's a fairly... [read more]

NYMEX crude oil prices plunge to $70 on US supply glut, euro contagion fears

May 15, 2010 by Ee Mien Low
0
<!--break--> channelnewsasia.com : NYMEX crude oil prices tumbled to 3-month lows on Fri [14 May 2010] at the end of a volatile week in which the market was hit by eurozone economic concerns and a strong dollar. NYMEX light sweet crude for Jun 2010 delivery closed at $71.61 per barrel. The price had tumbled to $70.83, the lowest... [read more]

It's The End of the World (As We Know It)

May 15, 2010 by Craig Severance
3
<!--break-->   Oil Production Peak Much Sooner Than Expected  May 14, 2010 by Craig Severance A storm is quickly approaching, and the world is not ready for it. The permanent end of the era of cheap oil is coming as soon as next year, according to a raft of official reports that have made their way... [read more]

Derivatives markets, storage and price volatility

May 11, 2010 by Michael Giberson
0
<!--break--> I found this discussion of spot oil prices, futures prices, and commodity storage to be insightful: [R]ecent evidence suggests that the combination of derivative prices and storage stabilized rather than destabilized the oil markets. Indeed, during the run up in oil prices at the beginning of 2008 the spot price for oil... [read more]

Global oil demand hits new high — threatening both economic and national security

April 14, 2010 by Joseph Romm
2
<!--break--> The International Energy Agency (IEA) released new findings Tuesday April 13 that global oil demand will reach a record high level in 2010, as the world economy recovers and developing nations’ demand for oil grows to new heights.  IEA forecasts that average annual world oil demand will have rebounded 2% from 84.9... [read more]

NYMEX crude oil prices surge above $86 to 17-month high on economic recovery

April 6, 2010 by Ee Mien Low
0
<!--break--> bloomberg.com : Crude oil prices surged to the highest level in 17 months as growth in American jobs and service industries signaled that the economy is recovering from the worst recession since the 1930s. NYMEX crude oil prices for May 2010 delivery increased $1.75 to settle at $86.62, the highest closing price since... [read more]

Crude oil prices in 2008: Was the spike a bubble?

March 31, 2010 by Michael Giberson
0
<!--break--> In the physical world, spikes and bubbles are quite different things that don’t generally get mistaken for one another.  Curiously, in economic metaphor, the same phenomena can be called a spike and a bubble.  Argument among economists continues on the issue of whether the oil price spike in 2008 was or wasn’t a... [read more]

Obama, oil markets and oil price fluctuations

March 26, 2010 by TimHaab
1
<!--break--> I'm fairly conservative when it comes to letting markets do their thing.  I don't like it when governments interfere with and regulate fairly well-functioning markets.  That's why it bugs me a little when conservatives blame the President for simple fluctuations in markets that are a result of basic economic... [read more]

Energy Security Populism: Oil Prices, American Leaders, and Media

March 22, 2010 by Robert Rapier
0
<!--break--> The following guest essay is by Kevin Kane. Kevin is an energy market strategist, Asia political affairs analyst, and Korean language linguist living in Seoul, South Korea. Kevin previously published American Freedom from Oil: A Bipartisan Pipedream. Energy Security Populism: Oil Prices, American Leaders, and Media... [read more]

Oil Price Hangover

March 1, 2010 by Geoffrey Styles
0
<!--break--> The price of oil is an odd thing. It's watched by millions of people every day, especially when it reaches uncomfortable levels, yet no two observers agree on all the details of how it's determined. Having traded the stuff professionally, I've always given a lot more credence to the fundamentals of supply and demand than... [read more]

Branson warns that oil crunch is coming within five years

February 7, 2010 by Big Gav
0
<!--break--> The Guardian reports that Richard Branson hasn't forgotten the trouble the last oil price spike caused his transport businesses and is warning about another shock - Branson warns that oil crunch is coming within five years. Sir Richard Branson and fellow leading businessmen will warn ministers this week that the world is... [read more]

China setting the world’s oil price ?

January 25, 2010 by Big Gav
0
<!--break--> The FT has a post pointing to a Goldman Sachs report on the oil market, noting the drop in US demand has been entirely offset by a rise in Chinese demand - China, setting the world’s oil prices . They also point to a report from the IEA, pointing out that some Saudi Aramco grades are no longer available to European... [read more]