A midweek update. After three days of increases which took oil prices up by over $4 a barrel, prices slipped on Wednesday after the weekly stocks report showed US crude inventories hitting a new all-time high.
Articles: oil prices (168)
According to EIA data, monthly US crude oil production peaked in April 2015 at 9.6 mb/d.
A midweek update. Despite several important developments during the last few days which should affect the oil markets, prices have remained largely unchanged with New York futures closing at $45.09 and London at $48.37. London prices were down 10 percent and and New York down 8 percent.
A weekly roundup of peak oil news, including: -Quote of the Week -Oil and the Global Economy -The Middle East and North Africa -China -Russia/Ukraine -The Briefs
Gasoline may stay cheap until we burn through the current market glut in perhaps a year.
In this post, I show some longer-term time series relating to energy growth, GDP growth, and debt growth–going back to 1820 in some cases–that help us understand our situation better.
The convention says that the supply constraints of peak oil lead to an increase in oil prices. But when you factor in fractional-reserve banking, does this not instead imply a decrease in prices?
A weekly roundup, including: -Oil and the global economy -The Middle East and North Africa -China -Russia/Ukraine -The Briefs
A midweek update. Oil prices fell sharply on Monday in response to another sell off in China’s stock markets, trading for a while below $38 a barrel in New York; rebounded on Tuesday; and were down again on Wednesday with New York closing at $38.60 and London at $43.14.
As the price of West Texas Intermediate (WTI) retests the $40 per barrel (bbl) mark, some pundits are again calling for WTI to fall to $15 or $20/bbl.