Peak Oil Review 25 March 2019
By Tom Whipple, Steve Andrews, Peak-Oil.org
Prices climbed for the first three trading days last week on the perception that oil supplies were tightening due to the OPEC+ cuts, the US sanctions on Iran and Venezuela, and a 9.6-million-barrel decline in US crude stocks.
Peak Oil Review: 18 March 2019
By Tom Whipple, Steve Andrews, Peak-Oil.org
The struggle between a weakening global economy and the shrinking availability of oil supplies seems to be tipping in favor of the latter as oil prices slowly make their way higher.
Peak Oil Review 4 March 2019
By Tom Whipple, Steve Andrews, Peak-Oil.org
The struggle between lower crude output and the prospects for a global economic setback that could reduce the demand for oil continued last week. Prices rose on bullish news early in the week and then fell to close only slightly higher for the week at $55.80 in New York and $65.07 in London.
Peak Oil Review 11 February 2019
By Tom Whipple, Steve Andrews, Peak-Oil.org
Oil prices have moved very little in the past month closing on Friday at $52.72 in NY and $62.10 in London or about where they were in the first week of January.
Peak Oil Review: 28 January 2018
By Tom Whipple, Steve Andrews, Peak-Oil.org
Oil prices continue to hover in the low $50s in the US and low $60s in London – about where they have been since early January.
Peak Oil Review: 14 January 2019
By Tom Whipple, Steve Andrews, Peak-Oil.org
Oil prices continued to climb last week and are now some $10 a barrel higher than they were just before Christmas when recent lows were set.
Peak Oil Review: 7 January 2019
By Tom Whipple, Steve Andrews, Peak-Oil.org
Since hitting a recent low on Dec 22nd, oil prices have climbed by $5-6 a barrel as the markets tried to sort out where supply and demand are going.
Peak Oil Review 2 January 2019
By Tom Whipple, Steve Andrews, Peak-Oil.org
It was a volatile week for oil prices with WTI falling on Monday to nearly $42 a barrel and London falling to $51. Oil surged on Wednesday, after posting on Christmas day its strongest daily gain in more than two years from the steep losses on Monday that pushed crude benchmarks to lows not seen since 2017.