Peak Oil Review: 18 June 2018
By Tom Whipple, Steve Andrews, ASPO-USA
Oil prices, which have been falling since mid-May, fell more than $2 on Friday to settle at $65.06 in the US and $73.44 in London. For now, the chief concern is that the OPEC + coalition will raise or lift the production cap this coming Friday...
Peak Oil Review: 4th June 2018
By Tom Whipple, Steve Andrews, ASPO-USA
In a short trading week, oil prices closed mixed with London futures holding steady but New York declining on higher US oil output. US oil prices continue to fall well behind world prices, as booming shale oil production deals with pipeline constraints, leading to the biggest discount to North Sea Brent in three years.
Peak Oil Review: 28 May 2018
By Tom Whipple, Steve Andrews, ASPO-USA
The price spike continued through last Monday and then collapsed as word spread that Russia and the Saudis were considering phasing out the 1.8 million barrel production freeze that has been in effect for nearly 18 months. From Tuesday on it was all downhill.
Peak Oil Review 14 May 2018
By Tom Whipple, Steve Andrews, ASPO-USA
Oil prices rose more than 3 percent last Wednesday after President Trump abandoned the Iranian nuclear deal and announced the “highest level” of sanctions against Tehran.
Peak Oil Review: 7 May 2018
By Tom Whipple, Steve Andrews, ASPO - USA
Oil prices continued to climb last week and are now up nearly $8 a barrel in the past month with NY futures at $69.72 and London $74.87. US oil futures are now at their highest in more than three years...
Peak Oil Review 30 April 2018
By Tom Whipple, Steve Andrews, ASPO - USA
With only two weeks to go before President Trump decides whether the US will withdraw from the Iran nuclear treaty, the oil market’s chief concern is about what could happen if the US reimposes sanctions.
Peak Oil Review: 9 April 2018
By Tom Whipple, Steve Andrews, ASPO-USA
Oil futures have fallen about $3 a barrel from two weeks ago when London prices were close to $70. New York futures closed out last week circa $62 and London $67. Prices held steady until Thursday when President Trump announced another round of the tariff war with China sending prices down $1.50 a barrel on Friday.
Peak Oil Review 19 March 2018
By Tom Whipple, Steve Andrews, ASPO - USA
Oil prices closed on Friday at $66.21 in London and $66.34 in New York. Prices are about in the middle of the trading range where they have been since mid-February.