Peak oil notes – Feb 28

A midweek update…New York oil traded in a narrow range around $93 a barrel this week, closing a touch higher on Wednesday on better news about the US economy. Brent continued last week’s plunge closing on Wednesday at $111.89 a barrel, down $6 a barrel in the last 10 days. The indecisive Italian elections and the renewed nuclear talks with Iran were the main factors behind Brent’s plunge.

Peak oil notes – Feb 14

 A midweek update…So far this week oil prices have changed little. NY oil has been trading around $97 after moving up from $96 on Monday, and Brent has been trading just below $119. The weekly stocks report showed crude inventories increasing by 600,000 barrels which was below the 2.3 million barrel increase the analysts were forecasting and well above the 2.3 million barrel decline the API’s survey showed.