Peak Oil Review 13 August 2018

By Tom Whipple, ASPO - USA

Oil prices slid about 3 percent last Wednesday as the trade dispute between the US and China escalated and after Chinese import data showed a slowdown in energy demand.

Peak Oil Review 6 August 2018

By Tom Whipple, Steve Andrews, ASPO - USA

Oil prices fell last week mostly on concerns that the looming US-China trade war would stifle demand. There was a short-lived rally on Thursday after the stocks report showed a 3.8 million barrel increase in total crude stocks mostly due to lower exports, but a 1.1 million drop in the inventory at Cushing, Okla.

Peak Oil Review 30 July 2018

By Tom Whipple, ASPO - USA

Oil prices climbed steadily through Thursday last week, supported by easing US-EU trade tensions and a temporary shutdown by the Saudis of a critical crude oil shipping lane. 

Peak Oil Review 23 July 2018

By Tom Whipple, Steve Andrews, ASPO - USA

The $3 drop in US oil prices last Monday was a signal that the forces moving the oil market are changing. Last year, the main forces pushing the oil markets higher were the agreement by OPEC and its partners to lower production and the growth of global demand.

Peak Oil Review 16 July 2018

By Tom Whipple, Steve Andrews, ASPO - USA

Oil prices dropped suddenly last Wednesday on the news that yet another dispute in Libya had been settled so that the traditional Libyan National Oil company was back in business exporting oil from its major terminals.

Peak Oil Review 9th July 2018

By Tom Whipple, ASPO - USA

Oil prices traded in a narrow range last week, between $73-$74 a barrel in New York, and $77-78 in London. A surprise increase in the US crude stocks balanced off the uncertainties of the US-China trade war that began on Friday.

Peak Oil Review: 5 July 2018

By Tom Whipple, Steve Andrews, ASPO - USA

In the two weeks since the OPEC+ coalition decided to increase oil production by an undefined amount, oil prices have risen steadily on fears that there will be oil shortages and higher prices in the coming months. 

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: 11 June 2018

By Tom Whipple, ASPO-USA

Oil futures traded in a narrow range last week, at circa $65 a barrel in New York, and $76 in London. The standoff between higher and lower oil prices continues apace.

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.