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.
Tag: oil prices
Oil’s Wild Price Swings Set to Create Global Chaos
By Andrew Nikiforuk, The Tyee
As the current global oil glut shakes up petro states around the world, oil prices are becoming more volatile than Donald Trump tweets.
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.
Peak Oil Review 26 December 2018
By Tom Whipple, Peak-Oil.org
Oil prices fell by more than 11 percent last week to their lowest since mid-2017 with London futures closing at $53.82 and New York at $45.59.
Peak Oil Review 17 December 2018
By Tom Whipple, Steve Andrews, Peak-Oil.org
Oil prices were volatile last week trading inside a narrow range of about $1.50 a barrel and climbing or falling in response to the news of the day.
Peak Oil Review: 10 December 2018
By Tom Whipple, Steve Andrews, Peak-Oil.org
Oil prices surged briefly on Friday after the announcement of a 1.2 million b/d OPEC+ production cut; however, by the close NY futures were up only $1.61 to close at $52.61, and London was up about the same to close at $61.67.
Peak Oil Review 3 December 2018
By Tom Whipple, Steve Andrews, Peak-Oil.org
US oil production continued to climb in September with oil companies producing a record 11.47 million b/d, 1.98 million b/d higher than in September 2017 (it takes two months to get reliable numbers accumulated).
Peak Oil Review: 26 December 2018
By Tom Whipple, Steve Andrews, Peak-Oil.org
Oil prices slid more than 6 percent on Friday to the lowest levels in more than a year. New York futures closed at $50.42, down almost $26 a barrel since early October, and London closed at $58.80.
Peak Oil Review 19 November 2018
By Tom Whipple, Steve Andrews, Peak-Oil.org
The $20 a barrel price plunge, which began in early October, continued last week with New York futures closing at $56.46 and London at $66.76.