Category Archives: Oil

Saudi production

Up again indicating higher net demand. They remain in control of pricing.

Posted in Oil |

US economy should be growing at 3-4%: Former Fed governor

Says problem is not enough drilling! US economy should be growing at 3-4%: Former Fed governor By Katie Holliday July 31 (Bloomberg) — The U.S. economy has the ability to grow at a rate of 3-4 percent if policy makers … Continue reading

Posted in GDP, Oil |

Saudis still firmly in control of price

Full size image

Posted in Comodities, Oil |

The Stockman’s big swinging whip

The Man from Snowy River By Banjo Paterson So Clancy rode to wheel them — he was racing on the wing Where the best and boldest riders take their place, And he raced his stock-horse past them, and he made … Continue reading

Posted in Banking, Bonds, CBs, China, Comodities, Currencies, Deficit, Employment, Exports, Fed, Government Spending, Greece, Inflation, Interest Rates, Oil, Politics, Recession, Trade |

saudi output down

A small drop but looking lower. Won’t alter price yet.

Posted in Comodities, Oil |

Oil Settles Higher After Saudi Arabia Cuts Output

As the article states, production fell because demand fell. If anything that would be oil unfriendly as the Saudis can only cut maybe another 5 million bpd without ‘permanent’ cutbacks, at which point they lose control of price on the … Continue reading

Posted in Comodities, Oil |

WTI vs Brent

The days are numbered before WTI converges up to Brent. The discount is now less than $20. $110 WTI will take away competitive advantages of those now able to use Cushing oil, etc. Enterprise to expand Seaway pipeline to 850,000 … Continue reading

Posted in Comodities, Oil |

Saudi output

See attached Saudi output 9.8mpd for October, unchanged from Sep The question remains, are they at their limits?

Posted in Comodities, Oil |

Naimi Says Saudi Arabia, Gulf States Seeking Stable Oil Prices

This reads a lot like the Saudis have about run out of excess capacity? Naimi Says Saudi Arabia, Gulf States Seeking Stable Oil Prices By Deema Almashabi and Glen Carey October 9 (Bloomberg) — Saudi Arabia, the world’s biggest exporter … Continue reading

Posted in Comodities, Oil | Tagged |

Saudi output

Demand for Saudi crude remained high as they post price and let quantity adjust. So it looks like they are trying to keep prices in check even with demand getting reasonably close to their capacity limits. And it’s not illegal … Continue reading

Posted in Oil |