Breaking some eggs in US shale
Lower as OPEC+ keeps fast-tracking redeployment of previous cuts. Brent closed down 1.3% yesterday to USD 68.
Shale
Söndag, 15 November, 18:57
Nyheter om Shale
More from OPEC+ means US shale has to gradually back off further
The OPEC+ subgroup V8 this weekend decided to fully unwind their voluntary cut of 2.2 mb/d. The September quota hike was set at 547 kb/d thereby unwinding the full 2.
The Damocles Sword of OPEC+ hanging over US shale oil producers
Lower as OPEC+ sticks to plan of production hike while Trump-Tariff-Turmoil creates growth concerns. Brent crude traded up at the start of the day yesterday along with Trump-tariffs hitting Mexico and Canada. These were…
Donald needs a higher price to drive US oil production significantly higher
Easing a bit towards the 80-line this morning following recent strong gains. Brent crude gained another 1.3% last week with a close of USD 80.
OPEC+ holds back on December increase while US produces more
OPEC+ will not to lift production by 180 kb/d in December as planned. Of course an effort to prevent the oil price from sliding lower. US crude oil production is at the same time ticking up by 38 kb/d/month in September…
The most important data point in the global oil market will be published on Friday 28 June
Bjarne Schieldrop, Chief analyst commodities, SEB US crude oil production has been booming for more than a decade. Interrupted by two setbacks in response to sharp price declines. The US boom has created large waves in…
Oil price is mostly fundamentals, not geopolitical risk premium
Brent crude has recovered to above USD 90/b again. Risk premium due to Israel/Gaza? Maybe not so much at all.
The ”normal” oil price is USD 97/b
The Dated Brent crude oil price ydy closed at USD 96/b. Wow, that’s a high price! This sensation however depends on what you think is ”normal”.
Winter wildcard for gas; OPEC+ controls oil
Oil, gas and coal prices have increased by 11%, 48% and 17% respectively since a low point in early June, but they are still down by 16%, 89% and 68% from a year ago. The worst of last year’s energy crisis has passed. Th…
Ultra tight market for medium sour crude and middle distillates
The world is craving for medium sour crude, middle distillates and heavier products. Deep cuts by OPEC+ has created a super tight market for medium to heavy crudes. So tight that Dubai crude now trades at a USD 0.
Mixed signals on demand but world will need more oil from OPEC but the group is cutting
A world where OPEC(+) is in charge is a very different world than we are used to during the ultra-bearish 2015-19 period where US shale AND offshore non-OPEC production both were booming. Brent averaged USD 58/b nominal…
OPEC+ is holding good cards and a steady course
OPEC+ is to meet virtually in Vienna today for its official half-yearly meeting. The bull-recipe is still intact: ”Reviving demand, muted US shale oil response and controlled/restrained supply from OPEC+”. This will driv…
Mest omtalat
- Estland stänger gränsen mot Ryssland 11 källor
- Misstänkt mord i Biskopsgården i Göteborg – två gripna 5 källor
- Uppgift: Centertoppar möts om regeringsfrågan 19 källor
- Sjätte misstänkt häktad efter Älvsjömordet 3 källor
- Iran: Tankfartyg sjönk i Hormuz 3 källor
- USA till VM-final – utklassade Finland 4 källor
- Ryssland bekräftar trepartsmöte i Kina 7 källor
- Massiv protest mot public service-förändringar 2 källor
Mest läst
Följ sökningen
Nyheter om Shale som RSS
Nya nyheter om ämnet laddas automatiskt ner till din nyhetsläsare. Du får gärna publicera eller länka till flödet. Fler RSS-flöden