All Posts Tagged With: "Oil Production"
Saudi’s Fail In Bid To Slash Oil Price: Here’s Why It’s Time To Buy Oil
The mooted plan by Saudi Arabia to hike oil production in July by 200,000 barrels is marginal. It is not going to have a significant effect on the oil price. I am also not sure if it is true, after all it was UN head honcho Ban Ki Moon who revealed the plan and not the Saudis.
Oil Rallies as Roller Coaster Continues - Nigeria Moves to Stabilize Production
On the supply front, Nigeria’s president said the country’s state-owned oil company will take over operations in the Ogoni district of southern Nigeria from a Royal Dutch Shell joint venture. President Umaru Yar’Adua made the announcement after talks with French President Nicolas Sarkozy, saying that the move will “calm down” unrest among local residents.
The Great Green Debate
Last week I promised that I’d go over some promising sectors in the green market. But the past two articles on the topic generated some important feedback that I’d like to go over with you today.
Indonesia Says ‘Goodbye OPEC, Hello Peak Oil’
Last week, Indonesia’s Minister of Energy and Mineral Resources, Purnomo Yusgiantoro, announced that his nation would not renew its OPEC membership.
Hurricane Season Hits USA, Prepare For The Resulting UK Petrol Panic Now
Since the devastation of Hurricane Katrina and Hurricane Rita - North Atlantic Hurricane seasons have been mild in comparison. That was three years ago when the oil price was $50… what do you think production disruption will do to $135 oil?
Number of OPEC Countries Shrinks as Indonesia Bows Out
The number of OPEC countries has dropped to 12 from 13 after Indonesia an OPEC member since 1962, has announced it will leave the oil producers’ consortium due falling oil production. This from Bloomberg:
Indonesia, the only OPEC member in Southeast Asia, will pull out of the group as aging fields and declining production force the region’s biggest economy to boost imports.
What’s Driving the Oil Bull, How Much Further It Will Go, and How Investors Can Profit
Exactly 12 months ago, West Texas Intermediate crude oil was trading at just under $63 a barrel.
Where Will Future Oil Production Come From and How Can Investors Profit Today, Part 2
The IEA forecast for a daily increase in global oil production of 31 million barrels by 2030—a 37% jump—sounds like pure fantasy. Do the facts support it? Are big oil companies already searching for that future oil and finding it? Do they have plans to produce it?
No Oil or Housing Shortage, Just a Lack of Common Sense
Here’s a turn-up for the books: we have such a vast oversupply of houses in the UK that Gordon Brown is proposing to spend £200m to buy up some of the excess.
Do Oil Companies Dare Seek New Buried Treasure?
Who cares if oil is bullish or bubbly? Prices are going up, baby. Why ask why?
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