U.S. Petroleum Weekly – December 15, 2011
The rumors are that Saudis had to unload record amounts of physical crude to the markets (from their hedges) because of lack of able counter parties to roll the positions due to shortage of credit.
Posts Tagged ‘Crude Oil’
Rig Count Monthly – December 13, 2011
Number of crude oil drilling rigs in the U.S. rose for 28 in the last month; Number of natural gas drilling rigs fell for 57.
Tanker Weekly – December 12, 2011
Baltic Dirty Tanker Index rose 8.1%; Baltic Clean Tanker Index rose 2.1%.
Order-book is shrinking fast with high delivery count and abundant cancellations looming. We are probably looking at couple catastrophic years for the industry ahead.
U.S. Petroleum Weekly – December 8, 2011
Crude oil market looks well balanced. Future economic conditions and consequent commodity demand are key here.
Tanker Weekly – December 5, 2011
Baltic Dirty Tanker Index fell 0.8%; Baltic Clean Tanker Index rose 3.0%.
Tanker Weekly – November 28, 2011
Baltic Dirty Tanker Index fell 0.6%; Baltic Clean Tanker Index rose 3.4%.
Tanker Weekly – November 21, 2011
Baltic Dirty Tanker Index rose 1.4%; Baltic Clean Tanker Index fell -2.4%.
U.S. Petroleum Weekly – November 17, 2011
Crude oil supply and demand remain balanced. Crude had a tremendous run and it’s starting to look overextended. Brent WTI price spread narrowed on the reversal of Seaway pipeline.
Tanker Weekly – November 14, 2011
Baltic Dirty Tanker Index rose 1.3%; Baltic Clean Tanker Index fell -1.7%.
Tanker Weekly – November 7, 2011
Baltic Dirty Tanker Index fell 1.9%; Baltic Clean Tanker Index fell -2.7%.
U.S. Petroleum Weekly – November 3, 2011
I would say that the market is balanced now and all depends on the economic conditions.
U.S. Petroleum Weekly – October 27, 2011
Strong price action in the front end of the curve pushed the WTI into backwardation.
WTI Futures Curve Moves To Backwardation
Huge move in WTI futures curve in the last two days. In theory this should be bullish.
Tanker Weekly – October 24, 2011
Baltic Dirty Tanker Index rose 2.8%; Baltic Clean Tanker Index fell -2.8%.
U.S. Petroleum Weekly – October 20, 2011
Very strong inventory data is not translating into price strength.