Oil prices fluctuate in the $50 range as geopolitical events fail to disrupt crude supplies. STEVE AUSTIN | 2017/04/18 Well, only three months into the year and so far 3 of our 9 initial predictions for 2017 have already unraveled and the rest are in the process of doing so. keystone pipeline is happening […]
In spite of Saudi Arabia’s best efforts Shale oil is winning. We look at how shale industry evolved and the path ahead. STEVE AUSTIN | 2017/06/07 Some wars are fought on the sidelines. They too are full of ideas, intrigue and bravado. Some backfire thoroughly. The Saudis took a brunt of it in their war […]
What has led to the low oil prices? Oversupply, increased production or market corrections? We take a look to see beyond the obvious. STEVE AUSTIN | 2017/07/26 Already, crude oil prices are down by well more than 18% compared to early 2017. Oil production has risen in countries like Libya and Nigeria. Quite naturally, with […]
Harvey caused massive destruction and damages to Texas. We take a detailed look on the ramifications for oil. STEVE AUSTIN | 2017/09/18 Harvey, making landfall as a Category 4 hurricane, battered southeast Texas a few days ago. Though downgraded to a tropical storm later on, it left a trail of massive destruction including loss of […]
The US Strategic Petroleum Reserve (SPR) is bound for a diet thanks to more stable oil prices STEVE AUSTIN | 2017/11/01 Strategic Petroleum Reserve (SPR) is a repository of crude oil for emergency purposes built primarily in countries dependent on oil imports. Stored in four deep underground salt caverns along Texas and Louisiana Gulf coasts, […]
With a bang, we are back with five oil price predictions for 2018. What are the geo-political forces at play? How will the oil prices fare? STEVE AUSTIN | 2017/12/20 It is the time of the year again for our highly anticipated oil price related predictions for 2018. As our millions of faithful readers are […]
Oil price volatility exhibits periodic characteristics which correlate to that of general stock market volatility. TOM THERRAMUS | 2018/02/19 Experts say that you shouldn’t look at your pension investments too often as you might make unwise decisions. I don’t follow this advice. The reason that I’m drawn to tending my pension spreadsheet weekly, if not […]
The oil market is bullish. Oil prices continue to scale new height. We take a detailed look at the reasons behind the rise in oil price. STEVE AUSTIN | 2018/05/17 Ever heard of harmony in oil prices? Recently, Brent crude oil hovered near the $80 mark, the maximum since November 2014. So it goes. Oil […]
President Trump’s stance on Iran will send oil past $150 a barrel. STEVE AUSTIN | 2018/08/07 After scaling a three-year high of $79 a barrel, oil prices fell taking a nine percent drop on the back of better supplies, resumption of Libyan oil production and increased Saudi oil output. But the reversal began soon enough […]
Oil prices are high again. However, there’s not much to cheer about for Saudi Arabia. STEVE AUSTIN | 2018/11/01 For a nation, what’s a year? Well, in the timing of the bigger picture, not much. Still, a year can cast its shadows long and fast. Essentially, as I was analyzing the ebb and flow of […]
