Contango is when the investor or producer puts the commodity into storage waiting for the prices to improve-before selling. MERLIN FLOWER | 2010/01/13 A cold wave has engulfed much of Europe, the US and Northern Asia. The resultant freezing temperature has led to a thirty percent surge in the demand for heating oil. With it, […]
The idea that oil shocks resulting from Peak Oil may cause large economic disruptions is not new. TOM THERRAMUS | 2010/01/20 This essay brings a new perspective on the subject of the article oil-price.net titled “Did High Oil Prices cause the Financial Crash?” which we published in November 2009. There is a lot of oil […]
The production of petroleum from tar sands is an extremely profitable affair for companies mining Canadian tar sands GIUSEPPE MARCONI | 2010/01/27 In order to ascertain whether Canadian tar sands are profitable, we need to understand exactly what they are. Tar sands are mixtures of naturally occurring clay and bitumen. Bitumen is a sticky tar […]
Peace in the region could bring in investments in the oil field MERLIN FLOWER | 2010/02/04 It can’t be disputed that the world needs more oil. The IEA has predicted that the global oil demand this year would be 86.3 million bpd, the highest level since 2007. This means that demand, mostly from growing economies […]
The Federal Reserve gets a greater role to play in overseeing large financial institutions MERLIN FLOWER | 2010/02/10 On Jan 21, the US President Barack Obama announced a series of measures to reduce risk in the financial sector. The proposals intend to tighten the regulatory mechanism and prevent a second- or like- sub-prime mortgage crisis. […]
The diplomatic battle started hogging the headlines as Argentina began criticizing Britain for its plan to drill for oil and gas in the waters north of the Falkland Islands MERLIN FLOWER | 2010/02/18 This could be the script of any Hollywood blockbuster: The recent spat between Argentina and the UK over oil in the Falkland […]
While gunfire errupted in Niger’s capital, traders who mistook the country for oil-rich Nigeria sent oil prices soaring MERLIN FLOWER | 2010/02/24 What’s in a name? Niger or Nigeria will be in a better position to answer this question. If not anything the confusion in the name pushed oil prices to $80 a barrel last […]
The Barracuda concession is about 100 km off the coast of Rio de Janeiro MERLIN FLOWER | 2010/03/03 There has been a slew of oil discoveries around the Brazilian coast in recent times. Could they make a difference to the oil thirsty world of ours? Let’s see: Petrobras, the state controlled Brazilian energy firm, has […]
Oil prices in the coming weeks: So, will oil manage to climb up, even further? Well, major groups like IEA and EIA have projected strong demand for oil in the near future. According to Barclays oil prices were likely to rise to $80-$90 range. Quoting data from Joint Oil Data Initiative (JODI), which said […]
It was confirmed that oil fields in Taranaki basin has about 100 million barrels of recoverable oil. MERLIN FLOWER | 2010/03/17 Heard about Zealandia, the eighth continent of the world? Zealandia is said to be a submerged or micro continent that sank millions of years ago. Most of this submerged continent is said to be […]
