We could be entering a more inflationary environment for liquefied natural gas (LNG) prices, according to comments by Saad al-Kaabi, Qatari energy minister and chief executive of Qatar Petroleum, as reported by the Financial Times. The problem is the transformational impact US shale producers have had on the energy market. That resulted in a flood […]
Tag: oil price
After a difficult 2020 for oil, could it bounce back in 2021?
The oil price is caught between a short-term recovery and the medium-term prospect of peak oil, as countries ramp up programs to decarbonize by switching power generation sources and banning internal combustion engines (ICE). The oil price has been seesawing between vaccine optimism and pandemic pessimism. Yet, it has managed a gradual recovery from its […]
Oil price bounces back on encouraging COVID vaccine news
The oil price was not alone in responding positively to this week’s encouraging news from Pfizer and BioNTech regarding progress with their mRNA COVID vaccine. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be […]
Oil majors struggle in low-price, low-demand environment
The oil majors are not having a great pandemic. Consumers reacted to earlier lockdowns and continued pandemic restrictions, leading to a massive drop in demand. On the other hand, prices initially collapsed after Saudi Arabia led an assault on the U.S. shale market and engaged in a spat with Russia over prices. Set that against […]
The oil price has recovered, but does it have any further upside?
The oil price has bounced back after reaching historic lows in April.
Investors are not alone in wondering — where to next for oil?
Anyone connected or exposed to the dynamics of the oil price must be wondering if the recovery in the oil price is sustainable and, indeed, whether it has further to go.
Oil prices not likely to see true bounce-back in the near term
Crude oil prices may have recovered from their recent lows, but we aren’t going to see a bounce-back anytime soon.
EIA: U.S. energy production exceeds consumption in 2019 for first time since 1957
U.S. energy production exceeded its consumption last year for the first time since 1957, according to the Energy Information Administration (EIA). Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! U.S. energy production in 2019 grew 5.7% to 101.0 quadrillion British thermal units (quads) and energy consumption […]
Oil for nothing: prices plummet, Texas Railroad Commission considers production cuts
Well, it happened: negative oil. As we wrote some weeks ago, the possibility of negatively priced oil has become a reality. Producers desperate to make delivery against CME contracts have been forced to pay leaseholders on space at the Cushing oil depot to take deliveries off their hands. Looking for metal price forecasting and data […]
Oil price collapse is far from over … but now the U.S. has a role
The president tweeted and the world’s media rushed out news reports on Sunday that a deal had been reached between Saudi Arabia, Russia, OPEC and the U.S., a deal that would reduce oil output by nearly 10 million barrels a day to support prices and save oil-producing countries’ budgets. Looking for metal price forecasting and […]
