EIA analysis: US crude oil stocks rose 3.778 million barrels
Even as Hurricane Isaac was shutting down most oil production in the Gulf of Mexico, and a good chunk of natural gas production, both the Energy Information Administration and the American Petroleum...
View ArticleEIA analysis: Isaac hits crude stocks
As expected, the weekly Energy Information Administration inventory report showed the impact of Hurricane Isaac. With almost 95% of normal Gulf of Mexico oil production shut in at one point, a large...
View ArticleNow we are one: Europe’s 10 ppm gasoil contract marks its first anniversary
It may well have passed your attention, but the low sulfur ICE gasoil contract marked its first birthday this week. How come this wasn’t marked on my diary? Is my smart phone playing up? Has my...
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How can OPEC agree output policy if it has trouble choosing a secretary general?
Appointing a secretary general to run OPEC’s Vienna headquarters should be easy. It never is. The job is technically an administrative one, but political rivalries between key producers have...
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Same secretary general, same oil output ceiling for OPEC
It came as no surprise earlier Wednesday that OPEC ministers had failed to agree on a new secretary general and had asked Abdalla el-Badri to stay in the post for another year. Despite its claim to be...
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China unveils oil pricing reforms, but lacks complete clarity
China’s long-awaited oil pricing reforms have finally been unveiled. But the system may have become less, not more, transparent. First, some background. In 2008, the government introduced a system of...
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IEA notes big jump in global oil supply in February
The oil market is no stranger to conflicting price signals, and the current period of relatively calm prices is a case in point. The ongoing standoff between Russia and the West has so far caused only...
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EIA analysis: US oil stocks rise, Canadian imports set record
US crude, gasoline and distillate stocks rose across the board last week, according to US Energy Information Administration oil data released Wednesday. Canadian crude imports increased 494,000 b/d to...
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In the maelstrom of oil price news, has bias triggered trading mistakes?...
In this week’s Oilgram News column, Petrodollars, Ned Molloy asks the question, have emotions and confirmation bias triggered trading mistakes in the maelstrom of oil price news? How often did one...
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Paper and barrels, pushing and pulling oil prices: Petrodollars
It’s an old debate: Is it fundamentals or trading that primarily drive oil prices? As John Kingston, previously of Platts and now president of the McGraw Hill Financial Global Institute, explains in...
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