Oil Prices

oil prices, oil companies

Many investors study supply and demand statistics to figure out where they think the oil price is going. But by far, the biggest factor that determines the oil price is the US dollar, says Donald Dony, who pens The Technical Speculator investment newsletter. “The US dollar is absolutely pivotal for commodity...
What did Chevron accomplish in 2015 by outspending cash flow by $19 billion? Increase production a paltry 2%. Barely replace reserves--107% of production. That is what Chevron managed to achieve in 2015 by spending $31 billion while generating just $19 billion of cash flow.  And that is actually incredibly bullish, despite...
Everyone in the oilpatch is now nervous that the United States could run out of oil storage capacity.  This “storage issue” is now Big News, and is driving light oil prices in the US—WTI—to fresh six year lows of $42-ish a barrel. I see a lot of copy on the...
North American oil prices could have a sharp--but short term—drop in December 2015. I outline the signs—in the physical market, and the financial market--that oil storage is becoming full in the US. There is a simple and easy way for investors to profit from this.  I outline this low-risk trading opportunity...
Bakken oil production has already declined in 2015.  There is compelling evidence that this decline is going to accelerate significantly in the next couple of months. If that happens the recovery we have seen in oil prices in recent weeks is also going accelerate. Being as the market likes the fact...
The media said there was no winner at the June OPEC meeting held early this past week. But there was—a big winner in fact. OPEC producers didn’t win because they didn’t get a production-cap deal that would instantly give them a higher oil price. Even the Saudis are now issuing multi-billion dollar...
Editor's Note:  Everyone, it seems, is talking about the Keystone pipeline. Recently I wrote a story on a mostly unexplored topic in the U.S gas price debate – a problem that could soon affect oil refineries and the price consumers pay for gas on America's east and west coasts....
Murphy’s Law Is Alive And Well In The Canadian Energy Patch Despite oil being up today, it's ugly for E&P companies across the globe.  But I think Canadian producers have been hit with Murphy's Law worse than anyone. After a decent Q2--because of the low Canadian dollar and forest fires reducing...