energy prices
November 13th, 2009 at 06:10pm
Under Crude oil+ energy prices
Oil price: Prevent panic buyingThis suggested by a whistleblower of the International Energy Agency (IEA) in an interview in British newspaper The Guardian. The IEA calculates the threat of deficits to low, in order to avoid panic buying of specific levels of the price for a barrel of crude oil.
U.S.
According to a senior member of the IEA, the U.S. played an important role in encouraging the IEA to adjust the levels of existing oil fields are pumped to underestimated, while the chances of finding new fields would be overestimated.World Energy OutlookThe allegations of the IEA-employee raises questions about the correctness of the World Energy Outlook from the IEA’s demand and supply of oil. Many governments base their policies on this.Peak oilIn the most recent World Economic Outlook predicted that oil production will rise from the current level of 83 million barrels per day to 105 million barrels. Critics have often argued that this is not possible and that the world has a peak in oil production is passed.The World Energy Outlook from the International Energy Agency is used in the energy policies of many Western countries. It is considered the most reliable source for data on energy. Nevertheless, for years criticized the way the IEA forecast is about the oil.In several international newspapers today a message from the British newspaper The Guardian accepted that an anonymous member of the International Energy Agency criticized strongly the way the oil institute figures bring out. The employee claimed that this exaggerated proposed to prevent panic in the oil market.The piece in The Guardian is a repetition of rumors that reverberate for years.That the criticism is to give the figures of the IEA is not dependent on just anonymous whistleblowers.Last year the weblog Oildrum published an analysis to the data behind the World Energy Outlook 2008 and came to the conclusion that it is necessary to note the way the investigators of the IEA use data into their conclusions.Also this year Oildrum will take a closer look into the World Energy Outlook 2009.Both our own research and that such a group of British universities of the UKERC come to different conclusions as the International Energy Agency, raises the question whether it is wise to the figures of the IEA to use some support for our energy.
By Oilism.com
February 21st, 2009 at 05:37pm
Under Crude oil+ Future Chain+ Oil Price 2010+ Oil business+ Oil industry+ energy prices
Crude Oil exchange is described as a free market economy because investors are not really sure whether their invested money will get any revenue or not, because of it’s volatile nature. We do not have to mention that the price of barrel of crude was just less than 7 months ago above 130 USD! Some may say that it’s a gamble but it’s also a form of a rich quick scheme when you hit the jackpot on the low levels of today. Oil exchange has this flexibility that no other investment option can offer, as quick as we go up we go down and the other way around. There’s little harm, if you look it risk-wise to start trading oil today and invest some of your savings left to take some long term oil positions.
You decide on how you will use your money when trading in oil related investments, this can be in the form of day trading or as a stored value of oil assets. You can buy big oil company shares as your form of oil investment and will gain profits if the prices of the oil company shares increase in line with the oil price when the recession comes to its end. Otherwise we advice you to trade directly in NYMEX or North sea Crude oil futures.
Even though stock and oil markets have unsure possibilities it also depends on intelligent moves taken by the oil investor himself. This is reflected on how deep the investor really knows oil market, is not really that tough to understand as many people will perceive initially but you need to investigated and do your homework. Internet has a big role in gaining knowledge of the worldwide oil & stockmarkets. On Internet you can find information related to any subject of the crude oil industry, like companies, forecasts and researches.
Moreover, your life as an oil investor will be much easier because of the use of online trading systems. Today’s oil trading process is much easier as compared with earlier system and has various advantages.
Think over today’s situation on the oil markets and reconsider if it is not the perfect time to start building your own oil related share portfolio. Many investment companies also offer oil related mutual funds. A mutual fund diversify your investment among many oil companies and you can earn easily with less risk.
By Oilism.com
December 28th, 2008 at 03:22pm
Under Crude oil+ Historical oil prices+ Oil Price 2008+ Oil Price 2009+ energy prices
Oil prices significantly lower! In London quoted a barrel of Brent oil $ 37.49, its lowest level since December 2004.
The prices of crude oil fell more than expected last week on US oil markets. Due an Oil stock report published on Wednesday by the U.S. Department of Energy. These figures showed a stronger increase than most analysts expected. The stocks of crude oil increased with 3.101 billion barrels to 318.188 billion barrels of crude oil.
In Cushing, Oklahoma, oil stocks rose with 1.2 million barrels to a record high of 28.7 million barrels. This stock is used for the distribution of the oil used for Nymex future trading markets. Petrol stocks rose by 3.336 billion barrels to 207.295 billion barrels. Analysts here calculated an increase of 600,000 barrels. The stocks of heating oil and diesel increased also a lot stronger than expected, 1814 million barrels to a grand total of 135.337 billion barrels. Analysts here assumed a decline of 100,000 barrels. It is obvious our oil specialist, future brokers and technical analysts were betting on the wrong side again the last couple of weeks. Worldwide oil markets are showing drastic volatile downwards moves since the summer of 2008. This picture shows oil prices from 2001 till 2009 and it may be clear that oil prices of 200 USD are far away and we are back on the levels of 2004 within six months time.
Wow what a rollercoaster ride it was!
Our reporters tell us sentiment is on its lowest and that counts the same for the trade. ‘It’s because of the world economy and the underlying feeling that there is no better side on this moment, “said an oil trader in London. “There is also a lack of buyers in the market, the price terms.” Because of the weak outlook for the world economy, many analysts and traders think that the downward trend in oil prices probably will continue for a while. “I expect that we will descend toward the $ 30, then you will see that a few big buyer will be back … It will all depend on the weather and what OPEC exactly will do in 2009,” said associated trader in London.
By Oilism.com
November 12th, 2008 at 05:55pm
Under OPEC+ Oil Price 2008+ Oil Price 2009+ Oil price+ Production levels+ energy prices
NEW YORK – Oil prices fell Wednesday to its lowest level in 22 months time. That was caused by speculation about a reduction in demand due to the deteriorating economic conditions.
A barrel of U.S. crude oil (159 liters) fell by 5.8 percent to 55.86 dollars.
The U.S. government gave an extra boost to speculations by downwards adjusting the forecast for global oil demand for 2009.
Oil Consumption
The U.S. Energy Information Agency (EIA) expects that consumption will decline slightly next year to an average 85.9 million barrels per day.
The demand in the United States, the largest buyer of crude oil in the world, will decrease with more than 1 million barrels per day. That is since 1980 not seen on the world wide oil markets.
OPEC
The Organization of Petroleum Exporting Countries (OPEC) told earlier this week oil productions will further decrease as the oil price continues to fall.
Last week, OPEC reduced production already with 1.5 million barrels per day, but the price of crude oil barely reacted to this production cut.
Last July, oil prices reached another record high of 147 dollars per barrel. Then the price plummet quickly followed by an OPEC production cut not long after that .
By Oilism.com
July 17th, 2008 at 11:31am
Under Oil Price 2008+ Oil Price 2009+ Oil price+ energy prices+ peak oil
The recent hike in prices of crude oil and fuels has affected the life of common man. It was rather a slap on his face which has put the nations with economic problems in serious desperation, affecting their growth. Rather than to criticize the government and putting the blame on each other, we have to go for an analysis which will help in evaluating the reasons behind this increase in prices of essential oils and fuels.
The real reason behind such an increase in the price of oils is the scarcity of oil supply. The critical reason behind such an increase is closely connected to the global financial market. Even though this is not a single reason, this is in fact a primary reason. The increasing demand in the industrialized nations for a huge supply of oil made oil an essential commodity with large volume of trade around the globe.
The oil is sold and priced in dollar. So speculation is the major reason which dominates even the reduced supply, in case of an increase in oil prices. When dollar loses its value, oil producers will have to increase the prices. Then only, they will be able to deal with the losses they are facing in converting the dollar into their local currency. The sinking currency will, hence cause excessive debt. This makes increase in oil price and decrease in dollar value, the two sides of the same coin.
Common men are the direct victims of this high increase of oil prices. When the price of all essential commodities increases, they find life difficult to conquer. The jump in the price of petrol puts them in great trouble. The increased energy bills make life a night mare for them. Global economy is both directly and indirectly affected by the hike of oil prices. The leading countries in the world are subjected to great economic crisis when their customers face financial problems due to hike in oil price.
Inflation will grab the economy as a whole. Almost all countries are subjected to this problem, which causes an immediate attention essential towards this problem. The worst case can even lead to increase of crimes when money becomes a problem for common men. Unemployment caused due to companies trying to reduce the cost on employment will make economy to fall heavily. Economic imbalance and increased travel costs are some other areas where we can see the worst sides of increased oil price.
By Oilism.com
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