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Bio-products Could Soon Lower Oil Prices by Replacing Petroleum i…
HeatingOil.com | December 24th 2009 by Tara
Cereplast CEO Frederic Scheer (pictured) hopes that a higher price for crude oil will soon make bioplastics attractive to major manufacturers like Dupont and SASF. (image: france24.com) The Agence France-Presse ran a profile on Monday of Frederic Sch read more
Saudi will prevail!
Kipp Report | December 23rd 2009 by ashwin salian
Elsewhere in the world the argument rages whether the recession is over or not. In Saudi Arabia, that is not the issue even though the recession has had significant effect on the economy. It has brought down the price of oil with obvious consequences read more
Peak Oil, Peak Food
World Change Cafe | December 21st 2009 by Ronnie Wright
By Aetius Romulous Countercurrents.org The single greatest challenge facing our modern economic food chain is the insanely unnatural low cost of food to the consumer, making the simple and necessary act of eating dependent on food that is almost free read more
Why OPEC’s “Perfect” Oil Price Could Backfire
HeatingOil.com | December 21st 2009 by Tara
Saudi Arabia’s oil minister, Ali Al-Naimi, called oil prices “perfect” but they may breed competition. (image: nytimes.com) In the world according to OPEC, $75 is the magic number for a barrel of oil. According to Amy Myers Jaffe at the Housto read more
Daily Oil Price Analysis – MT4 Oil Trading 18th December 2009
Master The Market: Oil | December 20th 2009 by Anna Coulling
The long legged doji of last Monday was the signal that many technical oil traders had been waiting for following the sharp sell off in crude oil prices of the past few weeks, and was duly confirmed as a turning point throughout the remainder of the read more
Michael Pascoe and the Snarky Disinformation About Gold
The Daily Reckoning Australia | December 15th 2009
Yesterday we closed with a promise to talk about asset allocation in 2010, followed quickly by a just-as-pleasurable un-anesthetised tonsillectomy. Both are about as exciting. Instead, we're going to review your 2010 asset allocation strategy in a r read more
Daily Oil Price Analysis 15 Dec 2009
Master The Market: Oil | December 15th 2009 by Anna Coulling
Yesterday’s oil trading session finally brought the sharp decline of the last two weeks to a temporary halt ending the day with a long legged doji which closed marginally higher. Whilst yesterday’s doji duly delivered a minor reversal i read more
Daily Oil Price Analysis 8 Dec 2009
Master The Market: Oil | December 8th 2009 by Anna Coulling
The weakness signalled on Friday with the shooting star candle was duly confirmed in Monday’s oil trading session, with crude oil closing the day with a wide spread down candle which increased the momentum of the current downwards slide in oil read more
Oil prices are perfect, says Saudi oil minister
Kipp Report | December 5th 2009 by ashwin salian
Saudi Arabia’s oil minister Ali al-Naimi said on Saturday that the current global oil price is “perfect” and that the crude market is stable. Oil prices have increased 69 percent this year, and are presently trading at around $75 pe read more
Weak Oil Demand Could Lead to Market Collapse in 2010
HeatingOil.com | December 4th 2009 by Tara
Plunging oil prices resulting from a market bubble burst would affect consumers and companies very differently. (image: nuwireinvestor.com) It’s quite possible that the price of oil could soon embark on a freefall of epic proportions, according to read more
Moody’s Sees Brighter Future for Major Oil Cos. in 2010
HeatingOil.com | December 4th 2009 by Tara
Shell, Chevron, Exxon Mobil, and BP logos, respectively. (image: petchem.co.th, ceoworld.biz, themoneytimes.com, and telegraph.co.uk) On Thursday Forbes reported that Moody’s had forecast a more positive 2010 for integrated oil companies (those th read more
Carbon Intensity Reduction Could Curb China’s Appetite for Oil…
HeatingOil.com | December 3rd 2009 by Tara
China’s pledge to reduce carbon intensity could significantly cut its overall energy demand—especially for the coal being mined in the picture above. (image: americanprogress.org) The Wall Street Journal said on Wednesday that some oil industry read more
Daily Crude Oil Price Analysis 30 Nov 2009
Master The Market: Oil | November 30th 2009 by Anna Coulling
There are hammer candles, deep hammer candles, and then, of course, there is the hammer candle we saw on Friday on the daily oil chart, which perhaps should be in a category all of its own! As always, the hammer candle is an excellent trading signa read more
Dubai Default Will Depress the Oil Prices
Do It! Invest! | November 27th 2009 by RaduH
The recent news that Dubai suspended the repayment of its $59 billion debt sent shockwaves through the markets. Some shockwaves were expected, others came completely out of the blue. In the first category there are the news of the spreads widening. I read more
Current Crude Oil Prices 26 Nov 2009
Master The Market: Oil | November 26th 2009 by Anna Coulling
A positive day for current crude oil prices yesterday, which managed to close the trading session higher, ending with a relatively wide spread up candle which recovered some of the ground lost over the last two weeks. However, whilst this was an enco read more
Daily Oil Prices Daily Oil Price Analysis 20 Nov 2009
Master The Market: Oil | November 20th 2009 by Anna Coulling
Another day of sideways consolidation for daily oil prices, which once again traded in a relatively narrow range, this time ending the oil trading session lower, but still well above the 40 day moving average which remains the key technical indicator read more
Boone Pickens Sees Oil At $100 Next Year, $300 In 10 Years
Investorazzi.com | November 19th 2009 by Christopher E. Hill
Last time Investorazzi heard, legendary oil investor T. Boone Pickens, Jr., said crude oil prices were going to be around $75 a barrel by the end of 2009 and $85 by the end of 2010. However, Pickens added that should a global economic recovery take p read more
ESAI Says Saudi’s New Crude Oil Benchmark Will Stabilize Prices
HeatingOil.com | November 13th 2009 by Tara
(image: treehugger.com) As HeatingOil.com reported in late October, Saudi Arabia made a huge move recently by dropping the West Texas Intermediate (WTI) as its benchmark for pricing oil. The move came as a blow to NYMEX, where the WTI is the most-t read more
Weekly Oil Stats 12 Nov 2009
Master The Market: Oil | November 13th 2009 by Anna Coulling
Weekly oil stats for w/e 6 Nov DOE Crude +1.8m barrels against a forecast of +200k DOE Gasoline +2.6m barrels against forecast of unchanged DOE Distillates +300k barrels vs forecast of -400k Refining Capacity: -0.7% against forecast of +0.3% Trading read more
EPA Moves Ahead with Greenhouse Gas Regulations
HeatingOil.com | November 11th 2009 by Tara
EPA Administrator Lisa Jackson. (image: z.about.com) Who needs the climate bill when you have the Environmental Protection Agency? In an article published on Monday, the Wall Street Journal reports that the Obama administration is considering appro read more
Kuwentas klaras sa gas
BANDERA Blogs | November 11th 2009 by Bandera
MINAMADALI ng House committee on energy ang amyenda sa oil deregulation act. Mabuti naman. Sa amyenda, palalakasin ang kita sa tingi, o ang bentahan sa mismong mga gasolinahan; palalawakin ang poder ng Department of Energy para mapigilan ang pagmam read more
Daily Oil Prices 9 Nov 2009
Master The Market: Oil | November 9th 2009 by Anna Coulling
A volatile day for crude oil prices on Friday which ended the day and the week with a wide spread down candle, which breached both the 9 and 14 day moving averags as a result and failing to clear and hold above the $80 per barrel level once again. read more
Petron tells gov’t to resolve oil price row
The Wutzup in the Philippines | November 8th 2009 by valerie watson
Petron Corp., the country’s largest oil firm, reiterated yesterday that it had nothing to hide as its financial statements are open for the government to scrutinize. The publicly listed oil refiner made the statement amid a dispute over price contr read more
Are High Oil Prices Pushing Down the Dollar?
HeatingOil.com | November 6th 2009 by Tara
Is the price of oil squeezing the value of the dollar? (image: 2.bp.blogspot.com) Conventional wisdom is that a falling dollar raises oil prices. Since oil is priced in dollars, when the dollar’s value falls, it takes more dollars to buy a bar read more
Daily Oil Prices 6 Nov 2009
Master The Market: Oil | November 6th 2009 by Anna Coulling
Daily oil prices continued to hover below the recent top in the $82 per barrel price point yesterday, ending the oil trading session with a narrow spread doji candle, with the low of the day finding some support from the 14 day moving average, sugges read more
IEA Forecasts Lower Long-Term Oil Demand
HeatingOil.com | November 5th 2009 by Tara
(image: s.wsj.net) The International Energy Agency will make a “substantial” downward revision to its long-term forecast for global oil demand, the Wall Street Journal reported on Wednesday. The official forecast, called the World Energy Out read more
Higher Oil Prices, the New Normal
The Daily Reckoning Australia | November 5th 2009
Oil prices have bounced more than 150 percent off their December 2008 lows, despite the fact that inventory levels remain at historically high levels. Does that mean the oil price is out of whack? Not necessarily. According to Goldman Sachs, robust 2 read more
Daily Oil Prices – Crude Oil Chart 2 Nov 2009
Master The Market: Oil | November 2nd 2009 by Anna Coulling
A volatile end to the trading week for oil traders on Friday, as daily oil prices moved sharply lower, reversing the gains of Thursday, and sending out a warning signal from the consequent bearish engulfing candle, which ended the oil trading session read more
Daily Oil Prices 30 Oct 2009
Master The Market: Oil | October 30th 2009 by Anna Coulling
Daily oil prices bounced back in style yesterday, recovering most of the lost ground of the last few days, and closing the oil trading session with a wide spread up candle which breached both the 9 day and 14 day moving averages as the price of crude read more
Daily Oil Prices 27 Oct 2009
Master The Market: Oil | October 27th 2009 by Anna Coulling
The hanging man candle outlined in Monday’s oil market commentary was duly confirmed yesterday as daily oil prices moved lower ending the oil trading session on a wide spread down bar with a deep upper wick – a strongly bearish signal. F read more
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