Tag: oil prices

Arulonline / Pixabay

Gulf States Oil Gamble Pays Off

Over the past few weeks, the price of Brent crude has spiked to $60 a barrel due to rising tensions in the Middle East and improving fundamentals for the oil market. As I reported last week, low oil prices and […]

Public_Domain_Photography / Pixabay

The $10 Trillion Resource North Korea Can’t Tap

North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion. Of course, there are no official reports […]

How EIA Guestimates Keep Oil Prices Subdued

How EIA Guestimates Keep Oil Prices Subdued

The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks. Also read: Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And […]

Bridgewater On The Oil Price Process

Bridgewater On The Oil Price Process

Oil has been in my “too hard” bucket the last six months. I couldn’t identify any catalyst that could drive it out of its trading range. I mostly expected it to chop around which has turned out to be the […]