The Oil Market After The War

In theory, these volumes would raise on-land inventories fairly quickly, and could mean a sharp bump down in backwardation—potentially to contango. However, given that OECD inventories, which are about half the global total, are down by 300 million barrels compared to the five-year average, this will not rebalance the market. Prices are likely to remain above $80 until inventories grow much more., but are not guaranteed to do so. Countries like the U.S.

The upshot is that an end or lessening of the conflict in Ukraine would mean more oil on the market and lower inventories at sea and in Russian storage, which will certainly cause oil prices to drop, especially if traders are convinced the prospect of European oil sanctions has sharply receded. With little or no demand effect, oil prices should drop at least $10 from current levels, and WTI could even test $80 by early summer if it appears the oil demand during the U.S.

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WTI Crude Oil Forecast: Crude Oil Market Gives Up GainsThe West Texas Intermediate CrudeOil market rallied during the Thursday session rather quickly, but as you can see has given back a huge portion of the gains.
แหล่ง: Daily_Forex - 🏆 567. / 51 อ่านเพิ่มเติม »

The Oil Market After The WarThe most important thing is that transients are temporary and many factors will revert to pre-crisis behavior at some point Why do you assume senctions will be lifted after the war? Brilliant. As we have already seen, just because oil prices recede doesn't mean pump prices will... at least at a commensurate rate. Oil companies aren't going to give up their excess profits that fast.
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »

Report: Oil Companies Are Burning Off Natural Gas—and Leaving Regulators in the DarkIn at least 69 percent of the cases, McDonald was unable to locate any permits for the observed flares. Almost 80 percent of flares that were surveyed twice by Environmental Defense Fund helicopters were found to be unpermitted on both occasions.
แหล่ง: TexasObserver - 🏆 242. / 63 อ่านเพิ่มเติม »