Freezing production that was frozen anyway makes the US fracker the swing producer.
On OPEC’s Production Target
Thursday, September 29, 2016
Oil’s Brexit Crisis
Tuesday, July 26, 2016
Demand growth wasn’t going to come from Europe. We still say oil is headed to $65.
Who Knew? OPEC Actually Matters Again
Monday, June 6, 2016
No need for a freeze. OPEC is the swing producer again. Demand beats a path to its door.
How High Can Oil Go?
Tuesday, May 10, 2016
Calling all frackers: by year-end, sentiment will have flipped from glut to shortage.
On the Doha Oil Freeze Failure
Sunday, April 17, 2016
No deal. No surprise. No importance. Too-low prices have already cut global production.
PIF the Magic Aramco IPO
Monday, April 4, 2016
Read the prospectus: twilight in the desert, or dawn? Or reaction to the “Obama doctrine”?
Oil’s Bull Market in a Month
Tuesday, March 15, 2016
It turns out that everything the oil market thought it knew was wrong.
Oil: Priced for Perfection in an Imperfect World
Wednesday, January 20, 2016
A flood from Iran, a stable Middle East, crashing breakevens, collapsing demand. Dream on.
Oil's Hard Road Forward
Monday, October 5, 2015
Prices have seen the lows, but CAPEX hasn't -- production will decline through mid-2016.
US and OPEC: The New New World Oil Order, Volume II
Monday, July 27, 2015
Don't trust the production picture. US will drop hard, and OPEC's gains are not repeatable.