No deal. No surprise. No importance. Too-low prices have already cut global production.
On the Doha Oil Freeze Failure
Sunday, April 17, 2016
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.
Iran: The New New World Oil Order, Volume I
Monday, July 20, 2015
Iran could pump 5 million barrels per day by 2020. But a growing stream, not a violent flood.
Market Share for Cannibals
Monday, June 8, 2015
Saudi and UAE are the only OPEC winners. As shale rolls over, the cartel's share will grow.
The Shale Boom Shifts Into Higher Gear
Monday, June 1, 2015
Oil production is becoming a modern manufacturing process, with frackers using the ‘just-in-time’ approach.
Monday, April 27, 2015
As crude hits the top of our predicted 2015 trading range, we look ahead to $15-$40 oil.