Facebooktwittergoogle_pluslinkedinmail

OEF Rapid Review Articles

Technical analyst Clive P. Maund lists the reasons he believes oil prices, which recently peaked above $50 a barrel, are headed for a fall: “It still looks like oil is topping out here at about the $50 level after its substantial recovery uptrend from its February low. While we cannot be sure until it breaks down from its uptrend, the chances of its doing so soon look high for various reasons.”
SOURCE: streetwisereports.com
streetwisereports.com
LINK TO THE SOURCE ARTICLE:
https://www.streetwisereports.com/pub/na/16997

50OilWonweb11
LINK TO THE SOURCE ARTICLE:
https://www.streetwisereports.com/pub/na/16997

 

 

SHARE YOUR THOUGHT

comments

Related Post

EIA: U.S. Oil Production In 2015 Highest Since 1972 lweb.es/f2223 12.05.2016 U.S. field production of crude oil increased in 2015 for the seventh consecutive year, reaching 9.42 million barrels per day. This was the highest crude oil production level since 1972. In 2015, production gains were highest in Texas, the Gulf of Mexico, and North Dakota, as these three regions accounted for 77% of the country's total increase. Although annual production for 2015 grew, monthly U.S. crude oil production has declined since April 2015. Lower oil prices led to slower development activity, and production fell to 8.74 million b/d in August 2016.
India’s First Major Exploration Licensing Round In July 03/08/17 •lweb.es/f2716 •bit.ly/2oUmofL India, the world's third-largest oil consumer, will conduct auctions of oil and gas blocks under the Open Acreage Licensing Policy twice a year with the first round being held in July. OALP will differ from the current licensing policy whereby the government identifies the oil and gas blocks and then puts them on auction. This policy gives an option to a company looking for exploring hydrocarbons to select the exploration areas on its own, based on the seismic and well data that the Directorate-General of Hydrocarbons has put in in a National Data Repository.
India Steps Up Efforts To Boost Domestic Oil And Gas Production lweb.es/f2658 02.17.2017 Following its first oil and gas field auction in six years India has decided to award the bulk of the operating licenses to new players. The operating licenses are for 31 contract areas comprising 44 oil and gas fields and have been awarded under a revenue-sharing model. These contract areas would monetize 40 million metric tons of oil and 22 billion cubic metres of natural gas over 15 years for the Indian government. India’s oil demand growth will outpace China‘s for the third year in a row in 2017.
Highlights from the current International Energy Agency Monthly Oil Report lweb.es/f648 OEF REVIEW:The International Energy Agency's Monthly Oil Report provides an overall view of the state of the international petroleum market and projections for oil supply and demand 12-18 months ahead. These are the IEA's highlights of the current report.
Oil rockets from 12-year low on renewed talk of OPEC cut lweb.es/f826 OEF REVIEW:The United Arab Emirates' energy minister has said that OPEC was willing to cooperate on an output cut. Many traders were skeptical noting that Venezuela and Russia had tried in vain to stir Saudi Arabia and other major producers into agreeing to cuts, but after a price slump that has taken crude prices to more than 12-year lows, many of these traders were inclined to believe that a rebound was due sooner or later. "We expect declining U.S. oil production, in particular, to drive the oil price back up to $50 per barrel by the end of the year," Frankfurt-based Commerzbank said in a n...
Oil’s Magic Number Becomes $50 a Barrel for Promise of Recovery lweb.es/f903 4.30.16 OEF REVIEW:The new magic number in the oil industry is $50. BP Plc, rig-owner Nabors Industries Ltd. and explorer Pioneer Natural Resources Co. all said in the past 24 hours that prices above $50 will encourage more drilling or provide the needed boost to cash flow. With oil bouncing close to $45 a barrel, an industry that has been shaving costs to stay competitive is ready for signs of stability at a price level less than half of 2014’s average. At an average price of $53 per barrel of oil means the world’s 50 biggest publicly traded companies in the industry can stop bleeding cash, according...