Oil

Free fall of Brent, how long?

By | 2018-11-27T14:41:12+00:00 November 27th, 2018|Categories: Featured, M·Blog, Oil|Tags: , , |

In less than 2 months we have seen the price of a oil barrel falling by more than 32%, suffering its biggest drop since the raw materials crisis in 2015. Is this drop justified? Energy long-term investors are suffering a difficult period lately, since market experts have been talking for several months about an oil price [...]

OIL, POSSIBLE BEARISH TREND?

By | 2018-10-16T09:41:04+00:00 October 16th, 2018|Categories: Featured, M·Blog, Oil|Tags: , , |

More than 20 dollars of difference have come to be between the maximum value of the Brent quoted this year and the price of crude at the beginning of 2018. A totally bullish trend that brought oil to the brink of 90 $USD/bbl just two weeks ago. Reasons for its justification have not been lacking: a [...]

Comments Off on OIL, POSSIBLE BEARISH TREND?

THE VENEZUELAN DECLINE

By | 2018-06-12T15:34:03+00:00 April 17th, 2018|Categories: Featured, M·Blog, Oil|Tags: , , , , |

Talking about Venezuela is tantamount of talking about oil. This country, almost twice the size of Spain, has the largest amount of (heavy) crude oil reserves in the world, which grew strongly since 2011. It may be unfair and/or paradoxical that all this underground wealth is present at the worst time for the country, which is [...]

Comments Off on THE VENEZUELAN DECLINE

Where’s the Petroyuan

By | 2018-06-12T15:34:05+00:00 February 21st, 2018|Categories: M·Blog, Oil|Tags: , , |

Some weeks back, I’ve written about the potential impact of the arrival of the petroyuan, not just in the oil market but also in the currency market, and that such impact was going to arrive in the end of 2017. Nevertheless, as of now, things at the International Shanghai Energy Exchange (or INE for short) have [...]

Comments Off on Where’s the Petroyuan

Happy anniversary Trump

By | 2018-06-12T15:34:05+00:00 February 13th, 2018|Categories: Coal, Energy Markets, Energy Policies, M·Blog, Oil|Tags: , , , |

On January 20, 2017, the 45th president of the United States of America, the Republican Donald John Trump, moved in to the White House. After seventeen months of campaigning, the New York tycoon managed to ascend to the American presidency with 304 electoral votes and 46.09% of the votes of the citizens. In his first 365 [...]

Comments Off on Happy anniversary Trump

US Crude Export: The job is not done yet

By | 2018-06-12T15:34:05+00:00 January 10th, 2018|Categories: Energy Markets, M·Blog, Oil|Tags: , , , , |

The strong and consistent rally in crude prices that took place between the end of June and early December, does not seem to be over yet. Oil market has shifted considerably over the last few weeks. Brent is trading above $66 per barrel. Investors are sitting on record bullish positions in Brent futures and options and [...]

Comments Off on US Crude Export: The job is not done yet

The End Of The Petrodollar and The Rise Of The Petroyuan

By | 2018-02-21T10:25:18+00:00 November 14th, 2017|Categories: M·Blog, Oil|Tags: , , , , , , |

A “Petrodollar” is a U.S. Dollar obtained through the sale of crude oil, i.e. it’s a term created particularly to describe the situation of the OPEC countries, where the sale of this commodity allows these nations to prosper and reinvest its USD in the nations which purchase it. It’s one of those unofficial axioms over which [...]

Comments Off on The End Of The Petrodollar and The Rise Of The Petroyuan

Dollar and oil: towards a new positive correlation?

By | 2017-09-20T12:37:09+00:00 September 6th, 2017|Categories: M·Blog, Oil|Tags: , , , |

BACKGROUND Traditionally, the relationship between the value of the U.S dollar and the price of commodities, including oil, behaves inversely or negatively. That is, when the US currency is appreciated relative to other major currencies such as the euro, yen or pound, the price of commodities tends to fall, whereas, if there is a devaluation, the [...]

Comments Off on Dollar and oil: towards a new positive correlation?

OPEC: State of Decay

By | 2017-11-28T13:47:38+00:00 June 27th, 2017|Categories: M·Blog, Oil|Tags: , , |

During the last weeks, what we discussed in previous articles became a reality. And so it is, that the Organization of Petroleum Exporting Countries has lost its grip on the global crude oil markets and its actions are not as effective as they once were. A new significant fall in prices few months after the extension [...]

Comments Off on OPEC: State of Decay

The Shale oil Threat

By | 2017-05-04T10:46:08+00:00 March 29th, 2017|Categories: M·Blog, Oil|Tags: , , , |

“We are starting to live in a world where getting more oil involves more energy, more effort and more expensive.” – Tad Patzek, President of the Department of Petroleum and Geosystems at the University of Texas. You can’t get blood from a stone … can you? Countries such as Venezuela, Saudi Arabia, Russia or Iran have [...]

Comments Off on The Shale oil Threat