Just How Important Is China To The Global Economy?
How important would an economic downturn in China be for the United States?
How important would an economic downturn in China be for the United States?
One of the most significant countries in terms of future oil growth may not be able to achieve its long-term production goals, raising red flags about global oil supplies in the years ahead.
The North Dakota Industrial Commission has published the July production data for The Bakken and for all North Dakota.
Despite brash statements by U.S. producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies.
Oil markets may not balance until late 2016, but supply is finally contracting in a big way.
We’ve long framed collapsing crude prices as a battle between the Saudis and the Fed.
The extreme volatility that struck the oil markets in late August and early September have calmed a bit – but just a bit. Oil fell on September 11, following the latest data from the EIA and IEA (more on that below). WTI was down on the market opening,
The EIA’s Monthly Energy Review came out a couple of days ago. The data is in thousand barrels per day and the last data point is July 2015.
As the price of West Texas Intermediate (WTI) retests the $40 per barrel (bbl) mark, some pundits are again calling for WTI to fall to $15 or $20/bbl. The same thing happened earlier in the year when crude prices tested $40. Lots of people predicted $20, the price went to $60, and the $20 crowd went quiet for a while. Well, they are back:
World liquids demand will be huge in 2015 because of low oil prices. That’s the good news.