1

Crude Now - Oil Market Summary

Jabbar al-Jaf:Oil Market Analyst

Wednesday Window Crude oil

The International Market

while we kept this picture since january clickhere wti

Main Market prices - Nymex -Date:Dec/09/2016

WTI


$51.47 {1.24% }

Brent


$54.36 {0.87% }

Heat


$1.6399 {0.86% }

Gasoiline


$1.5071 {0.16% }

USindex


$101.6 {0.47% }

Euro


$1.0556 {-0.56% }

Gold


$1161.4 {-0.72% }

GoldenConst


$1.3783 {1.9754% }
fff
fff
fff
fff
fff
fff
fff
fff
fff
fff

Click Here The NYMEXwti

IEA-Dec/09/2016 -Release - USA Inventories / Thousand Barrels

YearTotalCushingCrudeProductsGasoline
Dec/02/2016134263465285485756856878229548
Nov/25/2016134122661502488145853081226123
Nov/18/2016134076059083489029851731224026
Nov/11/2016134085859170490284850574221709
Nov/04/2016133376658479485010848756220963
Oct/28/2016134073158451482578858153223804
Oct/21/2016133168458362468158863526226011
Oct/14/2016134042259699468711871711227967
Oct/07/2016134400361334473958870045225498
Sep/30/2016137969762652499740879957227405
Contact Jabbar Aljaf
crudeinventory
crudeinventory
EIA

Crude Oil Spot -Price -EIA "


 Oil

'OPEC SecGen sees "historic" deal with non-OPEC on Saturday (www.reuters.com) ' 'Dec/10/2016'

 Oil

'First stage of Iraq-Jordan pipeline to start in 2017 (aa.com.tr) ' 'Dec/10/2016'

 Oil

'Saudi minister says Russia led consultations process with OPEC (tass.com) ' 'Dec/10/2016'

 Oil

'Non-OPEC states join historic oil cut deal (tass.com) ' 'Dec/10/2016'

 Oil

'Press Release 10th December 2016 :  OPEC and non-OPEC Ministerial Meeting (www.opec.org) ' 'Dec/10/2016'

 Oil

'Brent, NYMEX gain in Asia with U.S. rig count, OPEC in focus (www.investing.com) ' 'Dec/09/2016'

 Oil

'A Major Red Flag? Chinese Oil Demand Growth Could Shrink 60% In 2017 (oilprice.com) ' 'Dec/09/2016'

 Oil

'Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says (www.businessinsider.com) ' 'Dec/09/2016'

 Oil

' Oil firms before OPEC, non-OPEC output talks (www.investing.com) ' 'Dec/09/2016'

 Oil

'Saudi Arabia’s post-oil revolution starts in the HR department (gulfnews.com) ' 'Dec/09/2016'

 Oil

' WoodMac: Global oil, gas exploration to return to profitability in 2017 (www.ogj.com) ' 'Dec/09/2016'

 Oil

' WoodMac: Global oil, gas exploration to return to profitability in 2017 (www.hellenicshippingnews.com) ' 'Dec/09/2016'

 Oil

' NYMEX up, Brent steady as China trade data lifts demand hopes (www.investing.com) ' 'Dec/08/2016'

 Oil

' Oil prices push higher but output cut deal skepticism weighs (www.investing.com) ' 'Dec/08/2016'

 Oil

'Russia Sells $11 Billion Stake in Rosneft to Glencore, Qatar (www.bloomberg.com) ' 'Dec/08/2016'

 Oil

' Lower for longer, ECB scales back asset buys (www.investing.com) ' 'Dec/08/2016'

 Oil

'U.S. Shale Set To Kill Oil Price Rally (oilprice.com) ' 'Dec/08/2016'

 Oil

'OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles (www.bloomberg.com) ' 'Dec/08/2016'

 Oil

'Feature: US shale producers, OPEC can avoid a new showdown, says Hamm (www.platts.com) ' 'Dec/08/2016'

 Oil

' Moody's: Global oil and gas industry to see modest rebound in the year ahead (www.moodys.com) ' 'Dec/08/2016'

 Oil

'Oil Trader Andurand Sees OPEC Output Deal ‘Major Turning Point’ (www.bloomberg.com) ' 'Dec/08/2016'

 Oil

' Brent, NYMEX weaker in Asia despite API crude draw (www.investing.com) ' 'Dec/07/2016'

 Oil

'The World's Top Oil Market Is Starting to Lose Its Sheen (www.bloomberg.com) ' 'Dec/07/2016'

 Oil

'EIA Reports Crude Inventory Draw Amid Rising Doubts On OPEC Deal (oilprice.com) ' 'Dec/07/2016'

 Oil

'Gold Prices Set To Spike Under Trump (oilprice.com) ' 'Dec/07/2016'

 Oil

'U.S. rig count increased more than 6 percent (www.upi.com) ' 'Dec/07/2016'

 Oil

'Energy Giant Shell Inks Oil Deal With Iran (www.npr.org) ' 'Dec/07/2016'

 Oil

'China Is Transforming Southeast Asia Faster Than Ever (www.bloomberg.com) ' 'Dec/06/2016'

 Oil

'World’s biggest IPO may be the real reason behind Saudi Arabia agreeing to Opec deal (economictimes.indiatimes.com) ' 'Dec/06/2016'

 Oil

'Big Oil Earnings To Explode In 2017 (oilprice.com) ' 'Dec/06/2016'

 Oil

' Oil falls as glut concerns persist (www.investing.com) ' 'Dec/06/2016'

 Oil

'Oil Falls From 16-Month High as OPEC Production Keeps on Rising (www.bloomberg.com) ' 'Dec/06/2016'

 Oil

'Saudi Arabia cuts January oil price to Asia to four-month low to keep market share (www.reuters.com) ' 'Dec/06/2016'

 Oil

'Factbox - Why the shift to electric cars may surprise oil groups (uk.reuters.com) ' 'Dec/06/2016'

 Oil

'Why OPEC's squeeze on oil prices is getting weaker all the time (www.business-standard.com) ' 'Dec/06/2016'

 Oil

'Oil falls on output cut skepticism, OPEC and Russia output rise (www.reuters.com) ' 'Dec/06/2016'

Past Articles

crude

Crude oil price “free fall” is coming to an end

Opec is learning from the US Fed Bank a new crude oil pricing tactic in baby steps . In Dec 2015 US Federal Bank had the first rate hike in a decade to be increased in baby steps to reach the 2.5% by end of 2016 . After 11 months and 23 press conferences without changing the rate,the Fed kept the market expecting a hike in the rate.
crude

Petroleum Inventory Trap

The crude oil prices are heading towards $35 and should continue to fluctuate between The present level of $50 and the $38. This is because neither the sellers of crude oil nor the buyers ( the holders of inventories ) have any interest in low prices , as both stand to lose equally under any price collapse .Two important factors are ...
crude

Let'sStick Together

Why leave when the european did whatever,UK could have asked for?, and Why exit through a referendum when all Party leaders agree that "Referendum is an alien device of dictators and demagogues ?See the graph .lt is quite illustrative
crude

The Oil Prince

“ Low prices are not our problem… We sell at any price “. This statement is strong enough to stop the heart of anyone who is waiting for an artificial dose of oil price stimuli”. In fact,it was a death-blow to the new oil barons on the eve of Doha meeting. The Oil Prince did at 30 years of age what a sixty six years old OPEC organisation failed to do. What the market needed is a clear message. Instead of “ Softlysoftly” approach practiced by all OPEC members:
crude

Guess who is coming to Doha

inviting oil producers who already made their position clear , to Doha , is looking for whipping boy It also means inviting dissents, which may result in a meeting much similar to Dec 2014 Vienne meeting
crude

Euphoric- Data Falsification to change the Market Sentiment

For the last three consecutive weeks IEA has being releasing USA Petroleum inventories. Each week’s data were worse than the one before it, and yet the “ Market” reaction was positive , and the futures market advanced for wrong reasons, the wrong direction and to a new crude oil price highs, Yet the figures show, the highest Petroleum inventories in living memory .
crude

Why lift the ban after 40 years

After the Arab oil embargo in 1973,a ban on oil exported was instituted to insulate USA crude oil import from any supply interruption. That is always given as the reason for the ban on crude oil export .which is not completely correct! The true reasons for the ban is as follow:
crude

Oct,21 2015: Melting Pot- OPEC invited eight non-member Countries , including Russia

Oct,21 2016 OPEC Countries invited eight non-member Countries , including Russia to reduce the Oil surplus that has sent oil prices below $50 a barrel
crude

malignant tumor is diagnosed as bengin

The economic recession started in 2012, but it was camouflaged , by 1-Unprecedented growth in the financial market ,2-the events in the middle east, Ukraine, Libya, Syria,and 3-Central government’s strategies of boosting “market expectation “ using all means
crude

Who brought down the price of Oil

A change was in the air,Dr. J.Yellen, macroeconomist believing in the theory of improved expectations and transparency took over from Ben Bemannke ,and as soon as she took over in March 2013 almost the same day USA Administration announced SPR drawdown..causing stockpiling in the commercial sector
crude

The oil market is all tears

Today, we are repeating or warning that not only a crude oil avalanche is imminent next August - Sept ,but it also is threating the price structure of the oil industry the Crude oil stock is not only too high and higher than 2014 and 2015, but it also comes at a time when the world economy is heading towards a prolonged recession and perhaps a depression
crude

Cool summer in the Oil Market

The Data Published today May 13 2015 by EIA () tells different tell. Looking at Oil inventories, (The balance sheet of the oil industry) we observe that the level of Oil Stock in 2014 was artificially very low( perhaps that was the reason why USA administration ordered destocking from SPR).
crude

The USA partners should also be truly partners with each other

the crude oil prices are insulated from events in the Middle East, and this is the aim of the new USA policy in the area. and they are succeeding
crude

Dollar is The New Gold

The waiting is over to choose between the two, The Devil above and The Deep Blue Sea below. If Rate of Inflation and the Unemployment figures are the criteria .then:
crude

Crude oil avalanche is imminente

Can anyone ameliorate the Crude Oil Market , The $30 per Barrel is imminent ,and the market is now at the mercy of how
crude

Hydra is leaving

Today ,the hydra, the God of War, caused enough confusion has left with a safe passage in the mist and the dust created during the mass exodus of migrants from Syria and Iraq towards Europe.The cleaning up operation has been assigned to Russia.!
crude

Structural Changes in the Oil market

A false signal to the futures market from Cushing coincided with a false alarm by releasing SPRs in March 2014 caused the collapse of the oil price in 2014.
crude

“Waiting For Goddot”

What if opec Walks out without any decision?
crude

De facto Fracking Moratorium: Drill but do not Frack

On 4th N0v 20014, in Denton,Texas, the birthplace of fracking, the people voted to ban fracking,but the ban is not constitution . OPEC, by its action imposed Fracking Moratorium in USA without suprem court
crude

What if Oil prices goes below $60 for a period?

It is like asking 'what if cat laid eggs, then it would be a Hen '.
crude

All is quiet on the Eastern Front

The sudden increase in Shale gas and oil production, spells disaster for the global oil prices. But why is it all so quite on the Middle Eastern front?- read more
crude

Golden Constant

It does not matter were you stand on the question of gold... Whether you think that gold has become just another currency ,lost its glitters,and is traded like any commodity or "gold is gold and the rest are credits .The inescapable conclusion is , "Oil Prices are still on the gold standard - read more
crude

Searching for a Benchmark is like Searching For a Dead Man

The days for spot market prices are numbered or may have already ended , Benchmarking is slowly replaced by trading directly on the futures,because , the Crude that are qualified to benchmarks are losing their qualifications... and basketing can not same it... read more
crude

The Historical Handshake

There is a major shift in USA policy. "It is absolutely true that in the 21st century, American isolation is not an option," Obama said. Instead America's strategy should shift to partnering with countries where “terrorist” networks seek a foothold. ” Obama said. “the USA partners should also be truly partners with each other”. The same cruel message is passed on to the Iraqi politicians who are. read more
crude

Non-Conventional Fossil Fuels

The main difference between “conventional” and “Non-conventional” oil and gas are, the method and the cost associated with extracting this fuel resource , and their geologic location and accessibility. - read more
crude

A False Signal from SPR , a False Alarm from Cushing

A false Signal from SPR(strategic Petroleum Reserve ) and a False information from Cushing caused the price collapse in 2014 read more
crude

Drums of War

Henry Kissinger: “If You Can’t Hear the Drums of War You Must Be Deaf” - read more
crude

A Hydra Is Haunting MiddleEast

It is ironical that the prices of crude Oil on the international market are reacting downwardly during ISIL operations in the Middle East; in fact it is falling fast . Few years earlier a threat of such a scale would have called for at least SPR withdrawal and sent the crude oil prices through the roof. Is there any reason why the crude oil market is motionless towards the Hydra?- read more
crude

Analyze a stock before taking position

if you are looking continuously at the open-close--high-week-month-52 weeks statistics ..W pattern or M pattern or doji, ..Bollinger Bands,Volume..MACD .these indicators are necessary , but is not sufficient,learn to read our chart to be able to identify technical signals. - read more
crude

Internet Café Traders Versus HFT of NYMEX

This shows how the two major Chinese exchanges reached 10.2 trillion Market Cap within less than a year and the SSE Composite index exceeded Nasdaq futures index, and collapsed losing 1/4 of its value within weeks ( enlarge the weekly graph). Actually,the boom started few months ago, after the so called Hong Kong_Shanghai connect , and suddenly , over the counter trading bubbled.
ـ Jabbar Aljaf