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Crude Now - Daily Oil Market Summary

IEA--Release - USA Inventories / Thousand Barrels

YearPetroleumCrudeProductsGasoline
20101114421357221.9757199.1218651.4
20111060487348727.6711759215697.4
20121083653365598.7718054.3211043
20131105645377120.7728524.1221061.6
20141096896374937.9721958.5216182.6
20151252774461470.5791303.8224142
20161361088521617.7839499.1242822.6
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The International Market

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Main Market prices - Nymex -Date:Aug/24/2016

WTI


$46.79 {-2.72% }

Brent


$49.02 {-1.88% }

Heat


$1.4945 {-0.49% }

Gasoiline


$1.4973 {-0.1% }

USindex


$94.73 {0.25% }

Euro


$1.1264 {-0.37% }

Gold


$1329.25 {-0.85% }

GoldenConst


$1.0947 {-1.8998% }

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EIA OIL STORAGE REPORT :Date:Aug/24/2016 Full Data wti

EIA-War-time Oil Stock level

crudeinventory
crudeinventory
EIA

Crude Oil Spot -Price -EIA "


 Oil

Oil Industry Shifts From Survival to Growth (www.bloomberg.com)

Aug/26/2016
 Oil

Saudi energy minister tempers expectations for production freeze (energy.economictimes.indiatimes.com)

Aug/26/2016
 Oil

Oil Prices Fall As Saudi Arabia Dampens Output Freeze Prospects (www.epmag.com)

Aug/26/2016
 Oil

Iraq not open to capping oil output: Prime Minister (www.tradearabia.com)

Aug/24/2016
 Oil

Iran Said Willing To Support Joint Oil Output Freeze, Lifting Prices (www.rferl.org)

Aug/24/2016
 Oil

Oil Climbs on Report Iran May Support OPEC Production Freeze (www.bloomberg.com)

Aug/23/2016
 Oil

Goldman Sees Possible OPEC Output Freeze as Self-Defeating (www.bloomberg.com)

Aug/23/2016
 Oil

Oil Ends Longest Gain in 4 Years on Nigeria, Iraq Supply Boost (www.bloomberg.com)

Aug/22/2016
 Oil

Saudi Arabia shows its ability to move oil markets (www.tradearabia.com)

Aug/21/2016
 Oil

Iran ready to swap oil with Russia (en.mehrnews.com)

Aug/21/2016
 Oil

Saudis ramping up oil output to gain leverage in OPEC talks (www.indiainfoline.com)

Aug/20/2016
 Oil

OPEC Freeze Wouldn’t Be So Potent as Gulf Rivals Pump More (washpost.bloomberg.com)

Aug/19/2016
 Oil

Oil price gushers as OPEC brings bulls back into market (www.cnbc.com)

Aug/19/2016
 Oil

Shale Drillers Party Like It’s 2014 as Oil Finds Bull Market (www.bloomberg.com)

Aug/19/2016
 Oil

Crude Oil Rallies On Dollar Weakness (www.investing.com)

Aug/18/2016
 Oil

Oil over $50 at six-week high on talk of supply freeze (www.reuters.com)

Aug/18/2016
 Oil

Iran’s oil export hits 2.7 mbpd (en.trend.az)

Aug/17/2016
 Oil

Oil falls from 5-week highs on bets for bearish U.S. stockpile data (www.investing.com)

Aug/17/2016
 Oil

US Crude Oil Rig Count Rose for 7th Consecutive Week (marketrealist.com)

Aug/17/2016
 Oil

Venezuela's  deepening chaos could soon create tremors in the global oil markets (money.cnn.com)

Aug/17/2016
 Oil

Exclusive: Saudi signals it may hit new oil output record ahead of freeze talks - sources (www.reuters.com)

Aug/17/2016
 Oil

Here’s Who’s Buying Up U.S. Oil (www.bloomberg.com)

Aug/17/2016
 Oil

Oil Trades Near $46 a Barrel as Nigeria Sees OPEC Cuts Unlikely (www.bloomberg.com)

Aug/16/2016
 Oil

US needs marine capacity for crude reserve: Moniz (www.argusmedia.com)

Aug/16/2016
 Oil

Russia restarts oil freeze talks with Saudi Arabia: reports (www.marketwatch.com)

Aug/15/2016
 Oil

EIA: U.S. shale oil output forecast to fall by 85,000 barrels a day in September (www.marketwatch.com)

Aug/15/2016
 Oil

World tight oil production to more than double from 2015 to 2040 (www.eia.gov)

Aug/12/2016
 Oil

Venezuela's Oil Production Falls to Just 2 Million Barrels per Day (www.laht.com)

Aug/11/2016
 Oil

OPEC points to 2017 oil surplus as Saudi output hits record (www.firstpost.com)

Aug/11/2016
 Oil

Oil prices fall on record Saudi Output (www.tradearabia.com)

Aug/11/2016
 Oil

Oman agrees to alter route of Iran gas pipeline to avoid UAE Waters (www.arabianbusiness.com)

Aug/11/2016
 Oil

Iran’s gas oil exports soar dramatically (en.mehrnews.com)

Aug/10/2016
 Oil

Oil prices rebound as OPEC announces meet (nation.com.pk)

Aug/09/2016
 Oil

Draghi’s Dilemma Is Oil Prices Damping Inflation Outlook: Chart (www.bloomberg.com)

Aug/08/2016
 Oil

Oil futures up over 2% on a fresh push for OPEC freeze deal (www.marketwatch.com)

Aug/08/2016
 Oil

UAE markets buoyed by rebound in oil Price (www.thenational.ae)

Aug/08/2016

Past Articles

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

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:

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

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 .

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:

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

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

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

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

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).

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

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 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

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.!

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.

“Waiting For Goddot”

What if opec Walks out without any decision?

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

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 '.

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

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

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

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

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

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

Drums of War

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

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

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

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