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Crude Now - Daily Oil Market Summary

IEA--Release - USA Inventories / Thousand Barrels

YearTotalCushingCrudeProductsGasoline
Sep/16/2016139091762714504598886319225156
Sep/09/2016139695162188510798886153228360
Sep/02/2016139093963433511357879582227793
Aug/26/2016140467963867525870878809232004
Aug/19/2016140017664906523594876582232695
Aug/12/2016139356364531521093872470232659
Aug/05/2016139224365255523601868642235383
Jul/29/2016138974764092522546867201238190
Jul/22/2016138762065215521133866487241452
Jul/15/2016138496864105519462865506241000
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The International Market

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Main Market prices - Nymex -Date:Sep/21/2016

WTI


$45.33 {4.35% }

Brent


$46.88 {2.18% }

Heat


$1.4319 {1.91% }

Gasoiline


$1.3983 {0.76% }

USindex


$95.74 {-0.25% }

Euro


$1.117 {0.13% }

Gold


$1338.25 {1.44% }

GoldenConst


$1.0534 {2.861% }
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EIA OIL STORAGE REPORT :Date:Sep/21/2016 Full Data wti

EIA-War-time Oil Stock level

crudeinventory
crudeinventory
EIA

Crude Oil Spot -Price -EIA "


 Oil

Oil Producers Await a Change in Saudi Stance (english.aawsat.com)

Sep/25/2016
 Oil

Saudis Willing to Act on ‘Critical’ Oil Market, Algeria Says (www.bloomberg.com)

Sep/25/2016
 Oil

Libyia's Oil Production Jumps (www.maritime-executive.com)

Sep/24/2016
 Oil

Iran plans to swap Iraqi KRG's crude oil (news.xinhuanet.com)

Sep/23/2016
 Oil

FONT color=#005b8a face="times new roman,times,serif">Oil prices decline as expectation for OPEC-deal dims (news.xinhuanet.com)

Sep/23/2016
 Oil

OPEC Under Pressure to Act in Algiers as Surplus Triples ( www.bloomberg.com)

Sep/23/2016
 Oil

Federal Reserve Interest-Rate Decision:  See you December,maybe

Sep/22/2016
 Oil

Russia Is Pumping Oil at Its Fastest Pace Since the Soviet Era (www.bloomberg.com)

Sep/21/2016
 Oil

Oil rebounds on possibility of 'formal' freeze talks meeting (www.rt.com)

Sep/21/2016
 Oil

OPEC may decide on extra meeting immediately after Algiers: Algeria (www.reuters.com)

Sep/20/2016
 Oil

Oil rebounds from six-week low on OPEC speculation; gasoline tumbles (www.reuters.com)

Sep/20/2016
 Oil

Hedge funds scale back short positions as oil steadies: Kemp (www.reuters.com)

Sep/20/2016
 Oil

Oil Investors Flee as OPEC Freeze Hopes Face Supply Reality (www.bloomberg.com)

Sep/19/2016
 Oil

Oil explorers have a new philosophy: Less is more (www.cnbc.com)

Sep/19/2016
 Oil

Oil Investment Crash Could Continue For Another Year (oilprice.com)

Sep/19/2016
 Oil

Ridiculous game oil Producers Play to manipulate Prices (www.cnbc.com)

Sep/19/2016
 Oil

China crude oil output fall sharply, imports rise by 13.5pc (www.thestandard.com)

Sep/19/2016
 Oil

OPEC chief: Algiers meeting not for 'decision making': Algerian state media (www.todayonline.com)

Sep/18/2016
 Oil

If you're watching the Fed, you better pay attention to this instead:The Fed meets Tuesday and Wednesday, and so does the Bank of Japan. The Fed is expected to hold off on an inter

Sep/17/2016
 Oil

EIA's weekly crude oil inventory data will soon be presented without lease stocks

Sep/17/2016
 Oil

U.S. rig count drops amid concern global glut will persist (www.houmatoday.com)

Sep/17/2016
 Oil

Oil hits multi-week lows on glut worry; gasoline surges (www.reuters.com)

Sep/16/2016
 Oil

Why the U.S. is a major roadblock for oil output freeze (www.reuters.com)

Sep/16/2016
 Oil

Here’s why 31 million barrels are set to disappear from U.S. oil inventories (www.marketwatch.com)

Sep/16/2016
 Oil

Iran may rent pipelines to export gas to EU (en.trend.az)

Sep/15/2016
 Oil

Iran seen not stopping at pre-sanctions oil Output (www.gulf-times.com)

Sep/15/2016
 Oil

Oil prices down 2 percent; product builds offset U.S. crude draw (www.reuters.com)

Sep/14/2016
 Oil

Oil is setting up for a monster Rally (www.businessinsider.com)

Sep/14/2016
 Oil

World’s Most Expensive Oil Project Could Finally Come Online (oilprice.com)

Sep/14/2016
 Oil

Oil Glut Set to Worsen as Nigeria and Libya Fields Restart (www.bloomberg.com)

Sep/14/2016
 Oil

The Crazy, Mixed-Up Global Oil Market (www.bloomberg.com)

Sep/13/2016
 Oil

Saudi Arabia Ousts U.S. as Biggest Oil Producer, IEA Says ( www.bloomberg.com)

Sep/13/2016
 Oil

Oil falls after IEA report adds to outlook gloom (www.reuters.com)

Sep/13/2016
 Oil

How the Middle East can recover from the oil crunch (www.cnbc.com)

Sep/13/2016
 Oil

Global oil outlook darkens more quickly; surplus stubborn (www.reuters.com)

Sep/13/2016
 Oil

OPEC points to larger 2017 oil surplus as rivals keep pumping (www.reuters.com)

Sep/12/2016

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