Oil
Commented by Mario Hose on May 6th, 2020 | 05:57 CEST
BP, Exxon, Shell, Saturn Oil & Gas - Crude oil up to USD 100 in May?
In recent weeks, even experienced investors have learned a lot about the oil market. When the price of WTI slipped into the red in April 2020, this was a first in the history of black gold. On the one hand, the oversupply of producers put pressure on prices, but speculators also caused the distortions. It was a dangerous mixture on the expiry date of the May contracts. In two weeks' time, the June contracts expire and the price development is eagerly awaited, but this time it can also go the other way.
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Commented by Mario Hose on April 27th, 2020 | 07:30 CEST
BP, Exxon, Saturn Oil & Gas - North America and EU ready for oil deal?
Something is brewing in North America, because nothing less than social and economic independence is at stake. COVID 19 has shown that dependencies in the supply chain pose great dangers. On the one hand, modern society had to learn how difficult it is to obtain masks and, on the other hand, Saudi Arabia ruined the price stability of crude oil by increasing its production volume. An act that deliberately came at an inopportune moment, because with the measures to stem the spread of the corona virus, the demand for the black gold had already fallen by over 20%. The price level of recent weeks at USD 20 per barrel for WTI will drive a large part of the US oil industry into ruin and increase dependence on the OPEC states.
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Commented by Mario Hose on April 21st, 2020 | 08:54 CEST
BP, Royal Dutch Shell, Total - which tanker companies are getting booked now?
The contact restrictions around the globe have led to a decrease in the consumption of crude oil. A large part of the crude oil produced worldwide comes from OPEC countries. These countries depend mainly on the sales revenues from the black gold with their national budgets. The largest producing countries currently include the USA, Saudi Arabia and Russia. In the period before the Corona Pandemic, these countries each produced around 10 barrels (159 litres) per day. At a price of USD 65.00 per barrel, this means that the daily sales revenue was around USD 650 million. The price of WTI today costs around USD 21.50 per barrel, which at the same production rate only corresponds to sales of USD 215 million per day - the cuts are significant.
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Commented by Mario Hose on March 26th, 2020 | 06:29 CET
BP, Royal Dutch Shell, Saturn Oil & Gas - now positioning for the oil rally
Russia and Saudi Arabia are in the middle of an oil war. This was preceded by negotiations on a joint reduction in production volumes in order to ensure price stability in connection with the Corona Crisis and the accompanying decline in demand. Russia has belonged to OPEC+ for three years in an extended circle. This has now come to an end, as no consensus decision has been reached. Saudi Arabia reacted with disgruntlement and has announced that it will increase its production volume. The oil price level now reached of less than USD 25 per barrel for WTI not only makes the US energy economy unprofitable, but also endangers the energy independence of the largest oil consumer. There is therefore enormous pressure to act.
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Commented by Mario Hose on March 10th, 2020 | 11:40 CET
Baytex Energy, Husky Energy, Saturn Oil & Gas - why Canadian oil now?
The oil industry around the globe had an unexpected start to the week, marked by a collapse in the price of oil. Last Friday, WTI was still trading at over USD 41.00 per barrel and at the start of the week the price fell briefly to below USD 28.00 per barrel. This was preceded by the announcement that Saudi Arabia will increase its production volume because Russia will not participate in a joint cutback. The defiant reaction of Saudi Arabia sent the oil price and the stock markets around the globe into a downward spiral.
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Commented by Mario Hose on January 20th, 2020 | 05:50 CET
Saturn Oil & Gas, TORC Oil & Gas, Whitecap Resources - it's time for harmless oil!
In recent years, there has been a growing trend in modern society that food must originate from the region and a declaration as 'organic' is now considered mandatory. Coffee beans from distant countries should definitely carry the label 'Fairtrade' and blood diamonds are rightly considered frowned upon. Consumers have changed the supply with their purchasing and market power. When will the oil market change?
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Commented by Mario Hose on December 12th, 2019 | 07:38 CET
Deutsche Rohstoff, Fuchs Petrolub, Saudi Aramco - and another successful player is emerging
With the IPO of Saudi Aramco, the topic of oil investments is once again moving into the focus of the media. People around the globe currently consume around 100 million barrels (159 liters) of crude oil per day for their usual prosperity. The crude oil is processed in a variety of ways and then used for various purposes. Apart from all environmental discussions, the production of crude oil provides a necessary foundation for a modern society. OPEC expects the daily demand for crude oil to rise to more than 110 million barrels by 2040, partly because energy demand is expected to rise by 25% over the same period.
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