By Kevin Crowley
At least 60% of 2018 Output hedged against falling price fears (click here)
Anadarko, EOG, Continental are potential winners: Cowen Says
As the price of oil rises, heavily-hedged shale drillers may find it harder to meet investor demands for payback, boosting the value of producers that haven’t locked in returns for future production.
When West Texas Intermediate breached $60 a barrel, it was good news generally for U.S. shale producers. But the higher the price, the less gain will come to companies that hedged their production as crude held below $55 for 10 months of the year.
At least 60 percent of next year’s crude output has been hedged, more than in previous years, according to RBC Capital Markets LLC. The result: Rising crude prices will boost the profile of companies with fewer hedges, according to a report by Cowen & Co. Among the winners: EOG Resources Inc., Anadarko Petroleum Corp., and Continental Resources Inc., the note said....
US Market export has nothing to do with the hurricanes. The hurricanes curbed production as they swept through offshore oil fields. The market surge is due to the underhanded amendment the Republican Congress passed allowing for the first time the open market export of American produced oil.
The USA has always exported oil, to allies and those that needed it. American oil is not in abundance. It is not as in the day of Spindletop. The oil the USA exported were to country that were part of our strategic national security as they requested it.
Now, the USA is exporting oil with complete abandon and OPEC is contemplating it's next policy change. The USA is creating a glut again.
Think Tillerson.
December 29, 2017
New York - U.S. crude oil production in October (click here) rose to the highest in more than 46 years, while natural gas production leaped to a new record, U.S. Energy Information Administration data showed on Friday.
The production increases in October compared to a year ago come on the heels of higher energy prices, with U.S. crude futures recently touching $60 a barrel for the first time since mid 2015.
Natural gas futures hit near four-week highs on Friday and were poised for their best weekly gain since July last year on higher demand expectations.
Production was expected to continue rising through 2017 and into 2018, analysts and traders said, driven by rising exports and growing oil demand....
October crude production rose 167,000 barrels per day to 9.64 million bpd,...
OPEC production fell by 60,000 barrels. Saudi Arabia has been cutting exports while Libya increased theirs. OPEC and Russia have planned a big meeting.
January 4, 2017
By Irina Slay
OPEC’s crude oil production (click here) remained largely unchanged from November in December, but that was mostly thanks to a 50,000-bpd decline in Venezuela’s production, as well as further cuts in Saudi Arabia, a Bloomberg survey of ship-tracking data, analyst opinions, and data, analyst opinions, and company information has suggested....
The day traders are reeling in cash by the fist fulls. Oil is a liquid commodity. It is as good as cash. One can dump it any day of the week for the pure reason of needing ready cash.
Oil is not an investment, it is liquidity. Falling oil prices are meaningless to many. Loss isn't really a thing. One can always replace oil futures with cheap oil that will rise as the productions fluctuate. It is a mess.
US Market export has nothing to do with the hurricanes. The hurricanes curbed production as they swept through offshore oil fields. The market surge is due to the underhanded amendment the Republican Congress passed allowing for the first time the open market export of American produced oil.
The USA has always exported oil, to allies and those that needed it. American oil is not in abundance. It is not as in the day of Spindletop. The oil the USA exported were to country that were part of our strategic national security as they requested it.
Now, the USA is exporting oil with complete abandon and OPEC is contemplating it's next policy change. The USA is creating a glut again.
Think Tillerson.
December 29, 2017
New York - U.S. crude oil production in October (click here) rose to the highest in more than 46 years, while natural gas production leaped to a new record, U.S. Energy Information Administration data showed on Friday.
The production increases in October compared to a year ago come on the heels of higher energy prices, with U.S. crude futures recently touching $60 a barrel for the first time since mid 2015.
Natural gas futures hit near four-week highs on Friday and were poised for their best weekly gain since July last year on higher demand expectations.
Production was expected to continue rising through 2017 and into 2018, analysts and traders said, driven by rising exports and growing oil demand....
October crude production rose 167,000 barrels per day to 9.64 million bpd,...
OPEC production fell by 60,000 barrels. Saudi Arabia has been cutting exports while Libya increased theirs. OPEC and Russia have planned a big meeting.
January 4, 2017
By Irina Slay
OPEC’s crude oil production (click here) remained largely unchanged from November in December, but that was mostly thanks to a 50,000-bpd decline in Venezuela’s production, as well as further cuts in Saudi Arabia, a Bloomberg survey of ship-tracking data, analyst opinions, and data, analyst opinions, and company information has suggested....
The day traders are reeling in cash by the fist fulls. Oil is a liquid commodity. It is as good as cash. One can dump it any day of the week for the pure reason of needing ready cash.
Oil is not an investment, it is liquidity. Falling oil prices are meaningless to many. Loss isn't really a thing. One can always replace oil futures with cheap oil that will rise as the productions fluctuate. It is a mess.
