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The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,793 / 1,754
Last Reply:December 4th, 2016 (01:02 AM) Attachments:450

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The CL Crude-analysis Thread

Old February 24th, 2016, 10:50 AM   #1531 (permalink)
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@SMCJB

I just picked up on this - CERAWeek Homepage Event ? CERAWeek 2016 Energy Conference

Does this have any bearing on /CL price, short term, long term etc ?

Thank you

-William

EDIT

Other than someone like Naimi opening his pie hole ??


Last edited by WilleeMac; February 24th, 2016 at 11:03 AM. Reason: sp, clarity
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Old February 24th, 2016, 11:24 AM   #1532 (permalink)
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WilleeMac View Post
I just picked up on this - CERAWeek Homepage Event ? CERAWeek 2016 Energy Conference

Does this have any bearing on /CL price, short term, long term etc ?

It's one of the largest energy conferences of the year, as such there are plenty of opportunities for...

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Other than someone like Naimi opening his pie hole ??


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Old February 24th, 2016, 12:35 PM   #1533 (permalink)
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Sign of things to come ?


Quoting 
Oil major Royal Dutch Shell (RDSa.L) is closing a business dedicated to so-called unconventional resources, a term used by the industry to describe shale reserves, and said on Wednesday the unit's director and U.S. head Marvin Odum would leave.

Shell closes U.S. shale resources unit and says U.S. head to leave | Reuters

-William

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Old February 24th, 2016, 12:55 PM   #1534 (permalink)
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John Kemp (reuters.com) sent out this report on gasoline consumption since 1949

I thought it might be of interest

-William

The CL Crude-analysis Thread-us-gasoline-consumption-charts.pdf

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Old February 24th, 2016, 05:16 PM   #1535 (permalink)
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John Kemp (reuters.com) sent out this report on gasoline consumption since 1949

I thought it might be of interest

Yes very interesting. Thank You.
Not sure why he used log scales. I think it distorts the picture.

On the subject of Gasoline use....

Another Oil Crash Is Coming, and There May Be No Recovery - Bloomberg Business

Hint: Electric Cars!

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Old February 26th, 2016, 09:34 AM   #1536 (permalink)
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Interesting animated map and graphs of oil production in the US over the past five years. The map is ok but the three graphs below the map is interesting as well as the fourth graph below those three.


Quoting 
The crash in oil prices has taken its toll. The number of active oil-drilling rigs in the U.S. is plunging toward the lowest level in more than 75 years of records. The animation below shows the deployment of oil and gas rigs over five years, culminating in the collapse of almost 75 percent of the rig count.

Watch five years of oil drilling collapse in seconds. The oil crash has taken its toll.


Quoting 
These five years represent the fastest expansion of oil production in U.S. history. New technology drove this boom—particularly the deployment of horizontal drilling through shale rock. The three biggest oil-producing shale regions are the Permian basin in West Texas, the Eagle Ford in Southern Texas, and the Bakken in North Dakota.

After the plunge in oil prices kicked off in late in 2014, producers started shutting down rigs at an unprecedented rate. The number of active rigs is approaching the lowest level since Baker Hughes started tracking rig counts in 1940. Last week the rig count stood at 514, compared with the record-low 488 recorded in April 1999.


Quoting 
A corresponding drop in U.S. production hasn’t yet materialized. Today’s rigs are more efficient, and new wells pump oil faster, so raw rig counts are losing some of their predictive power. Despite the declining number of rigs, the U.S. is still pumping oil at a historically high rate. At some point that will have to change change if rig counts continue to tumble.

-William

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Old February 26th, 2016, 02:58 PM   #1537 (permalink)
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Baker Hughes Rig Count, February 26 - Business Insider

Going Down, Down, Down...

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Old February 29th, 2016, 10:33 AM   #1538 (permalink)
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Twitter @JKempEnergy
HEDGE FUNDS established record net long position of 320 million bbl in ICE Brent futures and options by Feb 23:

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Old March 2nd, 2016, 10:52 AM   #1539 (permalink)
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Inventory data out today.
I wouldn't be surprised to see a rally on a horrible print.
The logic of the illogical.

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Old March 2nd, 2016, 08:52 PM   #1540 (permalink)
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Inventory data out today.
I wouldn't be surprised to see a rally on a horrible print.
The logic of the illogical.


The last few months of inventory reports well over estimates have all caused a rally. people are buying on bullish and bearish news. Even rumors of a deal cause spikes.

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