europe.theoildrum.com - 6/18/2009
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In this post last month, I described how the recent storage build might serve as a good proxy for describing a well supplied oil market. I also presented data suggesting that actual physical oil consumption may have been running 2 - 3 Mb/d beneath supplies.
In this post, I will present ...
indexuniverse.com - 6/23/2009
gregor.us - 6/24/2009
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gregor.us —
In May, oil production from Mexico’s (previously) largest
oil field Cantarell slipped below 700 kb/day . While...
the death of Cantarell has been much discussed since it peaked five years ago at 2.1 Mb/day, what’s less recognized is that ...
(more)
Should Mexico Stop Exporting Oil?
bloomberg.com - 6/24/2009
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bloomberg.com —
June 24 (Bloomberg) -- Oil & Natural Gas
Corp. , India’s biggest energy explorer, posted an unexpected...
decline in fourth- quarter profit after production fell. Net income decreased 16 percent to 22.07 billion rupees ($455 million) in the three months ...
(more)
ONGC’s Profit Unexpectedly Falls 16% on Lower Output ...
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The Mess That Greenspan Made —
... MarketWatch • Obama Plan Gets Wary Reception From Banks, Lawmakers - Bloomberg • Federal regulator is blamed in bank failures - LA Times • Chrysler set to reopen most plants - CNN/Money • Eddie Bauer Files for Bankruptcy - NY Times • State Income-Tax Revenues Sink - WSJ MARKETS/INVESTING • Oil rises above $71 amid falling inventories - AP • Gold dips, hovers below $940/oz; ETF unchanged - Reuters • Could $30/bbl Oil Happen Before New Year’s Eve? - The Oil Drum • RBOB Gasoline: From ...
Oil price: where next?
The Oil Drum - Discussions about Energy and Our Future —
... for the oil price? I believe that plateau supply of 84 to 88 mmbpd are secure for a couple of years as this summary of mega-projects compiled by Tony suggests (Figure 4). Therefore, the near term price will be controlled by demand. If the trend of Figure 3 holds good, then we could expect prices to rise towards $80 / bbl if demand rises by 2 mmbpd (likely spiking higher than that) or conversely falling to below $40 / bbl if demand drops a further 2 mmbpd, which is the scenario considered by Rune last month. ...
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