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gregor.us - 10/27/2009

Professional Money Management and Peak Oil

— gregor.us — Over the past two weeks I’ve taken the time to read over a new, 68 page Peak... Oil report from Paul Sankey at Deutsche Bank, entitled, The Peak Oil Market . What’s notable about this report is its holistic, comprehensive treatment of the ... (more) Professional Money Management and Peak Oil

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Comments vote downundo vote up FT Alphaville found this 10/27/2009found this

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tonto.eia.doe.gov - 10/25/2009

Enery Information And Administration: Official Energy And Statistics

tonto.eia.doe.gov (more) Enery Information And Administration: Official Energy ...

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Comments vote downundo vote up Paul Kedrosky's Infectious Greed found this 10/25/2009found this

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hf-implode.com - 10/29/2009

Saudis don't want oil price set in U.S. anymore

— hf-implode.com — Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the... benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange. The decision by the world's biggest oil exporter could encourage other producers to abandon the ... (more) Saudis don't want oil price set in U.S. anymore

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Oil Prices

Comments vote downundo vote up iehi posted 10/29/2009posted this

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Across the Curve:  Evening Reading

FT Alphaville:  Saudis drop WTI oil contract

The Oil Drum - Discussions about Energy and Our Future:  Drumbeat: October 29, 2009

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naked capitalism:  Saudis drop WTI oil contract

BloggingStocks:  Why did the Saudis abandon the NYMEX oil futures contracts?

The Big Picture:  Words from the Investment Wise 11.1.09

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Will Saudis Lead Move to Sour Crude benchmark? - Saudis drop WTI oil contract - FT: http://bit.ly/1Ko7Xd 10/29/2009

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Evening Reading
Across the Curve — On the strategies of the China sovereign wealth fund. Saudi Arabia abandons West Texas Intermediate (oil). An opinion piece in the WSJ on Harry Truman and Barack Obama Iceland, Currency Debasement and the Golden Arches. No hurry to raise rates in New Zealand. A sign that baton passing: US car market to lag China car market for a long time. ...

Saudis drop WTI oil contract
FT Alphaville — Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange. The move by the world’s biggest oil exporter could encourage other producers to abandon the benchmark and threaten the dominance of the most heavily-traded oil futures contract. Riyadh’s decision follows the divergence of the WTI benchmark from the global oil market this year.

Drumbeat: October 29, 2009
The Oil Drum - Discussions about Energy and Our Future — Saudis drop WTI oil contract Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange. The decision by the world’s biggest oil exporter could encourage other producers to abandon the benchmark and threatens the dominance of the world’s most heavily traded oil futures contract. It is the main contract traded on Nymex. The move reveals the growing discontent of Riyadh and its US refinery customers with WTI after the price ...

Saudis drop WTI oil contract
naked capitalism — By Edward Harrison of Credit Writedowns This comes via the FT: Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange. The decision by the world’s biggest oil exporter could encourage other producers to abandon the benchmark and threatens the dominance of the world’s most heavily traded oil futures contract. It is the main contract traded on Nymex. Before anyone tries to ...

Why did the Saudis abandon the NYMEX oil futures contracts?
BloggingStocks — ... Now here's a real important story. If you are an oil trader, chances are you traded the New York Mercantile Exchange West Texas Intermediate (WTI) contract. World pricing of oil by the biggest exporters was based on the WTI contract. ...

Words from the Investment Wise 11.1.09
The Big Picture — ... benchmarks, throwing the global oil market into disarray. “In January, WTI, which usually trades at a premium of $1-$2 a barrel to Brent, fell sharply, leaving it at a discount of almost $12 – a record gap. This dislocation in the market continued well into the summer. “From January, Saudi Arabia will base the price of oil for its US customers on a new index developed by Argus, the London-based oil pricing company.” Source: Javier Blas, Financial Times, October 28, 2009. David Fuller (Fullermoney): Gold ...