in case there is any doubt about how the price of oil is set
OPEC (and mainly the Saudis) is the only entity with excess capacity, so it is necessarily price setter. Specifically, they post prices to their refiners
OPEC (and mainly the Saudis) is the only entity with excess capacity, so it is necessarily price setter. Specifically, they post prices to their refiners
[Skip to the end] World demand still projected to increase. Crude Oil Rises From 13-Month Low on European Bank Rescue Plan by Gavin Evans The
[Skip to the end] While demand has been falling, it’s only down about 500,000 bpd year over year. World demand is growing faster than that
[Skip to the end] The Saudis will ‘meet demand’ but at their price. So the question remains as to what their price is. With their
[Skip to the end] Report Faults Speculators For Volatility in Oil Prices by Iathe Jeanne Dugan As crude-oil prices sink back toward $100 a barrel,
[Skip to the end] Saudi Oil Output The Saudi production increase tells me world demand was up, even at the higher prices. Yes, US demand
[Skip to the end] My current assessment is that the crude sell-off has caused the USD’s strength. Lower crude prices make the USD ‘harder to
[Skip to the end] (an email exchange) > > On Thu, Aug 7, 2008 at 7:15 AM, Scott wrote: > > crude moves further in backwardation. >
[Skip to the end] (an email exchange) > > On Wed, Aug 6, 2008 at 4:45 PM, Craig wrote: > > It seems that the ‘right’ price
[Skip to the end] Russel asks: Any reason why the Saudi’s are allowing the price of oil to slide? Just a guess. The futures liquidations