Top five factors affecting oil prices in 2015

Thursday, January 8th 2015 - 06:36 UTC

Full article 8 comments

As we ring in the New Year, let's take stock of where we are at with the oil markets. 2014 proved to be a momentous one for the oil markets, having seen prices cut in half in just six months. Read full article

Comments

Disclaimer & comment rules

ChrisR
This guy is a wanabe economist and has far more obvious questions than answers.

I have just wasted my time reading this drivel.

It was OPEC that drove the price down for their own petro-political purposes, not the Americans who shot themselves in the foot with increased production. Idiot.
Jan 08th, 2015 - 10:40 am - Link - Report abuse 0
-+
pgerman
The FI oil industry won't be happy with this. On top of everuthing Argentina (and the rest of the Continent) is physically close but politically very far......
Jan 08th, 2015 - 04:51 pm - Link - Report abuse 0
-+
brucey-babe
Appreciate it if someone could pass this 'off topic' to gordo1 ta !

http://www.portsmouth.co.uk/news/local/stranded-cargo-ship-hoegh-osaka-freed-herself-and-started-moving-1-6507918
Jan 08th, 2015 - 05:36 pm - Link - Report abuse 0
-+
Hepatia
According to one industry news site only 5% of US shale holes are profitable at $50.
Jan 09th, 2015 - 03:33 am - Link - Report abuse 0
-+
Captain Poppy
and....according to thr rest of the industry news sources?

In a truly competitive market, the Saudis and other low-cost producers would always be pumping at maximum output, while shale shuts off when demand is weak and ramps up when demand is strong. This competitive logic suggests that marginal costs of U.S. shale oil, generally estimated at $40 to $50, should in the future be a ceiling for global oil prices, not a floor.

Read more: http://www.businessinsider.com/how-low-can-oil-prices-go-2015-1#ixzz3OL3O7gS6

All you OPEC losers, 120 oil is yesteryear.

With China's continued decline (SA is not the answer to China's collapse) there will be enough shale producers to keep oil low and low enough to keep Argentina importing and not producing.
Jan 09th, 2015 - 03:41 pm - Link - Report abuse 0
-+
Victor Laszlo
The USA, in the confident knowledge of future fracking reserves, has done a sneaky back-room deal with the Saudis, artificially collapsing the current oil-price. Both can ride out the storm whilst harming Russia, Venezuela and others thus maintaining the 'New World Order'.
Let us not forget where the profits from Iran etc are directed...

It's just politics, nothing to do with supply.

One positive outcome is the possible self-destruction of the Chavismo regime in Venezuela. Although the pain will be huge. I pity those ordinary people who will suffer, but it is the only way.
Sad, but true.
Jan 10th, 2015 - 01:24 am - Link - Report abuse 0
-+
Hepatia
http://en.mercopress.com/2015/01/08/top-five-factors-affecting-oil-prices-in-2015#comment374094: I have only seen the situation quantified in one publication but, WRT the others, I think it would be fair to say that the consensus is that the large majority of holes are unprofitable.

The PRC is not collapsing. It is only growing less rapidly than previously. This was always on the cards so nobody is surprised.

I appreciate that you Brits are obsessed by Argentina but I cannot see any logical reason why this should be so. The truth is that Argentina is a relatively unimportant country located at the southern end of the American continent. So, when I look at consequences of the current oil price, whether these include the necessity for Argentina to import oil or not does not rank very high in my mind. In the international context it is irrelevant. If you Brits really feel the need to obsess over a particular country, I think you should choose one in Asia or Africa because this would place the object of your fetish closer to the future center of gravity.
Jan 10th, 2015 - 03:27 am - Link - Report abuse 0
-+
yankeeboy
7. Reported GDP growth in China is a lie and it has been since they've been putting out numbers.
Its not 7 and it was never 10
Just wait until the banks collapse, the large gov't owned enterprises rely solely on bank loans, the large construction companies are already bankrupt again solely relying on bank loans, provincial down to local gov't are relying soley on bank loans, there are no assets to back these loans up.
Just wait its all about to come tumbling down and U$3T isn't near enough to fix it.
Jan 10th, 2015 - 12:16 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!