Tight physical market points to higher oil prices. Link to Tsvetana Paraskova. I wasn't going to link this article -- it didn't seem to offer anything new but then deep into the article, this surprise:
The premiums for the Forties and Ekofisk grades from the North Sea are at their highest in two years. The prices of crude grades from West Africa have also jumped amid low Libyan supply in recent weeks. The Bakken crude from North Dakota is also trading at its highest level compared to benchmarks in nearly two years, according to Bloomberg’s estimates.
Just wait until they shut down the DAPL if they want to see price of oil jump. LOL.
Breaking news, White House spokesperson: we still have tools at our disposal to deal with rising oil prices and will engage OPEC as needed. Meanwhile, the permits on pipelines remain pulled and further leasing on federal land remains off-limits. ************************************
Better Than Throwing Trash
Better Than Throwing Trash
At The Referees, I Suppose
This took place in October, 2021. See if you spot the obvious.
One thing led to another and before I knew it, I was here:
It is amazing Sara Bareilles found time to do this.
This line has not changed for weeks.
ReplyDeleteI used to think $50 - $60 was a nice spot for both producers and consumers, but now, with inflation, $75 - $85 seems about right. And I'm no longer concerned that the price of oil will get out of hand: the White House has repeatedly said its monitoring the situation and ready to engage OPEC again.
ReplyDelete