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Kevin Stecyk
A guy who enjoys investing, physical fitness, and photography.
A guy who enjoys investing, physical fitness, and photography.
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After celebrating his eighteenth birthday in March, Cazador passed away on April 11, 2018. In the photograph, taken a day before he passed away, you can see the intravenous line that went into his back for his subcutaneous fluids. He had kidney disease,…
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My expectation for West Texas Intermediate oil prices will be bound between $60 and $70 over the next several weeks. From last month, I increased the upper end from $67.50 to $70. My reasons for the increase are changes in the Trump administration, namely…
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I am updating my WTI oil price expectations for the next several weeks to range between $50.00–$57.50 per barrel. The bottom oil-price limit is higher because geopolitical uncertainties have likely created a floor near $50 per barrel. The geopolitical…
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With the recent release of the US Energy Information Administration’s Short Term Energy Outlook, I have revised downward my forecast for WTI oil price to between $45 and $55 per barrel for the next several weeks, until midsummer. The reason for lowering…
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With WTI prices briefly spiking below $44 per barrel, May was an exciting month for oil prices. Even though prices dipped further than I expected, I remain optimistic and expect oil prices to generally be bound by $50 and $60 per barrel for the next few…
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As I expected, oil prices have remained relatively range bound in the mid-$50 range. I continue to expect this range to hold for the next few weeks. At these prices, many are concerned that increased drilling for shale oil production will offset the…
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Those of us who follow oil know that at the end of November, OPEC will hold a meeting and will decide whether to follow through on its Algiers commitment to reduce member’s oil production. Most articles in the major financial newspapers indicate that many…
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Good, thoughtful and proactive article on how the use of technology is a barrier to effective communication.
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Saudi oil min says ready to raise output if new clients emerge

Reuters article Saudi oil min says ready to raise output if new clients emerge:

Dec 22 (Reuters) - Saudi Arabia is prepared to increase its oil output and claim a bigger market share to meet the demands of any new customers, Monday's edition of the Saudi-owned al-Hayat newspaper quoted the kingdom's oil minister as saying.

Asked if Saudi Arabia wanted to maintain a market share of 9.7 million barrels per day, Ali al-Naimi told the newspaper: "Yes, unless a new client comes along and then we may increase it."

#oil #oilprices  
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Where is the Floor Price

When Saudi price cut was announced, the first reaction was a rapid rise in oil prices and oil stock prices. And, then a short period later, both tanked. My own _guess_ is that WTI prices will stay in the $70s to low $80s for a substantial period, say at least six months.  


#oil #oilprice  
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