oil prices

ART BERMAN NEWSLETTER: JULY 2021 (2021-6)

July 6, 2021
Posted by: Art Berman
Category: Newsletter

When Jeff Currie says that $4 or $5 gasoline is not a problem because the economy is strong, I’m sure he’s right for Goldman Sachs’ clients. I doubt he talks to the second economy in the UK where he works. I wonder if his company isn’t already shorting oil.

The Decline and Fall of the Bakken: The Red Queen Collapses

July 28, 2020
Posted by: Art Berman
Category: The Petroleum Truth Report

4 Comments

Decreasing EUR and b-exponents in the Bakken are because the sweet spot or core area has reached full development. More wells are now being drilled outside the core.

Saudi Arabia Thinks OPEC+ Is Central Bank of Oil—Fire The Banker!

July 15, 2020
Posted by: Art Berman
Category: The Petroleum Truth Report

3 Comments

OPEC+ has done a dreadful job of managing world oil markets over the last three-and-a-half years.

Art Berman Newsletter: June 2020 (2020-5)

July 6, 2020
Posted by: Art Berman
Category: Newsletter

No Comments

I expect that $40 to $45 will be the WTI price range for the rest of 2020 barring a serious supply interruption.

Why Is Anyone Celebrating $33 Oil?

May 18, 2020
Posted by: Art Berman
Category: The Petroleum Truth Report

3 Comments

I don’t know about you but I’m going to leave the champagne in the refrigerator for awhile.

Art Berman Newsletter: April 2020 (2020-3)

May 6, 2020
Posted by: Art Berman
Category: Newsletter

6 Comments

Much lower oil prices are inevitable in all scenarios once the false optimism of the present oil rally is recognized.

Saudi Oil-Price Blunder: Tipping Point for a Global Depression

March 17, 2020
Posted by: Art Berman
Category: header-menu

30 Comments

Saudi Arabia has repeated the blunder it made in November 2014 by increasing oil production during an oil-price collapse. In 2014, it led to a depression in the oil industry. This time, it may be the tipping point for a global economic depression.