Category Archives: Oil

IEA Expects Slow Growth in Oil Demand

Posted on July 13, 2010 by Denis Ouellet

China’s thirst for oil does not look set to slow, as far as I can see. (…) In its first assessment of global oil trends next year, the Paris-based agency said it expects world oil demand in 2011 to grow … Continue reading →

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Tony Boeckh: Still Positive on Risk Assets

Posted on June 30, 2010 by Denis Ouellet

Tony Boeckh: The recovery is intact, but will slow significantly and remain uneven, with risks to the downside. with so many G20 countries with unsustainable fiscal positions, the risk of contagion is high. this is an untested economic environment with … Continue reading →

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Posted in COMMODITIES, CURRENCIES, Chinese Equities, ECONOMY, EQUITIES, Emerging Markets, GOLD, INFLATION/DEFLATION, INTEREST RATES, INVESTING, Natural Gas, Oil, Tony Boeckh, US equities, bonds | Leave a comment

IEA Is More Optimistic on Oil Supply

Posted on June 23, 2010 by Denis Ouellet

(…) The report paints a picture of the global oil system that is, in the short term, expected to be under slightly less pressure as far as supply and demand go, but still faces longer-term problems that many oil traders … Continue reading →

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Backlash Against Oil Could Backfire

Posted on June 21, 2010 by Denis Ouellet

(…) Is a prolonged backlash against offshore drilling in the offing? Deutsche Bank says oil from deepwater fields rose to 7.8% of global supply in 2010 from 2.2% in 2000. Moreover, two of the biggest deepwater regions, the Gulf and … Continue reading →

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Now May Be the Time to Buy the Euro: Jim Rogers

Posted on June 10, 2010 by Denis Ouellet

Everybody is so bearish about the euro that it looks like now is a good time to buy the single European currency, famous investor Jim Rogers told CNBC Thursday. Rogers’ long-term bet is on commodities, as he predicts that governments … Continue reading →

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Oil To Climb Back to $78

Posted on May 20, 2010 by Denis Ouellet

Dennis Gartman: A narrower contango has in the past always been a signal for a turn in the market to higher prices, and we have tended to watch for that sort of action to prove when turning points are upon … Continue reading →

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IEA Cuts World Oil-Demand Forecast

Posted on May 12, 2010 by Denis Ouellet

(…) the IEA said it expects total crude demand globally this year to average 86.38 million barrels a day, representing a 220,000 barrel-a-day downward revision from April and growth of 1.9%, or 1.6 million barrels a day, from 2009. Iran … Continue reading →

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CHINESE CAR SALES UP 40% YoY IN APRIL

Posted on May 7, 2010 by Denis Ouellet

Production declined 9.8% from March but inventories are quite low. Production should accelerate soon. Sales of domestically made vehicles (excluding exports) hit 1.39 million in April, up 9.8 percent from March and 40 percent from the same period last year, … Continue reading →

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Posted in ***CHINA WATCH, COMMODITIES, China economy, Oil, automobiles | Leave a comment

CHINESE OIL DEMAND UP 12.8% IN MARCH

Posted on April 21, 2010 by Denis Ouellet

China’s demand for oil rose 12.8 percent in March. Apparent oil demand rose to 8.12 million barrels per day over the year ago March according to an analysis of official data by Platts, the energy information arm of McGraw-Hill Cos. … Continue reading →

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CHINA CAR SALES UP 56% IN MARCH

Posted on April 9, 2010 by Denis Ouellet

Auto sales in China jumped 56% from a year earlier to a new monthly record of 1.74 million vehicles according to the WSJ. Car sales have exploded to 2.88 million units in the first two months of the year, up … Continue reading →

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Posted in ***CHINA WATCH, COMMODITIES, China Manufacturing, China economy, ECONOMY, MANUFACTURING, Oil, automobiles | Leave a comment

China invited to join IEA as oil demand shifts

Posted on March 31, 2010 by Denis Ouellet

The IEA counts as its members 28 countries of the OECD and for much of the group’s near 40-year existence these countries were also the world’s largest oil consumers. But OECD demand for oil is shrinking as environmental policies and … Continue reading →

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China Expects 5% Growth in Oil Imports in 2010

Posted on March 23, 2010 by Denis Ouellet

China’s net oil imports are expected to total 210 million tons this year, National Energy Administration (NEA) said Monday. The volume would be about 11 million tons, or 5.5 percent, higher that last year, said Huang Li, vice director of … Continue reading →

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