BIG #Banks and #Traders Call #Oil at $200 by End-2022

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Top Oil Traders See Oil Topping $200 By End-2022

By Irina Slav - Mar 24, 2022,

• A number of big oil traders now predict crude to trade at more than $200 per barrel by the end of 2022.
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• Doug King, the chairman of RCMA Group even sees crude at $250 by year's end.
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• Most $200 oil predictions are factoring in a significant loss of supply from Russia.

 

Some of the world’s biggest oil traders expect oil prices to exceed $200 per barrel by the end of the year, the Financial Times reported, citing opinions shared at its Commodity Global Summit this week.

“Wakey, wakey. We are not going back to normal business in a few months,” said Pierre Andurand, who has been super bullish on oil for a while. “I think we’re losing the Russian supply on the European side forever.”

The hedge fund manager first made his $200-per-barrel forecast earlier this month, saying that producers ranging from African members of OPEC+ to the U.S. shale patch will struggle to replace the Russian crude going off the market.

Yet Andurand is neither the only superbull nor the biggest one. Doug King, the chairman of RCMA Group, told the FT that crude oil could top $200 and reach $250 by the end of the year.

“This is not transitory. This is going to be a crude supply shock,” King told the FT summit.

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BofA Sees $200 Barrel Oil

Today's Top #Energy #Headlines - March 13, 2022

 

OIL MARKETS FACE -UNKNOWN, UNKNOWNS- TREPIDATIONS

March 13, 2022

In the Know, Ahead of Markets, Deciding Wisely...'

• Oil settles up but posts biggest weekly decline since Nov
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• Supply Uncertainty Keeps Oil Markets On Edge

• Column: Global diesel shortage raises risk of oil price spike

• November Non-OPEC Oil Production Ticks Up

Such Ups And Downs

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• EXCLUSIVE BP, Eni clinch deal on Angola joint venture
• Iran Nuclear Talks Suspended as Window Closes on Key Deal
• Iran nuclear talks are halted after new Russian demands related to Ukraine
• Libyan Oil Under Threat As Militias Amass In Tripoli
• Nigeria: Airlines Groan as Scarcity of Aviation Fuel Bites Harder
• Russia seeks Indian investment in its oil and gas sector
• Easter Island at Risk From Rising Seas, Extreme Weather
• Venezuela could add 400,000 bpd to oil output if U.S. approves licenses -petroleum chamber
• Coal still at heart of China energy strategy after parliamentary gathering
• China daily local COVID cases hit two-year high of over 1,500
• California Gasoline Hits Unwelcome Mark With Fastest Run-Up Ever
• U.S. Sea Levels to Rise at a Faster Pace Than in Past 100 Years
• G7 moves to end normal trade relations with Russia
• Yellen says gas tax cut among options to ease higher costs at the pump
• U.S. drillers add oil and gas rigs for ninth time in 10 weeks -Baker Hughes
• EXCLUSIVE Canada looking at boosting oil pipeline flows to U.S. -minister
• Russia’s attack on Ukraine halts half of world’s neon output for chips
• Biden, G7 hit Russian trade in latest Ukraine retaliation
• Countries and companies shun Russian crude over Ukraine invasion
• Deutsche Bank Joins Peers in Winding Down Operations in Russia
• What LNG Can and Can’t Do to Replace Europe’s Imports of Russian Gas
• Stocks Turn Lower to Finish the Week
• Russia is turning to China to survive sanctions amid invasion of Ukraine, but it won’t be easy
• War in Ukraine is driving up food prices in those countries that depend on Black Sea grains and oils – The Washington Post
• Credit Suisse To Halve Fossil Fuel Funding

Top #Energy #Headlines - March 10, 2022

 

Today's Top Energy Headlines 

March 10, 2022

' In the Know, Ahead of Markets, Deciding Wisely...'

 

• Oil rises towards $130 as Russian crude struggles to find buyers
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• Global diesel prices soar as bans on Russian supplies add to tightness
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VERY BAD NEWS CHARTS

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• Large Draw In Distillate Inventories Lifts Oil Prices
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• IEA says it will draw up plan to cut oil usage as prices surge

HUGE CRISIS COMING

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• World Bank official says war-driven oil price hikes to slash growth for big importers
• Hundreds of Ships Trapped by Ukraine War, Endangering Sailors and Global Trade
• Loss of Russian Oil Leaves a Void Not Easily Filled, Straining Market
• War In Ukraine Leads To Full-Scale Commodities Melt-Up
• FUJAIRAH DATA: Oil product stockpiles fall after record decline in middle distillates
• Spotlight falls on natural gas amid energy transition debate – and geopolitics
• Global energy-related CO2 emissions rose to record high in 2021-IEA
• Turkey has no plans to cut Russian oil buys, welcomes Iran supply -minister
• Saudi Arabia Reaffirms Commitment To Russia Despite War In Ukraine
• Kazakhstan Braces For Economic Fallout From War In Ukraine
• Uncertainty deepens after landmark ruling against Kurdistan’s oil sector
• Venezuela frees two Americans after talks with U.S.
• Australia declares east coast floods a national emergency
• China unsettled by Ukraine, but don’t underestimate Xi’s Taiwan resolve -CIA head
• Food Protectionism Grows as Indonesia Curbs Palm Oil Exports
• Wild Ride in China Stocks Triggers Memories of 2018 Meltdown
• China Clean Energy Giants Poised to Help EU Ditch Russian Fuel
• Russia Sanctions Intensify Calls for Myanmar Fuel Ban—‘If The Jets Can’t Fly, They Can’t Bomb’ –
• Ukraine war likely to influence China on Taiwan, US intelligence chiefs say
• Hong Kong’s covid outbreak has spiraled out of control, and the elderly are dying in droves
• CHINA DATA: Independent refineries’ feedstock imports fall 20% on month in Feb
• Chinese firms that aid Russia may be cut off from U.S. equipment -commerce secretary
• Rental car giants embark on electric after pandemic bonanza
• Gas leak spurs evacuation at ConocoPhillips field in Alaska
• U.S. LNG exporters emerge as big winners of Europe natgas crisis
• Four in five Americans support end to U.S. imports of Russian energy -Reuters/Ipsos
• U.S. not pressuring allies to ban Russian oil imports -energy secretary
• Short-Term Energy Outlook
• US natural gas inventories draw forecast to double last year’s rate: survey
• Global LNG demand growth shifts from Asia to Europe on Russia sanctions
• Western economies on brink of recession as Russia sanctions escalate: Kemp
• U.S. sanctions on Russian oil to leave more cargoes at sea with no buyers
• Russia’s Gazprom continues gas shipments via Ukraine at same level
• Will Russian Bonds Default? There’s Debate About That
• Europe Gas Drops as Traders Weigh Potential of Russian Flow Cuts
• Europe Is on a Wartime Mission to End Its Addiction to Russian Fossil Fuel
• How to Persuade Europeans to Shun Russian Fossil Fuels
• U.N. Atomic Agency No Longer Receiving Monitoring Data From Chernobyl
• NATO Members Mount Huge Operation to Resupply Ukrainian Fighters
• Russia’s techies flee country they fear is ‘flying into an abyss’
• EU struggles to deepen unity on defense and energy
• War in Ukraine: Fitch Ratings warns Russian bond default ‘imminent’
• Europe Is Rushing To Overhaul Its Energy Security Strategy
• Putin Signs Decree To Ban Exports Of Raw Materials, Commodities
• European industry groups applaud EC plan on accelerated renewable gas build-out
• UK To Phase Out Russian Oil Imports By End Of 2022  

#Energy Markets Extremely #Volatile and #Uncertain

 

One Of The Wildest Weeks In Modern History For Oil Markets

Oilprice.com

Investment Opportunity & Strategic Energy Investment

Oil markets experienced one of the most volatile weeks in recent history, and there is no sign of things slowing down anytime soon. Russia's invasion of Ukraine is only intensifying, a nuclear deal with Iran is reportedly days away from being confirmed, and Libya has found itself once again on the brink of civil war.

Oilprice Alert. To read what Oilprice.com's geopolitical and trading experts have to say about Russia's invasion of Ukraine, make sure you sign up for Global Energy Alert and read this week's communique in the Members Section.

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More Wild wild west ahead?

Today's Top #Energy #Headlines - March 4, 2022

 Today's Top Energy Headlines 

March 4, 2022

' In the Know, Ahead of Markets, Deciding Wisely...'

• Crude oil higher as traders avoid Russian Urals
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• Oil Prices Top $115, Stock Futures Wobble Amid Ukraine Crisis
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• Oil Tops $114 as Shunned Russian Barrels Leave Hole in Market

Other Top Headlines Not Linked

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• Oil prices hit multi-year highs as U.S. sanctions target Russian refiners
• Market Panic Is Here
• COMMODITIES Aluminium hits record top; oil, wheat at multi-year highs on supply woes
• Explainer: Why $100 oil could hurt the energy transition more than it helps
• Climate Responses That Backfire Are a Growing Problem, IPCC Says
• The Gulf’s Largest Economy Is Taking Advantage Of Triple Digit Oil Prices
• Iraq’s February oil exports rise
• Africa: Rising Fuel Costs Are Crippling Africa’s Economies
• Nigeria: Fuel – Scarcity Chokes Enugu, Abuja, Lagos, Others
• Can Guyana Unlock Its True Energy Potential?
• Latin America slows oil product tendering as prices hit 9- to 13-year highs
• Philippines approves revival of nuclear power to help replace coal
• Australia aids allies seeking to replace Russian coal
• China Looking to Reduce Social Cost of Covid Zero, Official Says
• How Will China Relax Its Zero-Covid Grip? With Bubbles, Drugs and New Messaging
• Why China Should Want Russia’s Invasion To End
• China likely to lift March gasoline, gasoil outflows as export margins rise
• Asian buyers grapple for wheat supply amid Russia-Ukraine conflict
• Half a million Australians face flood evacuation orders
• China Moves to Secure Commodities Rocked by Ukraine War
• U.S. weighs sanctions on Russia energy flows, but time is not ‘right now’
• U.S. hits Russian oil refining sector, slaps export curbs on Belarus
• ExxonMobil leans on Permian, Guyana for major production growth
• Ford Creates Separate EV, Gas-Engine Divisions in Major Overhaul
• The U.S. Is “Very Open” To Sanctioning Russian Oil And Gas
• Germany mulls supplying anti-aircraft missiles to Ukraine – source
• Russia-China Trade Stifled by Yuan’s Surge Against Ruble
• The Default Question Hangs Over Russia’s Frozen Bond Market
• Europe Can Survive Next Winter Without Russian Gas
• Russian Oil & Gas Giants Lose 95% of Their Market Cap On London Exchange
• Ukraine War Could Wipe Out 1 Million Bpd In Local Oil Demand
• Italy Halts Funding For $21 Billion Arctic LNG 2 Project
• Russia Fails To Meet OPEC+ Quota Again Despite Rising Oil Production
• UK LNG Workers Call On Government To Stop Inbound Russian Tankers

Big #Bankers #Fear HUGE Surge in #Oil Prices - Here Comes #Hyperinflation

 

$115 oil is coming very soon, Goldman Sachs warns

From CNN Business' Matt Egan

Oil prices are likely to spike to $115 a barrel in the coming weeks and other major commodities like wheat, palladium and European natural gas will rise sharply in the aftermath of Russia’s invasion of Ukraine, Goldman Sachs said Sunday evening.

The Goldman Sachs call specifically cited new sanctions levied by the West on Russia in recent days aimed at punishing Moscow for the war.

“The hurdles that these sanctions will create for financial payments are likely to exacerbate the recent Russian commodity supply shock, already visible as Western and Chinese traders halting shipments,” Goldman Sachs economists wrote. “Barring a breakthrough in peace negotiations, we believe this leaves commodity prices having to rally sharply as we see demand destruction now the only significant remaining balancing mechanism.”

Oil prices have soared to seven-year highs in recent days due to concerns about a disruption in supply from Russia, the world’s No. 2 producer of oil.

Goldman Sachs is now raising its one-month Brent price forecast to $115 a barrel, compared with $95 previously. Brent crude, the world benchmark, spiked to nearly $106 a barrel last week before cooling off a bit. In recent trading on Monday, Brent was up 2.7% to $100.59 a barrel.

(Editor's Note: There are too many variables in the market to make an accurate prediction but don't be surprised if prices at the end pump double over the next year.  On top of the political mess, at the end of the day, we could run out of oil in 15-20 years and prices could climb well past $500 bringing us into a Brave New World.  So enjoy while you still can.)

TODAY"S TOP #ENERGY #HEADLINES - March 1, 2022

 TODAY'S TOP ENERGY HEADLINES 

    ' In the Know, Ahead of Markets, Deciding Wisely...'

March 1, 2022

Editor's Comments

There is little doubt that oil and energy markets are in disarray and prices are bound to rocket upwards causing harsh inflationary pressures and more increases in interest rates. Valuations are going to experience a downward draft that will be unprecedented and you can expect market corrections in real estate, stocks and currencies to approach or exceed 50%.

That's just simple present value mathematics applied to cash flows over 25-30 years and ties back to the first principle of the universe and time -

YOU CAN NEVER DEFEAT APPLIED MATHEMATICS

• Oil soars as sanctions and pressures on Russia mount
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• Oil Soars as More Sanctions on Russia Spur Energy Crisis Fears
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• Russia’s Ruble, Financial Markets Are Hammered by Sanctions
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• Behind the Sweeping Russia Sanctions: Zelensky’s Plea and a Mounting Crisis
• Climate Change Is Harming the Planet Faster Than We Can Adapt, U.N. Warns
• Supreme Court Will Hear Biggest Climate Change Case in a Decade
• Putin’s War In Ukraine Could Break The OPEC+ Alliance
• Suez Canal Authority to raise transit fees by 5%-10% for tankers from March 1
• Saudi crown prince says kingdom still committed to OPEC+ oil agreement with Russia
• Could Russia’s Invasion Of Ukraine Spark Another Arab Spring?
• Iraq Shuts Down Two Oil Fields, Further Curtailing OPEC Output
• Economists say higher oil prices pose further risk to India’s growth momentum
• India to Ship Record Wheat as Ukraine Crisis Upends Trade Flows
• China sees biggest growth in energy and coal use since 2011
• Asian buyers shun Russian commodities as payment concerns mount
• Goldman Raises U.S. Inflation Forecasts, Sees More Hikes in 2023
• U.S. Looks to Make China Pay for Close Ties to Russia in Ukraine Crisis
• $125 Oil Could Push The U.S. Into A Recession
• Biden Is Ready To Bet Big On Nuclear Energy
• Pressure grows on US, EU to target Russian energy exports as sanctions escalate
• European Industry Faces Shrink or Shut Decisions on Energy Pain
• Why the Black Sea Matters to Commodity Markets
• BP to Exit Rosneft Stake and May Take a $25 Billion Hit
• Traders Balk at Russian Wheat as Largest Buyer Chases Supply
• Exxon’s Bank in Russia Among Those Hit by Sanctions Over Ukraine
• Europe and Canada move to close skies to Russian planes
• Russia hikes rates, introduces capital controls to defend against sanctions
• BP exit opens new front in West’s campaign against Russia
• EU to activate power grid emergency synchronisation with Ukraine – Simson
• Orsted sticks to Gazprom deal but halts Russian coal, biomass purchases
• Germany aims to get 100% of energy from renewable sources by 2035
• Russian oil output edges up to 11.05 mln bpd in Feb -sources
• Germany mulls extending nuclear plants’ life-span – economy minister
• Nuclear, coal, LNG: ‘no taboos’ in Germany’s energy about-face
• Norway Decides to Drop Russia From $1.3 Trillion Wealth Fund
• Ruble Plunges 30% as Markets Briefly Freeze on Sanctions Stress
• LNG Buyers Pause Purchases From Russia on Sanction Uncertainty
• EU Could Survive Without Russian Gas Next Winter, Study Says
• Germany May Extend Coal Use to Replace Russian Gas
• Europe welcomes Ukrainian refugees — others, less so
• The Case for the EU Cutting Off Its Russian Gas Supply Now
• Invasion Puts Ukraine’s Nuclear Reactors at Risk, Monitors Warn
• Germany does ‘180-degree turn’ in defence policy following Russian aggression
• TSMC and other chipmakers begin halting semiconductor deliveries to Russia
• Germany to review nuclear exit, reactor extensions into 2023 ‘unlikely’
• Russian Energy Reliability Now a Market Driver

TODAY'S TOP #ENERGY #HEADLINES -February 22, 2022

 ' In the Know, Ahead of Markets, Deciding Wisely...'

February 22, 2022

Editor's Comments

Now, what should we be worried about these days?

Here's a shortlist: 

1 - Nuclear war

2 - Deadly Pandemics

3 - Sixth extinction

4 - Climate Change

5 - Global Economic and Civilization Collapse

6 -  Famine and Pestilence

7 -  Resource Depletion and Degradation

Did we miss anything? What about the root cause; overpopulation and entropy?

Hopefully, I guess that is it for now as the only things that seem to be missing are large asteroids headed our and mean invading aliens...  

T A McNeil

CEO Founder

First Financial Insights

TODAY'S TOP ENERGY HEADLINES

Who Blinks First?

• Oil Posts First Weekly Loss Since December as Rally Cools Off
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• Crude oil futures ease further as risk-off mood lingers
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• Oil Down this Week with Increased Geopolitical Tensions

Other Headlines Not Linked

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• Climate Change Is Seen as Most Worrying Threat to World Security
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• Iran Rises Above Russia On The Oil Market Radar
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• Iraq’s January oil output down by 160,000 bpd
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• China Says the Winter Olympics Are Carbon Neutral. They Aren’t
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• Frackers Hold Back Production as Oil Nears $100 a Barrel
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• Column: U.S. gas stocks need big rebuild ahead of next winter:

• California Is So Parched That It Just Recorded Its Driest January Since 1984
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• Frackers Hold Back Production as Oil Nears $100 a Barrel
• Not Even $200 Oil Will Make Shale Giants Drill Aggressively
• The U.S. Will Be A Net Oil Importer In 2022
• The Oil And Gas Rig Count Continues To Soar
• Los Angeles Looks To Launch Massive Hydrogen Network
• Cash Waha Hub falls as Permian gas production climbs to new record high
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• U.S. Is Exporting Every Molecule of LNG Possible
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• Gazprom deliveries at lowest level over last 6 months, von der Leyen says
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• Any EU sanctions on Russia should not hit energy -Draghi
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• Europe Is Running Out Of Space For LNG
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• More Bad News For European Energy Markets As French Nuclear Generation Drops

TOP DAILY #ENERGY #HEADLINES - February 10, 2022

' In the Know, Ahead of Markets, Deciding Wisely...'

EDITOR'S COMMENTS

Oil prices have settled in to take a breather but it may not last long as demand remains strong while there are no significant supply additions on the horizon. Oil prices per se may not have a significant impact on inflation- but don't be fooled as energy costs affect everything in the economy and its supply chains. (transportation, plastics, fertilzers, pharmaceuticals, and so on.)

At the same time, other agricultural and mineral prices are rising due to shortages - creating a perfect storm of factors that could cause a jump in inflation to 7.5% or more.  Consumers are already under stress as more than 60% are having a hard time making ends meet.

The road ahead looks pretty bumpy, to say the least

T.A McNeil

Founder CEO

First Financial Insights

• Short-Term Energy Outlook

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• Analysis: After oil, gas and coal, global fuel shortage spreads to diesel
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• JPMorgan: Oil Could Easily Hit $120 If Russia-Ukraine Tensions Escalate

OTHER HEADLINES OF NOTE

(Not linked)

• Iraq may import Qatari gas in 15 months if talks, infrastructure finalized
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• Guyana’s Oil Production To Increase Three-Fold Next Month
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• India’s Crude Demand Is Rising Despite High Oil Prices
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• US inflation might have hit a new 40-year high in January
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• $90 Oil Offers The Best-Ever Economics For U.S. Shale
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• New Breakthrough Could Speed Up Nuclear Fusion Development

IF YOU WANT TO LEARN MORE ABOUT THE ABOVE JUST COPY AND PASTE TO GOOGLE SEARCH

British scientists make nuclear fusion breakthrough