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Oil Prices Rise; Mexican Collapse

It’s good to see oil prices on the rebound – up over $48 per barrel as of mid-day Monday. That’s an eight-week high and attributable to OPEC’s apparent decision to tighten oil supply by cutting off an additional 800,000 barrels...

Published 03-09-2009 4:31 PM by Bret Boteler

Filed under: Bret Boteler, oil prices, OPEC

China Stockpiling Oil; OPEC Cuts Forecast

There’s a lot happening in the oil market this week so let’s get straight to it. China syndrome -- China is the latest government to stockpile oil inventories – buying up millions of barrels of oil at cheaper prices and storing them...

Published 02-16-2009 3:40 PM by Bret Boteler

Filed under: Bret Boteler, oil prices, OPEC, China, oil markets

Where Exxon Goes, So Goes the Oil Market?

I don’t write about oil stocks all that much, but it’s earnings season, and some of the big boys are clocking in with profit numbers. The impact those numbers have could reverberate onto the profit pictures of oil drilling and oil refining...

Published 02-02-2009 5:45 AM by Bret Boteler

Filed under: Bret Boteler, oil prices, OPEC, Wall Street, stock buybacks

Bottom’s Up: Oil Prices Show Signs of Stability, Rebound

I wrote last week how Morgan Stanley had an epiphany of sorts, in buying 2 million barrels of oil at a (seemingly) bargain basement price, and then storing its stash of crude on an oil supertanker off the Gulf of Mexico. The idea is to buy in bulk while...

Published 01-26-2009 2:15 PM by Bret Boteler

Filed under: Bret Boteler, oil prices, OPEC

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Oil Prices Rise; Mexican Collapse

China Stockpiling Oil; OPEC Cuts Forecast

Where Exxon Goes, So Goes the Oil Market?

Bottom’s Up: Oil Prices Show Signs of Stability, Rebound