{"id":3871,"date":"2016-11-30T17:31:31","date_gmt":"2016-11-30T11:31:31","guid":{"rendered":"https:\/\/www.ctrmcenter.com\/?p=13396"},"modified":"2016-11-30T17:31:31","modified_gmt":"2016-11-30T11:31:31","slug":"the-oil-price-dance","status":"publish","type":"post","link":"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/","title":{"rendered":"The Oil Price Dance"},"content":{"rendered":"

Am I the only one that seems a bit puzzled over oil prices? As the chances for an OPEC agreement on production oscillates between they will or they won’t, the oil price gyrates in step with sentiment on the outcome of the meeting. For everyone in the Commodities industries, higher prices wouldn’t hurt. However, I think the speculators have got it wrong. While all of the noise is about OPEC’s attempt to manipulate prices by limiting output (and people complain about market manipulation by speculators etc.!), I am also reading plenty of articles in which it appears as if the world is awash with crude oil and that US and non-OPEC production will actually continue to rise. So what is it I am missing? All I see is oversupply and more oversupply for some time to come. Today, I read a Reuters story in which the case was made that OPEC’s war on shale oil has backfired on them. In fact, is has simply made the industry more resilient and more capable. “In shale fields from Texas to North Dakota, production costs have roughly halved since 2014, when Saudi Arabia signaled an output free-for-all in an attempt to drive higher-cost
\nThe post The Oil Price Dance<\/a> appeared first on CTRM Center<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Am I the only one that seems a bit puzzled over oil prices? As the chances for an OPEC agreement on production oscillates between they will or they won’t, the oil price gyrates in step with sentiment on the outcome of the meeting. For everyone in the Commodities industries, higher prices wouldn’t hurt. However, I think the speculators have got it wrong. While all of the noise is about OPEC’s attempt to manipulate prices by limiting output (and people complain about market manipulation by speculators etc.!), I am also reading plenty of articles in which it appears as if the world is awash with crude oil and that US and non-OPEC production will actually continue to rise. So what is it I am missing? All I see is oversupply and more oversupply for some time to come. Today, I read a Reuters story in which the case was made that OPEC’s war on shale oil has backfired on them. In fact, is has simply made the industry more resilient and more capable. “In shale fields from Texas to North Dakota, production costs have roughly halved since 2014, when Saudi Arabia signaled an output free-for-all in an attempt to drive higher-cost<\/a>
\nThe post The Oil Price Dance<\/a> appeared first on CTRM Center<\/a>.<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"yoast_head":"\nThe Oil Price Dance | Commodity Technology Advisory<\/title>\n<meta name=\"description\" content=\"Am I the only one that seems a bit puzzled over oil prices? As the chances for an OPEC agreement on production oscillates between they will or they won’t, the oil price gyrates in step with sentiment on the outcome of the meeting. For everyone in the Commodities industries, higher prices wouldn’t hurt. However, I think the speculators have got it wrong. While all of the noise is about OPEC’s attempt to manipulate prices by limiting output (and people complain about market manipulation by speculators etc.!), I am also reading plenty of articles in which it appears as if the world is awash with crude oil and that US and non-OPEC production will actually continue to rise. So what is it I am missing? All I see is oversupply and more oversupply for some time to come. Today, I read a Reuters story in which the case was made that OPEC’s war on shale oil has backfired on them. In fact, is has simply made the industry more resilient and more capable. “In shale fields from Texas to North Dakota, production costs have roughly halved since 2014, when Saudi Arabia signaled an output free-for-all in an attempt to drive higher-cost The post The Oil Price Dance appeared first on CTRM Center.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Oil Price Dance | Commodity Technology Advisory\" \/>\n<meta property=\"og:description\" content=\"Am I the only one that seems a bit puzzled over oil prices? As the chances for an OPEC agreement on production oscillates between they will or they won’t, the oil price gyrates in step with sentiment on the outcome of the meeting. For everyone in the Commodities industries, higher prices wouldn’t hurt. However, I think the speculators have got it wrong. While all of the noise is about OPEC’s attempt to manipulate prices by limiting output (and people complain about market manipulation by speculators etc.!), I am also reading plenty of articles in which it appears as if the world is awash with crude oil and that US and non-OPEC production will actually continue to rise. So what is it I am missing? All I see is oversupply and more oversupply for some time to come. Today, I read a Reuters story in which the case was made that OPEC’s war on shale oil has backfired on them. In fact, is has simply made the industry more resilient and more capable. “In shale fields from Texas to North Dakota, production costs have roughly halved since 2014, when Saudi Arabia signaled an output free-for-all in an attempt to drive higher-cost The post The Oil Price Dance appeared first on CTRM Center.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/\" \/>\n<meta property=\"og:site_name\" content=\"Commodity Technology Advisory\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CommodityTechnologyAdvisory\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-30T11:31:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gary Vasey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@comtechadvisory\" \/>\n<meta name=\"twitter:site\" content=\"@comtechadvisory\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gary Vasey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/\"},\"author\":{\"name\":\"Gary Vasey\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#\/schema\/person\/7bbe28e59e09a076a043cc6838fcedb4\"},\"headline\":\"The Oil Price Dance\",\"datePublished\":\"2016-11-30T11:31:31+00:00\",\"dateModified\":\"2016-11-30T11:31:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/\"},\"wordCount\":218,\"publisher\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/#organization\"},\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/\",\"url\":\"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/\",\"name\":\"The Oil Price Dance | Commodity Technology Advisory\",\"isPartOf\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/#website\"},\"datePublished\":\"2016-11-30T11:31:31+00:00\",\"dateModified\":\"2016-11-30T11:31:31+00:00\",\"description\":\"Am I the only one that seems a bit puzzled over oil prices? 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In fact, is has simply made the industry more resilient and more capable. “In shale fields from Texas to North Dakota, production costs have roughly halved since 2014, when Saudi Arabia signaled an output free-for-all in an attempt to drive higher-cost The post The Oil Price Dance appeared first on CTRM Center.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.comtechadvisory.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Oil Price Dance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#website\",\"url\":\"https:\/\/www.comtechadvisory.com\/\",\"name\":\"Commodity Technology Advisory\",\"description\":\"CTRM Market Insights\",\"publisher\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.comtechadvisory.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#organization\",\"name\":\"Commodity Technology Advisory\",\"url\":\"https:\/\/www.comtechadvisory.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.png\",\"contentUrl\":\"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.png\",\"width\":700,\"height\":700,\"caption\":\"Commodity Technology Advisory\"},\"image\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/CommodityTechnologyAdvisory\",\"https:\/\/twitter.com\/comtechadvisory\",\"https:\/\/www.linkedin.com\/company\/2980731\",\"https:\/\/www.youtube.com\/user\/Comtechadvisory\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#\/schema\/person\/7bbe28e59e09a076a043cc6838fcedb4\",\"name\":\"Gary Vasey\",\"url\":\"https:\/\/www.comtechadvisory.com\/author\/garymvasey\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Oil Price Dance | Commodity Technology Advisory","description":"Am I the only one that seems a bit puzzled over oil prices? As the chances for an OPEC agreement on production oscillates between they will or they won’t, the oil price gyrates in step with sentiment on the outcome of the meeting. For everyone in the Commodities industries, higher prices wouldn’t hurt. However, I think the speculators have got it wrong. While all of the noise is about OPEC’s attempt to manipulate prices by limiting output (and people complain about market manipulation by speculators etc.!), I am also reading plenty of articles in which it appears as if the world is awash with crude oil and that US and non-OPEC production will actually continue to rise. So what is it I am missing? All I see is oversupply and more oversupply for some time to come. Today, I read a Reuters story in which the case was made that OPEC’s war on shale oil has backfired on them. In fact, is has simply made the industry more resilient and more capable. “In shale fields from Texas to North Dakota, production costs have roughly halved since 2014, when Saudi Arabia signaled an output free-for-all in an attempt to drive higher-cost The post The Oil Price Dance appeared first on CTRM Center.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/","og_locale":"en_US","og_type":"article","og_title":"The Oil Price Dance | Commodity Technology Advisory","og_description":"Am I the only one that seems a bit puzzled over oil prices? As the chances for an OPEC agreement on production oscillates between they will or they won’t, the oil price gyrates in step with sentiment on the outcome of the meeting. For everyone in the Commodities industries, higher prices wouldn’t hurt. 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In fact, is has simply made the industry more resilient and more capable. “In shale fields from Texas to North Dakota, production costs have roughly halved since 2014, when Saudi Arabia signaled an output free-for-all in an attempt to drive higher-cost The post The Oil Price Dance appeared first on CTRM Center.","og_url":"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/","og_site_name":"Commodity Technology Advisory","article_publisher":"https:\/\/www.facebook.com\/CommodityTechnologyAdvisory","article_published_time":"2016-11-30T11:31:31+00:00","og_image":[{"width":700,"height":700,"url":"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.jpg","type":"image\/jpeg"}],"author":"Gary Vasey","twitter_card":"summary_large_image","twitter_creator":"@comtechadvisory","twitter_site":"@comtechadvisory","twitter_misc":{"Written by":"Gary Vasey","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/#article","isPartOf":{"@id":"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/"},"author":{"name":"Gary Vasey","@id":"https:\/\/www.comtechadvisory.com\/#\/schema\/person\/7bbe28e59e09a076a043cc6838fcedb4"},"headline":"The Oil Price Dance","datePublished":"2016-11-30T11:31:31+00:00","dateModified":"2016-11-30T11:31:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/"},"wordCount":218,"publisher":{"@id":"https:\/\/www.comtechadvisory.com\/#organization"},"articleSection":["Blog"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/","url":"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/","name":"The Oil Price Dance | Commodity Technology Advisory","isPartOf":{"@id":"https:\/\/www.comtechadvisory.com\/#website"},"datePublished":"2016-11-30T11:31:31+00:00","dateModified":"2016-11-30T11:31:31+00:00","description":"Am I the only one that seems a bit puzzled over oil prices? 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In fact, is has simply made the industry more resilient and more capable. “In shale fields from Texas to North Dakota, production costs have roughly halved since 2014, when Saudi Arabia signaled an output free-for-all in an attempt to drive higher-cost The post The Oil Price Dance appeared first on CTRM Center.","breadcrumb":{"@id":"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.comtechadvisory.com\/blog\/the-oil-price-dance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.comtechadvisory.com\/"},{"@type":"ListItem","position":2,"name":"The Oil Price Dance"}]},{"@type":"WebSite","@id":"https:\/\/www.comtechadvisory.com\/#website","url":"https:\/\/www.comtechadvisory.com\/","name":"Commodity Technology Advisory","description":"CTRM Market Insights","publisher":{"@id":"https:\/\/www.comtechadvisory.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.comtechadvisory.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.comtechadvisory.com\/#organization","name":"Commodity Technology Advisory","url":"https:\/\/www.comtechadvisory.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.comtechadvisory.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.png","contentUrl":"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.png","width":700,"height":700,"caption":"Commodity Technology Advisory"},"image":{"@id":"https:\/\/www.comtechadvisory.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/CommodityTechnologyAdvisory","https:\/\/twitter.com\/comtechadvisory","https:\/\/www.linkedin.com\/company\/2980731","https:\/\/www.youtube.com\/user\/Comtechadvisory"]},{"@type":"Person","@id":"https:\/\/www.comtechadvisory.com\/#\/schema\/person\/7bbe28e59e09a076a043cc6838fcedb4","name":"Gary Vasey","url":"https:\/\/www.comtechadvisory.com\/author\/garymvasey\/"}]}},"_links":{"self":[{"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/posts\/3871"}],"collection":[{"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/comments?post=3871"}],"version-history":[{"count":0,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/posts\/3871\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/media?parent=3871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/categories?post=3871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/tags?post=3871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}