(b) Natural gas export prices have tended to be too low. Low pipeline natural gas prices to Europe were a major reason why Russia wanted to shift its natural gas exports toward China and other Asian countries, where prices might be higher. US natural gas producers are also unhappy about th...
Crude oil trading is the buying and selling of crude oil or other oil-linked assets to make a profit. As crude oil is a widely used commodity and its extraction and refinement is complex, along with its limited availability, and the geopolitics that surround it, the prices of oil and oil...
The main contributing factor to these glowing financials is sustained high oil and gas prices. With average Brent oil prices estimated at $111 per barrel in 2022, a Henry Hub gas price at $4.2 per thousand cubic feet (Mcf) and a European gas price of $25 per Mcf...
It’s my belief that before too long, the pendulum will swing the other way, with oil and gas prices going up, while in the meantime, the prices of these fuels are likely to go up quite a bit due to this same inflation, and these same high interest rates having the effect of reduci...
For a sense of the correlation between the closing price and intraday volatility, the chart below overlays the S&P 500 since 2007 with the intraday price range. I’ve also included a 20-day moving average to identify trends in volatility. On August 1st, the index experienced its largest intra...
“It couldn’t be more timely; it’s welcome news,” said Brian Bethune, chief United States financial economist for IHS Global Insight, who predicts that gas prices will drop to $2.50 a gallon by early next year. “The recent drop in gasoline prices has clearly contributed to an overall...
I found achartthat lists candlepower andlumens(relative brightness) for kerosene lamps based on wick size (width). Here are a few examples of their brightness. Oil Lamp Wick versus Brightness / Lumens Best Oil Lamps It’s subjective. I recommend staying away from cheap, especially when conside...
Great. Next question again is from John Bair. How did the Ultra Pet deal unfold? What was the catalyst for them to join the Oil-Dri family versus any of your larger competitors? Chris, can you answer that, please? Chris Lamson--Group Vice President, Retail and Wholesale ...
Primary oil recovery describes the production of hydrocarbons under the natural driving mechanisms present in the reservoir without supplementary help from injected fluids such as gas or water. From: Reservoir Engineering Handbook (Fourth Edition), 2010 ...
At lower prices (say $50/bo for oil and $1/Mcf for natural gas) the net revenue would be negative and money would need to be borrowed to finance new wells. Chart below has cumulative net revenue for tight oil produced in the Permian basin from Jan 2010 to Dec 2024 (the data from ...