While it may not feel like it, crude is in the early phases of a new oil "super cycle." In fact, in the early stages of a super cycle it never feels like it but that is because we are laying the groundwork for supply tightness in the future.
Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary.
Crude oil prices are still under pressure after a volatile Chinese stock market trade and a big miss by BP. BP reported a loss of $5.8 billion dollars in the second quarter as oil prices plummeted and lost revenue.
On the surface, Turkey has everything going for it in oil and gas. Onshore, it’s under-explored with one of the top international shale plays—the Dadas Shale—about to get tested for the first time with new technology.
As the boundaries of technology continually expand, so does the demand for graphite. With uses developing and supply mainly controlled by China, prices for graphite should continue to climb, says the Encompass analyst and Malcolm H. Gissen & Associates portfolio manager.
The economic boom in Western Canada, the oil, mineral and grain-rich region that has driven growth in the national economy for years, is expected to drop to more of a quiet buzz as the housing market cools and commodity prices fall off, economists say.