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Crude Now - Oil Market Summary

The Graph of the Millennium- Tomorrow's Oil prices

The graph below shows How ,in 2014 ,the USA Department Of Energy (DOE) used "The Strategic Petroleum Reserve-(SPR)" to stop the oil prices from passing the $120 . click Here

But why is it used again in 2017 when prices are too low?????

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The Graph of the Century ... The role Of SPR Verse WTI Since 2014 Click

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Jabbar al-Jaf:Oil Market Analyst

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Main Market prices - Nymex -Date:Jun/23/2017

WTI


$43.12 {0.89% }

Brent


$45.66 {0.97% }

Heat


$1.3668 {-2.01% }

Gasoiline


$1.435 {0.03% }

USindex


$96.98 {-0.33% }

Euro


$1.1195 {0.38% }

Gold


$1258.31 {0.71% }

GoldenConst


$1.0657 {0.1692% }
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Click Here The NYMEXwti

IEA-Jun/23/2017 -Release - USA Inventories / Thousand Barrels

YearTotalCushingCrudeProductsGasoline
Jun/16/2017135135261140509095842257241866
Jun/09/2017135326762220511564841721242444
Jun/02/2017134645863376513207833251240348
May/26/2017133098764820509912821075237024
May/19/2017133619765567516340819857239882
May/12/2017133970166308520772818929240669
May/05/2017133543366273522525812908241082
Apr/28/2017133899766711527772811205241232
Apr/21/2017133768667439528702808984241041
Apr/14/2017133107168642532343798728237672
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EIA OIL STORAGE REPORT :Date:Jun/23/2017 Full Data wti


Crude Oil Spot -Price -EIA "


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crude 'Gas pipelines  To Europe  through Ukraine  will be abandoned by 2018 '

'Jun/23/2017'
crude 'US considers Arctic offshore oil exploration(www.jdsupra.com) '

'Jun/20/2017'
crude 'Oil hovers at seven-month low as investors weigh up supply issues(www.marketwatch.com) '

'Jun/20/2017'
crude 'Oil market fundamentals heading in the right direction - Saudi's Falih(uk.reuters.com) '

'Jun/19/2017'
crude 'Rosneft makes pioneering new field discovery in Arctic(www.energyvoice.com) '

'Jun/19/2017'
crude 'U.S. Drillers Are Hammering OPEC’s Plans(www.bloomberg.com) '

'Jun/19/2017'
crude 'UAE energy minister sees no need for extraordinary OPEC talks(www.zawya.com) '

'Jun/18/2017'
crude 'Iran still world's biggest natural gas player(www.payvand.com) '

'Jun/17/2017'
crude 'Oil Set for Longest Run of Weekly Losses Since 2015 Amid Glut(www.bloomberg.com) '

'Jun/16/2017'
crude 'Solar power forecast to shut down coal plants faster than expected(powersource.post-gazette.com) '

'Jun/16/2017'
crude 'US oil-rig count rises for the 22nd straight week(www.businessinsider.in) '

'Jun/16/2017'
crude 'OPEC Took Aim at U.S. Oil Producers, but Hurt Itself, Too(www.nytimes.com) '

'Jun/16/2017'
crude 'Why Some Hedge Funds Believe The Shale Boom Is Coming To An End (Again)(www.zerohedge.com) '

'Jun/16/2017'
crude 'Oil prices hit six-week lows as OPEC fails to curb oversupply(www.cnbc.com) '

'Jun/15/2017'
crude 'As oil tanks, Saudi Arabia's next effort to boost prices may be targeting US oil inventory data(www.cnbc.com) '

'Jun/15/2017'
crude 'Iraq's 2017 Target for Oil Expansion Within Reach, WoodMac Says (www.bloomberg.com) '

'Jun/15/2017'
crude 'Why The United States Rule Oil Prices Not OPEC(oilprice.com) '

'Jun/15/2017'
crude 'Iran struggles to expand oil exports as sea storage cleared '

'Jun/14/2017'
crude 'Saudis Cut Oil Exports to U.S. to Ease Global Glut '

'Jun/14/2017'
crude 'OPEC oil production jumps in May despite cartel's output agreement as Iraq, Libya pump more(www.cnbc.com) '

'Jun/14/2017'
crude 'Here's why oil prices could drop to $30 a barrel again: Fesharaki(www.cnbc.com) '

'Jun/14/2017'
crude 'OPEC and U.S. shale drillers are on collision course: Kemp(www.reuters.com) '

'Jun/14/2017'
crude 'IEA sees growing oil supply delaying inventories fall(www.argusmedia.com) '

'Jun/14/2017'
crude 'Gazprom Altai Pipleline To China '

'Jun/14/2017'
crude 'US shale oil output projected to rise by more than 100,000 barrels a day for a fourth straight month(www.cnbc.com) '

'Jun/13/2017'
crude 'Oil rises on Saudi pledge to make real supply cuts to Asia, U.S.(www.reuters.com) '

'Jun/13/2017'
crude 'America Can Spin the Oil World on Its Axis(www.bloomberg.com) '

'Jun/13/2017'
crude 'U.S. oil rises 0.4% to settle at $45.83/Bbl last week(www.kallanishenergy.com) '

'Jun/12/2017'
crude 'Abadi visits Saudi Arabia Wednesday, A positive atmosphere is prevailing ,  since Adel al-Jubeir to Baghdad in February,and  recent visit in May by Saudi energy minister Khaled al-'

'Jun/12/2017'
crude 'Record Breaking U.S. Exports Could Hurt Oil Markets(www.aapg.org) '

'Jun/12/2017'
crude 'Lukoil CEO doubts deeper quotas on oil production cut within OPEC deal are necessaryMore:http://tass.com/economy/949360 '

'Jun/11/2017'
crude 'China's crude imports hit second highest on record in May '

'Jun/11/2017'
crude 'Iran raises oil exports to West, almost on par with Asia '

'Jun/11/2017'
crude 'Oil majors submit surveys to develop Iran's Azadegan '

'Jun/11/2017'
crude 'Iran and Russia inked a roadmap for cooperation in the energy sector at the 21st St. Petersburg International Economic Forum (SPIEF 2017). '

'Jun/11/2017'

Past Articles

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Iraq sells first oil supertanker through auction

This is another sad day in the history of the oil industry , which if it continues it may turn “ The Crude Oil Marketing “ into chaos.
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Still we are not out of the woods

While Saudi Arabian Energy Minister Khalid Al-Falih said that the kingdom was willing to cut Production even more than was required
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No light at the end of the tunnel

In Dec 2015 US Federal Bank had the first rate hike in a decade ,to be increased in baby steps to reach the 2%... We called it then " Not a serious plan , and will not be taken seriously by the market." because ,today ,the market is technically smarter than the central banks.
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The end of Open Outcry and Electronic Screens Trading

Speculations on the stock exchanges are not something new, it dates back to 17th century in Holland , but what is new is the new trading platform called HFT ((High-frequency trading
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The Triumphant Trump

“ America First” this policy is not new and often referred to as "beggar-thy-neighbor policy“, and it is a text straight out of the 1930 Great Depression's text book. In 1930, the Hawley–Smoot Tariff Act raised U.S. tariffs on over 20,000 imported goods to record levels.
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The hightest weekly addition to Inventories in Cushing on record

The Stock at Cushing increased from 61502 MMB to 65285 MMB , which is 3783 million barrels , the largest increase ever in one week
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Potential price collapse Averted by uncelebrated heros

OPEC member countries came out on Wednesday 30th Nov with the following press release and
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The Tell of The Two Wednedays

. Opec agreed conditionally to reduce the output to between (32.5m -33m b/d) barrels a day . They agreed not to disagree until Wednesday 30th November meeting in Vienna
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Crude oil price “free fall” is coming to an end

Opec is learning from the US Fed Bank a new crude oil pricing tactic in baby steps . In Dec 2015 US Federal Bank had the first rate hike in a decade to be increased in baby steps to reach the 2.5% by end of 2016 . After 11 months and 23 press conferences without changing the rate,the Fed kept the market expecting a hike in the rate.
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Petroleum Inventory Trap

The crude oil prices are heading towards $35 and should continue to fluctuate between The present level of $50 and the $38. This is because neither the sellers of crude oil nor the buyers ( the holders of inventories ) have any interest in low prices , as both stand to lose equally under any price collapse .Two important factors are ...
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Let'sStick Together

Why leave when the european did whatever,UK could have asked for?, and Why exit through a referendum when all Party leaders agree that "Referendum is an alien device of dictators and demagogues ?See the graph .lt is quite illustrative
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The Oil Prince

“ Low prices are not our problem… We sell at any price “. This statement is strong enough to stop the heart of anyone who is waiting for an artificial dose of oil price stimuli”. In fact,it was a death-blow to the new oil barons on the eve of Doha meeting. The Oil Prince did at 30 years of age what a sixty six years old OPEC organisation failed to do. What the market needed is a clear message. Instead of “ Softlysoftly” approach practiced by all OPEC members:
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Guess who is coming to Doha

inviting oil producers who already made their position clear , to Doha , is looking for whipping boy It also means inviting dissents, which may result in a meeting much similar to Dec 2014 Vienne meeting
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Euphoric- Data Falsification to change the Market Sentiment

For the last three consecutive weeks IEA has being releasing USA Petroleum inventories. Each week’s data were worse than the one before it, and yet the “ Market” reaction was positive , and the futures market advanced for wrong reasons, the wrong direction and to a new crude oil price highs, Yet the figures show, the highest Petroleum inventories in living memory .
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Why lift the ban after 40 years

After the Arab oil embargo in 1973,a ban on oil exported was instituted to insulate USA crude oil import from any supply interruption. That is always given as the reason for the ban on crude oil export .which is not completely correct! The true reasons for the ban is as follow:
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Oct,21 2015: Melting Pot- OPEC invited eight non-member Countries , including Russia

Oct,21 2016 OPEC Countries invited eight non-member Countries , including Russia to reduce the Oil surplus that has sent oil prices below $50 a barrel
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malignant tumor is diagnosed as bennin

The economic recession started in 2012, but it was camouflaged , by 1-Unprecedented growth in the financial market ,2-the events in the middle east, Ukraine, Libya, Syria,and 3-Central government’s strategies of boosting “market expectation “ using all means
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Who brought down the price of Oil

A change was in the air,Dr. J.Yellen, macroeconomist believing in the theory of improved expectations and transparency took over from Ben Bemannke ,and as soon as she took over in March 2013 almost the same day USA Administration announced SPR drawdown..causing stockpiling in the commercial sector
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The oil market is all tears

Today, we are repeating or warning that not only a crude oil avalanche is imminent next August - Sept ,but it also is threating the price structure of the oil industry the Crude oil stock is not only too high and higher than 2014 and 2015, but it also comes at a time when the world economy is heading towards a prolonged recession and perhaps a depression
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Cool summer in the Oil Market

The Data Published today May 13 2015 by EIA () tells different tell. Looking at Oil inventories, (The balance sheet of the oil industry) we observe that the level of Oil Stock in 2014 was artificially very low( perhaps that was the reason why USA administration ordered destocking from SPR).
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The USA partners should also be truly partners with each other

the crude oil prices are insulated from events in the Middle East, and this is the aim of the new USA policy in the area. and they are succeeding
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Dollar is The New Gold

The waiting is over to choose between the two, The Devil above and The Deep Blue Sea below. If Rate of Inflation and the Unemployment figures are the criteria .then:
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Crude oil avalanche is imminente

Can anyone ameliorate the Crude Oil Market , The $30 per Barrel is imminent ,and the market is now at the mercy of how
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Hydra is leaving

Today ,the hydra, the God of War, caused enough confusion has left with a safe passage in the mist and the dust created during the mass exodus of migrants from Syria and Iraq towards Europe.The cleaning up operation has been assigned to Russia.!
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Structural Changes in the Oil market

A false signal to the futures market from Cushing coincided with a false alarm by releasing SPRs in March 2014 caused the collapse of the oil price in 2014.
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“Waiting For Goddot”

What if opec Walks out without any decision?
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De facto Fracking Moratorium: Drill but do not Frack

On 4th N0v 20014, in Denton,Texas, the birthplace of fracking, the people voted to ban fracking,but the ban is not constitution . OPEC, by its action imposed Fracking Moratorium in USA without suprem court
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What if Oil prices goes below $60 for a period?

It is like asking 'what if cat laid eggs, then it would be a Hen '.
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All is quiet on the Eastern Front

The sudden increase in Shale gas and oil production, spells disaster for the global oil prices. But why is it all so quite on the Middle Eastern front?- read more
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Golden Constant

It does not matter were you stand on the question of gold... Whether you think that gold has become just another currency ,lost its glitters,and is traded like any commodity or "gold is gold and the rest are credits .The inescapable conclusion is , "Oil Prices are still on the gold standard - read more
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Searching for a Benchmark is like Searching For a Dead Man

The days for spot market prices are numbered or may have already ended , Benchmarking is slowly replaced by trading directly on the futures,because , the Crude that are qualified to benchmarks are losing their qualifications... and basketing can not same it... read more
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The Historical Handshake

There is a major shift in USA policy. "It is absolutely true that in the 21st century, American isolation is not an option," Obama said. Instead America's strategy should shift to partnering with countries where “terrorist” networks seek a foothold. ” Obama said. “the USA partners should also be truly partners with each other”. The same cruel message is passed on to the Iraqi politicians who are. read more
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Non-Conventional Fossil Fuels

The main difference between “conventional” and “Non-conventional” oil and gas are, the method and the cost associated with extracting this fuel resource , and their geologic location and accessibility. - read more
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A False Signal from SPR , a False Alarm from Cushing

A false Signal from SPR(strategic Petroleum Reserve ) and a False information from Cushing caused the price collapse in 2014 read more
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Drums of War

Henry Kissinger: “If You Can’t Hear the Drums of War You Must Be Deaf” - read more
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A Hydra Is Haunting MiddleEast

It is ironical that the prices of crude Oil on the international market are reacting downwardly during ISIL operations in the Middle East; in fact it is falling fast . Few years earlier a threat of such a scale would have called for at least SPR withdrawal and sent the crude oil prices through the roof. Is there any reason why the crude oil market is motionless towards the Hydra?- read more
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Analyze a stock before taking position

if you are looking continuously at the open-close--high-week-month-52 weeks statistics ..W pattern or M pattern or doji, ..Bollinger Bands,Volume..MACD .these indicators are necessary , but is not sufficient,learn to read our chart to be able to identify technical signals. - read more
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Internet Café Traders Versus HFT of NYMEX

This shows how the two major Chinese exchanges reached 10.2 trillion Market Cap within less than a year and the SSE Composite index exceeded Nasdaq futures index, and collapsed losing 1/4 of its value within weeks ( enlarge the weekly graph). Actually,the boom started few months ago, after the so called Hong Kong_Shanghai connect , and suddenly , over the counter trading bubbled.

Jabbar Aljaf(click to see profile)

Tel amman:009620775 627639 -------- ..Skype:nano-com


Contact Jabbar Al-jaf