Oil majors are cutting capital expenditure in response to lower prices and Colver Technologies says more cuts are almost certainly on the way. Colver Technologies has warned that the blood-letting in oil production is only just beginning and that investors should expect deeper cuts this year as weak demand in Europe and China continues to […]
Colver Technologies: Oil Back At 70 Dollars By Year End
Colver Technologies believes that oil prices will return to $70 or $80 levels by the end of 2015. Colver Technologies has speculated that oil prices will be back in the region of $70-80 a barrel before the end of 2015 citing the inevitability of reduced production in non-OPEC countries. According to Gus Stuyvesant, Chief Operating […]
Colver Technologies: GTL Shines As Fracking’s Luster Fades
Colver Technologies: As hydraulic fracturing’s Achilles’ Heel is exposed by falling prices, GTL’s flexibility and production cost efficiency is drawing attention. Colver Technologies says it has received a flood of inquiries and orders for plant and technology at numerous sites as oil prices continue their slide and large oil traders and oil majors look to […]
Colver Technologies: Oil Traders Take Advantage Of Contango
Colver Technologies: Oil futures prices trading at premium to spot leads oil traders to store 25 million barrels on supertankers at sea. According to China’s Colver Technologies, oil traders like Trafigura and Vitol have moved to take advantage of contango in the oil market by hiring out supertankers to store crude oil at sea until […]
Colver Technologies Comments as Oils Rout Continues in 2015
Colver Technologies: Oil dipped below $50 a barrel for the first time in 5 years as concerns over a glut in supply continue. Despite record bearishness on oil prices, Colver Technologies believes prices will stabilize at between $65 and $75 a barrel by the end of 2015. The firm’s prediction came even as oil prices […]
Colver Technologies: Saudis Pledge No Cut In OPEC Output
Colver Technologies: Saudi Arabia says, even if crude oil prices drop to $20 a barrel, OPEC will not cut production. Colver Technologies says it is not surprised that Saudi Arabia remains committed to maintaining OPEC’s production at current levels despite the 50% drop in oil prices since June and the prospect of further falls. As […]
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