Commodities (Energy) Flashcards
What is the biggest driver for natural gas?
weather
Why is storage injection important for natural gas?
Low storage injection is bullish and high storage injection is bearish.
How many bear markets have their been in Oil prices since 1983?
8 (86, 88, 91, 94, 98, 01, 08, 14/15)
average price fall of all oil bear markets?
57%
Average duration in trading days of all oil bear markets?
284.
What is oils correlation to the USD?
-0.67
Top 5 crude oil producers globally? in 2017
Russia 12%, Saudi 12%, US 14%, Iraq 6%, Iran 5%
Top 5 oil consuming countries in the world?
US 20%, China 13%, India 5%, Japan 4% and Russia 4%
What is global Nat gas consumption in BCM?
96 in 2017
What year did oil peak as a % of primary energy consumption?
1971 at 50%. Now around 35%.
Today’s top 3 ranking of fuels as % of total energy consumption?
Oil 35%, Coal 28% and Nat gas 24%
What was total oil production in bbls in 2017?
92.6 mbpd
what is the 10 year gerowth rate of oil production globally?
1.1%
Compare and contrast OECD and Non OECD oil production vs consumption?
OECD produces 23.9mbpd but consumes 47mbpd
Non OCED produces 68,7mbpd and consumes 51.3 mbpd.
