{"id":14029,"date":"2016-08-26T21:22:47","date_gmt":"2016-08-27T01:22:47","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=14029"},"modified":"2016-08-26T21:22:47","modified_gmt":"2016-08-27T01:22:47","slug":"oil-industry-shifts-from-survival-to-growth-bloomberg","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/26\/oil-industry-shifts-from-survival-to-growth-bloomberg\/","title":{"rendered":"Oil Industry Shifts From Survival to Growth | Bloomberg"},"content":{"rendered":"<p>There has been a spike in oil &amp; gas mergers and takeovers in recent months as sellers expectations of a return to $100\/barrel oil prices have finally faded.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-08-25\/oil-m-a-is-back-as-industry-focus-shifts-from-survival-to-growth\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/488x-1.png?w=525&#038;ssl=1\" alt=\"\" \/><\/a><\/p>\n<p>From Bloomberg:<\/p>\n<blockquote><p>While crude has recovered, \u201cthere seems to be an increasing consensus that oil will not go back to over $100 any time soon,\u201d said Philipp Chladek, a senior industry analyst for BI in London. \u201cSo the differing perceptions about the asset values that, next to the volatility, was the main deal-breaker in the past, are gradually converging.\u201d<\/p><\/blockquote>\n<p>Light crude prices have rallied from early 2016 lows to test resistance above $50\/barrel. December futures retreated from $52\/barrel but this does not seem to indicate a reversal. Breakout above $52 would signal a long-term up-trend with a test of resistance around $64\/barrel. With slow global growth, however, further consolidation below $52 is more likely.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"WTI Light Crude - December 2016\" alt=\"WTI Light Crude - December 2016\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-08-27-crude.png?w=525&#038;ssl=1\" \/><\/p>\n<p>From Tsvetana Paraskova at <a href=\"http:\/\/oilprice.com\/Latest-Energy-News\/World-News\/Russian-Experts-Say-Countrys-Oil-Output-to-Hit-All-Time-High-in-2016.html\">Oilprice.com<\/a>:<\/p>\n<blockquote><p>Earlier this week, the Russian Economy Ministry said that it expected crude oil prices to remain stable at their current range of US$45-50 over the next two years, with a sustainable improvement beginning in late 2017.<\/p>\n<p>The latest rally in prices, according to a statement by the ministry, has \u201ca speculative nature\u201d and will not last long. The Economy Ministry went on to add in the statement that oil fundamentals were moving in line with \u201cbasic forecasts\u201d; that is, the market is on its way to rebalancing, with the glut gradually easing. But this process will take time.<\/p><\/blockquote>\n<p>Source: <a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-08-25\/oil-m-a-is-back-as-industry-focus-shifts-from-survival-to-growth\">Oil Industry Shifts From Survival to Growth &#8211; Bloomberg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There has been a spike in oil &amp; gas mergers and takeovers in recent months as sellers expectations of a return to $100\/barrel oil prices have finally faded. From Bloomberg: While crude has recovered, \u201cthere seems to be an increasing consensus that oil will not go back to over $100 any time soon,\u201d said Philipp &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/26\/oil-industry-shifts-from-survival-to-growth-bloomberg\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Oil Industry Shifts From Survival to Growth | Bloomberg&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-14029","post","type-post","status-publish","format-standard","hentry","category-stock-markets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oil Industry Shifts From Survival to Growth | Bloomberg - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Industry Shifts From Survival to Growth | Bloomberg - the patient investor\" \/>\n<meta property=\"og:description\" content=\"There has been a spike in oil &amp; gas mergers and takeovers in recent months as sellers expectations of a return to $100\/barrel oil prices have finally faded. From Bloomberg: While crude has recovered, \u201cthere seems to be an increasing consensus that oil will not go back to over $100 any time soon,\u201d said Philipp &hellip; Continue reading &quot;Oil Industry Shifts From Survival to Growth | Bloomberg&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/26\/oil-industry-shifts-from-survival-to-growth-bloomberg\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-27T01:22:47+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/488x-1.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/08\\\/26\\\/oil-industry-shifts-from-survival-to-growth-bloomberg\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/08\\\/26\\\/oil-industry-shifts-from-survival-to-growth-bloomberg\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Oil Industry Shifts From Survival to Growth | Bloomberg\",\"datePublished\":\"2016-08-27T01:22:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/08\\\/26\\\/oil-industry-shifts-from-survival-to-growth-bloomberg\\\/\"},\"wordCount\":260,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/08\\\/26\\\/oil-industry-shifts-from-survival-to-growth-bloomberg\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2016\\\/08\\\/488x-1.png\",\"articleSection\":[\"Stock Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/08\\\/26\\\/oil-industry-shifts-from-survival-to-growth-bloomberg\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/08\\\/26\\\/oil-industry-shifts-from-survival-to-growth-bloomberg\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2016\\\/08\\\/26\\\/oil-industry-shifts-from-survival-to-growth-bloomberg\\\/\",\"name\":\"Oil Industry Shifts From Survival to Growth | Bloomberg - 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WTI above $54\/barrel would signal a bear market rally, but is likely to leave the primary trend unaltered. Breach of support at $45\/barrel would signal another decline. The crude oil market is in contango, with\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Light Crude and Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12356,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/23\/crude-at-30-per-barrel\/","url_meta":{"origin":14029,"position":1},"title":"Crude at $30 per barrel?","author":"ColinTwiggs","date":"September 23, 2015","format":false,"excerpt":"Crude futures (Light Crude November 2015 - CLX2015) are testing short-term support at $44 per barrel. Breach is likely and would indicate another test of the recent low at $38.50. Failure of that level would offer a (long-term) target of $30*. Recovery above the descending trendline and resistance at $52\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"WTI Light Crude November 2015 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-24-clx2015.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-24-clx2015.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-24-clx2015.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":9147,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/05\/crude-nymex-wti-down-trend\/","url_meta":{"origin":14029,"position":2},"title":"Crude: Nymex WTI down-trend","author":"ColinTwiggs","date":"February 5, 2014","format":false,"excerpt":"Nymex Light Crude is headed for another test of resistance at $100\/barrel. Respect of resistance is likely, given the primary down-trend, and would suggest another test of primary support at $92\/barrel. Breach of primary support would offer a target of $84\/barrel*. Recovery above $100 is unlikely and another 13-week Twiggs\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9179,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/11\/crude-double-bottom\/","url_meta":{"origin":14029,"position":3},"title":"Crude double bottom","author":"ColinTwiggs","date":"February 11, 2014","format":false,"excerpt":"Nymex Light Crude is testing resistance at $100\/barrel. Breakout would complete a double bottom reversal, offering a target of $108\/barrel*. Respect of resistance, however, would suggest another test of primary support at $92. Recovery of US stocks would lift crude prices in anticipation of increased demand. Brent crude is more\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11949,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/17\/crude-where-next\/","url_meta":{"origin":14029,"position":4},"title":"Crude: Where next?","author":"ColinTwiggs","date":"June 17, 2015","format":false,"excerpt":"Nymex Light Crude plotted against CPI gives an historical perspective on current crude prices: high prior to China's entry into the global energy market, but low relative to prices since then. Expect strong support at the 2008 low. Has fracking permanently suppressed oil prices, or will production dwindle over time\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Light Crude and Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":3756,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/","url_meta":{"origin":14029,"position":5},"title":"Brent crude headed for $145","author":"ColinTwiggs","date":"March 8, 2012","format":false,"excerpt":"The long-term, monthly chart shows Brent crude testing resistance at $125\/barrel. Breakout would signal an advance to the 2008 high of $145. With 63-day Twiggs Money Flow (above zero) flagging a primary up-trend, respect of resistance is unlikely but would indicate another test of the rising green trendline, above $110.\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=14029"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14029\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=14029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=14029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=14029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}