4 ms·

Ask HN: Why Oil prices are going down?

4 points by known 11y ago

Is there anything forthcoming disruptive beyond demand/supply/distribution?

ChuckMcM 11y ago
Three things influence the price of oil, supplies, geopolitical tension/policy, demand. Most recently having Iran able to sell oil again has increased supply (downward pressure), Saudia Arabia has been under increasing political tension (tends to cause oil prices to go up), and programs to curb greenhouse emissions and vehicle mileage standards have pushed down demand. /disclosure - I work at IBM and know these guys ... While this is just standard "what's going on in the world" sort of stuff, if you want to put a different tech spin on it you can use the AlchemyNews API from IBM Watson and use it to highlight stories related to news producers, regions, or changes in demand. That will give you a more comprehensive sense of what is going on in the market.
- known 11y ago
  Thank you
- atomical 11y ago
  How would the AlchemyNews API be better than searching Google News?
  - ChuckMcM 11y ago
    Two simple ones, the AlchemyAPI News product is a crawler/flagging system so you don't have to write a web scraper to pull results of Google News. The second being that it's processing concepts, keywords, and entities so you can catch stories that mention the movers and shakers in the space without a giant regex. That said, being well read and subscribing to a number of news sources is a solid way of keeping up to date on a topic you're interested in. There are few short cuts that are as effective as that.
    - atomical 11y ago
      The OP didn't ask for a web scraping solution. Using Google Alerts would work just as well.
baccredited 11y ago
I don't really track this but think I heard that OPEC was threatened by the amount of fracking-based oil that was starting to reach the market and decided to put a major squeeze on the producers of that source of oil. I'm not sure if it is working. http://www.cbsnews.com/news/low-oil-prices-threatening-fracking-industry/ http://www.cbsnews.com/news/low-oil-prices-threatening-frack...
Jugurtha 11y ago
One interesting fact is that gasoline price in Algeria was increased. It has always been subsidised (20 cents/liter or something). Now diesel/gasoline, etc are almost double by Government decision.

4 points by known 11y ago

Is there anything forthcoming disruptive beyond demand/supply/distribution?

Three things influence the price of oil, supplies, geopolitical tension/policy, demand. Most recently having Iran able to sell oil again has increased supply (downward pressure), Saudia Arabia has been under increasing political tension (tends to cause oil prices to go up), and programs to curb greenhouse emissions and vehicle mileage standards have pushed down demand. /disclosure - I work at IBM and know these guys ... While this is just standard "what's going on in the world" sort of stuff, if you want to put a different tech spin on it you can use the AlchemyNews API from IBM Watson and use it to highlight stories related to news producers, regions, or changes in demand. That will give you a more comprehensive sense of what is going on in the market.

known 11y ago
Thank you
atomical 11y ago
How would the AlchemyNews API be better than searching Google News?
- ChuckMcM 11y ago
  Two simple ones, the AlchemyAPI News product is a crawler/flagging system so you don't have to write a web scraper to pull results of Google News. The second being that it's processing concepts, keywords, and entities so you can catch stories that mention the movers and shakers in the space without a giant regex. That said, being well read and subscribing to a number of news sources is a solid way of keeping up to date on a topic you're interested in. There are few short cuts that are as effective as that.
  - atomical 11y ago
    The OP didn't ask for a web scraping solution. Using Google Alerts would work just as well.

baccredited 11y ago

I don't really track this but think I heard that OPEC was threatened by the amount of fracking-based oil that was starting to reach the market and decided to put a major squeeze on the producers of that source of oil. I'm not sure if it is working. http://www.cbsnews.com/news/low-oil-prices-threatening-fracking-industry/ http://www.cbsnews.com/news/low-oil-prices-threatening-frack...

Jugurtha 11y ago

One interesting fact is that gasoline price in Algeria was increased. It has always been subsidised (20 cents/liter or something). Now diesel/gasoline, etc are almost double by Government decision.