• 3 days The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 3 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 14 hours "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days Demonising fossil fuels has caused major grid problem in Australia
  • 4 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 6 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 330 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 8 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
  • 9 days "And this is perhaps the most dangerous kind of government there can be."
Editorial Dept

Editorial Dept

More Info

Higher Oil Prices Are In The Pipeline

Things are getting interesting again on the crude market, with Donald Trump relaunching his Twitter attacks on OPEC, albeit in much more diplomatic wording now, amid US-China trade talk prospects brightening after several weeks of market skepticism. Against the background of crude oil prices rising, President Trump also took issue with the OPEC production cuts rendering crude prices too high and threatened the blackout-stricken Venezuela with another round of sanctions. This plethora of geopolitical factors easily prevailed over the American Petroleum Institute and EIA both of which confirmed a crude inventory build.

(Click to enlarge)

Thus, for the first time in almost six months, the global crude benchmark Brent edged very close to 70 USD per barrel, pulling off a solid four consecutive days of growth. On Wednesday afternoon the Western hemisphere benchmark WTI traded at around 62.5-62.8 USD per barrel.

1. Saudi Aramco Publishes Financial Results for First Time Ever

(Click to enlarge)

- Just as Saudi Aramco announced its intent to but 70 percent of Saudi petchem holding Sabic, the Saudi national oil company disclosed its 2018 financial results, for the first time ever.
- The Saudi NOC’s revenues exceeded $356 billion last year, still mostly generated by crude sales which accounted for 56.4 percent of the total (down exactly 30 percent from 2016).
- Saudi Aramco reported a ground-breaking $111 billion net income in…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News