• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 38 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 19 hours Wind droughts
  • 4 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 2 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 2 days Oil Prices Fall After Fed Raises Rates
  • 12 days How Far Have We Really Gotten With Alternative Energy
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 10 days "Russian oil executive and Putin critic Ravil Maganov dead after mysterious six-story fall" - The New York Post
  • 2 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 7 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 10 days The Federal Reserve and Money...Aspects which are not widely known
Energy Scams Are Spreading Like Wildfires

Energy Scams Are Spreading Like Wildfires

The global energy crisis sparked…

Putin Is Not Peter The Great

Putin Is Not Peter The Great

As unrest within Russia intensifies…

Editorial Dept

Editorial Dept

More Info

Premium Content

Oil Storage Nears Its Limit

1. Potential debt crisis could hit commodity exporters hardest

- Emerging market assets have seen risk premiums spike, and commodity-exporting countries are seen as particularly risky.

- Venezuela, Argentina and Lebanon have already defaulted on debt payments.

- An estimated 90 countries have already turned to the IMF for emergency financing.

- Calls for a debt “standstill” arrangement at the global level are rising in order to buy time for developing countries so that they don’t face deeper crises. Absent some sort of agreement from creditors, debtors, governments and multilateral banks (IMF, World Bank, etc.) a broad debt crisis could explode.

2. Palladium market in deficit

- The market for palladium could face a deficit through 2021, despite the steep fall in auto sales, according to a report from Standard Chartered.

- The bank says that the deficit may now only be 327,000 ounces in 2020, a narrower gap than the 1.3 million ounces previously anticipated.

- More than 80 percent of palladium is consumed in the auto market.

- But the demand destruction from weaker auto sales has been partially offset by supply-side issues. South Africa, which accounts for 38 percent of global palladium output, announced a 21-day shutdown beginning on March 27, a measure that was extended through the end of April at least.

- Global supply could fall by 10 percent this year largely because of Covid-19-related…





Leave a comment

Leave a comment




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