Researchers at Tohoku University have…
Senator Brown urges President Biden…
When OPEC instituted their recent production cuts, the theory was that oil markets would balance after crashing in 2014. After Donald Trump won the presidency, many speculated that price fluctuation…
Just as we warned yesterday following the EIA inventory and production data release, the exuberance over the crude draw was misplaced (due to the surge in product builds and almost…
The centuries-long human fascination with space may go beyond making sci-fi movies and into a brave new world of asteroid mining within just a couple of decades. While scientists and…
The Venezuelan government’s seizure of a GM factory, as reported by Reuters, signals that the deeply corrupt regime of President Nicolas Maduro is escalating its self-defeating actions. Ironically, for oil…
Russia’s Federal Security Service, the FSB, said on Wednesday that it had foiled an attempt by alleged Islamic State supporters to carry out a terror attack in a crowded…
In today's game of rock-paper-scissors from the weekly EIA inventory report, crude inputs were propelled higher (like a rock), blunting the impact of super-strong imports (the scissors). On paper, the…
As the global oil supply glut grows, Russia has not yet climbed on board of OPEC's production cut agreement extension. (Click to enlarge)
Saudi Aramco’s IPO, slated to raise between $100 billion and $400 billion from a 5 percent stake in the company, will continue to make headlines until its launch. Lately, discussions…
Russia’s brazen confidence in its victory in propping up Syrian President Bashar Al Assad’s once-failing regime grows day by day, as evidenced by Moscow’s latest oil deals with the Syrian…
Prolonged low oil prices— which have prompted all companies in the sector to rethink strategies and shore up finances —have not spared the wealthy Middle Eastern governments and their state-held…
It’s all over the news: ExxonMobil has applied for a waiver from the economic sanctions against Russia—and specifically Rosneft—in order to resume its joint operations with the Russian state…
During the presidential campaign, Donald Trump seemed to advocate industrial policy to bolster global competitiveness of American business. But the idea that the government should choose winners and losers disturbs…
2017 hasn’t seen much volatility in oil prices, something we might not have expected with a new administration, a change in Fed policy, Brexit and a hundred other smaller events…
There are many big differences between trading and investing from “inside” the market and doing so from “outside”. When you are sitting at a trading desk and following markets every…
Friday April 21, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
- The majority of recent oil market coverage has focused on bearish flies in the physical rebalance ointment including elevated OECD crude + refined product stocks and higher than forecast…
Politics, Geopolitics & Conflict • The referendum to change Turkey into an executive presidential system has passed with the narrowest of margins, even though the opposition and EU bodies claim…
The week started with June West Texas intermediate crude oil futures holding steady despite forming a potentially bearish closing price reversal top on April 12 at $54.14. The move suggested…
Oil prices fell fast on Friday afternoon as traders see the rising rig count as yet another sign that the markets are still grossly oversupplied.
This week’s Baker Hughes rig count is the fourteenth in the string of weekly reminders that US shale will not succumb to the price pressure that OPEC has placed…