The giant Groningen gas field…
There appears to be no…
Despite the shift in the fundamentals the week before, March Crude Oil failed to follow-through to the downside and the market finished the week with an inside range. This pattern…
March Natural Gas gapped lower on the weekly chart. This is a rare occurrence that often indicates exhaustion in markets that have experienced prolonged moves down in terms of price…
We know high oil prices have an adverse impact on the economy, often leading to recession. According to Economist James Hamilton, 10 out of 11 of US recessions since…
As efforts continue to impose sanctions on Iran, I thought it would be helpful to discuss the possible implications of these developments for oil-consuming countries. The most likely outcome of…
March Crude Oil traded sharply lower last week with an expanded range. Based on the previous week’s failure to follow-through to the upside when the market took out the previous…
All is not as it appears in the global oil markets, which have become entirely dysfunctional and no longer fit for its purpose, in my view. I believe that the…
February Crude Oil closed higher last week despite the stronger U.S. Dollar and a general aversion to risky assets. This only proves what traders have known for weeks that crude…
February Crude Oil had a weak follow-through to the upside after a powerful rally the week before. The thin holiday trade was probably the biggest reason for the lack of…
The pieces and policies for potential conflict in the Persian Gulf are seemingly drawing inexorably together. Since 24 December the Iranian Navy has been holding its ten-day Velayat 90…
Last week the fundamentals clashed with the technicals in the February Crude Oil futures market and by week’s end the fundamentals clearly won. Even though the contract did not take…
The current global food system is highly fuel- and transport-dependent. Fuels will almost certainly become less affordable in the near and medium term, making the current, highly fuel-dependent agricultural production…
February Crude Oil confirmed its weekly closing price top at $103.28 with its sell-off through the last minor bottom at $95.16 and a key 50 percent level at $95.15. In…
The results of OPEC’s latest meeting to set oil production quotas were on Thursday last week. Instead of production targets for individual countries, a group production ceiling of 30 million…
January Crude Oil futures had a strong surge on Friday, but still managed to close lower for the week. Renewed buying helped prices rise for the first time after three…
January crude oil finished sharply higher last week. The rally was primarily driven by greater demand for risky assets fueled by a weaker Dollar and stronger equity markets. The market…
January Crude Oil closed lower for the second consecutive week but losses could have been worse if not for a strong comeback on Friday. The primary reason for the weakness…
Back in February, I wrote a post called Why are WTI and Brent Prices so Different? In it, I talked about a number of issues, including pipeline issues, contributing…
The following is a lengthy essay explaining why I would approve the Keystone pipeline despite finding myself on the side of those concerned over the negative environmental impact of tar…
The price of West Texas Intermediate has risen almost $10 a barrel since the start of September, and briefly bumped back above $100 a barrel this week. Here's why I…
January Crude Oil futures succumbed to selling pressure last week, reaching a high at $103.37 and forming a closing price reversal top. Once confirmed, this pattern often leads to a…