The crude oil net long…
In case of further escalation,…
Despite oil prices being somewhat depressed by the hype surrounding the Iran deal (which has repeatedly been debunked as not affecting supply until, at the earliest,…
The price of gasoline in Southern California is the highest in the nation, in large part because an Exxon Mobil Corp. refinery in Torrance has been…
Last week’s report ended with a call for a sideways trade with the crude oil market holding between $55.33 and $50.95. September Crude Oil futures traders accommodated by posting a…
Oil prices may have firmed up a bit this spring, but we could be heading into another protracted period of weak prices. First there are the…
I have become an avid reader of the International Energy Agency Oil Market Report. A ”free” synopsis is published mid-month with the full report and data…
The news from the IEA is not good. “World oil demand growth appears to have peaked in 1Q15 at 1.8 mb/d and will continue to…
As those who have been reading my ramblings over the last few weeks will be aware, I have been saying that the failure of WTI to…
Bearish fundamental factors lined up this week to fuel a sharp break by September Crude Oil futures. The week began with Greek citizens voting “no” to a list of demands…
August Crude Oil futures finished lower last week for a number of reasons. The market started the week under pressure and never looked back. The catalyst…
Oil hit its lowest point in two months on July 1, falling on a combination of market turmoil and bearish oil figures. WTI dipped below $57…
Oil markets face a lot of downside risk – high crude oil inventories in both the U.S. and Europe, resilient production from U.S. shale, increasing output…
The oil price collapse of 2014-2015 began one year ago this month (Figure 1). The world crossed a boundary in which prices are not only lower…
August crude oil futures are set to finish the week lower after an earlier rally failed to draw enough long interest to drive the market away from the retracement zone…
Oil prices have leveled off in recent weeks, but with the negotiations over Iran’s nuclear program bumping up against a deadline, that could change. After crashing…
I’ve got deadlines – and a new set of columns to be written about the energy space every week. These days that’s tough, because there’s so…
After reaching its highest level in three weeks and posting a higher close the week-ending June 12, August Crude Oil futures posted an inside move this…
Russia’s state-owned oil company may provide its Venezuelan counterpart a much needed loan of $5 billion. Venezuela’s oil company, PDVSA, is in desperate need of capital…
The oil markets could be about to enter another round of soft prices.The OPEC decision on June 5 to leave its collective target unchanged…
The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows.Oil production in North…
To me, commodity pricing today is so distorted that it is almost startling. The media continues its post Goldman Sachs’ bearish calls to pound away on OPEC supply with little…