Crude oil closed lower on Thursday after an OPEC report raised concerns about summer demand, encouraging traders to book profits after the market failed to…
1. Chinese Oil Imports Soar to New Highs- Chinese crude imports have reached their highest level since June 2020, with the country’s General Administration of…
Politics, Geopolitics & Conflict The purported U.S. intelligence leaks that were mysteriously been floating around social media for a month (possibly longer) before being detected…
War is a dirty business. The war profiteers descend on these battlefields like vultures. There are no exceptions. Ask Bosnians. Ask Iraqis. Ask Syrians. Take…
June WTI crude oil prices remained relatively stable on Thursday and into Friday morning but marked a third consecutive weekly increase as investors evaluated the…
1. Gasoline Might be a Problem for US East Coast• As US gasoline stocks have fallen to their lowest for this time of the year…
Politics, Geopolitics & Conflict Despite warnings from China that it would retaliate in some way, the U.S. went ahead with a meeting in LA between…
Trading is always short-term in nature. Even if you are swing trading, positions are rarely carried for more than a few weeks, maybe a month…
The Iraqi federal government and the Kurdistan Regional Government (KRG) cut a deal earlier this week to resume the export via pipeline of some 450,000…
US benchmark June West Texas Intermediate crude oil futures increased by more than 1% on Thursday. This price rise was due to a reduction in…
1. Iraq’s Oil Ambitions Face Harsh Reality of Low Investment- Iraq’s oil production capacity is set for a decline in the long term as political…
Politics, Geopolitics & Conflict In a major loss for U.S. foreign policy, the Saudis have agreed to join the Shanghai Cooperation Organization (SCO) as a…
As I have said many times before, I have made a living from markets on and off for around forty years. I have often looked…
The oil markets have interpreted the most recent development in the battle between Baghdad and Erbil rather dramatically. Just when it appeared that the new…
U.S. West Texas Intermediate crude oil prices fell by 1% on Thursday after U.S. Energy Secretary Jennifer Granholm informed lawmakers that refilling the Strategic Petroleum…
1. China-Russia Relations Continue To Improve- The visit of Chinese President Xi Jinping to Russia this week highlighted increasing volumes of energy trade between the…
Politics, Geopolitics & Conflict The U.S. Fed insists that the financial sector is “sound and resilient”, despite the banking crises that started with the collapse…
One of the things I learned early in my trading career was that in that business, admitting and acknowledging mistakes is a good thing. That…
Oil prices have sunk to levels that are leaving traders wondering two things: will OPEC implement further cuts to raise prices, and will the United…
1. Chinese Demand Becomes the Only Really Bullish Factor for Oil- Whilst oil prices were undergoing one of the most spectacular declines in recent months…