Crude oil moved lower to begin the week on three key trends. On the geopolitical stage there was a (tiny) thaw in US/Iran relations after…
That Missing Oil Tanker, And Iran’s Game of Leverage We said the cat-and-mouse game over security in global oil shipping lanes would get worse; and…
Friday July 12, 2019 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out…
Today’s IEA report isn’t exactly a speculator’s dream forecast. Previously, the IEA was predicting a crude supply deficit of a half a million barrels per…
Discovery & Development • Britain’s most important pipeline system, Forties, saw flows reduced to 150,000 bpd from 450,000 bpd-575,000 bpd due to repairs, which are…
In a slight detour from our usual oil-focused weekly commentary on burning issues of the day, let’s look at Europe’s latest gas infrastructure project, the…
Exxon’s Generous Royalty Deal in Guyana Is Safe, For Now Investors have been waiting to see what the outcome of the latest political crisis in…
Last week we saw OPEC+ come to terms on a deal to extend their existing supply cut agreement into March of 2020. With that transaction…
OPEC continues to be one of the main talking points for the oil industry. After the OPEC/OPEC+ agreement to prolong the supply cuts all the…
U.S. West Texas Intermediate crude oil futures are showing signs of a successful support base on the daily chart, but are still in a position…
Politics, Geopolitics & Conflict - Turkey has become intricately involved in the conflict in Libya, aiding the UN-backed Government of National Accord (GNA). This has…
Friday July 5, 2019 1. Petrochemicals underperform oil- The oil majors have undertaken massive investments in petrochemical projects, viewing plastics as a more durable investment…
Fundamentals rule. The U.S. conflict with Iran and the widespread instability across the Middle East are only registering as blips on the oil market radar.…
The key theme driving oil prices through the beginning of this week was cooperation. On the OPEC+ front, we’ve had cooperation between MBS and Putin…
The OPEC/OPEC+ agreement is now all the news in the oil sector. This substantial feat is accompanied by ample media coverage and OPEC’s attitude towards…
The new OPEC/OPEC+ production cut agreement is now a confirmed fact, the world’s leading crude producers (the United States excepting) have agreed to prolong the…
What Turkey Really Wants from Libya The past week has seen the conflict in Libya take on far greater significance for external actors. The lines…
Just days ahead of the July 1st OPEC+ meeting, all eyes are firmly on Vienna, and much less so on the incomprehensible back-and-forth between the…
Friday June 28, 2019 1. Africa the new hot spot for LNG- Greenfield investment in LNG could hit a record high this year, and Africa…
I have said many times before, here and elsewhere, that technical analysis has its limitations. The idea that we can look at what happened in…