The leading economics blog online covering financial issues, geopolitics and trading.
The managers of the infamous USO ETF really do not want to be dissolve this "retail killer" which in Kyle Bass's words has "vaporized billions from unweary…
By now even the 165,727 "professional investors" who are long the USO ETF on the free, glitch-prone platform Robin Hood, are aware that the problem facing…
It was only six years ago that financial professionals thought they had stumbled into the twilight zone when central banks first ushered in negative interest…
As if oil prices needed any more help on their downward spiral towards the teens, The IMF just slashed global growth to the worst since…
Shortly after Mexico won a historic "Mexican standoff" with Saudi Arabia on Sunday afternoon, and was exempt from a historic 9.7mmb/d oil production cut by…
As oil traders look with dread and fear to tomorrow's OPEC+ teleconference one day after crude oil tumbled amid speculation that the production cut standoff…
As part of the Coronavirus CARES Act, the $2 trillion fiscal stimulus meant to resuscitate the US economy, Congress allocated $454 billion to help underwrite…
Over the past week, I have taken my bullishness on tankers from level 10 to 11. It started with the Saudis busting out of the…
If any company is bracing for the shock of falling U.S. auto sales, it's got to be Group 1 Automotive. The company owns and operates 186…
A month ago, Goldman Sachs suggested there is more to come for precious metals as with rates getting closer to their lower bound, gold looks increasingly…
Italy has gone full "Wuhan" with a massive lockdown across the country amid a virus crisis that has paralyzed its economy. So far, 63,927 confirmed cases of COVID-19 had been…
Gasoline futures in New York fell as much as 13 percent to $0.50 a gallon, the lowest level since the current contract started trading in…
Following the 2014 Thanksgiving massacre, Saudi Arabia effectively broke up OPEC to try to kill the US shale sector by overproducing oil and sending prices…
Sydney-based consultancy CAPA Centre for Aviation warned in a statement on Monday morning that most of the world's airlines will be bankrupt by the end of May. Airline…
With energy junk bonds crashing... ... amid a (long-overdue) investor revulsion to the highly levered energy sector, much of which is funded in the high yield…
Today in "news that affects all electric vehicle manufacturers but definitely not Tesla stock", Audi has announced that it has suspended production of its e-Tron electric…
In a recent Wall Street Journal article, Mary Anastasia O’Grady writes that Venezuela’s “National Superintendency for the Defense of Socio-Economic Rights is reportedly pressuring stores to accept the…
Covid-19's effect on global energy markets has been disastrous. OPEC slashed its oil demand forecast last week, and Goldman Sachs doubled down on its bearish oil take…
Just days after OPEC slashed its oil demand forecast as a result of the slowdown in China's economy due to the Covid-19, moments ago Goldman…
Perhaps buoyed by speculation that oil demand in China is set to plunge as much as 20% if not more on the coronavirus "demand shock", on Tuesday OPEC slashed…