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In the past two weeks, Iran has rejoined the OPEC production freeze headline and jawboning fray, by making bold statements that it would be willing…
So what do you do when the commodity you harvest and sell suddenly collapses by 50-60 percent and slashes your operating profit? If you said,…
Exactly 24 hours ago, we explained why - in our view - the oil rally was over, and gave four key reasons: 1. After the…
Introduction: There has been much debate in the oil industry regarding this subject with a lot of poor analysis, no analysis at all, opinions, raw…
Ever since the February crash, when oil tumbled to 13 years lows, and when OPEC started releasing tactical headlines at key inflection points about an…
Following his bearish note last week, Morgan Stanley's oil analyst Adam Longson is out with a new report, in which he accurately explains that the…
WTI is now up 14% from its lows last week, with Sept 2016 trading back above $44.50 at 3-week highs. Oil's rapid OPEC-headline-driven recovery continues...…
Having briefly dipped under $40, oil quickly rebounded over the past few days after the now traditional rumors of an "imminent" OPEC oil supply cut…
Morgan Stanley's Adam Longson has been one of the most bearish sell-side analysts on oil, and overnight he confirmed he isn't going to change his…
Oil prices rose Monday as modestly stronger margins for refiners provided support to the market despite the continuing glut of crude supply. The October contract…
WTI Crude is up over 6 percent in 24 hours since yesterday's surprise build (and production cut), as the machines squeeze out an over-exuberant short…
As the Financial Times reported on 12 July, Saudi Arabia’s oil-output reached record highs in June 2016. Increasing production 280,000 barrels/day to 10.6m b/d, Saudi…
After six straight weeks of drawdowns and against expectations of a 2.5mm barrel build, API reported a massive 6.736mm barrel drawdown - the biggest since…
The troubles that Saudi Arabia has been facing due to the plunge in oil prices have been discussed many times, most recently when Saudi authorities…
Between Doha hopes (and nopes), Nigerian supply 'disruptions' which apparently cannot be stopped (conveniently for many oil producers, equity bulls, and central bank inflation watchers),…
Back in mid-April, when Iran was desperate to start exporting the millions of barrels it was pumping each day out of the ground, it found…
With Saudi Riyal forwards plunging back below 3.81, dramatically weaker than the current peg, Bloomberg reports that Saudi authorities are cracking down on currency traders…
Last week the bond market was stunned by the unprecedented demand for sovereign paper issued by Qatar. The Middle Eastern nation announced it would issue…
Yesterday we highlighted something strange: while oil prices have rebounded from multi-year recent lows, gasoline prices have not only rebounded but have done so with…
Previously we documented that as a result of the still low oil prices, largely a result of Saudi Arabian strategy to put high cost producers…