The leading economics blog online covering financial issues, geopolitics and trading.
Back in December 2014, the start of the worst oil rout since the financial crisis claimed its first victim when 113 year old Phibro, then…
As discussed over the weekend, the endgame in Venezuela is accelerating and it is now only a matter of time before the Maduro regime exits,…
It appears that Horseman Global's Russell Clark may have been spot on with his bearish take on the US shale sector. As a reminder, in…
Back in May, we pointed out an interesting observation made by Goldman: unlike late 2015 and most of 2016, when equities demonstrated surprising resilience to the swoon…
Fusion is the epitome of “high risk, high reward” scientific research. If we were to ever successfully harness the forces that power the stars, mankind…
One month ago, we reported that based on recent data, June oil output from shale producers would post the first double-digit production growth since July…
In its just released latest market report for the month of July, OPEC admitted it has a problem: more than six months after the Vienna…
Exactly six months ago, when oil bulls still held on to some fleeting hope that OPEC may somehow stabilize the crash in oil prices despite…
Dispensing his usual dose of optimistic crude oil buzzkill, Bloomberg energy strategist Julian Lee points out something troubling to both OPEC and those who are…
Foreign ministers from Egypt, Saudi Arabia, the United Arab Emirates and Bahrain released statements following a meeting in Cairo on Wednesday, after the latest deadline…
One month ago, after the shocking collapse of the Gulf nation status quo with the announcement of the diplomatic, naval and financial blockade of Qatar…
One day after Goldman issued a confused, rambling note in which the bank cuts its 3-month WTI price target by $7.50 from $55 to $47.50…
There's a reason this week's EIA survey showing gasoline and oil supplies declining has failed to stop RBOB prices from collapsing to 7-month lows: The…
Less than a day after the Senate overwhelmingly voted to impose new sanctions against the Kremlin, on Thursday Germany and Austria - two of Russia's…
There’s no end in sight to slumping oil prices - good news for consumers but a dire development for major oil producers like Saudi Arabia…
While the June oil production data is still pending, it is safe to say that the June oil output from U.S. shale producers - estimated…
Thanks to a 13 percent surge in crude imports (as refiners prepare for maintenance season), China's trade surplus hit its highest since Jan (though -4…
AAA is raising premiums on Tesla vehicles by 30% after data showed that owners of Model S and Model X cars filed claims at abnormally…
Usually when CFTC data shows a big speculative position, it is easy to spot the corresponding mood amongst traders. For example, take the current situation…
Iran signed an agreement with Russia under which it has broken free from the petrodollar, and will "sell", or rather barter crude oil to Russia…