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Oil bulls were unhappy with yesterday's OPEC announcement, which disappointed by adding nothing to the 9 month supply cut extension announcement which had already been…
When OPEC sits down on Thursday, keeping the price of Brent above $50 (to avoid a budget catastrophe and social upheaval in Saudi Arabia) and…
In the end, the OPEC Vienna meeting - which technically won't conclude until tomorrow - was anticlimatic, with the recommendation by Joint OPEC-Non-OPEC Ministerial Monitoring Committee…
Goldman, which has been pushing for higher oil prices with seemingly daily bullish research reports for the past month, underwrote the last Saudi Arabian bond…
The value of the crude oil production alone is worth a staggering $1.7 trillion each year. Add downstream fuels and other services to that, and…
With oil prices spiking nearly 10 percent from last Friday's sudden, capitulation "flash crash" which was perhaps driven by Pierre Andurand liquidating his entire long…
When it comes to the oil market, the narrative over the past year, ever since OPEC's first aborted its meeting last April, has been just…
Undeterred by earlier failures to jawbone the price of oil higher, a new barrage of headlines hit courtesy of Reuters reiterating more of the same,…
An electric automobile will convert 5-10 percent of the energy in natural gas into motion. A normal vehicle will convert 20-30 percent of the energy…
Two months ago we first suggested that OPEC may be fabricating data about its production cuts - and certainly overstating the "success" of the Vienna…
Just as we warned yesterday following the EIA inventory and production data release, the exuberance over the crude draw was misplaced (due to the surge…
As Saudi Arabia's deputy crown prince, Mohammad bin Salman Al Saud, pushes his nation's Vision 2030 economic overhaul and crows of the $2 trillion Saudi…
The much anticipated Tesla Model 3 has yet to be released and already a groundswell of electric car competition is forming to challenge Elon Musk's…
Adding fuel to an already highly combustible situation in Southeast Asia, Reuters reported Tuesday that China has “largely completed major construction of military infrastructure on…
Elon Musk, Silicon Valley's automotive visionary, loves to wow the world with grandiose visions that serve primarily to reinforce his position at the top of…
At the start of March, we showed a fascinating chart from Rystad Energy, demonstrating how dramatic the impact of technological efficiency on collapsing U.S. shale…
In what will hardly come as a surprise, Tesla - which burned half a billion dollars in the fourth quarter - just announced it is…
Something unprecedented happened last November when OPEC sat down in Vienna to hammer out the final terms of its oil production cut deal (which, incidentally,…
With Tesla’s stock price down 15 percent in the last few weeks, amid a roaring market, it appears doubts about Elon Musk's omnipotence are creeping…
Nearly 20 states have raised gas taxes or recalculated gas-tax formulas in recent years to generate additional revenues. Which, of course, is an extremely politically…