The leading economics blog online covering financial issues, geopolitics and trading.
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…
In the aftermath of Saudi Arabia's explicit threat to sell off U.S. Treasuries (of which according to the NYT it had some $750 billion) should…
While oil bulls were delighted by Wednesday’s DOE news of an inventory drawdown refuting the prior day's API news of a major build, what was…
According to data compiled by Haynes and Boone, in just the first four months of 2016 there had already been double the amount of bankrupt…
Following the biggest news of this weekend, the (anticipated) resignation/termination of Saudi Arabia's longstanding oil minister Ali al-Naimi, everyone has been wondering about what comes…
It was almost a year ago, when having tumbled in early 2015, oil proceeded to rebound strongly into the summer, where it traded at about…
It took the market over a day to appreciate the fallout from the devastating Canadian wildfire which has led to a state of emergency in…
The dollar's gyrations remain a key source of inspiration for traders with the fundamental focus continuing to switch between falling U.S. and rising OPEC production,…
Saudi Arabia has been in the news recently for several interconnected reasons. Underlying it all is a spendthrift country that is rapidly becoming insolvent. While…
In one of the least surprising highlights from the ongoing earnings season, yesterday we reported that as oil continues to rise, U.S. shale companies are…
Regular readers know that we've covered Alberta's decline at length (refresher here), so there is no need to give much of a backstory other than…
Despite oil's rebound from cyclical lows and the world's exuberance that the energy space may be saved (on the basis of headline-reading algo pumping momentum…
For the latest indication of how bad the recession in the U.S. oilfield services sector is, we took a look at last night's Schlumberger results…