The Permian Basin, the most…
Tight supply in oil markets…
The recent decision by the…
Politics, Geopolitics & Conflict Once again, it’s China stepping into the vacuum in Iraq, targeting the oil industry. This time, Iraq is set up for a multi-billion-dollar bailout from Beijing…
Last week, I talked about the illogicality of recent moves in crude, and there has been more of the same this week, if anything even more pronounced. I guess I…
Last week, we asked how quickly General Haftar might grow weary of waiting on an elusive oil revenue agreement while the country continues to pump out 1.2 million…
U.S. West Texas Intermediate crude oil futures are trading higher on Friday as major producers agreed on a compromise to continue some cuts to production to cope with coronavirus-hit demand…
1. Exxon’s sharp CAPEX cuts- ExxonMobil (NYSE: XOM) announced plans to cut its CAPEX down…
Politics, Geopolitics & Conflict - Trump is adding China’s national offshore oil and gas producer, CNOOC, to the U.S. defense blacklist, launching a salvo that looks a lot like a…
Usually, when a market move makes no sense to you, it is you that is wrong. As my old dealing room boss loved to say, or rather shout, the market…
Libya has stunned everyone by fairly quickly ramping up to 1.2 million bpd in a matter of months. That’s an impressive feat impressive given the damage that was done. But…
U.S. West Texas Intermediate crude oil futures are putting in a mixed performance on Friday on low post-holiday volume. Earlier in the session, the U.S. futures contract fell more than…
1. Energy catches fire amid broad rally- Oil prices have remained mostly stuck in the…
Politics, Geopolitics & Conflict The Houthi rebels have claimed that they struck an Aramco distribution facility this week in Jeddah. Energy Ministry sources said there was a fire at the…
The UAE’s largest oil company, ADNOC, this week approved its oil investments for the next five years, to US$122 billion. As ADNOC’s five-year plans go, it’s not the…
U.S. West Texas Intermediate crude oil futures are trading flat but remained on track to record their third consecutive weekly rise. The catalysts behind the gains were speculation that OPEC…
1. V-shaped recovery and a bull market- While the V-shaped recovery hopes were dashed for…
Politics, Geopolitics & Conflict Keep a close eye on Libya - and particularly on Sirte (the gateway to Libyan oil) following the November 3rd agreement for a permanent ceasefire. There…
Over the last five or six months, natural gas has been a dangerous market in which to play, with massive intraday swings being part of sustained long-term moves punctuated by…
Vaccine progress or not, the market is riveted with OPEC actions. And that is because the industry is well aware that even the most promising of vaccine news…
U.S. West Texas Intermediate is trading lower on Friday. The catalysts behind the selling pressure are fears over skyrocketing COVID-19 cases and their negative effect on the global demand recovery.…
1. Oil rallies on vaccine hopes- The oil bulls returned this week on the extraordinary…
Politics, Geopolitics & Conflict The Armenian government has signed what it has referred to as a “painful” agreement with Russia and Azerbaijan to end the war over the disputed area…