After being exiled 12 years…
While there are some bullish…
Volatility is the buzzword in…
The June WTI crude oil futures contract witnessed fluctuations throughout the week, responding to various factors. Despite solid U.S. economic data that fueled a stronger dollar and raised expectations of…
1. OPEC Lambasts Anti-Oil Sentiment, Warns of Underinvestment- OPEC+ compliance with its collective targets keeps…
Politics, Geopolitics & Conflict While the battle rages on in Sudan between the military and a paramilitary group called the Rapid Support Forces (RSF), the big question for oil market…
On Monday, the US Department of Energy announced that it will begin buying crude oil to restock the Strategic Petroleum Reserve (SPR), the level of which hit a multi-decade low…
With Turkey’s presidential and parliamentary elections heading into a run-off vote on May 28th, Erdogan has the new god of selective censorship (Elon Musk on his Twitter throne)…
Over the last year or so, probably the most spectacular move in any energy-related market has been the collapse of natural gas (NG). The price of front-end futures in the…
On Thursday, US benchmark West Texas Intermediate crude oil prices experienced a 2% decline, reaching a one-week low. The drop then continued on Friday morning. This drop can be attributed…
1. Canada Wildfires Curb Gas Output- Canada’s ongoing state of emergency that was triggered by…
The Arab world has welcomed Syria back into the fold; specifically, by readmitting the Assad regime into the Arab League, from which it was evicted 12 years ago.…
U.S. West Texas Intermediate crude oil futures plunged on Thursday, reaching their lowest point since late March. The move also turned the market lower for the week. Crude oil is…
1. Recession Worries Wipe Out Most of OPEC+ Upside- Oil prices have been sliding for…
Politics, Geopolitics & Conflict Fighting continues to rage in Sudan (it’s been a week) in what is looking increasingly likely to descend into a civil war, with a powerful paramilitary…
Over the next week or so, we will see quite a few significant energy companies’ Q1 earnings reports, culminating in the big two, Exxon Mobil (XOM) and Chevron (CVX), who…
Turkish President Recep Tayyip Erdogan hit the jackpot with a recent natural gas discovery in the Black Sea. Now he is offering up free gas in the biggest…
Crude oil closed lower on Thursday after an OPEC report raised concerns about summer demand, encouraging traders to book profits after the market failed to follow through to the upside…
1. Chinese Oil Imports Soar to New Highs- Chinese crude imports…
Politics, Geopolitics & Conflict The purported U.S. intelligence leaks that were mysteriously been floating around social media for a month (possibly longer) before being detected speak volumes in one particular…
War is a dirty business. The war profiteers descend on these battlefields like vultures. There are no exceptions. Ask Bosnians. Ask Iraqis. Ask Syrians. Take your pick. Everything…
June WTI crude oil prices remained relatively stable on Thursday and into Friday morning but marked a third consecutive weekly increase as investors evaluated the impact of OPEC+ production cuts…
1. Gasoline Might be a Problem for US East Coast• As US gasoline stocks have…