After being exiled 12 years…
Western oil majors are facing…
After no candidate was able…
U.S. West Texas Intermediate crude oil traded lower on Thursday as the U.S. Dollar soared on hawkish comments from a widely followed Federal Reserve member. Prices were already trading lower…
U.S. West Texas Intermediate crude oil futures closed higher on Thursday after recapturing earlier losses. The catalyst behind the price reversal was milder-than-expected U.S. consumer inflation data. The economic news…
1. Brussels Investigates Traders’ Gas Profit-Making- According to media reports, the European Central Bank…
Politics, Geopolitics & Conflict Iran is offering large amounts of fuel to Lebanon directly, rather than the typical small amounts it has offered in the past through its proxy, Hezbollah.…
I am, as I have said here many times, a contrarian trader by both nature and training. I have been in and around markets for forty years and one of…
In another possible defeat, Russia’s some 20,000 forces allegedly have been ordered to withdraw from Kherson this week to the other side of the Dnipro River. Despite large…
U.S. West Texas Intermediate crude oil futures are trading lower late Thursday, pressured by a stronger U.S. Dollar and worries that further aggressive interest rate hikes by the Federal Reserve…
1. A Flotilla of US Oil Is Moving Toward Asia- Deliveries of US crude to…
Politics, Geopolitics & Conflict This week, we saw a fairly big scare for the oil industry in the form of an intelligence-sharing event between the Saudis and the Americans warning…
2022 has, so far, been a remarkable year for energy investors. If you own stock in the big three US oil companies which, in the interest of full disclosure I…
General Khalifa Haftar is again warning that he may move to war in Libya as the stalemate continues. Oil is still miraculously pumping, but that may not last,…
December WTI crude oil futures finished higher on Thursday, putting the market in a position to close higher for the week. The bullish price action was fueled by a number…
1. There’s No Good Way to Solve US Fuel Shortage- When Valero (NYSE:VLO) kicked off…
Politics, Geopolitics & Conflict In the Kurdistan Region of Iraq (Iraqi Kurdistan), those remaining oil companies who have unilateral E&P deals with the Kurdistan Regional Government should be very concerned…
From the middle of June until the end of last month, crude was in a sustained downward trend that saw WTI futures drop 38% from a June 14th high of…
The oil markets certainly remember September 14, 2019, when Yemen’s Iran-backed Houthis launched a drone attack on Aramco oil facilities in Eastern Saudi Arabia, cutting Saudi oil production…
U.S. West Texas Intermediate crude oil futures are trading nearly flat after posting a volatile two-sided trade throughout the week. Underpinning prices were concerns over tightening supply that offset the…
1. Gasoline Prices Drop Back After Brief Surge- After several weeks of increasing gasoline prices,…
Politics, Geopolitics & Conflict Some 700,000 men have fled Russia since the announcement of a partial mobilization on Sept 21st. Demonstrations have been taking place across the country, and mobilization…
Long-time readers with very long memories may remember that several years ago, I wrote here about stock in a company called Amyris (AMRS). I was bullish on the stock at…