Saudi Arabia's decision to unilaterally…
Oil markets are growing increasingly…
Japan's imports of LNG continue…
Saudi Production Cuts Provide Early Boost to Crude Oil Prices Monday began with a surge in U.S. WTI crude oil prices, driven by Saudi Arabia's announcement of an additional production…
1. Saudi Arabia Takes One for the Team - Saudi Arabia’s decision to unilaterally cut 1…
Energy Markets The biggest news of the week in oil markets is, of course, the newest round of OPEC+ production cuts that came out of the June 4 meeting, and…
"Editorial demands meant that this piece was written on Thursday, before the news of GMs move to the NACS broke. That story, however, doesn't really change things in terms of…
U.S. Defense Department officials have been busy spreading the message that in the event of an intensified conflict with China, CENTCOM could cut off China’s oil imports by blocking oil…
Ahead of the upcoming OPEC+ meeting, July WTI oil prices saw a significant increase on Thursday, offsetting rising inventories in the US. The passing of a bill to suspend the…
1. Exxon Sees Future in Chinese PetrochemicalsDespite a dramatic worsening in the US-Chinese relationship in…
Politics, Geopolitics & Conflict It’s official: Erdogan will remain president of Turkey for five more years after the results of a “free and fair” election, at least if you fail…
The OPEC+ chatter this week is unbearable. Analysts, traders, and media alike have spent considerable time reading tea leaves to determine what course OPEC+ will take at its…
In the last week of April, I wrote in these pages that even though the chart for crude futures (CL) was flashing a buy signal, fundamental factors had a bearish…
On Thursday, US benchmark July crude oil futures prices declined after Russian Deputy Prime Minister Alexander Novak suggested that there might not be any additional production cuts by OPEC+ in…
1. Upcoming OPEC+ Meeting Might be An Exercise in “Ouching”- Saudi Arabia’s Energy Minister Abdulaziz…
Politics, Geopolitics & Conflict Iran’s response to an Israeli threat to take unspecified action against Tehran’s nuclear program was to test-launch a ballistic missile on Thursday, demonstrating a 2,000-km range…
This week, as the deadline for reaching an agreement on raising the US debt limit approached, the ratings agency Fitch announced that they were placing the AAA debt rating of…
Putin has failed to temper Prigozhin, the head of Russia’s private mercenary group, Wagner. In fact, Prigozhin is now becoming a global household name, finding himself in the…
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)…