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Breaking News:

U.S. Gasoline Prices Ripe For Volatility

Saudi Arabia's Oil Earnings Drop

Saudi Arabia's Oil Earnings Drop

Saudi Arabia's decision to unilaterally…

Oil Markets On Edge Ahead Of OPEC Meeting

Oil Markets On Edge Ahead Of OPEC Meeting

Oil markets are growing increasingly…

Japan's Efforts To Reduce Its Reliance On LNG

Japan's Efforts To Reduce Its Reliance On LNG

Japan's imports of LNG continue…

Global Energy Alert

The Oil Market Has Shifted Into A New Cycle

The Oil Market Has Shifted Into A New Cycle

Jun 09, 2023 at 09:08 | Editorial Dept

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…

Saudi Arabia's Oil Earnings Drop

Saudi Arabia's Oil Earnings Drop

Jun 09, 2023 at 09:06 | Editorial Dept

1. Saudi Arabia Takes One for the Team - Saudi Arabia’s decision to unilaterally cut 1…

Tensions Between The Wagner Group And Russia's Military Mount

Tensions Between The Wagner Group And Russia's Military Mount

Jun 09, 2023 at 09:05 | Editorial Dept

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…

Is The EV Charger War Over?

Is The EV Charger War Over?

Jun 09, 2023 at 09:03 | Editorial Dept

"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…

The Prospect Of Weaponizing Oil Against China

The Prospect Of Weaponizing Oil Against China

Jun 09, 2023 at 09:00 | Editorial Dept

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…

Oil Demand Outlook Remains Uncertain Ahead Of OPEC Meeting

Oil Demand Outlook Remains Uncertain Ahead Of OPEC Meeting

Jun 02, 2023 at 08:56 | Editorial Dept

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…

Japan's Efforts To Reduce Its Reliance On LNG

Japan's Efforts To Reduce Its Reliance On LNG

Jun 02, 2023 at 08:56 | Editorial Dept

1. Exxon Sees Future in Chinese PetrochemicalsDespite a dramatic worsening in the US-Chinese relationship in…

What Erdogan's Reelection Means For Sweden's NATO Bid

What Erdogan's Reelection Means For Sweden's NATO Bid

Jun 02, 2023 at 08:56 | Editorial Dept

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…

Oil Markets On Edge Ahead Of OPEC Meeting

Oil Markets On Edge Ahead Of OPEC Meeting

Jun 02, 2023 at 08:55 | Editorial Dept

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…

Trading Crude With A Short Bias

Trading Crude With A Short Bias

Jun 02, 2023 at 08:10 | Editorial Dept

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…

Mixed Messages From OPEC+ Keep Markets On Edge

Mixed Messages From OPEC+ Keep Markets On Edge

May 26, 2023 at 06:49 | Editorial Dept

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…

Are Oil Majors Spending Enough On Research And Development?

Are Oil Majors Spending Enough On Research And Development?

May 26, 2023 at 06:47 | Editorial Dept

1. Upcoming OPEC+ Meeting Might be An Exercise in “Ouching”- Saudi Arabia’s Energy Minister Abdulaziz…

Iran Responds To Israeli Threat By Test-Launching Ballistic Missile

Iran Responds To Israeli Threat By Test-Launching Ballistic Missile

May 26, 2023 at 06:44 | Editorial Dept

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…

A U.S. Default Is Unlikely, But So Is An Oil Rally

A U.S. Default Is Unlikely, But So Is An Oil Rally

May 26, 2023 at 06:41 | Editorial Dept

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 Lost Control Of The Wagner Group

Putin Has Lost Control Of The Wagner Group

May 26, 2023 at 06:39 | Editorial Dept

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…

Bearish Sentiment Keeps Traders From Going Long On Crude

Bearish Sentiment Keeps Traders From Going Long On Crude

May 19, 2023 at 05:33 | Editorial Dept

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…

Oil Majors Face Tough Choices Ahead Of Shareholder Meetings

Oil Majors Face Tough Choices Ahead Of Shareholder Meetings

May 19, 2023 at 05:31 | Editorial Dept

1. OPEC Lambasts Anti-Oil Sentiment, Warns of Underinvestment- OPEC+ compliance with its collective targets keeps…

Russia And Iran Plan To Challenge The Suez Canal With New Trade Corridor

Russia And Iran Plan To Challenge The Suez Canal With New Trade Corridor

May 19, 2023 at 05:28 | Editorial Dept

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…

Why The Market Didn't React To The Latest SPR News

Why The Market Didn't React To The Latest SPR News

May 19, 2023 at 05:25 | Editorial Dept

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…

Why Erdogan Is Expected To Win Turkey's Presidential Runoff

Why Erdogan Is Expected To Win Turkey's Presidential Runoff

May 19, 2023 at 05:23 | Editorial Dept

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)…

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