The earth just seems to be one big, massive ball of collusion. Russia, the country that famously was accused of colluding with the Trump campaign […]
Continue Reading →Roll out the barrels and let the good times roll as Iran’s oil industry continues to thrive under the Biden administration and their policy of […]
Continue Reading →The recent price crash in oil led by hedge funds is raising the possibility of OPEC’s revenge. There is little doubt at this point that […]
Continue Reading →The Fed might not see a recession coming but the oil market is pricing one in. Oil collapsed into “bear market territory” in a technical […]
Continue Reading →Hedge funds with their near-record short position still control the market’s direction until proven wrong. The shorts are betting that OPEC won’t have the stomach […]
Continue Reading →Oil prices still can’t turn the bullish corner as the Biden administration makes it clearer that Iran will not face any consequences for funding one […]
Continue Reading →Remember all that talk about demand destruction causing a collapse in oil prices? The funny thing about that is the data does not back it […]
Continue Reading →Oil is getting a bid back perhaps because they realize that the recent sell-off was way overdone based on global supply and demand or perhaps […]
Continue Reading →The petroleum buyers are gone, unless you are talking oil call options, as supply and demand take a back seat to rising macroeconomic fears. Maybe […]
Continue Reading →While the technical damage to the petroleum complex markets is undeniable, the question becomes how much of this reflects a major collapse in global demand […]
Continue Reading →Oil and products continue to get hit on the perception that the Chinese economy has hit a brick wall, raising the risk of a global […]
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Gobble Squabble. The Energy Report 11/27/2023
The West Texas Intermediate crude oil is out of whack with Brent crude and the rest of the commodity complex this morning. The market is […]
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