The scariest statement for oil traders these days is “we are exploring strategic options including a sale.” That statement, released conveniently by PacWest Bancorp after […]
Continue Reading →The correlation between banking turmoil and plunging oil prices is undeniable. Oil prices weakened after the second biggest bank failure in the United States, First […]
Continue Reading →Another bank failure, a term we hear quite often these days under the Biden administration. Oh I forgot, they’re blaming Trump again and this failure […]
Continue Reading →There are more clear signs that the Biden administration attempts to punish Russia by banning their oil has failed. Partly because despite their best efforts […]
Continue Reading →Oil players and buyers of oil have no sense of urgency, living hand to mouth on the belief that even as the market is starting […]
Continue Reading →I guess you could yell fire in a crowed movie theater or refuse throw a life preserver to a drowning man. Or maybe just say […]
Continue Reading →Reports that First Republic bank was closing a unit of the bank and looking to offload a mere 100 billion dollars in assets was enough […]
Continue Reading →Oil prices looked as if they were going to mount a rally before old banking worries reemerged. Oil double bottomed yesterday on Friday’s 7672 low […]
Continue Reading →Global oil supplies are becoming more unstable under the Biden administration as Sudan breakouts out in all-out war. The Biden administration had to once again […]
Continue Reading →Do you ever think that China, OPEC, and Russia get tired of winning on energy policy. Global energy polices in Europe and President Biden in […]
Continue Reading →Oil prices seem to want to fill the price gap created by the price spike after the OPEC production cut announcement. The weakness in oil […]
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Intertwined. The Energy Report 05/05/2023
For oil, the expectations for a recession and the health of the banking system are intertwined. By almost every supply and demand metric, currently the […]
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