U.S. Energy Secretary Jennifer Granholm seemed to have an incredible idea. She said that any further releases from the U.S. Strategic Petroleum Reserve would be […]
Continue Reading →The oil market was hit with a blunt instrument as Federal Reserve Chairman said he was none too pleased with the strength of the economy […]
Continue Reading →Oil prices can fret about what Fed Chair Jerome might say today or they may fret that in the UK they are asking people to […]
Continue Reading →China’s oil demand expectations come and then they go. On Friday, oil soared on signs of strong demand but today expectations are being tempered. Oil […]
Continue Reading →In the oil world, we sometimes build a wall of false narratives. That leads to the oil market’s tendency to see huge price spikes and […]
Continue Reading →China manufacturing surges. The US is exporting a record amount of crude while imports have come to a screeching halt. Gasoline demand in the US […]
Continue Reading →A global oil supply squeeze is brewing as China’s economy looks like it’s getting ready to soar. Overnight data showed the Chinese manufacturing sector saw […]
Continue Reading →Oil is popping off Russian oil comments surrounding its production cut as a false sense of security has blanketed Europe’s surrounding victory over the global […]
Continue Reading →Global oil markets are having a hard time determining whether they should worry about the economy. Is it too hot or too cold. Red hot […]
Continue Reading →The Energy Information Administration (EIA) reported yesterday that US commercial crude oil inventories increased by 7.6 million barrels last week, give or take 15 million […]
Continue Reading →The oil market still has a recession obsession. Oil prices were under pressure as rate fears are raising larger concerns of oil demand destruction even […]
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Sold Out. The Energy Report 03/10/2023
Oil prices are fluctuating wildly on renewed fears of Fed interest rate increases. Yet when it comes to oil in Saudi Arabia, they are all […]
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