China over delivered but oil underwhelms yet is still holding above key support levels. Chinas GDP beat expectations coming it at 4.5% in the first […]
Continue Reading →The climate do-gooders from the so-called Group of Seven rich nations, decided to put more burden on the poor by pledging a quicker phase out […]
Continue Reading →Tensions are rising between the International Energy Agency (IEA) and OPEC. While there has always has been tension between the IEA, which supposedly represent the […]
Continue Reading →Oil prices are on their way to the wild blue yonder after closing at the highest price since November and above the 200-day moving average. […]
Continue Reading →The ever-optimistic Energy Information Administration (EIA) predicted in their “Short Term Energy Outlook” [STEO] that US refining capacity will average 90% this year and again […]
Continue Reading →OPEC Plus Russia is becoming Biden’s worse nightmare! Ok, maybe his worst nightmare along with security leaks, cities where crime rates have gone through the […]
Continue Reading →Oil prices are getting used to oil in the eighty-handle supported by coming OPEC production cuts as well as rising geopolitical risk. China’s tensions with […]
Continue Reading →It you thought the OPEC production cut was going to be the only indignity that Saudi Arabia would direct at the Biden administration, well you […]
Continue Reading →Oil prices continued to surge because of interference with market dynamics. That is one of the main reasons that OPEC plus surprised the market with […]
Continue Reading →Joe Biden seemed to show distain for President Trump’s “America First” Agenda. Biden was also very jealous with the high regard that President Trump was […]
Continue Reading →A “surprise” oil production cut and the price cap falling apart, it was only a matter of time until the petroleum markets broke out. The […]
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Price Cap Trap. The Energy Report 04/19/2023
They are caught in a trap, and they can’t get out! Global economic leaders are probably embarrassed by trying to support a price cap on […]
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