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Iraqi Oil Supply Exploding
From Bloomberg Briefs: Iraqi oil production has absolutely exploded during the last 6 months to now more than 4 million barrels of oil per day. This is occurring even as ISIS continues to conduct its...
View ArticleEnergy & Gold Evening Must Reads
A wild day in the equity markets and some early signs of a bottom in crude. Here’s what we are reading this evening… Marketwatch: He called $50 oil, now he says it’s going lower….although he also...
View ArticleEnergy and Gold’s Evening Must Reads
Bears come out to play as Gold, Silver, Platinum and Gas among other commodities get mauled MarketWatch: Gold post biggest drop in the past 14 months!!! Mining.com: Potash Corp profit rips 77% on...
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Why This Crude Rally is Different
Last week we highlighted 6 positive signs for crude oil. As it would turn out less than 48 hours later crude would briefly break below $44 only to quickly reverse sharply higher and end the week above...
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Crude Oil: A Very Delicate Balance
As WTI crude oil tests an important area of support/resistance near $49 there are some signs that crude prices could ultimately fall below $40 if certain supply conditions remain present. The global...
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Surging OPEC Oil Production
OPEC crude oil production surged by roughly 1 million barrels per day in March after consecutive months of decline: Meanwhile, there is some question about US production declines as the data doesn’t...
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OPEC Fuels Biggest Oil Rally Since 2009
WTI crude oil futures are in the process of posting their largest 3-day rally since early 2009. Crude futures are now up ~22% since early Thursday morning’s lows: This morning’s powerful bullish...
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OPEC Production Continues To Pressure Oil Prices
OPEC oil production rose to 31.77 million barrels per day in November, another record month of output which is well above the 30 million barrel per day quota the coalition of oil producing nations has...
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Global Crude Oil Market Moves Back Into Deficit
The market has done what it does best and that is to adjust to supply & demand and settle into a new equilibrium price range: The global crude oil market is moving back into deficit after...
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