Oil sells off as Goldman gives up on USD 95/b end-of-year. The front-month Brent contract traded to a high of USD 78.73/b last Monday in response to...
Saudi Arabia again reminded the global oil market who is king. Oil price is ticking carefully upwards today as investors are cautious after having burned their...
History shows that OPEC cuts work wonderfully. When OPEC acts it changes the market no matter how deep the crisis. Massive 9.7 m b/d in May...
A world where OPEC(+) is in charge is a very different world than we are used to during the ultra-bearish 2015-19 period where US shale AND...
China Covid exit is bullish for metals Softer inflation, slight macro-optimism, and China taking a rapid exit from Covid restrictions. Markets have become more optimistic. Inflation indices...
Brent crude had a strong end of the year as it traded at the highest level since 1 December. It is a slow start to the...
Lower before higher The world is slowing down along with fiscal and monetary tightening. The rapid rise in interest rates this year will work with a...
Macro: Hot US, cold China, expensive energy, and a looming food crisis. The US economy is super-hot like it is running on steroids following trillions of...
OPEC+ is to meet virtually in Vienna today for its official half-yearly meeting. The bull-recipe is still intact: ”Reviving demand, muted US shale oil response and...
It is exactly one year since WTI crashed to USD -37.63/bl. Yes, it was probably trading games involved. Yes, it was highly specific to storage and...
