The world is craving for medium sour crude, middle distillates and heavier products. Deep cuts by OPEC+ has created a super tight market for medium to...
US API last night released partial US oil inventory data indicating a draw of 6.2 m b in US crude stocks last week. If the IEA...
Crude oil prices are pulling back this morning on China concerns. But Saudi Arabia is probably very happy with the overall situation. It has showed the...
Coal, oil, and nat gas have been under continuous bearish pressure along with a weakening macro backdrop. Going forward, however, we expect OPEC cuts to drive...
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...
