The OPEC+ Cut Is A Disaster For President Biden
The OPEC+ decision to cut its production quota by 2 million bpd has placed the Biden Administration between a rock and a hard place, with...
Is This The Next Major Threat For Oil Demand?
Manufacturing growth in the United States slowed in September to its lowest rate since the pandemic recovery started, in another sign that the U.S. economy...
Oil Markets Are Set Up For A Bull Run
After weeks of losses, oil markets appear to be set up for a rally as multiple bullish catalysts come together. The expected cut to OPEC+...
An Oil Supply Shock May Be Imminent
When the chief executive of Aramco said earlier this week that years of underinvestment had damaged the balance between supply and demand in the oil...
Europe’s Energy Crisis Will Not Be “A One Winter Story”
Reduced energy supply due to the sanctions against Russia and Moscow shutting down key pipeline gas export routes will leave Europe scrambling for oil and...
Wall Street Sees Another Big Commodities Rally In 2022
Even with oil prices now around $95, and commodities across the board dropping amid bearish economic prospects, a lineup of analysts still see another bull...
Goldman Sees $5 Gasoline, $130 Brent By Year End
The price of retail gasoline just dipped below $4 per gallon, AAA data showed on Thursday, but prices could rise to $5 per gallon by...
Today’s Energy Crisis Spells Disaster For The Global Economy
It is my view that when energy supply falls, it falls not because reserves “run out.” It falls because economies around the world cannot afford...
Will Falling Oil Prices Alter The Fed’s Aggressive Rate Hike Plan?
Over the past two months, the oil price rally has seriously lost momentum, with prices remaining range-bound as fears intensify that the global economy could...
Recession Fears Can’t Curb The Commodity Boom
Earlier this week, Brent crude fell below $100 per barrel for the first time in months. So did West Texas Intermediate. Copper dropped to the...