I don’t think I’ve read a more unbelievable statistic.
Can Bloomberg really only use FOUR people to generate one of the most watched oil estimates in the world—a number that moves billions of dollars each week?
A report from Canadian brokerage firm RBC Dominion two weeks ago suggests that that is...
Psychological fears of an oil glut are have caused oil prices to drop from $55-$48. But there is some fundamental economic factors that suggest this price drop will be short lived.
So far in 2017, U.S. crude oil inventories have increased 49.38 million barrels to 528.39 million barrels as the...
The core strategists of OPEC are brilliant.
In a nutshell, they’ve done TWO incredibly smart things.
One is that by timing their much publicized production cuts to start in January 2017—when oil demand starts a steep rise—they really don’t have to cut at all.
As you can see on the chart, oil...
Who is saying “America First” when it comes to oil?
OPEC is! And it means US oil stocks—especially in the Permian Basin in Texas--should have a great run in the coming months.
It’s so simple—let me explain.
The rising oil price is now pricing in a production cut of 1 million barrels...
Imagine if you will a street on which there are three identical houses.
I’m not talking about similar houses.
Not houses that look kind of the same.
I’m talking about identical houses.
Built the same year, in the same condition, with the same design and square footage. Even the colors are the same.
If...
The media said there was no winner at the June OPEC meeting held early this past week.
But there was—a big winner in fact.
OPEC producers didn’t win because they didn’t get a production-cap deal that would instantly give them a higher oil price.
Even the Saudis are now issuing multi-billion dollar...
The Offshore Oil Business Is Crippled And It May Never Recover
How badly do oil producers want to transition out of the deepwater and focus on shale? And guess what that means for the global oil price?
Exxon Mobil (NYSE:XOM) just paid Seadrill (NYSE:SDRL) $125 million in cash to get out of its commitment to...
We are now into Round 2 of the Global Oil War—where the Saudis maximize their revenue, and keep US shale producers—and their lenders—under the Saudi thumb.
But there are a few very smart men—and I’ll tell you about a few of them in a minute—who think the price war will...