Eye on Energy

US Total Consumption Falls While Commercial Crude Stocks Rise. Global Economic, Political & Military Update President Trump and Prime Minister Netanyahu have given Hamas until noon on Saturday to release all remaining hostages (alive and the bodies of the dead) as Hamas has not met the phase one conditions. If the release does not happen […]

WTI Crude Oil Falls Below US$72/b As Trump Tariffs Get Delayed For Now. If WTI Falls Below US$70/b We May See New BUY Signal Triggered. Global Economic, Political & Military Update President Trump used his Tariff threats against Mexico and Canada to get support in the battle to keep fentanyl and illegal immigrants outside of

President Trump’s Tariff Agenda Weighs Heavily On Canadian Energy Sector President Trump moved quickly to show he meant business with his Tariff’s. Colombia’s leftist President would not let US planes land in his country with deported criminals that were his citizens. President Trump threatened 25% tariffs immediately and 50% a week later. This would have

WTI Falls >US$3/b Over The Last Week As Markets Await Trump Tariff Decisions. President Trump moved quickly to stamp his policies that he was elected on. Executive orders on closing the border, evicting criminals, ending DEI, opening federal lands to energy development, requiring all federal workers return to their offices full time and many, many

Bidens New Sanctions On Russia Lift Crude Prices >10% In One Week. Expect Reversal Once Trump Takes Office. The quick rise in crude oil prices over the last week after the Biden/Russia black fleet shipping sanctions were announced, lifted crude by 10%. We see this reversing starting next week once Trump is inaugurated with crude

US Crude Oil Inventory Build Lowers WTI Price – Correction Underway. The decline in crude oil prices that started today (downside target range of US$66-68/b) should trigger a new long-term buy signal for the sector when those levels are reached. Normally just one of the three signals we watch is sufficient for us to send

Next Decline In Crude Prices Below US$68/b Should Trigger A New Long Term BUY Signal For The Sector. happy new year from the ser team!   The next decline in crude oil prices (downside target range of US$66-68/b) should trigger a new long-term buy signal for the sector. Normally just one of the three signals

Next Decline In Crude Prices Should Trigger A New Long Term BUY Signal For The Sector. The next decline in crude oil prices should trigger a new long-term buy signal. Normally just one of the three signals we watch is sufficient for us to send out BUY recommendations. This is what happened in September (September

The Energy Sector Is Closing In On A Major BUY Signal In The Coming Weeks. More Bargains Are Appearing Daily. Global Economic, Political & Military Update Canada’s political circus and slowing economy has dragged the C$ to below US$0.70 (now US$0.6980). It would not surprise me to see it fall to the low of US$0.68

Crude Oil Retreats US$2/b On Israel/Hezbollah Ceasefire. I will be away over the next two weeks travelling so the next Eye on Energy will come out on December 18th. We are holding our Q4/24 quarterly webinar tomorrow night November 28th at 7PM MT and this will be an important one for attendees. We plan to