Eye on Energy

Saudis Squeeze Oil Shorts With Plan To Extend Production Cut Of 1.0Mb/d To The End Of The Year. Global Economic, Political & Military Update Some of the positive and negative issues facing the US and other major economies are: For the US:  The US banking system remains fragile as regulatory capital increases (effective October 1st) […]

WTI Declines US$2/b To US$78/b Due To Worsening China Economic Problems And Further US Bank Downgrades. Global Economic, Political & Military Update Some of the positive and negative issues facing the US and other major economies are: For the US:  The US banking system is still fragile as regulatory capital increases (effective October 1st) mean

China’s Worsening Economic Picture Drags Down Crude Prices US$4/b Over The Last Week. Global Economic, Political & Military Update Some of the positive and negative issues facing the US and other major economies are: For the US:  The US banking system is still fragile as regulatory capital increases (effective October 1st) mean less ability for

Focus On Saudi and Russian Production Cuts Have Lifted Prices Up US$17/b Over The Last Six Weeks. Going Forward Weaker Fall Demand May Reverse Much Of This Upside. Global Economic, Political & Military Update The fiscal situation in the US is getting worse and the moves by the Federal Reserve to restrain inflation pressures and

Energy Bulls Are Focused On Big (>1.0 Mb/d) Cuts From OPEC+ In July. If This Did Not Occur Than Prices Are Likely To Head Down For A While. Global Economic, Political & Military Update The battle between fiscal and monetary policy hawks continues. Elected officials around the world don’t want to balance budgets and see

August Real Production Cuts By OPEC+ Should Deterimine If Crude Remains Near US$80/b Or Falls Below US$70/b. Global Economic, Political & Military Update There is some good news on the inflation front to keep Central Banks from raising interest rates but also some data that is not supportive of this end of rate hikes optimistic

Russia Plan To Cut 200 Kb/d Of Exports From Western Ports Lifts Crude Prices. However, This Ignores Russian Plan To Increase Exports To China And India From Eastern Ports By A Greater Amount. Global Economic, Political & Military Update There is good news on the inflation front to keep Central Banks from further raising interest

Large US Crude Inventory Build Offset By Russia and Saudi Arabia Production Cuts. Crude Prices Lift To Two Month Highs. Global Economic, Political & Military Update US CPI inflation fell back and this lifted stock markets worldwide as hope lifted that the Federal Reserve may hold off lifting its Fed Funds rate on Wednesday July

Concern About Collective Central Bank Tightening This Month Smothers Stocks. Global Economic, Political & Military Update US Treasury Yields have lifted sharply from 3.75% in early May to today’s high of 5.04%. The decade high was in early March at 5.05% so we are close to breaking out in yields. The battle over economic slowdown

Energy Stocks Retreat As Crude Falls Below US$70/b. Great Buying Opportunity Imminent. Global Economic, Political & Military Update While the US took a ‘pause’ or a ‘skip’ on interest rates last week, other parts of the world continue to raise interest rates to rein in inflation. Today the Bank of England raised rates by 50