Crude Oil Retreats More Than US$5/b As War Premium Shrinks. WTI Breach Of US$70/b Likely In September. Our quarterly SER webinar will be held tomorrow evening at 7 PM MT. It is our view that this will be a very important one as we are closing in on a second low risk BUY window for […]
Eye on Energy: August 28 Read More »
Two Wars And Geopolitical Tensions Have Lifted The Crude Oil War Premium Over US$10/b. Global Economic, Political & Military Update A last ditch political effort led by the Biden Administration to get an interim ceasefire deal between Hamas and Israel will take place tomorrow and Friday in both Dhoha and in Cairo. Israel and Hamas
Eye on Energy: August 14 Read More »
Crude Oil Rises US$2/b After Israel Assassinates Two Terrorist Leaders. Global Economic, Political & Military Update After a Hezbollah attack on a Druze village in the Golan of Israel that killed 12 children playing in a soccer field (total 30 casualties), Israel focused on retribution by targeting the Hezbollah leader (Faud Shukr) who ordered the
Eye on Energy: July 31 Read More »
WTI Falls >US$4/b Over The Last Week To US$77.30/b On Weakening China Demand. Global Economic, Political & Military Update The ending of President Biden’s candidacy for a second four year term has emboldened the Democrats that they could win the Presidency and end the worry of a clean sweep (Presidency, House and Senate) by the
Eye on Energy: July 24 Read More »
US Total Stocks Rose 11.1 Mb Last Week. This Should Put Pressure On Crude Prices. Global Economic, Political & Military Update The Republican National Convention is on this week and all of Trump’s former Presidential opponents are singing kumbaya and circling the wagons to get a fully united party to win the Presidency, the Senate
Eye on Energy: July 17 Read More »
US And China Crude Demand Sluggish. WTI Should Decline Below US$80/b In The Near Term. Global Economic, Political & Military Update The US Presidential election continues to keep observers riding a roller coaster as they watch the Democrats agonize over keeping current President Biden or forcing him to resign due to his age and mental
Eye on Energy: July 10 Read More »
US Commercial Stocks Fell Sharply Last Week Lifting WTI Prices. Exports Rose To 4.4 Mb/d. Global Economic, Political & Military Update Politics is front and center as the debate last week showed President Biden is not up to the job now and definitely not for a second term. Even members of his own party are
Eye on Energy: July 3 Read More »
Total US Energy Stocks Rose 9.4 Mb Last Week. WTI Crude Should Breach US$80/b In The Coming Days. Global Economic, Political & Military Update Mixed economic data continues to sway markets from euphoria to concern as each data piece is scrutinized for signs of economic progress with declining inflation or signs of economic weakness and
Eye on Energy: June 26 Read More »
Crude Prices Lift On Expectation Of Strong Summer Driving Season. We Are Skeptical! Global Economic, Political & Military Update Economic data in the US so far is not supportive of the Fed lowering their Fed Funds rate the three times previously assumed. The FOMC meeting last week concluded with officials penciling in just one rate
Eye on Energy: June 20 Read More »
Total US Stocks Grew 11.8 Mb Last Week. Lower WTI Prices Ahead. Global Economic, Political & Military Update Economic data in the US so far is not supportive of the Fed lowering their Fed Funds rate. Today’s CPI report was benign coming in at 3.4% for core, so the Fed is likely to continue its
Eye on Energy: June 12 Read More »
