Eye on Energy

US Crude Inventories Rise For Commercial Stocks And At Cushing. WTI Likely To Fall Below US$80/b Shortly. Global Economic, Political & Military Update Rising inflation pressure globally and decent economic growth are making it harder for the Fed to reduce interest rates. Investors have an expectation that the first of three 25 BP cuts will […]

Ukraine Bombing Of Russian Refineries Adds US$2/b To War Premium Over The Last Week. Global Economic, Political & Military Update Today’s FOMC meeting and press conference by Chairman Powell thereafter, reiterated their plan to have three rate cuts of 25 BP each later this year. When, was left ambiguous. While there has been significant progress

Ukraine Drone Attacks On Key Russian Refineries Boosts Crude Prices. Global Economic, Political & Military Update The hope that US inflation has been tamed was rebuked with the CPI data released yesterday. US CPI month over month rose 0.4% or 4.8% annualized, more than double the Fed’s target rate and the second month of hot

OPEC Contemplating Extending Its Quota Cuts To Year End Bouys Crude Prices. Global Economic, Political & Military Update The Bank of Canada announced that they would keep their overnight rate at 5% as underlying inflation still persists. They also plan on keeping their quantitative tightening (QT) measures. The C$ improved 31 ticks to 73.88 on

OPEC Discussing Extending Its Production Cuts For One More Quarter Lifts Crude Prices Modestly. Global Economic, Political & Military Update Mixed economic data in the US continues with some data showing a slowing economy but others indicating inflation reversings to the upside. This stagflation pivot is not what the bond and stock market want to

Weak US Demand And Rising Commercial Stocks Likely To Cause Near Term Correction In WTI Price. Global Economic, Political & Military Update Mixed economic data in the US, with some indicators like manufacturing weakening are being offset by rising inflation after many months of declines. The Fed meeting notes out this week (from the last

Crude Oil War Premium Expands US$3.50/b Over The Last Week As Houthis Continue Attacks In Red Sea. Global Economic, Political & Military Update The surprisingly hot US CPI data yesterday drove the Dow down over 520 points to 38,273 and at its worst was down over 700 points, before a late afternoon recovery. The US

Crude Oil War Premium Shrinks US$6/b Over The Last Week As US Does Not Hit Iran Directly. Global Economic, Political & Military Update The frenzy over the AI area continues and stocks in the sector continue their parabolic moves. The money flow into this sector is using up the cash on the sidelines and is

Crude War Premium Expands As US Plans Retaliation Against Iran’s Proxies For Killing Three US Soldiers In Jordan. Global Economic, Political & Military Update All eyes are on the Fed today as it finishes its two day FOMC meeting. They announced no change in rates today and plan to watch inflation data before cutting rates

Crude Oil War Premium Expands As US and UK Bomb Houthi Military Targets In Yemen. Global Economic, Political & Military Update The AI mania continues to take stock markets to new highs. In our view we are getting even higher into parabolic nose bleed territory with the risk of a sharp and painful decline imminent.