Crude Oil War Premium Shrinks As Allied Warships Patrol Red Sea Global Economic, Political & Military Update I will be traveling next week so there will be no ‘Eye On Energy’ report. Our next issue will be out on Wednesday January 10, 2024. The stock and bond markets continue to enjoy strong year end performance. […]
Eye on Energy: December 28 Read More »
Yemen Houthi Attacking Of Red Sea Shipping Adds Nearly US$7/b Temporary War Premium. Global Economic, Political & Military Update The stock and bond markets continue to have positive momentum with the traditional seasonal holiday rally mode underway. There are a lot of excesses in both markets but for now investors are ignoring the negatives. Institutions
Eye on Energy: December 20 Read More »
Crude Oil Price Bottoming. Energy Securities Are Bargains Again! BUY!! Global Economic, Political & Military Update The stock markets continue to have positive momentum as AI stocks and the tech sector in general, continue to extend these overbought areas. This week Central Banks have meetings and the market expects no change in rates but wants
Eye on Energy: December 13 Read More »
Crude Oil Prices Fall US$26/b (27%) Over The Last 2 1/2 Months On Global Consumption Weakness. Bottom Imminent! Global Economic, Political & Military Update The stock and bond markets continue to have positive momentum as AI stocks and lower interest rates (on some softer economic data) help both markets. The Bulls see a ‘soft landing’
Eye on Energy: December 6 Read More »
WTI Crude Oil Falls US$4/b Or 5% On Wednesday Morning To US$73.85/b On OPEC Disarray And Large Build In US Inventories. Global Economic, Political & Military Update The stock and bond markets continue to have positive momentum heading into the US Thanksgiving holiday season. On the stock side the AI sector continues to be the
Eye on Energy: November 22 Read More »
US Crude And Gasoline Consumption Fall Materially In Latest EIA Report. Expect More Near Term WTI Weakness. Global Economic, Political & Military Update The stock and bond markets rejoiced and prices rose over the last two weeks as muted inflation data gave investors confidence that the end of Fed Funds increases was here. Some bond
Eye on Energy: November 15 Read More »
Weak China Crude Consumption Drives WTI Below US$77/b. We Are Getting Close To An Important Bottom. Global Economic, Political & Military Update The stock and bond markets rejoiced and celebrated via a nice rally in bond prices and stock prices as investors bet that the FED was done raising interest rates based on the press
Eye on Energy: November 08 Read More »
US Energy Demand Softens. WTI Should Fall Below US$80/b In The Coming Weeks. Global Economic, Political & Military Update The FOMC meeting ended today and there was no change to the Fed Funds rate. However the commentary was hawkish. Inflation is still a problem with rising food prices and more importantly rising pressure from the
Eye on Energy: November 1 Read More »
Weak European Economic Data Knocks Off US$5/b From The Israel/Hamas War Premium. Global Economic, Political & Military Update The focus in the Middle East is on hostage releases with Qatar playing a major role in negotiating hostage releases in return for food, medicine, water and fuel being allowed in via Egypt’s Rafah crossing. Daily needs
Eye on Energy: October 25 Read More »
Middle East War Lifts Crude Prices US$5/b Over The Last Week. Fundamentals Don’t Justify Oil Prices This High. Global Economic, Political & Military Update The eyes of the world are focused on the Middle East after the massive terrorist attack and invasion by Hamas in southern Israel that killed 1,400 and saw the abduction of
Eye on Energy: October 18 Read More »
