Eye on Energy

US Production Reaches 13.2 Mb/d And Commercial Inventories Rise 10.2 Mb On The Week. WTI Crude Prices Vulnerable To Below US$80/b. 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. This surprise attack by air, […]

Stock Market Plunge Drags WTI Down Nearly US$10/b Over The Last Week. More Decline Likely For Markets And Crude Into End Of October. Global Economic, Political & Military Update The US Stock market is in a material correction with the Dow down over 2,700 points since the early August high of 35,700, now at 32,940,

Stock Market Correction Likely To Reverse Recent Crude Rally. High Beta Investments Getting Hit The Hardest. Global Economic, Political & Military Update The US Stock market is in a material correction with the Dow down over 2,200 points since the early August high of 35,700, now at 33,449. The NASDAQ is down over 1,400 points

US, China And Germany Seeing Lower Crude Consumption. WTI Prices Face Near Term Downside. 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 FOMC today decided to leave its Fed Funds rate unchanged, despite rising food and energy

US Crude Production Rises To 12.9 Mb/d, The Highest This Year. Lower Fall Seasonal Demand Should Weaken Crude Prices In The Near Term. 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 CPI accelerated in August as gasoline

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