Eye on Energy

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

US Commercial Crude Stock Build Of 7.9 Mb Last Week Pulls Down WTI Prices. Global Economic, Political & Military Update The FOMC meeting today came out with a hawkish view even though they decided to skip an increase this time. The majority of voting members see two or more increases this year so it now

China Exports Declined 7.5% In May. This Weighs On Crude Prices. Global Economic, Political & Military Update The passage and signing of the debt ceiling bill last week gave the stock markets a bit of a bounce. President Biden got credit for getting a deal done with bipartisan support (more Democrats voted for the deal

OPEC Jawbones Crude Futures Bears. WTI Rises By US$3/b In Recent Days Ahead Of Next OPEC Meeting On June 4th. Global Economic, Political & Military Update The US Debt Limit and spending cuts battle to get legislation through the House and Senate and then to President Biden to sign is not making progress. The schedule