Over the last twenty years or so, I have spent a lot of time teaching and mentoring aspiring traders. During that time, I have heard…
For newly oil-rich Guyana, this weekend will be a fateful one, with rumors that Venezuela is gathering forces to invade at the close of a…
OPEC+ Agrees on Significant Output Cuts Amid Market Uncertainty In a decisive move, OPEC+ members, led by Saudi Arabia, have agreed to substantial voluntary output…
Markets Oil markets balked at the OPEC+ news this week that saw the organization extend cuts from Saudi Arabia and Russia and deepen the group’s…
1. OPEC+ Confronts Quota Imperfections, Weak Sentiment- Saudi Arabia and Russia, the two heavyweights of OPEC+, have managed to coordinate a wider response to weakening…
One of the things on which I pride myself when writing here, or elsewhere for that matter, is that I don’t run away and hide…
1. Europe Cracks Down on Methane Emissions- The European Union agreed on a deal to place methane emission limits on Europe’s oil and gas imports…
Politics, Geopolitics & Conflict An oil tanker set to load crude from a Libyan port was turned away this week because it had made a…
Washington is gearing up to tighten sanctions on Iran, again, at the same time as new revelations emerge indicating that Iran was caught unaware when…
January U.S. Crude Prices Plunge January U.S. crude oil witnessed a significant drop of around 5% on Thursday, hitting a four-month low. This decline in…
1. Can We Get a Little Contango Now?- China’s swelling oil inventories and weakening crude demand as well as an alleged 12-million-barrel buildup in US…
Crude Oil Market Overview The current state of the crude oil market is marked by a downward trend, with both the international benchmark Brent crude…
Politics, Geopolitics & Conflict The frontier between Lebanon and Israel has become an intense second front in the Hamas-Israel conflict, which threatens to intensify though…
I have said it many times before in these pages and will no doubt say it many times in the future too, but it is…
Some 450,000 barrels per day of oil exports from the Kurdistan Region of northern Iraq remain shut in amid an intractable dispute over who should…
Politics, Geopolitics & Conflict While Israel’s Tamar gas field remains shut down due to the conflict with Hamas, Israeli gas flows to Egypt have now…
Israel shot down a Houthi missile over the Red Sea on Monday, employing its Arrow aerial defense system. This follows the US Navy’s shooting down…
1. 2024 Demand Outlook Remains Murky as Forecasters Contradict One Another- As political narratives continue to shape the oil market’s sentiment about next year, two…
One of the things that has always appealed to me about the energy sector from a trading and investing perspective is that it usually isn’t…
Thursday's Market Action Reflects Fed's Rate Move Oil markets witnessed notable activity on Thursday, directly responding to the Federal Reserve's stance on interest rates. Brent…