As Yemen’s Iran-backed Houthis continue to attack merchant ships in the Red Sea, and as U.S. naval forces continue to shoot down Houthi drones in…
1. The Contango in WTI Turns Steep Enough to Make it Lucrative- All the key Central Bank meetings held this week in the United States,…
1. ExxonMobil Aims for Global Dominance- ExxonMobil’s $60 billion Pioneer acquisition has become a defining moment for CEO Darren Woods as his first 5-year tenure…
Global oil markets are witnessing a significant downturn, with prices dropping to six-month lows. This trend is primarily driven by concerns over energy demand in…
Discovery & Development Chevron has asked the Cypriot government for an extension to complete the FEED study for its Aphrodite natural gas project in Cyprus.…
The markets are ignoring rising geopolitical tensions on multiple fronts right now–from Israel and the Red Sea to Venezuela and Guyana. Some 8.8 million barrels…
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…
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…
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…
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…
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…
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…
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…
Politics, Geopolitics & Conflict An oil tanker set to load crude from a Libyan port was turned away this week because it had made a…
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…
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…
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…