Back in November 2016, we discussed how global loadings were at a record ahead of the OPEC / NOPEC production cut deal, as exporters put the pedal to the metal, exporting as much crude as they could before having to hit the brakes.Continue Reading
Whether intentional or not, the US administration has played their hand masterfully. Since the early October highs, oil prices have dropped over 25 percent, paving the way for a 25 cent drop in retail gasoline prices (with a cascade to come).
While a number of supply and demand-side considerations have caused such a stark reversal in both market sentiment and prices, the role of the U.S....Continue Reading
Crude is sailing in rough seas today, as the combo of an informal OPEC meeting and a surprising weekly inventory report has pushed and prodded prices around thus far. Hark, here are five things to consider in oil markets today:Continue Reading