World chokepoints for maritime transit of oil are a critical part of global energy security. About 61% of the world’s petroleum and other liquids production moved on maritime routes in 2015. The.. Eurasia Review
Jul.24 -- United Arab Emirates Energy Minister Suhail Mohammed Al Mazrouei discusses the impact of OPEC production cuts and the outlook for market recovery. He speaks with Bloomberg's Francine Lacqua.. Source: Bloomberg Global Business -
Jul.12 -- Steven DeSanctis, equity strategist at Jefferies, and Stewart Warther, U.S. equity and derivatives strategist at BNP Paribas, discuss energy market reaction to OPEC production cuts. They.. Source: Bloomberg Technology -
*Bulletin headline summary from** RanSquawk*
· The USD-index dropped to 10 month lows amid fading hopes of US reforms after Obamacare repeal effectively died last night.
· Soft CPI from the UK.. Zero Hedge
Ever since the OPEC production cut deal was announced last year in Vienna, there have been two key wildcards fascinating the oil trader and analyst community: what would be the deal compliance (in.. Zero Hedge
Over the next three weeks, the investing world will shift its attention away from the endless chatter of central bankers and concerns about the state of the economy, and instead focus on second quarter.. Zero Hedge
Suuposedly catalyzed this time by *EIA forecast production cuts*, WTI crude has spiked off an early tumble for the 3rd day in a row, running stops above $45. It appears the algos missed the fact that.. Zero Hedge
*A Silver Legend Throws in the Towel on Oil*
By Vince Lanci for Soren K. Group
In 2010 I wrote an anonymous article for Zerohedge on Silver manipulation. Anonymous because the.. Zero Hedge
Goldman has done it again: less than two weeks after the bank said "oil prices have likely hit bottom of the price range, and look attractive" when it slashed its WTI price target from $55 to $47.50.. Zero Hedge
After years of being oil's biggest cheerleader, "oil god" Andy Hall, who starting with the OPEC Thanksgiving massacre in 2014 has had several abysmal years, in the process losing the bulk of his AUM,.. Zero Hedge
Raymond James' J. Marshall Adkins invoked one of President Trump's favorite phrases to explain oil's plunge, and to excuse his bullish bias (that crude can rise to as much as $65 a barrel).
As.. Zero Hedge
OPEC is considering putting a limit on how much oil members Nigeria and Libya can pump, cartel delegates say, as surging production from those countries is complicating the cartel’s plans to.. Wall Street Journal
Oil futures are up after inventory numbers were lower than Wall Street expectations.
US crude inventories were down 6.299 million barrels, according to the most recent Energy Information.. Business Insider
S&P futures were little changed at 2,425, ignoring the N.Korea tensions of the past two days which will likely be a major topic in the upcoming G-20 summit, as European stocks fluctuate and Asian.. Zero Hedge
With the US out on holiday for the 4th of July, overnight trading volumes have been muted, as Europe started off in the red but has since trimmed most losses (Stoxx 600 -0.1%) while S&P500 futures rose.. Zero Hedge
In what is by far the most entertaining research report of the day, Canaccord quant Martin Roberge, essentially admits and apologizes for blowing up the bank's energy client returns in 2017 (with an.. Zero Hedge
Authored by Nick Cunningham via OilPrice.com,
The power restructuring in Saudi Arabia this week led to the elevation of 31-year-old Mohammed bin Salman to crown prince, essentially ensuring that he.. Zero Hedge