North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion. Of course, there are no official reports […]
Harvey hit hard the heart of the US oil industry. So far, it has shut down 11.2 percent of US refining capacity (about one-third of all US refining capacity is in Texas’ Gulf Coast) and roughly 25 percent of US […]
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks. Also read: Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And […]
Three years ago, global oil prices began a slide that accelerated throughout the second half of 2014, heralding an extended period of lower energy prices. On August 18, 2014, the price of West Texas Intermediate (WTI) crude oil was $96.44 […]
So the Left is finally talking about Venezuela again. That is a good thing. For about a decade, large sections of the Left were in the grip of Venezuelamania. We would not hear the end of it. Venezuela’s version of […]
Saudi Arabia’s strategy in the Middle East has for years focused on throwing money at majority Sunni states and groups in the region to counter Iranian influence. But its fiscal constraints started to limit its ability to project power even […]
Oil has been in my “too hard” bucket the last six months. I couldn’t identify any catalyst that could drive it out of its trading range. I mostly expected it to chop around which has turned out to be the […]
Oil prices have been under pressure again this week. With West Texas Intermediate yesterday falling 2%, to below $49 per barrel. Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And More Paul Singer: The Passive Blob Is In “Danger Of […]
This week we wrestled with what to focus our Market Ethos on given the many big moves we have seen in the markets including yields, the Canadian dollar (C$) and oil. Our problem stemmed from the fact that these three […]
Can a bathtub explain the oil markets today? Some analysts not named Bill Gross believe so. Trying to predict oil prices has become an impossible task over the past 12 months. After rebounding from the lows printed during mid-2016 the […]
The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought. Traders Being To Bet That Low Volatility Will Soon End: Goldman A […]