Silver as an investment

Category Archives: Crude

Citi: Here Comes The V-Shaped Rebound In Oil

Start buying oil. That’s not only this morning’s recommendation by Dennis Gartman but, as this afternoon, also Citi’s commodities team (led by OPEC’s impressario Ed Morse) which moments ago issued a report according to which crude oil markets will not only bottom, but more importantly, “investors should position now for a potential V-shaped rebound in […]

WTI Tumbles To $42, Brent Below $45 As Credit Crashes

High yield energy credit markets are in trouble again, with risk now at its highest level in 7 months. Despite this morning’s Iran-hyped OPEC bullshit and a small draw in Gasoline, it appears the reality of surging US shale production and lagging demand is weighing down oil (and gasoline) markets… Since OPEC announced its production […]

Are Russia And The Saudis Planning A Natural Gas Cartel?

Authored by Cyril Widdershoven via OilPrice.com, The fledgling production cut strategy of OPEC (Saudi Arabia) and non-OPEC (Russia and the FSU) shows that a new strategy is needed to counter the ongoing doubts in the markets. At the same time, Russia and Saudi continue to give indications of a possible OPEC 2.0 scenario, in which […]

Is Kashmir The Trigger For Nuclear War?

Authored by Brian Cloughley via The Strategic Culture Foundation, The disputed of territory of Kashmir, lying in the north of the sub-continent between India and Pakistan, does not often feature in the world news media, but recently the little-known yet most sensitive region has received attention, not only because of boundary clashes between the armies […]

Global Stocks Slide On Trump Probe Report, Fed Indigestion

Is it going to be another May 17, when US stocks tumbled as concerns of a Trump impeachment over obstruction of justice and impeachment surged ahead of Comey’s tetimony? Overnight, S&P500 futures accelerated their decline following yesterday’s WaPo report that Special Counsel Mueller has launched a probe into potential obstruction of justice by Trump… … […]

“FOMC Drift” In Full Effect As Global Stocks Rise; S&P Futures Hit New Record; Oil Slides

With last Friday’s “tech wreck” now a distant memory, this morning the “FOMC Drift” described yesterday, which “guarantees” higher stock prices and a lower dollar heading into the Fed announcement is in full effect, with European and Asian stocks rising for a second day, led by rebounding tech shares, while S&P futures are modestly in […]

Shale Production Will Hit An All Time High Next Month… And That’s Just The Beginning

While the June oil production data is still pending, it is safe to say that the June oil output from US shale producers – estimated today by the EIA at 5.348mb/d – will post the first double-digit production growth since July of 2015, when oil prices tumbled and a substantial portion of US production was […]

New US Shale Play Emerges As Rig Count Rises For 21st Week In A Row

Crude production from the Lower 48 dropped marginally last week, despite rising rig counts…   And in the last week oil rig counts rose once again (21st week in a row) up 8 to 741 – highest since April 2015 – notably given the lagged response to prices, we might expect the rig count rises […]

Is $50 Oil Still Realistic?

With crude (and gasoline) prices doing nothing but tumble since OPEC announced its 'extension' deal, erasing all the hope-fuelled bounce off cycle lows, the question once again becomes, is $50 oil still realistic? Via OilPrice.com's Nick Cuningham, Oil prices have plunged back to levels not seen since OPEC announced its original production cut deal last […]

North Korea Fires Multiple Ballistic Missiles

The day before “Berserker Thursday” with its UK elections, Comey testimony and the ECB decision, was supposed to be quiet. Instead we had the first domestic Iran terrorism in decades, Iran vowing revenge on Saudi Arabia, rising Qatar crisis tensions, South Korea telling the US it can go to hell, Syria threatening to strike US […]