Silver as an investment

Category Archives: Organization of Petroleum-Exporting Countries

Weekend Reading: Oil Slick

Authored by Lance Roberts via RealInvestmentAdvice.com, Beginning in December of last year, following the announcement by OPEC of a cut in oil production, I have discussed the “headwinds” that persist against a sustained rise in oil prices. “The supply/demand dynamics currently suggest that oil prices and energy-related investments could find a long-term bottom within the […]

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 […]

Peak Economic Delusion Signals Coming Crisis

Authored by Brandon Smith via Alt-Market.com, In my article 'The Trump Collapse Scapegoat Narrative Has Now Been Launched', I discussed the ongoing and highly obvious plan by globalists and international financiers to pull the plug on their fiat support for stock markets and portions of the general economy while blaming the Trump Administration (and the […]

“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 […]

Houston Resorts To Selling Off City Streets To Try And Close $100 Million Budget Shortfall

With the US shale industry producing at near-record levels as oil prices languish around $50 a barrel, cities in oil-dependent states like Texas are resorting to increasingly creative means to compensate for the shortfall left by falling energy revenues, including selling off public assets, like Houston just did. The city held what the Houston Chronicle […]

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 […]

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 […]

Venezuela’s “Mysterious” Bond Deal Reappears, And This Time China Wants Out

As its foreign reserves dwindle to less than $10 billion, the government of Venezuela – desperate for any kind of financial lifeline – has partnered with a Chinese brokerage to try and resell $5 billion in bonds that it initially issued at a deep discount, according to the Wall Street Journal. The brokerage, Haitong Securities […]