Silver as an investment

Category Archives: Primary sector of the economy

The Great Oil Swindle

Authored by Chris Martenson via PeakProsperity.com, … is leading us to destruction. When it comes to the story we're being told about America's rosy oil prospects, we're being swindled.  At its core, the swindle is this: The shale industry's oil production forecasts are vastly overstated. Swindle:  Noun  – A fraudulent scheme or action. And the swindle […]

The One Indicator OPEC Must Watch

Authored by Nick Cunningham via OilPrice.com, “We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC ended months of speculation last week when it decided to extend its production cuts through the end of 2018, easing […]

WTI Sinks After Surprise Crude Build

Despite UAE oil minister jawboning, WTI/RBOB was sold today heading into the API data and extended losses after crude showed a surprise build (+1.82mm vs -2.95mm exp). Cushing saw a massive destocking and RBOB was steady after gasoline showed a surprise draw.   API Crude +1.82mm (-2.95mm exp) Cushing -3.178mm – most since Sept 2009 […]

Oil Price Drop Imminent If Moscow Says “No” To Extension

Authored by Irina Slav via OlPrice.com, As the November 30 meeting in Vienna of OPEC and its partners in the oil production cut deal nears, worry has returned among traders: one of the brokers of the deal might decide to walk out on the deal instead of participating in another extension. We’re talking about Russia, […]

WTI Jumps Above $56 – Highest Since July 2015

Having legged higher at the opens of Asia, Europe, and US markets, WTI is extending gains overnight on middle-east tensions… Brent is trading above $62 amid anti-corruption drive led by Saudi Crown Prince Mohammed bin Salman, which may consolidate his control in OPEC’s largest oil producer, and WTI has pushed abocve $56 “We have political uncertainty, risk […]

The Petrodollar’s Biggest Challengers

Authored by Michael Kern via CryptoInsider, Established in the early 1970s, the petrodollar has secured the United States’ influence over the oil trade for over 40 years, but recently, it is clear that this monopoly is slowly beginning to fall apart – in some part due to the influence of Bitcoin and other emerging cryptocurrencies. […]

WTI Shrugs Despite Huge Crude Draw

A v-shaped recovery in WTI/RBOB today (amid a dollar reversal at the EU close and chatter about a big crude draw) led prices higher into the API print (but after last week's 100% incorrect API vs DOE reversal, who knows what it means). And the rumors were true – a huge crude draw (biggest in […]

The Death Of Petrodollars & The Coming Renaissance Of Macro Investing

Authored by John Curran via Barrons, The petrodollar system is being undermined by exponential growth in technology and shifting geopolitics. What comes next is a paradigm shift… In the summer of 1974, Treasury Secretary William Simon traveled to Saudi Arabia and secretly struck a momentous deal with the kingdom. The U.S. agreed to purchase oil […]

OPEC Boosts Oil Demand Estimates, Admits Oil Prices Can’t Rise Above $55

In its latest OPEC Monthly Oil Market Report (October) the oil cartel has increased its oil demand estimates for 2017, 2018 on strengthening world economy, and weaker outlook for supplies from its rivals. Specifically, OPEC forecasts that based on the current global oil supply/demand balance, demand for OPEC crude in 2017 is estimated at 32.8 […]

WTI Tumbles Below $50 To 3-Week Lows

On the heels of continued dollar strength, output increases by OPEC (and US production at 2 year highs), and Libya restarting its biggest oilfield, WTI prices are tumbling for the 3rd time this week, back below $50 to their lowest in 3 weeks… As Bloomberg notes, while oil rallied into a bull market last month on the […]