Oman has said it’s yet to receive an invite to a historic meeting of oil producers, where they’re expected to discuss freezing output to support prices. This is despite ... Read More
Ownership of biggest refinery in the U.S. will shift to Saudi Arabia’s hands Oil giants Royal Dutch Shell PLC and Saudi Arabian Oil Co. plan to end their long-standing fuel partnership, ... Read More
Crude prices have risen more than 30% since freeze proposed Qatar meeting would seek more commitments to cap production Saudi Arabia will join a meeting of producers from within ... Read More
Anyone who doubts that the global financial system has run out of (good new) ideas has only to track the recent words and deeds of central bankers and mainstream ... Read More
The OPEC Monthly Oil Market Report just came out. The charts are “Crude Only”production and do not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose ... Read More
Morgan Stanley has hiked the probability of a recession hitting the global economy within the next year to 30 percent from 20 percent. The U.S. bank also cut its ... Read More
The “unsinkable” global financial system is rushing headlong toward its encounter with the iceberg. Why did the Titanic sink, despite being considered unsinkable? The conventional answer is the design ... Read More
So much for that agreement to freeze output. The latest oil market data reveal that both Russia and Saudi Arabia ramped up their oil production in February, despite talks about supply ... Read More
ECB chair Mario Draghi delivered big-time this morning by announcing lower interest rates and a new round of debt monetization. Historically, this kind of thing has sent the financial ... Read More
This article notes that the technical situation for the gold price has sharply improved, to the evident surprise of many mainstream analysts. It discusses possible reasons behind the turnaround, ... Read More
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