World Oil Watch 2022

There is an endless supply of breaking news events that are impacting the oil market daily. China, India, OPEC, inflation, South America, and of course, the Russia/Ukraine war are all big item headlines that have gotten us to a market where both WTI and Brent have climbed above $114/BBL. Let’s explore some of these headlines […]

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Two Essential Commodity Charts to Watch

Fuel Logistics and Charts provided by Guttman Energy

We’re now 13 days into the Russia-Ukraine conflict, and neither side shows signs of abating. Following this lead, neither do commodity charts. Two charts encapsulate the unprecedented of this conflict and will be contributing to the stagflation environment we are heading toward or already in. Let’s dive in.

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Oil – Up, Up and Away?

Fuel Logistics and Gasoline Prices Chart

As I mentioned in my Blue Skies Ahead for Crude Oil? – Guttman Energy blog post on December 22nd, WTI was trading around $71.80//barrel, above its $71.38/barrel moving average. If it settled above that level for a few days, we thought that the temporary lows were put in and we were on the way higher […]

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What is the 2022 forecast for oil prices?

As our global economy recovers from the pandemic, energy prices increase as we continue to see inflation throughout the world. Two things that can affect whether prices at the gas pumps continue to increase are OPEC+ and U.S. shale outputs. With people resuming road and air travel, the global oil demand has almost rebounded to […]

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Delta Variant Causing Demand Decline?

Today marks the longest stretch of daily declines in oil prices since 2019 as concern continues to grow about global energy demand.  West Texas Intermediate (WTI) dropped for the seventh day this week leading to a weekly loss of 7.3%. Oil prices took a hit this month caused by speculation that the Federal Reserve will […]

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All Eyes on OPEC+

Now that the Ever Given has been dislodged from the Suez Canal, the oil market can look forward to the OPEC+ meeting on Thursday and the outlook for possible resurgences of COVID-19 to determine future price direction.

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Oil Prices Have Consolidated, Now What?

When news of how potentially devastating COVID-19 could be started spreading in February 2020, oil prices were at $53/barrel. This was prior to the OPEC+ price war between Russia and Saudi Arabia that occurred in March and resulted in Saudi Arabia drastically increasing oil production after Russia refused to reduce output. We all know that […]

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Steady Footing for Oil through US Election

The US election is a mere 3 weeks away and most experts agree that oil will remain on steady ground until after the election is decided. Covid-19, renewables, and consumer behaviors have brought crude to the brink several times since March. The US Shale industry has been forced to endure the worst market conditions in […]

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