Inflation has accelerated in March to 8.5% when compared with 2021. To no one’s surprise, this level of inflation was driven by spikes in both energy and food. Simultaneously as the global supply chain tightens, combined with lockdowns in China, the cost to move everything everywhere continues to increase. Additionally, for the first time since […]
Read MoreHow U.S. Oil Companies are Hedging for 2022
With growing oil demand still outweighing supply, the price of crude has officially reached eight-year highs. Last week, WTI broke the $85/barrel threshold, while Brent traded at $87/barrel. As major investment banks warn that crude may climb to $100/barrel, questions have been raised about how U.S. oil producers might be hedging the forward curve and […]
Read MoreStrategic Petroleum Reserve Release
With oil prices hitting 7-year highs just a month ago, world leaders including U.S. President Joe Biden are considering a strategic release of petroleum reserves as a reprieve to high prices and inflationary pressures. Does this really mean oil prices have topped?
Read MoreOPEC+ Production Continues Slow and Steady Climb
OPEC+ concluded their meeting on Thursday with a continuation of their current schedule of adding 400,000 barrels per day (bpd) next month, dealing a blow to major oil-importing nations that hoped they would open the spigots. The cartel disregarded pressure from high-consuming nations who wanted to halt the oil price rally over fears of slowing […]
Read MoreStagnant Production
Oil prices have reached a 6 year high following the end of discussion between OPEC and other nations known for oil production. They reached a conclusion that there will not be an increase of 400,000 barrels per day. Failure to reach an agreement is based off of a split in OPEC between the United Arab […]
Read MoreSky High Crude Eyes $100/BBL Amid Inventory Draws and Decreased Exploration
Unless you have been living under a rock, it is no secret crude oil has been on a tumultuous ride. Crude has long been a commodity that follows up and down trends on traditional cycles. The seven-year boom followed by a year of bust broke cycle in 2015 and saw the oil and gas sector […]
Read MoreMarch Madness 2021 Boom or Bust for Crude
Crude has been the underdog since Covid-19 broke onto the scene in early March of 2020. We have seen historic contango, negative trading, inventories at the verge of 100% capacity. However, we have also seen refineries curtailing production and shutting down, crude breaking technical level after level, OPEC + committing to decreased outputs, a Texas […]
Read MoreBombs over Baghdad, The Big Chill (Texas Edition), and NEW YORK, NEW YORK!!
Saudi’s Want to Increase Oil Production?
After 2020’s unpredicted decline in oil prices and subsequent response by OPEC+ to cut oil production as means to buoy oil prices, the world’s largest exporter Saudi Arabia, plans to reverse its position and increase its production in the coming months. This comes as WTI oil prices have traded to as low as negative $40/barrel […]
Read MoreWill another virus surge affect oil demand?
Many investors are awaiting the OPEC+ decision on whether they plan to increase oil production even as the Covid-19 virus brings fear of another spike in cases.
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