The Bank of Canada kept interest rates at 5% for the third meeting in a row. Many analysts consider this a hawkish hold as recent slowing growth data from Canada…
Many analysts have been expecting oil markets to tighten in the second half of 2023. Now that narrative failed to lift oil markets in the first half of this year,…
Many analysts have been expecting oil markets to tighten in the second half of 2023. That narrative failed to lift oil markets in the first half of this year, but…
At the latest OPEC+ meeting, Saudi Energy Minister said OPEC+ will do “whatever is necessary” to support the oil market. Since the start of the year, many analysts were optimistic…
To start the year, analysts were optimistic about oil prices. China’s recovery from Covid was expected to boost demand, supply was expected to tighten in the second half of the…
Heading into the recent OPEC+ meeting, oil prices faced challenges primarily due to supply constraints rather than demand dynamics. In response, Saudi Arabia took proactive measures to address this issue…
It’s time for your central bank catch up. The link to the latest statement is at the bottom of each section, so just click there to read the bank’s central…
Recently there has been an excellent piece on Bloomberg explaining why oil prices have been struggling due to supply rather than demand issues. The logic in the article by Javier…
One of the key narratives this year for oil markets was that demand was set to grow in the second half of 2023, just as supply would start to fall.…
Recent trading range breaks bearish Weakness in oil markets continues with the price of crude plunging through its recent trading range to its lowest level since November of 2021. Brent…