The OPEC+ meeting has decided to reduce oil output by 2mln barrels per day. The UAE was supportive of oil output cuts, despite US pressure, but the ‘actual’ size of…
Canada is one of the largest oil producers in the world with substantial oil reserves contained within its oil sands. According to the Oil and Gas Journal, Canada has around…
Global growth worries were stoked once again this week as commodities bore the brunt of heavy selling pressure and the USD surged higher. Stagflationary, inflationary, and recession fears continue to…
Yes, and here are the reasons. Oil markets are sensing tensions around slowing global growth, an easing of the oil supply crunch, and an uncertain trajectory for China as it…
Crude oil has gained to start the week as Saudi Arabia demonstrated its confidence in oil demand with a larger than expected price increase in Asia. Saudi Aramco increased its…
On Thursday last week, President Biden announced a plan to buy 60mln barrels of crude oil as the first step in a years-long process aimed at replenishing America’s shrinking emergency…
When trading the Yen it is important to be aware of the relationship between the Yen, US10 year yields and oil. The Yen and US 10 year yields The yield…
The surge in oil prices has been driven by the Russian/Ukraine crisis. From a growth perspective, one of the cures for higher prices is said to be ‘higher prices’. The…
This week saw Russia step up their moves into Ukraine with heavier attacks on key cities. The West responded with even tougher sanctions. Oil kept finding buyers on dips as…
Short term fundamentals have been driving oil prices higher. There has been a sequence of low inventory reports since the start of the year, oil demand is expected to increase…