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Matt Smith

A Chinese investor gestures while standing in front of electronic displays showing stock prices in a brokerage house in Beijing, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Mark Schiefelbein)

Asia benefiting most from Middle East oil market share battle

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One hundred and seventy-six years after the birth of John Boyd Dunlop, and the crude complex is coming under pressure again. It is Nonfarm Friday, which means that the market is all a’flustered, digesting the soon-to-be-revised official monthly US unemployment report. The report was fairly underwhelming from a headline perspective; only 151,000 jobs were created last […]
A Saudi man walks past a pump at a petrol station on December 28, 2015 in the Red Sea city of Jeddah. Saudi Arabia said it plans to review the prices of heavily-subsidised power and fuel as part of new measures introduced in the face of low oil prices.   AFP PHOTO / AMER HILABIAMER HILABI/AFP/Getty Images

Saudi crude oil exports show continued strength to US, Asia

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Thirty-nine years after Fleetwood Mac’s second album was released, and ‘rumours’ of a production cut and fears of a worsening US economy are pushing and prodding the crude market around today. Commodities are also getting whipsawed around by currency moves. As the US dollar continues to weaken due to growing pessimism about the US economy, […]
Categories: Asia, Crude oil, Middle East
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(AP file photo/George Osodi)

Tension returns to Nigeria to threaten crude exports

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Fifty-seven years after the birth of founding member Lol Tohurst, and the crude complex is still exploring whether ‘The Cure’ for low oil prices is…low oil prices. Last night’s API report had a considerably bearish tilt, yielded a solid build of 3.8 million barrels to crude stocks, while Cushing stocks edged up also. It was […]
Categories: Africa, Crude oil
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 20, 2016. U.S. stocks surged back to pare the biggest one-day selloff in five months, with the Dow Jones Industrial Average cutting a loss of 550 points by two-thirds as investors speculated the rout that's wiped more than $15 trillion from global equities has gone too far too fast. Photographer: Michael Nagle/Bloomberg

Ten things to consider in energy markets today

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Good day! Here are ten things to consider on this second day of February, 2016: 1) Punxsutawney Phil didn’t see his shadow, meaning an early start to spring. (If you are of the persuasion of taking your meteorological tips from a marmot). (I prefer the woolly worm). 2) The duplicitous nature of strong production versus […]

US oil & gas sector: things to get worse before they get better

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Today is Harry Styles’ 22nd birthday, and accordingly the crude complex is heading in one direction. (Down). We burst into February today, and get hit by a wave of global manufacturing numbers, as well as the ongoing debate re ‘will-they-won’t-they’ cut production. (they won’t). China kicked things off overnight, setting a cautious tone with its […]
Categories: Crude oil
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Saudi, Venezuela and Mexico provide over half of all US waterborne crude imports

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It is aptly ‘National Puzzle Day‘ today, and the crude complex is responding accordingly and puzzlingly rallying like a mad thing,  despite the weak fundamental backdrop and a super-strong dollar. This upside also comes despite the seeming repudiation of a production cut meeting next month; Russia’s energy minister Alexander Novak said they had been approached […]
Categories: Canada, Crude oil

Iran, Saudi exports ramp up amid talk of OPEC production cuts

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Eighty-nine years after Jean Goldkette and his Orchestra recorded ‘I’m Looking Over a Four-Leaf Clover’, and the crude complex is once again crossing its fingers and hoping for some good fortune to lift prices. Today the market is putting its faith in a coordinated cut to oil production from key producers including OPEC and Russia. […]
Categories: Crude oil
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Shaky signs seen in US shale oil industry, while future looks rosy for natural gas

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Thirty-two years after Cyndi Lauper released one of her most popular hits (how scary is that?!), and yep, the weekly EIA inventory report heralds a bearish tone for the crude complex….time after time. Last night’s API report yielded a whopping 11.4 million barrel build to crude stocks, as a combination of planned and unplanned refinery […]
Categories: Crude oil, Shale

Crude to lead global fuel demand for decades to come

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Sixty years to the day after Buddy Holly’s first official recording session took place, and “Blue Days, Black Nights” have become a common occurrence for the crude complex of late. Prices are bucking that trend for now, however, and we are seeing a morning in the green. Last night was certainly dark times for the […]
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Russian, Japanese economies continue to be impacted by crude

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One hundred and thirty-four years after the birth of Virginia Woolf, and action in the crude complex is night and day compared to Friday. After rampant short-covering was seen at the end of last week, this week kicks off with a return to rampant selling. Normal service is resumed as oversupply fears return, and crude […]
Categories: Crude oil
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