It is Margaret Atwood’s 76th birthday, and her 2009 novel ‘The Year of the Flood‘ seems an appropriate way to sum up the crude market this year. We await the weekly EIA inventory report this morning, with oil inventories less than 4 million barrels shy of the record of 490.9 mn bbls seen earlier in the […]
Happy Friday 13th! This final day of the week is set to be a scream. Jumping straight into the overnight economic data, and the final print for Japanese industrial production was not as scary as it could have been, coming in at 1.1% for September, slightly above consensus of 1.0%. Across to Europe, and preliminary […]
Europe will be the battleground between producers of sour crude grades, including Russia, Iraq, Saudi Arabia and Iran, as the Asian market becomes more “crowded,” the Paris-based IEA said in its monthly report.
On Tonya Harding’s 45th birthday, the crude complex is on thin ice once more. The US dollar is in ascendancy as the sturdiness of the European economy is questioned once more, while OPEC’s monthly oil report has done little to allay oversupply fears. Jumping into the data action overnight, and Chinese economic weakness manifested itself […]
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