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┬áNonfarm 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 […]
(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 […]

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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Crude rips higher, while bearish backdrop persists – from Venezuela to Canada

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Four hundred and fifty-five years after the birth of Sir Francis Bacon, and the crude complex is being philosophical about the recent rampant sell-off….and rallying like a mad thing. Today’s rally is based empirically on the view that the crude market had become exceedingly oversold (it had), with yesterday’s bad-is-good announcement of mo’ stimulus from […]
Categories: Crude oil
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(Tomohiro Ohsumi/Bloomberg)

Weak Chinese crude imports highlight slowing economy

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One hundred and fifty-one years after the first oil well was torpedoed (h/t┬áColonel E.A.L. Roberts), and the crude complex is blowing up again. Groundhog day has arrived early this year, as financial markets are stuck in a downward spiral, like a cat chasing its tail (um, on a downhill slope). Equity markets overnight have again […]
Categories: Crude oil

Crude market share battle between Saudi Arabia and Iran to heat up

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One hundred and thirty-one years after the first rollercoaster was patented by L.A. Thompson, and the crude complex is aboard the big dipper once more. As global equity markets look set to enter bear market territory, and fears persist that the oil market could ‘drown in oversupply’, crude continues to tumble lower and lower. And […]
Categories: Asia, Crude oil, Middle East