China Turns Its Back On Iran’s Crude Oil
By Tsvetana Paraskova This year’s turbulent events in the Middle East—a major source of oil supply for the world’s largest oil importer, China—have had Beijing scrambling to salvage the Iran … Read more
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Is Crude Oil about to decline 50% again? Take stocks along with it again?
by Chris Kimble Crude Oil double topped in late 2018, then it fell nearly 50% in 90-days, taking stocks along with it. Could Crude be “Double Topping” again? Let’s investigate what … Read more
US Becomes Net Exporter Of Crude + Product
Telefonica, with operations in Venezuela, Argentina, Chile, Peru, Ecuador, Colombia, and Mexico, is on the verge of “junk,” and the ECBholds some of its debt. By Nick Corbishley, for WOLF STREET: Telefonica, the telecommunications and internet … Read more
Saudi Crude Oil Exports Drop To 2-Year Low In September
By Tsvetana Paraskova Saudi Arabia’s crude oil exports dipped to a 22-month low of 6.67 million bpd in September, when the Kingdom was hit by attacks on its oil infrastructure that knocked … Read more
ARE WE GOING TO WAR WITH IRAN? New oilfield containing 53 billion barrels of crude was discovered in Iran, President Rouhani announced Sunday
Rouhani claims Iran discovered new oil field with 53 billion barrels By JERUSALEM POST STAFF November 10, 2019 www.jpost.com/Breaking-News/Rouhani-claims-Iran-discovered-new-oil-field-with-53-billion-barrels-607384 Iran says it discovered a natural gas reserve that could create … Read more
How Much Crude Oil Does Plastic Production Really Consume?
By Irina Slav Many social media users had a field day recently when Greta Thunberg tweeted a picture in which the 16-year-old activist was snacking on food in plastic packaging. Activists against … Read more
China imposes tariffs on $75-billion US goods including crude oil
China on Sunday started to impose additional tariffs on some of the U.S. goods on a $75-billion target list, with effect from 4:01 a.m. GMT. The extra 5% and 10% … Read more
S&P About To Decline 14%, Catching Up With The Crude Oil Declines?
by Kimble Charting This chart looks at the performance of the S&P 500, Crude Oil and the Yield on the 10-Year note over the past 4-months. Crude Oil has declined around 14% more than the S&P … Read more
Trump Sanctions Chinese Firm For Importing Iranian Crude
via Zerohedge: A huge escalatory step in the US-led economic war on Tehran and its global oil exports, and amid continued trade tensions with Beijing: the US State Department said … Read more
Is Crude Oil Sending a Bearish Message to the Stock Market?
by Kimble Charting Crude Oil (NYSEARCA: USO) and the S&P 500 Index (INDEXSP: .INX) have peaked and bottomed together several times in the past 9 months. See points (1) and (2) on … Read more
A Red Flag For Oil? China’s Crude Consumption Is Faltering
By Tsvetana Paraskova China set a fresh monthly crude oil import record in April and continues to import growing volumes of crude oil this year, accounting for an estimated two-thirds … Read more
Norway’s $1-Trillion Oil Fund Has Best Quarter Ever On Rising Crude Prices
By Tsvetana Paraskova The world’s largest sovereign wealth fund—Norway’s US$1-trillion fund that has amassed its wealth from oil—earned US$84 billion in Q1 in the “strongest quarter ever”, boosted by technology … Read more
Crude Oil Rally Stalling? Stock Market Bulls Hope Not
by Kimble Charting The 4-month rally has been broad-based, with other risk-on assets like crude oil rallying in stride. This isn’t a surprise, as crude oil will often perform in line when the … Read more
Oil Price Drops As U.S. Crude Build Outweighs Venezuela Turmoil
By Tsvetana Paraskova Oil prices dropped early on Wednesday after the API reported on Tuesday a surprise U.S. crude build that outweighed earlier bullish news of a coup attempt in … Read more
Crude Oil Could Be Peaking Here, Impacting Stocks
by Kimble Charting Crude Oil and the S&P 500 peaked last fall together and bottomed at the same time in December. Could they both be peaking together again this week? Joe Friday suggests keeping … Read more