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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
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
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 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
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
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
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
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
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
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
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
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
By Haley Zaremba When it comes to its strategic petroleum reserves–and most other things, for that matter–China keeps its cards close to the vest. While tight-lipped government agencies have not … Read more
By Irina Slav Crude oil prices brushed off the Energy Information Administration inventory report today, which saw a 7-million-barrel build in crude oil inventories for the week to April 5. The authority … Read more
by Kimble Charting Crude Oil, Stocks, and Yields have experienced a high degree of correlation over the past few months. All three peaked together near the end of September and all … Read more
by howmuch Crude oil is a fossil fuel derived from marine plants and animals that died millions of years ago, before the dinosaurs. In its liquid form, crude oil can be … Read more