Mid-Week Review

Oil Rises to Highest This Year as OPEC Curbs Stoke Optimism Crude advanced to the highest this year after a further reduction in supply from OPEC signaled that global markets are tightening.  Declines in OPEC production are stoking optimism among investors as Saudi Arabia pressed on with output curbs and as power blackouts in Venezuela […]

Mid-Week Review

Oil’s Ascent: The Ride Is Only Beginning Oil prices have been volatile, but have generally been on the rise in recent months.  Latest figures suggest we might already be experiencing a deficit in the market, but that deficit is about to explode.  Market bulls should be very comfortable regarding recent trends because it points to […]

Week in Review

This week the market was relatively flat, but most of the major news this week seemed to be bullish in nature which supported a mild upward trend through the week with a sell off on Friday giving back the gains. Bullish news included the OPEC committee responsible for recommending changes suggesting leaving the supply cut […]

Mid-Week Review

OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June OPEC and other major oil producers on Monday canceled a meeting planned for April, leaving the alliance’s price-boosting production cuts in place until at least June. The group is delaying its decision because it expects the oil market to remain oversupplied through […]

Mid-Week Review

For China – One Belt, One Road, No Plan On Sept. 7, 2013, in a speech at Nazarbayev University in Astana, Kazakhstan, Chinese President Xi Jinping announced the launch of the One Belt One Road initiative, now widely referred to as the Belt and Road Initiative. This massive connectivity project, Xi said, would revive for […]

Mid-Week Review

Saudi Aramco says electric vehicles won’t heavily impact oil demand The world’s largest energy company says the electrification of vehicles isn’t anywhere near ready to overtake the traditional engine in the transport sector.  The transport industry accounts for more than half of oil demand and last year Morgan Stanley forecast that by 2025 there could […]

Mid-Week Review

Summary by Wayne Lee Goldman Sachs believes oil prices are about to go on a wild ride in 2019 Brent crude oil could easily rise into the $70-$75 per barrel trading range in the coming months, Goldman Sachs says.  The fundamental supply-and-demand outlook is being bolstered by technical support after oil prices hit three-month highs.  […]

Mid-Week Review

Russia’s Sechin raises pressure on Putin to end OPEC deal Igor Sechin, head of Russian oil giant Rosneft and one of Vladimir Putin’s closest allies, has written to the Russian president saying Moscow’s deal with OPEC to cut oil output is a strategic threat and plays into the hands of the United States.  The letter […]

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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