Oil held steady as investors weighed the extent of China’s demand recovery and fears a global slowdown with drag down consumption. West Texas Intermediate futures were $80 a barrel after declining 1.8% on Tuesday as […]
What psychologists refer to as “illusory truth” is the tendency people have to believe anything, no matter how false, so long as they hear it repeated often enough. Proponents of climate alarm endlessly repeat that the world […]
ENB Pub Note: Audurand has some excellent points, until the calculations with the EV cars displacing the amount of oil due to their increases sales. That seems yet to be determined. Hedge fund manager Andurand: […]
Authored by Victor Xing via The Mises Institute, Executive Summary In the near term, China’s reopening and buying of ESPO crude would likely erode the role of Brent & energy indices Gulf nations envision the […]
By Grant Smith and Mark Cudmore, Bloomberg markets live reports and strategists Oil prices may have surrendered the bulk of this year’s gains, but the conditions are right to lure back bulls in the new […]
Portfolio manager Eric Nuttall sees oil returning to $100 per barrel in 2023. The end of coordinated SPR releases, the gradual reopening of the Chinese economy and sanctions on Russian crude could lift oil prices […]
Energy markets have been on a roller-coaster ride this year. In response to Russia’s invasion of Ukraine, Western countries imposed financial sanctions on Russia and embargoed its oil exports. Russia cut its gas supplies to […]
LONDON, Dec 13 (Reuters) – Oil pared gains after rising by over $1 earlier in the session, as declining optimism over a Chinese oil demand recovery capped support from supply disruptions. Brent crude futures were […]
Lower demand forecasts could materialize if China doesn’t fully reopen. The European Union is preparing to implement an oil import embargo on Russian crude oil next month and on fuels two months later. Bets on […]
US energy dominance has altered a fundamental economic relationship. Today, rising oil prices are associated with a strengthening US dollar, whereas rising oil prices once caused the dollar’s exchange rate to decline. Rising US oil, […]
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