Oil prices drifted sideways to modestly lower overnight after the notable builds reported by API, as mixed company earnings and weaker business activity spurred concerns about the US economy While there’s expectation that China’s oil […]
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 […]
January 25, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2023 In our January 2023 Short-Term Energy Outlook, we forecast that crude oil production in the United States will average 12.4 million […]
Oil futures gained slightly on Thursday, even in the face of recession fears as a sharp decline in U.S. retail sales and manufacturing output muddied the outlook for demand, while industry data showing a surprise […]
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 […]
Oil prices are lower this morning (despite a small crude draw reported by API overnight) amid concerns about a jump in Covid-19 cases after China suddenly rolled back pandemic rules (which is ironic because prices […]
Good economic data was bad for energy stocks today. What happened The energy industry was hit hard on Thursday by a number of factors from falling prices to a speculation about higher interest rates. Markets […]
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