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 […]
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 […]
Oil prices were climbing again early on Thursday morning, with both Brent and WTI more than $2 higher than they were at the start of the week. Cold weather is expected in the United States, […]
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 […]
Oil prices extended gains this morning, despite the across-the-board builds reported by API last night, following comments from the IEA cautioning that prices could rally next year amid a tightening market. “Positioning is now much […]
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