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12 Empty Supertankers Tell Us Everything We Need To Know About The Oil Market

12 Empty Supertankers Tell Us Everything We Need To Know About The Oil Market As the US battles with its OPEC+ rivals over the direction of global oil prices (Trump wants to keep oil prices subdued, while Saudi Arabia and Russia, reeling from years of prices too low to balance their budgets, are desperately hoping […]

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The “Weakest” EIA Report In Years

The “Weakest” EIA Report In Years The EIA just published one of the “weakest” weekly oil reports in years, which suggests troubled waters ahead for the global oil market. The timing of the report is not ideal, coming amidst a currency crisis in Turkey, which has raised fears of financial contagion in other emerging markets. […]

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Tight Oil Markets Are Ignoring Supply Risk

Tight Oil Markets Are Ignoring Supply Risk The global oil market is once again in flux as geopolitics and regional conflicts take an increasingly heavy toll on oil supplies. Since the OPEC meeting in Vienna, warning signs that oil markets are heading for a shortage in supply, due to low spare production capacity and growing […]

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Record Oil Production Doesn’t Free U.S. From Global Market

Record Oil Production Doesn’t Free U.S. From Global Market In the first week of July, U.S. net imports of petroleum products fell to just 1.670 million barrels per day (mb/d), the lowest weekly total on record in at least three decades. The decline of net imports comes as the U.S. has ramped up oil production […]

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Saudis Bring Oil War To Europe With Largest Price Discount Since 2009

Saudis Bring Oil War To Europe With Largest Price Discount Since 2009 With oil exports to Europe having slipped from 13% of Saudi’s total to just 10% in the last six months, The FT reports, the de facto leader of OPEC has slashed its Official Selling Price (OSP) to Europe in an effort to regain market share. Saudi lowered […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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