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IA’s Dire Oil Forecast: $34 Crude Due To Far More Resilient Production, Oversupply And Lower Demand

IA’s Dire Oil Forecast: $34 Crude Due To Far More Resilient Production, Oversupply And Lower Demand Now that the massive USO-driven squeeze appears to be over (congratulations to whoever managed to sell equity and their secured lenders) the bad news can return. First, it was Goldman slamming the “unsustainable rally, and then just a few hours […]

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Moments After Oil Crashes To 12 Year Lows, “OPEC Headline” Sends It Surging Again

Moments After Oil Crashes To 12 Year Lows, “OPEC Headline” Sends It Surging Again Seconds after Oil hit the lows and NYMEX closed – and S&P broke the critical 1812 level, this hit: *OPEC READY TO COOPERATE ON CUT, UAE ENERGY MIN SAYS: WSJ Here is the source: Summer Said  ✔@summer_said OPEC is ready to […]

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WTI Slides After API Reports Massive Build In Gasoline & Distillate Inventories

WTI Slides After API Reports Massive Build In Gasoline & Distillate Inventories With the seasonally drawdown-prone December completed, we begin seasonally build-prone January with expectations for a 2mm barrel build. However, according to API, both total and Cushing inventory levels tumbled (-3.9mm and 300k respectively). Great news – so why is crude tumbling? Simple – massive […]

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“On The Cusp Of A Staggering Default Wave”: Energy Intelligence Issues Apocalyptic Warning For The Energy Sector

“On The Cusp Of A Staggering Default Wave”: Energy Intelligence Issues Apocalyptic Warning For The Energy Sector The Energy Intelligence news and analysis creator and aggregator is not one to haphazradly throw around hyperbolic claims and forecasts. So when it gets downright apocalyptic, as it did this week in a report titled “Is Debt Bomb About to […]

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Futures Soar On Hope Central Planners Are Back In Control, China Rollercoaster Ends In The Red

Futures Soar On Hope Central Planners Are Back In Control, China Rollercoaster Ends In The Red For the first half an hour after China opened, things looked bleak: after opening down 5%, the Shanghai Composite staged a quick relief rally, then tumbled again. And then, just around 10pm Eastern, we saw acoordinated central bank intervention stepping […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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