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Ukrainian Drone Strikes Target Russian Oil Refineries Again Despite White House Pleas
Ukrainian Drone Strikes Target Russian Oil Refineries Again Despite White House Pleas Just days after the Biden administration signed a new military aid package worth billions of dollars to Ukraine, Kyiv launched a series of suicide drone attacks on Russian oil refineries. Biden’s top officials have pleaded with Kyiv to stop attacks on Russia’s energy infrastructure because of the fears that turmoil in […]
Oil Markets Were Unwise But Right in the Israel-Iran Crisis
Oil Markets Were Unwise But Right in the Israel-Iran Crisis The Middle East seemed to be on the brink of war last week and oil prices fell. Was the market wrong? Brent futures price closed at $90.45 per barrel on Friday, April 12 before Iran’s missile and drone attack on Israel (Figure 1). When markets […]
Oil prices aren’t the Fed’s biggest problem right now — American demand is, says an economist
Oil prices aren’t the Fed’s biggest problem right now — American demand is, says an economist Inflation could see a resurgence in 2025, BlackRock strategists warned. Jonathan Kitchen/Getty Images “I think what’s difficult for the Fed currently is actually the part of CPI that is being driven by demand, rather than the supply issues or the […]
Israeli Missiles Hit Iran, the Price of Oil Jumps 3 Percent
Israeli Missiles Hit Iran, the Price of Oil Jumps 3 Percent In a game of tit for tat, Israel strikes back at Iran for Iran’s missile launch against Israel. Iran’s attack on Israel was in response for Israel illegally striking an Iranian embassy in Syria. Israeli Missiles Hit Site in Iran The NPR reports Israel launches […]
Israel Warns Iran Of Massive Regional War If Directly Attacked
Israel Warns Iran Of Massive Regional War If Directly Attacked Update(1831ET): With Israel’s embassies around the world on a heightened state of alert, and extra IDF reservists called up, and home and weekend leave for all combat troops having been abruptly canceled Thursday, the Israeli population is anxiously awaiting a response – with some reports saying residents […]
Oil Surges Over $90, Stocks Tumble After Israel Puts Embassies Around World On Maximum Alert
Oil Surges Over $90, Stocks Tumble After Israel Puts Embassies Around World On Maximum Alert At this point Israel’s ties with key Gulf countries like the UAE are near breaking point, after only a few short years ago diplomatic normalization was hailed through Trump’s Abraham accords. But international and Israeli press reports are confirming the […]
Oil Can Push Higher As Cushing Stockpiles Collapse
Oil Can Push Higher As Cushing Stockpiles Collapse Crude prices will likely get a fresh boost this week, as stockpiles at the key US storage hub in Cushing, Oklahoma, risk collapsing to the lowest level (aka “tank-bottoms”) in almost a decade. Such a move would embolden those aiming for a return of $100 oil by […]
Andurand: Oil Prices Could Exceed $140 If China’s Economy Fully Reopens
Andurand: Oil Prices Could Exceed $140 If China’s Economy Fully Reopens Hedge fund manager Andurand: full reopening of Chinese economy could send oil prices past $140 per barrel. Andurand: The market is underestimating the scale of the demand boost. Andurand did say last week that oil demand will be limited somewhat by a growth in […]
EU’s Oil Price Cap Creates a Price Cap… on Stupidity
EU’s Oil Price Cap Creates a Price Cap… on Stupidity MOSCOW, RUSSIA DECEMBER 1, 2021: Russia’s Foreign Ministry Spokesperson Maria Zakharova gives a weekly press briefing. Russian Foreign Ministry/TASS The EU and the US went forward with their long-debated, long-telegraphed move to put a price cap on Russian oil at $60 per barrel. By […]
G7 Russian Oil Price Cap, Admission of Defeat From Collective West–Part 2
G7 Russian Oil Price Cap, Admission of Defeat From Collective West–Part 2
Dodgy Demand Data? The Oil Price Collapse Conspiracy
Dodgy Demand Data? The Oil Price Collapse Conspiracy WTI oil prices have given up nearly all their gains since Russia invaded Ukraine, falling roughly 9.5% over the course of the week amid fears oil demand is collapsing. Some oil pundits are now claiming that the Biden administration has been fabricating low gasoline demand data in […]
A potential ‘black swan’ for US oil prices is being overlooked: unreliable electricity grids
A potential ‘black swan’ for US oil prices is being overlooked: unreliable electricity grids Failing power grids and electricity shortages across the US could throw the oil market into chaos. Photo by: Planet One Images/UCG/Universal Images Group via Getty Images Failing US power grids could be the next vulnerability in the supply chain for oil, energy […]
JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut
JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut An employee walks across the top of an oil storage tank at an oil field near Salym, Russia. Source: Bloomberg Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned. […]
Oops! U.S. oil and gas exports fuel domestic price rise
Oops! U.S. oil and gas exports fuel domestic price rise The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called “shale revolution” in the country’s oil and gas fields, the United States […]
