This Is OPEC’s “Target” Price For Oil
“This is how far we want prices to rise. That is our aim.”
“This is how far we want prices to rise. That is our aim.”
“Why are vols and spreads staying relatively low, despite the rise in policy uncertainty and populism?”
Well needless to say, Donald Trump’s comments in the Wall Street Journal (which hit at
Well, you know what they say, “all’s well that doesn’t end in a giant mushroom
Well, it kinda feels like everyone just said fuck it and bought the yen overnight
“The US launched Tomahawk missiles at Syria overnight, escalating the conflict there. There are three main reasons why this matters for the oil market.”
Here’s a rundown of pretty much everything you need to know in terms of who said what over the past seven or so hours. Most of this is predictable, but nevertheless you should keep yourself apprised.
Ok, so I don’t want to get too far down the Syria rabbit hole here
Some cartel folks had a meeting…
Well they’ve got moxie, there’s no denying that. Oil longs have been confounded of late
“I didn’t want this job. My wife told me I’m supposed to do this.â€
Following crude’s epic collapse two weeks ago, I noted that Goldman was quick to suggest HY
Well, it’s quiet out there as an exceptionally eventful week (finally) winds down. As we
Thank God for four months of sobriety because the old Heisenberg would have been at the bottom of a good bottle of scotch right now…
Apparently it’s a “sell the news” kind of day. Either that, or the reality of near-record stockpiles and soaring production has set in permanently after last week’s rout.
“For those looking for a re-balancing of the oil market, the message is that they should be patient.”
Some folks will be talking about the Fed today. In just a few hours we’ll
If you needed a reminder that oil prices can be volatile and are hyper-sensitive to
For those fearing the kind of deflationary downdraft and attendant market rout that a continued collapse in crude might well occasion (remember January, 2016), don’t worry because… well… “because lines”…
Rex is supposed to be the Secretary of State, but if you were going by things he’s said and public appearances, you’d be forgiven for thinking he was dead. Put differently, Rex is very much unlike Frederick Douglass, who, according to the President, “has done a great job and is getting noticed more and more.”
Discussing politics is generally considered to be a social faux pas. I was sitting in the barber
Well goddammit I told you so. I don’t how many times I’ve said that oil
A lot of times when you see something absurd, it strikes you as funny at first
“Is the country you live in on the right track? If your answer is no, then you’re in good company. Nearly two thirds of people around the world believe their country is heading in the wrong direction.”
Reuters is going to drive up oil prices today goddammit, even if they have to publish 18 stories to do it…
Well I’m not sure if I’d call it “bullish”, but as I’ve noted before “less
As you may or may not be aware, Saudi Arabia and a Sunni coalition comprising the usual suspects has been at war in Yemen for two years now. “Operation Decisive Storm”, designed to retake the country from the Iran-backed Houthis who quite literally drove Abdrabbuh Mansour Hadi into the Gulf of Aden (he fled on a boat), began in March of 2015 and it’s been a sh*t show ever since.
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