OPEC can't control long-term prices, and other lessons from departing Goldman commodity research...
Market Watch· 12 hours agoJeff Currie is leaving Goldman Sachs as head of its commodities research team after 27 high-profile years, in a fairwell gift, its commodities team produced 10 lessons learned. “From understanding ...
U.S. Crude Oil Hits Highs of the Year
The Wall Street Journal· 3 hours agoU.S. crude oil futures extended their three-month-long rally, bringing them to their highest level of the year. The jump extended a run-up in prices that...
California gas prices could jump 15 to 35 cents per gallon soon, expert says. Here’s why
Sacramento Bee· 2 hours ago“Supply cuts by OPEC+ (Organization of the Petroleum Exporting Countries) and a cut from Russia have...
OPEC Just Did Social Security Retirees a Huge Favor
Motley Fool· 4 days agoIf you're a retiree collecting Social Security, you probably know that one of the most important days of the year is just around the corner. The Social...
OPEC is going into a death spiral, because of China
Daily Telegraph· 1 day ago“By 2030 oil demand for cars will be falling at over 1m b/d every year and the endgame for one quarter of global oil demand will be in sight,” it said. Prince Abdulaziz bin Salman, Saudi Arabia ...
Oil could make new 10-month high on EIA data
The Forex Market· 12 hours agoThe US Dollar prints another 10-month high as investors flee into the safer Greenback. Oil prices are jumping higher this Wednesday with traders bracing...
OPEC Theater
Cato Institute· 7 days agoPetroleum engineers consider various factors, including the oil’s viscosity, the permeability of the rock, and the natural reservoir pressure, when they plan reservoir development. Oil wells ...
Rising oil prices boost US drilling, producer costs rise -Dallas Fed
Reuters· 6 hours agoOil and gas activity in three key energy producing U.S. states has been rising with the latest jump...
OPEC+ Cuts Offset By Booming U.S. Oil Production
Oilprice.com via Yahoo Finance· 2 days agoDespite a reduction in active drilling rigs, U.S. crude oil production is on track to set a monthly record in September, matching its previous high from November 2019.
Oil Prices ‘Melt Up’ in a March Toward $100 a Barrel
New York Times· 6 hours agoAnalysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts. Many energy...
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