Tag: USOIL
US oil after JMMC: between higher spending and an energy war
In July, OPEC’s crude production tumbled by the most in three years (-900k) to an average of 27.79 million bpd as Saudi Arabia implemented...
USOil surges as supply tightens
Following Saudi Arabia's Energy Ministry announcement, that it will extend its voluntary production cut by one million barrels per day until September, with the...
Chevron: Q2 2023 Earnings Report Preview
Chevron Corp. is expected to report earnings on Friday (28/07) before market open, amid rising crude oil prices. The report is for the fiscal...
May the Supply be with you – OPEC & Oil
The 8th OPEC International Seminar is underway in Vienna and the participants are doing their utmost to validate their actions (production cuts) as effective...
Crude Oil: cuts, a hesitant demand and backwardation
We had already talked about it, but it's back in the news: IEA (International Energy Agency) Executive Director Fatih Birol expressed his worries about...
Market Update – May 26 – 2-year Debt Ceiling Deal Approaching?
The USDIndex holds the breach of 104.00 on news the US debt ceiling talks are progressing and a 2-year deal is possible. Strong US...
