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It's the oil market equivalent of one of Hollywood’s most famous movie taglines: “Just when you thought it was safe to go back in the water …”That promo was for the 1978...
Natural gas bulls may have hope for $3 pricing after all. A late bout of February cold, initially dismissed by analysts, led to blowout consumption of gas for heating last week, prompting revisions to...
In Canada, the province of Alberta seeks to get into the oil distribution business; Saudi Arabia deals with maintenance issues that temporarily disrupt production; and the markets wait to see what the...
Palladium, the metal used in the catalytic converters of gasoline-powered cars to transform polluting gases into less harmful emissions, hit a record high today, nearing the $1,500 level on its fifth...
Shale oil is setting new production records, threatening the Organization of the Petroleum Exporting Countries with another showdown that could upend the market as U.S. crude prices cross $55 per...
Two proposed U.S. legislations are threatening to deprive Saudi Arabia and Russia of autonomy in their oil policy, just as the OPEC+ collaboration between the two countries brings crude back into a...
The EIA revised its 2019 global oil demand outlook downward this week. While the revision is slight—101.45 million bpd compared to 101.54 million bpd—it reflects growing concerns that a...
Originally published by AxiTraderOil prices have been rising today, despite an unexpected increase in crude oil inventory. The latest number from the EIA showed an inventory build of 3.6 million...
Oil bulls made a ponderous run into 2019—and are finding it increasingly hard to keep their pace.Few hurdles appeared in crude’s upward path when the year began as relentless Saudi...
The dollar has climbed 1.5% since Jan. 31. During the same period, gold dropped 0.85%.For half of those days, the precious metal was up, together with the U.S. currency. Considering that gold is...
It’s an audacious move few would attempt, but U.S. President Donald Trump is counting on Saudi Arabia’s help to fill any oil supply gap caused by his sanctions on Venezuela, while trying...
Is the winter pretty much over for natural gas bulls?It’s a question confounding long position holders on the Henry Hub as the gas market awaits potentially explosive drawdown data today from...
Markets may be underestimating the impact of U.S. sanctions on Venezuela’s oil industry. Although oil prices dropped on Wednesday morning, this was in response to the weekly API report that...
For the second time in a year, Saudi Arabia is reportedly persuading Russia to enter a formal pact with OPEC to control global crude exports and prices. Once again, Moscow may stall and eventually...
A global supply squeeze and laser sharp focus on electric vehicle batteries has transformed nickel into one of this year’s super commodity performers, with analysts seeing little fade in the...