News and Commentary From

Iranian Nuclear Impasse
The president pulled out of the Iranian nuclear agreement and threatened them if they resume enrichment. Continue reading
Decision Time
The President is going to announce his decision on the Iranian nuclear deal at 2:PM on Tuesday. Continue reading
Maintenance Period for Refiners
Everyone knows that refiners are entering their spring maintenance period where they make repairs, install upgrades and switch over to the summer fuel blend processes. Continue reading
Trouble in Saudi Arabia
The best laid plans of mice and men sometimes go astray. Continue reading
New Production High
U.S. production rose only 13,000 bpd but it was a new record high. Continue reading
Sector Crash
Crude prices remained around the $65 level but energy stocks flamed out. Continue reading
Abundance of Wealth
Brent crude hits $70 for the first time since 2014. Continue reading
Back to 2015
Crude prices rallied to close over $60 and the highest level since 2015. Continue reading
Prices Are Dormant
With the OPEC meeting behind us, oil prices are dormant despite several disruptions Continue reading
Peak Rigs
Active drilling rigs in the US peaked in July. Continue reading
Bear Market in Energy
Equity investors continue to fret over the potential for 3-5% declines. Continue reading
OPEC Fails Again
The combination of the OPEC production cut extension and eight weeks of inventory declines in the U.S. were not enough to lift prices. Continue reading
Drilling for Dollars
With crude prices comfortably over $50 and active rig counts surging higher, where are those rigs going? Continue reading
OPEC's Fake News
Everyone new OPEC would come up with some kind of announcement to make it appear there was an agreement to cut production. Continue reading
Agreed to Consider
Oil prices rallied strongly all the way back to resistance at $48.50 on the OPEC headlines out of Algeria. Unfortunately, it is just a headline. Continue reading
Conflicting Views
OPEC and the IEA seem to be looking at a different set of numbers. OPEC expects a continued glut while the IEA is seeing the supply demand imbalance shrinking. Continue reading
Oil Shortage Coming
Geophysicist Jiles van den Beukel, warned last week that oil supplies will fall below demand from 2018-2020. Continue reading
Brexit Crash?
Crude oil prices fell to $46.14 on Thursday on worries Great Britain will vote to leave the EU and throw Europe into turmoil that will reduce demand for oil. At least that is what the talking heads on TV would have you believe. Continue reading
Say Goodbye to Cheap Gasoline
The wildfire in Canada and production outages around the world has erased the recent glut in daily production. Oil and gasoline prices are going to rise. Continue reading
Reality is Rapidly Approaching
The April 17th meeting in Doha Qatar is rapidly approaching and traders are finally starting to realize that even if there is an agreement it will be meaningless. Continue reading