Weekly Report: what happened at OLOXF last week (0415-0419)?

Short-Term Energy Outlook, April 2024

EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025. Working natural gas in storage is forecast to be significantly above the 5-year average in 2024 and 2025. The EIA expects Inflation to reach the 2% target in late 2024.

Brad Simpson On Rising Iran-Israel Tensions And The Implications For Markets

Signs Of Life In Global Resources

Geopolitical Conflict Threatens Yet Another Shipping Choke Point

What Iran's Attack Means For Commodities

Middle East Escalation Boosts Oil Supply Risks

Possible Rising Recriminations Face The Stock Market

What Inflation And Geopolitical Uncertainty Could Mean For Oil Prices

Bart Melek, Global Head of Commodity Strategy at TD Securities, speaks with Kim Parlee about the outlook for oil prices. The price of oil is up 20% year to date. He says geopolitical tensions and inflation are factors in the rise in prices.

Weekly Report: what happened at OLOXF last week (0408-0412)?

Tighter Fundamentals And Geopolitics Are Pushing Commodities Higher

Home Market Outlook Commodities Tighter Fundamentals And Geopolitics Are Pushing Commodity Prices Higher. Oil market tightens as geopolitical risks grow. Europe exits winter with record natural gas storage. Copper is trading at its highest since the middle of 2022.

Oil: The Top Is Likely In For Now

Elevated positioning, bullish sentiment and falling refinery margins suggest this move higher in oil prices is probably done. Oil prices are likely to be well-supported on the downside but capped on the upside. The general consensus is OPEC+ is driving their higher production through the rest of 2024.

December World Oil Production At Post-Pandemic High

World oil production increased by 400kb/d in December to a post-pandemic high. January World oil production is projected to drop by 1,744 bbl/d to 81,178 bbls/d. The Big Three, US, Saudi Arabia and Russia are the top three oil producing countries in the world.

With 10-Year Treasuries At 4.4%, How High Is Too High?

Weekly Report: what happened at OLOXF last week (0401-0405)?

Oil, Jobs And Money

Economy is still growing. The labor market is not showing signs of slowing. The recent surge in oil prices is another curve ball messing up the rate cut outlook. The Fed’s deliberations on the price of oil and other commodities do not factor directly into the Fed's forecast.

Crude Oil Prices Turn North Following Long-Term Fundamentals

OPEC predicts robust world oil demand growth in 2025 and expects hydrocarbons to continue accounting for 80% of the world's energy supply. Total inventories of crude and products have fallen significantly year over year and U.S. Production has peaked and fallen. Crude oil pricing has been increasing due to long-term fundamentals and small changes.

Cryptocurrency ETFs: Opportunities And Risks As The Price Of Bitcoin Climbs

Bad Weather Drops U.S. January Oil Production

Oil Update - March 2024