Energy & precious metals

investing.com Investing.com -- It's OPEC+ week ahead and we can expect the drone on how much higher crude prices can go to continue all week. After a near 30% gain in the third quarter,…

Climate Looms Large Over Middle East’s Biggest Oil Gathering

finance.yahoo.com At the biggest Middle Eastern energy conference this week, oil won’t be top of the agenda. • None Senate Voting on Bill to Avert US Government Shutdown • None Once…

Are $100 Oil Prices Realistic? Maybe Not By End-2023, But Almost Certainly By 2025

valueinvesting.substack.com This article is a summary of oil price insights delivered by various esteemed sellside analysts — including Goehring and Rozencwajg’s Q2 letter, Arjun Murti of Super-Spiked…

Stagflation is ‘the big bogeyman out there’

cnbc.com Just a few months ago, investors appeared relatively sanguine about the dreaded prospect of stagnant economic activity and rising inflation. Oil prices surging to the brink…

Assessing the BRICS Expansion: Debunking Expectations

mises.org At the conclusion of the BRICS summit in Johannesburg on August 24, 2023, it was announced that the five-country grouping of Brazil, Russia, India, China, and South Africa,…

Biden angers all sides with scaled back offshore oil drilling plan

reuters.com The Biden administration's plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies…

Oil dips at September close but wins big on month and quarter

investing.com Investing.com - Crude prices fell on the last trading day of September on growing uneasiness over how the world might cope in the coming months with exploding energy costs,…

Wall Street Expects Hot Oil Prices to Cool Down

wsj.com Cuts made by OPEC and its allies at the start of July lowered global oil supplies below demand. Oil prices surged in the third quarter, but Wall Street doesn’t expect the…

Oil Prices Climb to Highest in a Year. OPEC Cuts Will Bite

barrons.com Output reductions by OPEC, plus additional voluntary cuts by Saudi Arabia and Russia, will reduce global production by about 1.3 million barrels a day through the end of the…

Surging oil prices could cause demand to crumble, forcing Saudi Arabia to take its 'foot off the brake' sooner than markets expect, energy exec says

finance.yahoo.com None Crude oil prices reached an new high for the year, driven by Saudi Arabia's production cuts. • None But Riyadh may soon lift the restrictions, Rapidan's Bob McNally…

Kick Start or Kick Over

nakedcapitalism.com Yves here. John Helmer argues that Russia’s lithium reserves not only are considerably larger than those of Australia, depicted at the lithium-richest country in some…

Oil Updates

arabnews.com LONDON: Oil prices were set for a weekly gain of around 2 percent after regaining ground on Friday amid strong holiday demand from China and persistently tight US…

Oil eases 1%, reversing rally, on profit taking, interest rate worries

reuters.com An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Picture taken on November 12,…

Oil set for 2% weekly gain on China holiday demand, tight US supply

reuters.com An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo Acquire…

Geopolitics Is Wreaking Havoc on the Oil Market

barrons.com About the author: Paul Sankey is president of Sankey Research, an independent energy research provider. Saudi Arabia’s recent unilateral, one-million-barrel-a-day cuts in…

Oil Prices Fall Hard After 2-Day Rise

oilprice.com Crude oil prices fell on Thursday after rising on Tuesday and Wednesday, with Brent retreating shortly before reaching $98 per barrel. The price of a Brent barrel sank 1.69%…

Oil prices fall as Russia, Saudi Arabia expected to boost supply

finance.yahoo.com FILE PHOTO: FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal TOKYO (Reuters) - Oil prices fell in early trade…

‘Overbought’ oil down 2%’; more downside likely if bond selloff continues

investing.com Investing.com - “When push comes to shove” — the phrase seems to be making itself evident with the oil market, where the sharpest correction in nearly two months occurred on…

How OPEC Is Regaining Control of the Global Oil Market

247wallst.com U.S. benchmark West Texas Intermediate (WTI) crude oil has added nearly a third to its price over the third quarter of this year. The price driver is generally put down to…

The 2 immovable forces behind $100-per-barrel oil

aol.com Good morning, Peter Vanham here in Geneva, filling in for Alan. Looking a year out, economists don’t just expect “higher for longer” interest rates; that phrase also applies…

The daily business briefing: September 28, 2023

theweek.com The Hong Kong stock exchange posted a notice Thursday saying trading of China Evergrande shares was suspended. The exchange did not give a reason for halting trade in the…

Goldman Sachs Pounds the Table on 5 Sizzling Oilfield Services Leaders as Oil Surges Toward $100

247wallst.com The relentless climb of Brent and West Texas Intermediate crude since the summer has been one of the biggest stories on Wall Street recently, and with good reason. The…

Oil prices edge higher on U.S. crude draw, tight global supply

theglobeandmail.com U.S. oil futures jumped to their highest in more than a year on Thursday as a drop in crude stocks in the United States added to worries over tight global supplies from…

Oil Price Touches One-Year High amid Production Cuts

coinspeaker.com Coinspeaker Oil Price Touches One-Year High amid Production Cuts Oil prices experienced a significant surge to their highest level in more than a year during the Asian…

IEA Pushes 'Silly' 2030 Peak Oil Demand Forecast As JPM Warns "Supercycle Returns"

zerohedge.com IEA Pushes 'Silly' 2030 Peak Oil Demand Forecast As JPM Warns "Supercycle Returns" The credibility of the International Energy Agency continues to wane as it continues to…

Oil Prices Climb to Highest in a Year on Fears OPEC Cuts Will Start to Bite

barrons.com Output reductions by OPEC, plus additional voluntary cuts by Saudi Arabia and Russia, will reduce global production by about 1.3 million barrels a day through the end of the…

High Oil Prices Unlikely To Fuel Energy Stock Rally

fisherinvestments.com Oil prices look unlikely to fuel big Energy outperformance. After languishing behind the rest of the market for about eight months, global Energy stocks enjoyed a…

Oil nears $94 per barrel

foxbusiness.com The price of oil is nearing $94 per barrel after U.S. crude inventories fell by 2.2 million barrels last week, according to the Energy Information Administration (EIA).…

Oil Prices ‘Melt Up’ in a March Toward $100 a Barrel

nytimes.com An oil refinery in El Paso, Texas. Global demand for oil has grown strongly recently, shrugging off economic concerns. Analysts have raised their forecasts for oil prices,…

US Shale Giant Agrees With JPMorgan: Oil Headed For $150

zerohedge.com US Shale Giant Agrees With JPMorgan: Oil Headed For $150 Slowly but surely, the market is waking up to a jarring realization: the price of oil is now higher than where it…

America’s emergency oil reserve is at a 40-year low

edition.cnn.com America’s emergency oil stockpile has plunged to 40-year lows. The shrinking Strategic Petroleum Reserve is limiting Washington’s ability to shield consumers from the…

US oil prices surge to their highest level in 2023

aol.com None US crude oil prices hit their highest mark of the year on Wednesday. • None Prices have been climbing since this summer when OPEC+ slashed global oil supply. The price…

Are Net Zero Emissions Still in Play?

247wallst.com On Tuesday, the International Energy Agency (IEA) released an update to its 2021 Net Zero Roadmap. As with all things related to climate change, there is good news and bad…

U.S. Crude Oil Hits Highs of the Year

wsj.com U.S. crude oil futures extended their three-month-long rally, bringing them to their highest level of the year. Futures were trading at $92.27 a barrel, up about 2% from…

OPEC can't control long-term prices, and other lessons from departing Goldman commodity research chief Jeff Currie

marketwatch.com Jeff 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…

Britain gives go-ahead for Equinor to develop Rosebank oilfield; oil prices climb amid tight supplies

theguardian.com Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Rosebank, the largest untapped oilfields in UK water, has been…

Oil Traders Overstretch Futures Market

oilprice.com Oil traders have been gobbling up futures in the six most traded crude and fuel contracts on that market for four weeks now. It's easy to see why: it was enough for Saudi…

Why did Gavin Newsom veto a high-profile trans bill?

semafor.com The News LOS ANGELES – Gov. Gavin Newsom’s weekend veto of a transgender rights bill surprised some progressive Democrats, angered some LGBTQ activists, and got a mixed…

Are Energy Prices Likely To Remain High?

forbes.com Though there have been signs recently that the US and world economy are slowing, and broader inflation figures may have peaked, energy prices – particularly oil – are…

$100 Oil Threat

247wallst.com A handful of Wall Street analysts believe oil will top $100 a barrel by the end of the year. If so, the economy could rush toward recession. Oil trades for $90, and OPEC may…

‘Not nearly enough.’ IEA says fossil fuel demand will peak soon but urges faster action

cnn.com Global demand for oil, natural gas and coal is likely to peak by 2030 — an “encouraging” development but “not nearly enough” to limit the rise in global temperatures to 1.5…

Oil Export Bans Make for Crude Politics

mises.org The Organization of the Petroleum Exporting Countries (OPEC) embargo on sales of crude oil from their member countries to the United States was a response to US support for…

Peak Oil Is Near, Energy Agency Says, but Climate Change Is Far From Solved

nytimes.com A cement factory in Gujarat, India. Countries will need to clean up factories that make steel and cement to keep global warming to relatively safe levels. Despite the rapid…

BRICS: JP Morgan Predicts Crude Oil To Reach $150 Per Barrel

watcher.guru The majority of BRICS members export crude oil around the world, including the U.S., Europe, and other Western allies. Saudi Arabia, the UAE, Iran, Egypt, Ethiopia, and the…

Oil prices slip as high interest rate outlook outweighs tight supply

investing.com TOKYO/BEIJING (Reuters) -Oil prices fell on Tuesday amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with…

Crude Oil on the Rise: JPMorgan Predicts a Surge to $150 per Barrel Amidst Global ‘Energy Supercycle’

news.bitcoin.com Christyan Malek, the lead for EMEA energy equity research at JPMorgan, predicts that by 2026, crude oil prices could soar to $150 a barrel. Malek believes a looming energy…

How oil price hikes boost Russia's war as drivers pay more for gas

pbs.org Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. The increase also complicates the global fight against…

Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war

news.yahoo.com FILE - The prices of the various grades of gasoline available are displayed electronically on a pump at a filling station on Sept. 18, 2023, in Newcastle, Wyo. Oil prices…

Oil prices have risen. That’s making gas more expensive for US drivers and helping Russia’s war

bostonherald.com Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. The increase also complicates the global fight against…