Hedge funds abandon all hope in OPEC: Kemp
“All hope abandon, ye who enter here,” is the warning inscribed above the gate of Hell, according to the Italian poet Dante Aligheri (“The Divine Comedy”, Inferno, Canto III, 1308-1320). Continue Reading
Has the oil market reached ‘peak bear’?
Investor bets against the oil price are piling up at breakneck speed, the market is still buckling under the weight of excess supply for a third year in a row, Continue Reading
Carbon in Atmosphere Is Rising, Even as Emissions Stabilize
On the best days, the wind howling across this rugged promontory has not touched land for thousands of miles, and the arriving air seems as if it should be the Continue Reading
Great recession fears as bankers warn next global crash could arrive ‘with a vengeance’
Central bankers have voiced fears about the Chinese economy as corporate debt rises faster than GDP A new financial crisis is brewing in the emerging economies and it could hit Continue Reading
Oil Prices Inch Higher As Saudi Crude Oil Loadings Drop
We discussed back in early May how Saudi Arabian crude export loadings in April had dropped materially. Given the journey time to US shores (hark, seven-ish weeks), the expectation was Continue Reading
Iran’s Largest Oil Terminal Boosts Capacity To 8 Million Bpd
The Kharg oil terminal in Iran has increased its crude oil loading capacity to 8 million barrels per day (bdp), three times the current Iranian crude and condensate exports, the Continue Reading
Middle East At Point Of No Return As Saudi-Qatar Rift Deepens
Saudi King Salman’s decision to appoint his son Mohammed Bin Salman (MBS) as the new crown prince did not come as a surprise. For months, the power struggle between former Continue Reading
Kurdistan Targets Saudi Market Share In The U.S.
Kurdish oil is headed for the United States this week, further buttressing the semiautonomous region’s economic independence as Erbil prepares for a referendum on political independence later this year. An Continue Reading
China’s new high-speed train debuts on Beijing-Shanghai route
China’s next generation bullet train “Fuxing” debuted on the Beijing-Shanghai line on Monday. A CR400AF model departed Beijing South Railway Station at 11:05 a.m. for Shanghai. At the same time, Continue Reading
Welcome to the Booming Texas Port at Heart of U.S. Oil Sales
Dredging to boost export capacity to 3 million barrels a day New pipelines set to increase supply moving out of South Texas Late last month, an oil tanker that measures Continue Reading