OILU News and Press, ProShares UltraPro 3x Crude Oil From 12/22/19

A Seeking Alpha reader asked me to comment upon a lengthy thesis that the oil market is about to make a regime change from a “regime of abundance” to a “return to scarcity.” And so the value of oil exploration and production (“E&P”) equities woul...

In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 58.80s as support. This expectation ...

The number of active drilling rigs in the U.S. jumps by 14 to 813, after coming in flat last week following seven straight weekly declines, according to Baker Hughes' latest survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long...

In a recent post on Seeking Alpha, An 'Unprecedented Opportunity' in Oil Paradigm Shift , Mark Gordon, CIO of Ascent Oil Fund, argues that "We're about to move from the Age of Abundance to a Return to Scarcity." He says that the paradigm shift will have significant implications for energy s...

In a challenging macro environment for the energy space, the broad midstream universe has performed defensively this year. MLPs may finish down for the third consecutive year on a price-return basis given performance through December 10, with MLP performance substantially diverging from midstr...

Welcome to the disappointment edition of Oil Markets Daily! There are increasing signs of disappointing US shale growth projections for 2020. IEA and OPEC currently have +1.3 and +1.5 mb/d y-o-y (total liquids) for the US. IEA, in particular, has +0.9 mb/d for crude production growth y-o...

At the OPEC+ press conference on December 6 th , Saudi Energy Minister Prince Abdulaziz bin Salman claimed that the 500,000 b/d production cut was “fresh barrels” and that he was not “fiddling with the numbers.” But a country-by-country analysis shows the cuts addin...

In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 57.70s as support. This expectation ...

In the “ Declaration of Cooperation ,” OPEC and non-OPEC oil producing countries made a commitment to adjust their respective oil production levels, either voluntarily or through “managed decline.” Two non-OPEC members of the OPEC+ petroleum regulation club are re...

The bond market is generally considered more sophisticated than most other markets, which is often attributed to the fact that professional investors and institutions more typically trade bonds than do retail investors (whereas retail investors and other speculators less privy to information a...