OILX News and Press, UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B From 10/28/22

Summary Over the past six months, President Biden has drawn down one-third of the U.S. Strategic Petroleum Reserve in an attempt to lower WTI crude prices and ease consumers’ pain at the pump. The SPR is part of a longstanding multilateral agreement between the U.S. and 30 ...

Summary Most biofuels come from Brazil. Brazil produces about one million barrels per day of ethanol during its winter months there and none during its summer months. From January 2018 to June 2022, World Other Liquids, less Brazil, increased by two million barrels per day. Th...

Summary Today, we face a new imperative: to balance energy security, transition and sustainability - to meet global demand for the fuels that drive our global economy, and to build the energy systems to redress climate change. Lesson one is that energy security and energy transiti...

Summary The US Strategic Petroleum Reserve (SPR) was founded in the wake of the 1973-74 oil embargo to help insulate the US from the impact of a severe oil supply interruption. This year, the Biden Administration announced the largest drawdown in SPR history as Russia’s inv...

Summary The root of Europe’s energy crisis is under-investment or outright dis-investment in nuclear energy and natural gas production/storage/transportation, combined with over-reliance on intermittent and relatively inefficient forms of renewable energy. Russia’s i...

Summary We can’t prevent the government or the Fed from implementing inflationary policies, so we might as well get used to inflation and learn to profit from it. There are ways to profit from inflation without selling stocks. Not only can we buy shares of fossil fuel compa...

Summary I have said for weeks that the Fed needs to slow the pace of its tightening campaign. Powell apparently decided last week that the market was taking things too far. Corporate earnings are being released for the quarter and, so far, they aren’t that bad. It w...

Summary OPEC crude output was revised lower in August 2022 by 30 kb/d compared to last month’s report. World liquids supply was 10.4 Mb/d higher than 2 years ago, OPEC crude output accounted for 5.3 Mb/d of this increase (51%). The annual decline rate for World C+C minu...

Summary Energy sector volatility and surging oil prices have sharply boosted interest in energy trading this year. Clients can also obtain relative value, or alpha, by rotating between outperforming and underperforming sectors underlying a broad index, according to Woolman. Th...

Summary US oil demand is bottoming. Couple that with the recent OPEC+ cut and the SPR announcement, and we have ourselves a nice floor for oil going forward. Energy stock valuations, as a result, should gradually rerate higher as generalists underwrite E&Ps using $70/bbl W...