OILX News and Press, UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B From 03/15/23

2023-03-15 06:30:00 ET Summary The supply and demand dynamics are bearish for now. Should the shorter-dated spreads diverge from the spot price, it tends to provide a decent signal as to the forthcoming price action. Price action continues to look interesting for the oil price...

2023-03-15 03:41:00 ET Summary The CPI came in at 0.37% for the month of February. Falling energy prices made the CPI look cooler than it actually was. Shelter is still far too high to get the CPI back down to anything remotely close to 2%. The Fed and Treasury averted a c...

2023-03-14 04:53:00 ET Summary Last Friday, the Labor Department revised both their December and January payroll reports by a total of 34,000 jobs, from 260,000 down to 239,000 in December, and from 517,000 down to 504,000 in January. So far, the Fed has been remarkably quiet abou...

2023-03-13 04:07:00 ET Summary November Non-OPEC oil production increased by 502 kb/d to 51,099 kb/d. U.S. December production decreased by 276 kb/d to 12,101 kb/d. World without the US oil output increased by 135 kb/d to 69,547 kb/d in November. For furt...

2023-03-09 07:41:00 ET Summary Commodities pulled back during February as U.S. interest rates rose and the U.S. dollar followed interest rates higher. Another relative year-to-date performance driver has been U.S. natural gas. The warmer than normal winter, especially in the North...

2023-03-07 16:06:00 ET Summary The shifting geographic demand for commodities in focus. China's growing dominance of the EV supply chain. Oil demand in India and China. Daniel Ghali, Senior Commodity Strategist at TD Securities, speaks with Greg Bonnell about...

2023-03-07 05:10:00 ET Summary Stocks generally perform much better when inflation is falling than when it is rising. Rates are in a short-term and intermediate-term uptrend. Growth may be a little better than expected and inflation may be a little worse. With the ...

2023-03-07 03:15:00 ET Summary We are approaching spring, when crude oil prices typically rise, so the “Big Energy Bet” is likely to continue to pay off in the upcoming months. Crude oil inventories in the U.S. are currently 9.7% higher than the 5-year average, so WT...

2023-03-06 09:55:00 ET Summary All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs February Petroleum Supply monthly (PSM) which provides updated information up to December 2022. The Drilling Productivity Report (DPR) uses r...

2023-03-04 05:55:00 ET Summary Energy costs for oil and gas imports rise owing to the Russian invasion of Ukraine, a dislocation that keeps shifting outlooks. The global LNG trade is expected to grow and the U.S. is a beneficiary. One cannot auto-pilot their investments in oil...