OILX News and Press, UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B From 04/05/23

2023-04-05 03:44:00 ET Summary U.S. oil production increased by 437 kb/d to 12,462 kb/d, a post-pandemic high. From the beginning of April 2021 through to the week ending July 29, 2022, the US added horizontal oil rigs at a rate of close to 3.76 rigs/wk and peaked at 551 rigs in t...

2023-04-05 00:41:00 ET Summary Why OPEC's production cut could impact broader markets. An unexpected cut in oil production just made the Fed's job more complicated. Is Commercial real estate the next shoe to drop for banks? The surprise OPEC+ production cut i...

2023-04-04 03:05:00 ET Summary Many of last winter’s biggest worries don’t look so bad in the spring. The few big bank failures didn’t explode into a massive bank run. The solution to un-stressing the banking system is simple: the Fed has to un-invert the Trea...

2023-04-04 01:26:00 ET Summary Financial system challenges may be reflected in a rising unemployment rate during the second half of 2023. In the currency world, central bank policies are shifting, but not in a synchronized manner. Risk management is at the forefront in this un...

2023-04-03 12:52:00 ET Summary A handful of OPEC+ members surprised the market over the weekend by announcing further voluntary cuts amounting to around 1.66m b/d from May to December 2023. These surprise cuts mean a tighter market this year. As a result, we have had to revise...

2023-04-03 02:16:32 ET Summary Saudi Arabia led a 1.16M barrels per day cut in OPEC+'s production, propelling the recent recovery in oil prices further. Russia's extension of its supply cut from July could intensify the bull case further, coupled with China's economic recovery in ...

2023-04-01 09:02:00 ET Summary For April, I am reducing my March forecast for West Texas Intermediate oil by $5 to range between $65 to $85 per barrel. The negative gamma effect of financial institutions having sold protective puts on WTI oil prices to various producers. Becau...

2023-04-01 08:25:00 ET Summary Factors are the primary market drivers of asset-class returns. The year 2022 was a memorable one for investors, but for not altogether positive reasons. One bright spot, however, was the relative outperformance of equity risk factors versus other pop...

2023-04-01 03:58:00 ET Summary The energy markets look to have taken a bullish turn over the past couple of weeks. Until we see inventory levels move below their seasonal averages, the supply and demand dynamics are probably bearish to neutral at best for now, but, positive signs ...

2023-03-28 12:56:00 ET Summary In this article, I will attempt to present a broad guide for each major asset class - stocks, bonds, commodities and precious metals - and how investors should be looking to allocate to each over the next six to 12 months. Pension funds and instituti...