OILX News and Press, UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B From 09/13/23

2023-09-13 02:00:00 ET Summary Recently, there have been quite large changes on the world markets from the point of view of exports/imports of crude oil and petroleum products. According to the Market Intelligence GTAS Forecasting, Saudi Arabia is the main oil exporter followed by...

2023-09-12 00:25:00 ET Summary In August, China’s exports declined 8.8% vs. the same month a year ago. This was bad, but better than July’s 14.5% decline. China’s imports also declined 7.3% in August, which was bad but better than the 12.4% decline in July. ...

2023-09-11 14:20:00 ET Summary The dollar has been higher for the last 8 weeks. The Fed raising rates and holding them higher for longer is contributing to that rise. We are starting to see tremors of volatility in currencies, from the Mexican peso to the Japanese yen. The Fed may...

2023-09-08 00:20:00 ET Summary U.S. June oil production increased by 207 kb/d to 12,844 kb/d. The large increase is primarily due to a 147 kb/d increase in the GOM. The August STEO forecast for June production was 12,676 kb/d, low by 168 kb/d. While overall US oil production i...

2023-09-07 11:00:00 ET Summary Refinery margins have been volatile in recent months due to tight inventories and a number of outages over the summer. We expect margins to remain volatile and relatively elevated, given the tightness in middle distillates, along with the lack of new...

2023-09-06 11:45:00 ET Summary The price of crude-oil grade WTI rose to $87.12 per barrel this morning, the highest all year, the highest since November 2022. June 2023 had marked the end of the oil price plunge from the peaks in March and June 2022. The US became a net export...

2023-09-05 23:45:00 ET Summary The ADP and Labor Department data came into alignment last week, but all three jobs reports were more subdued than expected. In addition to the monthly payroll report, the Labor Department is also expected to dramatically reduce past statistics for o...

2023-09-05 03:20:00 ET Summary A burgeoning bull market in uranium (that no one is talking about). Bullish energy fundamentals point to higher prices. Manufacturing PMIs continue to support move higher in leading indicators of growth and inflation. One Th...

2023-09-01 21:30:00 ET Summary Given the fact that equity valuations are so extreme and at such a precarious time in the economic cycle, it’s probably wise to maintain a defensive position in the markets. In fact, I would argue that it calls for maximally defensive position...

2023-09-01 08:00:00 ET Summary The EIA’s Short-Term Energy Outlook was revised higher in August compared to July. World C+C output is expected to decrease in the second and third quarters of 2023 and then increase over the next 5 quarters. The STEO expects flat tight oi...