SZO News and Press, DB Crude Oil Short ETN From 11/02/19

By OVI All data for this post is from the EIA's Petroleum Supply Monthly The charts below are primarily for the largest US oil producing states (>100 kb/d) and are updated to August 2019. If you are interested in additional states, let it be known. Ron has asked if I would take ov...

It was a good day for oil bulls with the commodity finally catching some upside after a few months of weakened prices. As seen in the following chart of this week's trading action, most of the gains seen in crude occurred on Friday and appear to have been in conjunction with an overall rally i...

We need to face it, as a nation we have a reliance on petroleum. - Lisa Murkowski That reliance recently faded away. The energy sector ( XLE ) is facing a major crisis as long as oil prices remain depressed. Weak Chinese GDP and oversupply of crude are putting pressure on oil prices in the...

The total count of active drilling rigs in the U.S. racks up its ninth decline in 10 weeks, falling by another 8 rigs to 822 in the latest weekly surve y from Baker Hughes. More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural G...

U.S. crude production surged 600K bbl/day in August to a record 12.4M barrels, enhancing the U.S. as the world's top oil producer, according to new data from the Energy Information Administration. More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, ...

KSA: A lot of work still has to be done. It´s been almost a year since KSA realized they made a mistake by increasing exports and oversupplying the market in 2018. This year´s oil price action is in thrall to last year events. However, KSA was really gone 180 degrees since Dece...

Following an oil spill which affected more than 200 beaches across the country, state-run oil company, Petrobras (PBR), has been hit with another potential issue, general strike action. The strike action is over the company's proposed annual wage hikes, which stand lower than the expected annu...

Welcome to the strong demand edition of Oil Markets Daily! EIA reported a very bullish oil storage report last week, but what's not being said so far is just how surprisingly strong overall product demand is this time of the year. Source: EIA, HFI Research How is it that overall pr...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here , but we’re back now taking a look at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of October 18, 2019. EIA reported a 1.7M barre crude...

Each time the crude oil futures market approaches the $50 per barrel level, it looks like déjà vu from the final quarter of 2018 these days. Last year, the price of nearby NYMEX futures cascaded lower from $76.90 in early October to a low at $42.36 per barrel in late December. On S...