SZO News and Press, DB Crude Oil Short ETN From 12/11/19

December is shaping up to be a significant month for oil investors and the broader oil market. Crude prices have begun to rise following news that OPEC and its non-OPEC partners have agreed to a further reduction in production of around 0.50 million barrels per day. This move is taking with ...

Original Post By Stuart Burns After much delay and considerable uncertainty, Saudi Aramco finally got its IPO away, albeit only on the domestic Saudi market and not in New York, London or Hong Kong - yet. Shares were priced at $8.53, or 32 Saudi riyals. As such, the IPO will raise ...

By Adam Button The latest decrease in OPEC+ quotas, combined with an extra cut from Saudi Arabia sent oil prices 7% higher last week. Despite the move, the market has grown far too complacent about the risks in the sector and the murky outlook for 2020. CFTC positioning data showed a shi...

When there's a slide highlighting "checks and balances" in an oil producer's presentation, as seen in the appendix of EOG Resources' (EOG) 3Q19 presentation , that's probably a good sign of heightened political risk facing the energy industry. To state the obvious, election season is well und...

By Warren Patterson, Head of Commodities Strategy and Wenyu Yao, Senior Commodities Strategist Deeper cuts announced by OPEC+ in December should do a good job in supporting oil prices around current levels over the first quarter. But we still think the group will need to take...

By Bob Iaccino At a Glance Will Saudi Arabia continue being supportive of supply cuts? The price of oil will be key for the valuation of Aramco ([[ARMCO]]) shares. Anyone who has traded crude oil knows that, for the better part of five decades, the Organization of the Petroleum E...

On Dec. 7, 2018, HE Suhail Mohamed Al Mazrouei, UAE's Minister of Energy & Industry, and President of the OPEC Conference, announced that OPEC and non-OPEC members had reached a decision to jointly cut production by 1.2 million barrels per day, effective as of January 2019 for an initial...

Source: OPEC. At the OPEC Joint Press Conference on December 7, 2018, Russian Energy Minister Alexander Novak said his country had agreed to reduce its production by 228,000 b/d from the October level. Production had surged to its highest point (11.418 million barrels per day) ahead of the...

Several weeks ago I posted a trade alert article here on Seeking Alpha suggesting a very trade-able downside move that is setting up in crude oil. In it, I stated: Crude is moving into the 60 region that has been our target zone for some time now. Once this move up completes, which we su...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, recently published here , but we’re back now back to looking at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of November 29, 2019. EIA reported a draw this wee...