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

In a recent post on Seeking Alpha, An 'Unprecedented Opportunity' in Oil Paradigm Shift , Mark Gordon, CIO of Ascent Oil Fund, argues that "We're about to move from the Age of Abundance to a Return to Scarcity." He says that the paradigm shift will have significant implications for energy s...

As the year draws to a close, OPEC continues to surprise oil market investors and participants. In a prior article, I detailed the group's decision, alongside its non-OPEC partners, to cut production further beginning next year. That move should be bullish on the whole, but in its latest month...

In Part 1 of 'OPEC Fiddling With the Numbers,' I showed how their cuts were less than those reported under 100% compliance, and with the 'doubtful' cuts excluded, there is no cut. In Part 2, I show how creative accounting allows for higher production under the guise of cuts. OPEC made no m...

In a challenging macro environment for the energy space, the broad midstream universe has performed defensively this year. MLPs may finish down for the third consecutive year on a price-return basis given performance through December 10, with MLP performance substantially diverging from midstr...

Welcome to the disappointment edition of Oil Markets Daily! There are increasing signs of disappointing US shale growth projections for 2020. IEA and OPEC currently have +1.3 and +1.5 mb/d y-o-y (total liquids) for the US. IEA, in particular, has +0.9 mb/d for crude production growth y-o...

At the OPEC+ press conference on December 6 th , Saudi Energy Minister Prince Abdulaziz bin Salman claimed that the 500,000 b/d production cut was “fresh barrels” and that he was not “fiddling with the numbers.” But a country-by-country analysis shows the cuts addin...

In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 57.70s as support. This expectation ...

In the “ Declaration of Cooperation ,” OPEC and non-OPEC oil producing countries made a commitment to adjust their respective oil production levels, either voluntarily or through “managed decline.” Two non-OPEC members of the OPEC+ petroleum regulation club are re...

The bond market is generally considered more sophisticated than most other markets, which is often attributed to the fact that professional investors and institutions more typically trade bonds than do retail investors (whereas retail investors and other speculators less privy to information a...

It's been a terrible year for those invested in most oil names, and especially those in the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP ). While the S&P 500 ( SPY ) has managed to put up a robust double-digit return year-to-date, the SPDR S&P Oil & Gas Explo...