SZO News and Press, DB Crude Oil Short ETN From 12/26/19

Editor's note: Originally published at tsi-blog.com on December 25, 2019. [This post is an excerpt from a recent TSI commentary] Over the past three months, the year-over-year rate of growth in US True Money Supply ((TMS)), a.k.a. the US monetary inflation rate, has jumped from a...

Saudi Arabia and Kuwait confirm an agreement to resume oil production in a shared border region that can produce 500K bbl/day. More news on: Chevron Corporation, The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, Energy stocks news, Commodities news, News...

Welcome to the outage edition of Oil Markets Daily! "If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck." Following the attack on Saudi Arabia's oil facility, Abqaiq, in September, Saudi immediately reassured the market that it is the most ...

By Ovi @ peakoilbarrel Below are a number of oil production charts for Non-OPEC countries, created from data provided by the EIA's International Energy Statistics and updated to August 2019. Information from other sources such as the IEA and OPEC is used to provide a short-term outlook f...

Oil continued its upward momentum for the third consecutive week and rose to its highest level in six months. Brent crude advanced to $66.14 per barrel and WTI reached $60.44 per barrel. According to Baker Hughes data, the US oil rig count saw an increase of 18 rigs, the first double-digit g...

A Seeking Alpha reader asked me to comment upon a lengthy thesis that the oil market is about to make a regime change from a “regime of abundance” to a “return to scarcity.” And so the value of oil exploration and production (“E&P”) equities woul...

Last week, the price of active month NYMEX crude oil futures made a higher high. A pattern of higher weekly peaks has been in place during the past two months. In eight of the last nine weeks, crude oil has been grinding higher. In 2019, nearby WTI futures traded in a range from $44.35 to ...

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 58.80s as support. This expectation ...

The number of active drilling rigs in the U.S. jumps by 14 to 813, after coming in flat last week following seven straight weekly declines, according to Baker Hughes' latest survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long...

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...