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I suggest digressing from geopolitics for a while and answering a simple question - from a fundamental point of view, is it a bull or a bear oil market now? And how to detect where the bear and bull phases of the market begin and end? What concerns my opinions on the questions posed, I do no...
Investment Philosophy In The Intelligent Investor , Benjamin Graham states, "the essence of investment management is the management of risks, not the management of returns." At the heart of this approach is loss minimization, deliberately protecting oneself against serious losses. Warren ...
OPEC rescheduled its meetings to take place on July 1 st and 2 nd next week from June 26 th . It was a sign of incredible weakness because the meetings had been scheduled six months in advance, and then the Russian minister recently said he had a scheduling conflict. And Russia is not even a...
Welcome to the US oil production edition of the Oil Markets Daily! There are a lot of misinformed readers out there today, so let us clear a few things before we get started. Weekly US oil production reported in the EIA weekly report is derived from EIA's short-term energy outlook or...
We recently had the honor to share our thoughts on the oil and gas equity markets with clients and friends. Ahead of these meetings and calls, we reviewed tens of thousands of pages of materials. From these pages, we gathered dozens of graphs, slides and macro analyses from a variety of source...
As the international oil cartel prepares to meet, the group that decides production policy for some of the world's leading petroleum producers have lost most of its influence in the market. While the market still watches OPEC, two of the three leading producers are not members. The triad that ...
As we’ve been saying for a while now, as refining inputs increased to more normal levels, inventories would fall… Wednesday, the data showed US crude inventory fell 12.79mil bbl (the largest decline in almost 3 yrs). Expectations were for a 2.8M bbl draw. While refining inputs ...
Note: This article was first published to HFI Research subscribers on June 16th. For more info about HFI Research, see here for details . In part 2 of this week's WCTW, we will explain why product storage isn't lower. In the case of this article, we will be focusing on gasoline, distillat...
Over the course of the last several months, tensions have been building around the tinderbox that is the Persian Gulf. The United States has been tightening the economic noose around the neck of its nuclear nuisance in Iran. Finally, economic hardship in Iran and inadequate and unequal support...
I recently wrote an article discussing how a negotiated settlement of the U.S. - Iran nuclear deal could impact the oil market. Given recent incidents, I discuss below how an armed conflict involving the U.S. and Iran might play out in the oil market. I will recount how the first Gulf War im...
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WALNUT CREEK, Calif. , Nov. 20, 2019 /PRNewswire/ -- United States Commodity Funds LLC (the "Company"), a sponsor of exchange-traded products, plans to close and liquidate two of its exchange-traded products. On November 20, 2019 , the Board of Directors of the Company authori...
WALNUT CREEK, Calif. , Sept. 23, 2019 /PRNewswire/ -- USCF announced today that it will execute a one-for-two reverse share split that will be effective for shareholders of the United States 3x Short Oil Fund (USOD), a series of the USCF Funds Trust, after the close of the markets ...
WALNUT CREEK, Calif. , Aug. 6, 2019 /PRNewswire/ -- USCF today announced that it has joined the Raymond James IAD ETF No-Transaction-Fee (NTF) platform providing access to all thirteen of their exchange-traded funds and products. "We are excited to expand our suite of fun...