U.S. Crude Inventories Fall As Brent Prices Soar
Crude oil inventories in the United States saw a decrease of 400,000 barrels during the week ending September 4, according to new data from the U.S. Energy Information Administration (EIA)…
Energy
The Commodity Bull Market Just Entered a Dangerous New Phase
Readers are familiar by now with the broad-based commodity rally, with energy, agricultural products and metals moving sharply higher as former Goldman Sachs commodities head Jeff Currie warned this summer…
Negative Power Prices Are Piling Up Across Europe
Europe desperately needs to ramp up its energy storage capacity if it wants to avoid another energy crisis. In the wake of Vladimir Putin’s invasion of Ukraine back in 2022,…
Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens
For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end…
Why The U.S. Is Racing To Lock Down Iraq’s Most Explosive Geopolitical Gas Prize
Sharing its eastern border with Iran, its northern border with Turkey, its western border with Syria and Jordan, and its southern border with Saudi Arabia, Iraq is arguably the single…