The leading economics blog online covering financial issues, geopolitics and trading.
Something unprecedented happened last November when OPEC sat down in Vienna to hammer out the final terms of its oil production cut deal (which, incidentally,…
With Tesla’s stock price down 15 percent in the last few weeks, amid a roaring market, it appears doubts about Elon Musk's omnipotence are creeping…
Nearly 20 states have raised gas taxes or recalculated gas-tax formulas in recent years to generate additional revenues. Which, of course, is an extremely politically…
Two years ago, when Saudi Arabia launched an unprecedented campaign to crush high-cost oil producers, in the process effectively putting an end to the OPEC…
On Saturday, China said that it was suspending all imports of coal from North Korea as part of its effort to implement United Nations Security…
While energy traders remain focused on weekly changes in crude supply and demand, manifesting in shifts in inventory of which yesterday’s API data and today’s…
While much has been said about the impact on the dollar from the proposed Border Tax Adjustment, which may or may not be implemented depending…
It is just day two of his presidency, and already Trump is taking a sledgehammer to the Obama legacy: in his latest move reported moments…
A couple of weeks ago we highlighted the protests that had engulfed Mexico after the finance ministry announced plans to raise gasoline prices by 20.1…
One month ago, we were surprised to report that while oil traders and analysts were expecting OPEC member nations to, at least initially, pretend to…
Two weeks ago we previewed that the U.S. Department of Energy could begin to sell off some of its strategic petroleum reserve (SPR) as soon…
One day after Exxon announced it would sever ties with its former CEO and Chairman, Rex Tillerson, who is slated to become Trump's secretary of…
Back on December 15, two weeks ahead of the day the OPEC production cut agreement was set to begin, according to which some 1.2 million…
Oil prices hit 18-month highs on the first full trading day of 2017, following reports by Al-Ansa newspaper that OPEC member Kuwait has cut output…
While Mexico has reasons to be concerned about the upcoming presidential inauguration of Donald Trump, who has vowed to make life, and especially trade relations,…
OPEC is currently pumping crude at a record rate yet has managed to fool algos and "experts" into bidding up crude to multi-month highs on…
After suffering two record budgets shortfalls in 2015 and 2016 as a result of plunging oil prices, which nearly brought both Saudi Arabia's economy and…
In a move that will likely be overturned promptly by the administration of Donald Trump, president Obama on Tuesday formally blocked offshore oil and gas…
The Bible’s book of Galatians, VI teaches, «as you sow, so shall you reap». And for Saudi Arabia, which has overtly and covertly supported rebellions…
Just hours before the November 30 Vienna OPEC meeting, whose outcome sent the price of oil soaring, Dennis Gartman had a recommendation: "we are short…