13 Sep 2024
Investors are currently holding one of the lowest long positions in WTI oil contracts in the last ten years.
Surce; Bloomberg, Tavi Costa
13 Sep 2024
⚠️GLOBAL OIL DEMAND GROWTh FELL TO THE LOWEST SINCE THE COVID CRISIS⚠️
World consumption rose by 800,000 barrels a day in H1 2024, a 1/3 of the growth seen in H1 2023. THE LOWEST rate since demand crashed in 2020... Source: Global Markets Investor
11 Sep 2024
Oil prices tumble to their lowest level since December 2021 on global growth worries.
Brent crude dropped <$70/bbl after the Saudi-led OPEC cut its growth projections for the world's appetite for oil. Source: HolgerZ, Bloomberg
6 Sep 2024
Crude Oil closed below $70 a barrel today for the first time since last December and is now down 3% on the year.
Source: Charlie Bilello
28 Aug 2024
Oil market warnings grow as OPEC+ decision nears
Source : Bloomberg
26 Aug 2024
Crude Oil falls to lowest price since January
Source: Barchart
21 Aug 2024
Another shocking chart: oil in gold terms at 40 year low
Source: www.zerohedge.com, Bloomberg
21 Aug 2024
2 key takeaways from saudi budget data in the 1st half of 2024
1. Saudi needs oil at $95 to balance its budget. 2. Adding domestic investments by the sovereign wealth fund, the figure rises to $112. If Oil price stays at this level ($77), deficits are likely to persist. Source: Bloomberg, @ZiadMDaoud on X
