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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - 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[meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 6 Feb 2024 - - - #### Supply constraints for oil are on the horizon, according to Occidental Source: CNBC [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![Supply constraints for oil are on the horizon, according to Occidental](https://blog.syzgroup.com/hubfs/6-4.jpg) ![Supply constraints for oil are on the horizon, according to Occidental](https://blog.syzgroup.com/hubfs/6-4.jpg) 31 Jan 2024 - - - #### Saudi Arabia has announced that it will stop pursuing the expansion of its oil production capacity, reversing a key goal in the oil's superpower strategy Supporters of the energy transition are celebrating, but geopolitics may be more important than what meets the eye. In a nutshell, Saudi Arabia manages together with Russia a very complex political and economic arrangement within the OPEC+ alliance. Riyad and Moscow are coordinating with other producers around the world in order to revive the global oil market, prevent production surplus and keep oil prices higher than non-OPEC producers' policies would. Source: Francesco Sassi [#oil|](https://blog.syzgroup.com/syz-the-moment/tag/oil) [#Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) ![Saudi Arabia has announced that it will stop pursuing the expansion of its oil production capacity, reversing a key goal in the oil's superpower strategy](https://blog.syzgroup.com/hubfs/1706687530296.jpg) ![Saudi Arabia has announced that it will stop pursuing the expansion of its oil production capacity, reversing a key goal in the oil's superpower strategy](https://blog.syzgroup.com/hubfs/1706687530296.jpg) 15 Jan 2024 - - - #### Oil prices jump back above $75 after the US and UK conduct strikes in Yemen. We are also seeing gold prices up on the news as fears of a larger war resurface. The primary motive for these strikes was the recent Red Sea attacks by the Houthi group in Yemen. Source: The Kobeissi Letter [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![Oil prices jump back above $75 after the US and UK conduct strikes in Yemen.](https://blog.syzgroup.com/hubfs/1705070610149.jpg) ![Oil prices jump back above $75 after the US and UK conduct strikes in Yemen.](https://blog.syzgroup.com/hubfs/1705070610149.jpg) 12 Jan 2024 - - - #### Iran seizes oil tanker involved in U.S. dispute off coast of Oman. Crude oil is up 2% on the news -\> Iran has captured an oil tanker previously involved in a Washington-Tehran dispute over carrying U.S.-sanctioned crude, state media said. -\> Earlier on Thursday, the U.K. Marine Trade Operations said an unnamed tanker was boarded by armed individuals near the Gulf of Oman and appeared to change course toward Iranian waters. .\> The tanker is embroiled in a dispute between Iran and the U.S. and previously surrendered Iranian crude to U.S. authorities following allegations of sanctions violations. -\> Bloomberg confirmed that the Marshall Islands-flagged tanker "St Nikolas" is the vessel that was hijacked. A previous report says that St Nikolas was seized by the US last year, sailing under a different name, "Suez Rajan," for transporting unauthorized Iranian cargo. -\> Empire Navigation, the vessel's operator, said the tanker was loaded with 145,000 tons of crude from the Iraqi port of Basra and was en route to Aliaga in western Turkey through the Suez Canal. It noted all communication with the vessel had been lost. -\> The hijacking incident was near another chokepoint: the Hormuz Strait between Oman and Iran. [#geopolitics|](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![Iran seizes oil tanker involved in U.S. dispute off coast of Oman. Crude oil is up 2% on the news](https://blog.syzgroup.com/hubfs/1704995470546.jpg) ![Iran seizes oil tanker involved in U.S. dispute off coast of Oman. Crude oil is up 2% on the news](https://blog.syzgroup.com/hubfs/1704995470546.jpg) 8 Jan 2024 - - - #### A topping pattern on crudeoil? Or simply finding support at a long-term trendline before a move higher? This one needs to be watched closely A great chart from Frank Cappelleri thru Ryan Detrick, CMT. [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![A topping pattern on crudeoil? Or simply finding support at a long-term trendline before a move higher? This one needs to be watched closely](https://blog.syzgroup.com/hubfs/1704696352668.jpg) ![A topping pattern on crudeoil? Or simply finding support at a long-term trendline before a move higher? This one needs to be watched closely](https://blog.syzgroup.com/hubfs/1704696352668.jpg) 22 Dec 2023 - - - #### Red Sea disruption to oil supplies is overblown, argues Julian Lee. Why? 1\. Houthis unlikely to attack Russian ships heading to India & China 2. Saudi pipeline can bypass Bab Al Mandab 3. Iraqi & Saudi shipments to the US don't go through the red sea Source: Bloomberg, Ziad Daoud [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![Red Sea disruption to oil supplies is overblown, argues Julian Lee. Why?](https://blog.syzgroup.com/hubfs/1703232067925.jpg) ![Red Sea disruption to oil supplies is overblown, argues Julian Lee. Why?](https://blog.syzgroup.com/hubfs/1703232067925.jpg) 20 Dec 2023 - - - #### The US added the equivalent of a new Venezuela in oil supply during Q4, with less rigs producing more oil as technological efficiency ramps up This supply growth has exceeded expectations and furled OPEC's attempt to put a floor under prices, at least for now. Source: Markets & Mayhem, Bloomberg [#United States|](https://blog.syzgroup.com/syz-the-moment/tag/united-states) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![The US added the equivalent of a new Venezuela in oil supply during Q4, with less rigs producing more oil as technological efficiency ramps up](https://blog.syzgroup.com/hubfs/1702993707054.jpg) ![The US added the equivalent of a new Venezuela in oil supply during Q4, with less rigs producing more oil as technological efficiency ramps up](https://blog.syzgroup.com/hubfs/1702993707054.jpg) 7 Dec 2023 - - - #### Maybe oil is not that irrational... As shown on the chart below, Oil (purple line) keeps following the Citigroup US Macro Surprises index (yellow line) The weaker the data, the lower the prices. Sounds logical. Source: TME [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![Maybe oil is not that irrational... As shown on the chart below, Oil (purple line) keeps following the Citigroup US Macro Surprises index (yellow line)](https://blog.syzgroup.com/hubfs/1701895608690.jpg) ![Maybe oil is not that irrational... As shown on the chart below, Oil (purple line) keeps following the Citigroup US Macro Surprises index (yellow line)](https://blog.syzgroup.com/hubfs/1701895608690.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/27) [26](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/26) [27](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/27) [28](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/28) [29](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/29) [30](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/30) [❯](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/29) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/31?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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