US Crude Benchmark WTI Flips into Backwardation – Is It Ready for a Bull Market?
The NYMEX WTI crude futures curve flipped into backwardation this week, breaking a three-year uninterrupted spell of contango. The front two...
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Chart of the Day: DUC à L'outrance
As previously highlighted (Oil: DUC, You Sucker! & Oil: DUC Season), the US Energy Information Association (EIA)'s monthly data on 'drilled...
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US Crude Output Becomes an Unlikely Wildcard for Oil Market
For anyone needing an informed view on crude’s price band in the short- to medium-term, getting a handle on the trajectory of US tight oil...
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Chart of the Day: OPEC Impotence
Conventional wisdom holds that the oil price's recent partial recovery with Brent poking its eyebrows back back above $60 per barrel shows that...
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Chart of the Day: Saudi America
Even as Mohammed Bin Salman's revolution in Saudi Arabia continues to gather pace, the US's shale oil revolution, which is the proximate cause of...
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