By EconMatters
With the amazing drop in Oil Rigs just over the last two months, the pain for U.S. Oil Producers is just getting started, expect U.S. Oil Production to start dropping off a cliff. We delve into the Oil Data metrics as to why April, May and June are strong months to be invested from the long side in the Oil Market - the seasonally strong part of the market from a demand perspective.
By EconMatters
Today`s Baker Hughes Rig Count data spells real trouble for U.S. Oil Production for the remainder of 2016. At this pace, we are going to start having massive declines in U.S. Domestic Oil Production.
https://www.youtube.com/watch?v=S8jJ6awLiUI
© EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle
By EconMatters
The Oil Market focuses on some rather silly stuff at times, and the Production Freeze notion, is one such misdirection play. I would rather Bloomberg provide some market insight given their vast resources by reporting on how much Oil Iran is actually able to bring to market versus the rhetoric.
https://www.youtube.com/watch?v=duCY0pRlW74
By EconMatters
When you are already pumping as much oil as you possibly can - by default - you are forced to freeze production, or agreeing to a production freeze.
https://www.youtube.com/watch?v=S84GJJO8DcU
© EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle
By EconMatters
The typical buy the rumor sell the news trading day in the oil market. The RBOB and HO product contracts along with Brent contract expire tomorrow, watch for spikes at the close. This Friday is loaded with economic reports including the Employment Report and the Baker Hughes Rig Report where we saw a drop of 15 last week.
https://www.youtube.com/watch?v=6bE7-Idsspw