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I was shocked to hear there was gambling going on at Ricks Café and equally shocked to hear that Biden’s price caps on Russian oil have failed. In 2022 the administration of Joe Biden...
ADNOC increased its oil production capacity to 4.85 million bpd ahead of the next OPEC meeting. The country’s stated aim is to reach 5 million bpd capacity by 2027. OPEC’s current...
Global Data: Aramco is leading oil companies in AI investment. Saudi Aramco spent $3.5 billion on research and development last year. As for AI itself, the technology was deployed in areas such as oil...
Commodity volatility went crazy as the Federal Reserve signaled, “the lack of further progress on there are inflation target in recent months” shook up a whole host of commodities. We...
This year’s uptrend line in Crude Oil is about to be tested. Differences between the various medium-term charts may show up because of the methodology used for drawing (nearest futures etc.)...
Crude Oil longs have to show up as another important uptrending support line is being tested. Positive seasonality combined with geopolitics may be the bulls’ rationale for a continuation of the...
Oil prices, after dipping yesterday on ceasefire talks, reacted to an announcement of the start of an important Canadian oil pipeline and a report that Biden will ease sanctions on Russian banks to...
Oil prices are coiling as the market tries to determine whether a push by US Secretary of State Anthony Blinken to convince Hamas to release hostages in return for a cease fire will bear any fruit....
Stagger Lee shot Billy DeLions and he blew that poor guy down. Yesterday’s gross domestic product showed higher inflation and lower growth than expected which brings back the memories of that...
The latest retail sales data suggests a robust consumer, leading economists to become even more optimistic about more robust economic growth this year. To wit: “It has been two years since...
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