Commodities Analysis & Opinion

The number of operating oil rigs in the US fell by 7 to 499. This is the lowest in 12 weeks and further confirmation that even with relatively favourable oil prices, producers are in no hurry to ramp...

While some in the marketplace are concerned about weak demand, a move by Saudi Arabia to raise their price for oil seems to suggest that they’re not that concerned. Consider the fact that the...

Gold and silver rebound as weak US data sparks hope for Fed rate cuts in 2024. Inflation remains a concern, but a potential economic slowdown could push the Fed to ease policy faster. Gold's long-term...

Not to overly dwell — let alone predict — by subject title, however, if we search our recollect (thank you Ken Starr), was it not by this time a year ago that we’d witnessed a few...

Crude Oil did not manage to challenge the previous highs even given a geopolitically severe situation. The $10/bbl correction from the April highs cannot go unnoticed and the bulls need to prove...

Gold, Silver and the miners declined this week but all remained above key support levels. Silver retested support at $26.30 and formed a bullish hammer today. Gold & gold stocks could decline more...

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...

Are there signs of a recovery in gas prices?Natural Gas Futures - Jun 2024 U.S. reached a one-week high at $2.06/MMBtu in anticipation of increased demand. This is due to an increase in the amount of...

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.)...

Brent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil...

Gold against the 60/40 portfolio is the most important Gold chart for 2024. I expect this chart to give a secular bull confirmation signal over the coming months. It’s end of April reversal...