BUSINESS
In London, you can trade commodities while the regulators sleep
The 2022 nickel crisis started in an obscure corner of the financial market — but it could have spread far beyond
BUSINESS
Kremlinology, oil traders and the future of OPEC+
Vladimir Putin made the cartel stronger — remove him and the Saudis have a problem
BUSINESS
For big oil, green is out, black is back
Shell pivots back to hydrocarbons looking to boost returns
BUSINESS
Saudi Arabia's solo oil production cut is a risky strategy
By implementing a unilateral output reduction, Riyadh is hoping to boost crude prices
WORLD
OPEC+ challenge is overcoming an internal squabble
Saudi-UAE tension on production quotas could determine fate of the crude market for months
BUSINESS
Saudi Aramco's $2 trillion valuation is an illusion
Too few shares trade for typical price discovery metrics to apply to the oil giant
BUSINESS
OPEC+ is trapped in an inflation storm of its making
A barrel of oil just doesn't buy as much as it used to for oil producing countries. Inflation has become a major issue because they import manufactured goods. When adjusted for inflation, $75-a-barrel oil of 2023 has the same purchasing power as the $55-a-barrel a decade ago
BUSINESS
The oil market’s real weakness is supply, not demand
Sanctioned producers are finding ways to get their crude to market.
BUSINESS
Higher oil prices mean Wall Street's shale investments will finally pay off
Shale investors recovered about 50 cents for each dollar they invested during the 2010-2020 period. But last year, shale grew strongly enough to push overall US petroleum output to an all-time high
BUSINESS
Glencore envisions a super-sized king of coal
The world’s biggest commodity trader sees spinning off a highly profitable mining giant
BUSINESS
Can Exxon and Chevron master oil trading? It won’t be easy
US oil companies are envious of how much money their European peers are making from trading oil and gas. But do they have the stomach for it?
BUSINESS
OPEC+ isn’t panicking about oil’s sudden drop — yet
Crude’s decline is being blamed on speculative money exiting the derivatives market, rather than economic fundamentals
BUSINESS
Long-dated oil prices are too low for comfort
The futures market is mispricing the outlook for crude
BUSINESS
The myth of the inevitable rise of a petroyuan
Gulf oil producers aren’t interested in selling crude in China’s currency
BUSINESS
To buy or to build? The mergers and acquisitions case for Glencore
The commodities giant has a giant war chest to expand its mining and trading empire
BUSINESS
The OPEC+ oil plan for 2023 brings new inflationary risks
Leaving crude output flat may inflict higher energy costs on the global economy
BUSINESS
Don't say it out loud, but BP is back into petroleum
The oil giant hasn’t pulled a U-turn on going green, but it isn’t moving in a straight line either
BUSINESS
Why can't Tesla drive US oil demand lower? Plastics
US consumption of fossil fuels is heading toward records even amid the electric-car boom
BUSINESS
The Warren Buffett way to profit from the energy crisis
The Oracle of Omaha struck a gusher with his stakes in Japan’s major trading houses
BUSINESS
OPEC+ is gambling with the global economy
The Saudi-Russian oil axis snubs Biden with production cuts
WORLD
Talk of an oil market recession is overblown
The oil market suffered a brutal selloff this week, prompting concern about a repetition of the 2008 boom-and-bust cycle. Back then, Brent jumped to a record high of almost $150 a barrel in July but ended the year below $40 as the global financial crisis deepened. This time, though, weakness in the financial oil market is at odds with the strong physical crude market.
BUSINESS
The oil price shock will reverberate into next year
There’s no end in sight for the price spike as supply struggles to keep up with demand.
BUSINESS
In the oil market, the strong US dollar is the world’s problem
Crude is trading at a record in many local currencies. That will eventually lead to demand destruction
BUSINESS
Saudi Arabia’s chief oil whisperer spills some of his secrets
‘Oil Leaders’ shows that when the White House and the Saudi royal palace are aligned, Riyadh is willing to go to great lengths to talk the market down, even if that means lower revenues.
