Oil 12 (Feb 21 - Sep 23)

[behappyalways]

俄打七折"甜蜜價"綁長約賣油 沙烏地阿拉伯買低價精煉油 賣高價自產原油"不賺白不賺"｜20220901｜@王志郁Plus
https://m.youtube.com/watch?v=wyqo2eHoyyE

[behappyalways]

Brent Crude Plunges Below $90, Posing A Major Challenge For OPEC+
https://www.zerohedge.com/commodities/o ... lenge-opec

[winston]

$100 Oil is Here to Stay

by Brett Eversole

Today, we’re at about 600 rigs. And that’s still a long way off from recent highs of about 900.

In short, we likely won’t get enough supply online to outpace demand anytime soon. And that means prices could stay where they are – or go even higher – for years yet.

Source: DailyWealth.com

https://dailytradealert.com/2022/09/08/ ... e-to-stay/

[behappyalways]

Biden Withdraws Record Amount Of Crude From 'Strategic Midterm Reserve'
https://www.zerohedge.com/political/bid ... rm-reserve


Biden Admin Reportedly Ready To Refill Strategic Petroleum Reserve At $80/BBL
https://www.zerohedge.com/energy/biden- ... um-reserve

[behappyalways]

俄斷氣歐能源危機加劇 OPEC+減產雪上加霜 TVBS文茜的世界財經周報 20220911
https://m.youtube.com/watch?v=B6csVZvb6mw

[behappyalways]

Just Kidding' - US Denies Plan To Refill SPR With Sub-$80 Oil
https://www.zerohedge.com/energy/just-k ... sub-80-oil

[winston]

Oil prices edge down, recession fears back in focus

SINGAPORE: Oil prices fell on Friday amid recession fears and a stronger U.S. dollar, though losses were capped by supply concerns after Moscow's new mobilisation campaign in its war with Ukraine and an apparent deadlock in talks on reviving the Iran nuclear deal.

"However, a sharp fall in the U.S. SPR and drawdown in inventories may still keep oil prices supported at some point as there is still an inevitable undersupply issues in the physical markets, while Iran's nuclear deal is in stalemate," she said, referring to crude oil in the U.S. Strategic Petroleum Reserve which dropped last week to its lowest since 1984.

"Supply risks and tight market conditions should give oil some support above the $80 level, but a quicker tumble to a global recession will keep prices heavy."

A senior U.S. State Department official said that efforts to revive the 2015 Iran nuclear deal have stalled due to Tehran's insistence on the closure of the U.N. nuclear watchdog's investigations, easing expectations of a resurgence of Iranian crude oil.

Source: Reuters

https://www.thestar.com.my/business/bus ... k-in-focus

[behappyalways]

How Big A Problem Is America's Shrinking Oil Reserve?
https://www.zerohedge.com/energy/how-bi ... il-reserve

[winston]

Oil prices: Expect a 'few years of pain' after 2022, analyst says

by Ines Ferré

He doesn't think that gasoline prices in 2023 are "going to be much more expensive than what we saw in the summer of 2022. But I do believe that the bias is toward higher prices for energy as opposed to lower.

The current demand for certain U.S refined products has been high and a harsh winter could impact supplies. Diesel and heating oil and jet fuel — those are the products to watch.

source: Yahoo Finance

https://finance.yahoo.com/news/oil-pric ... ?.tsrc=372

[behappyalways]

Biden Draining SPR Like "Campaign Credit Card" For Midterms
https://www.zerohedge.com/political/bid ... d-midterms