Member Info for Larry_Livingston

An interesting article on US Shale industry dynamics

More Oil, Fewer U.S. Rigs: Hey Saudis, Something to See Here:-

https://uk.investing.com/analysis/more-oil-fewer-us-rigs-hey-saudis-something-to-see-here-200580127

If it’s true then one less uncertainty removed for now in this jittery market conditions at the moment.

https://www.bbc.co.uk/news/world-us-canada-65736734

Is there another Gamma Hedging effect part 2 to come like the Banking panic in March (previous article I posted in March).

https://oilprice.com/Energy/Energy-General/Short-Sellers-Are-Taking-Control-Of-Oil-Markets-Once-Again.html

It looks like another turmoil is brewing like 2011, it seems the Americans are addicted to it this year. 1st June deadline.

https://www.ft.com/content/7b523066-9b1a-4a91-8912-48983557eaf2

Hi Boyo that was my thoughts exactly and then who can say the recent OPEC+ cuts is not politically motivated retaliation if that was true

Hi Ggp that’s a good analysis and I agree that the Energy market (Oil & Gas) is difficult to understand since the G7 oil embargo was implemented and created a black market with Exporters and Importers reluctance to provide accurate data of Russian Oil. I recently read that even Saudi Arabia are importing Russian crude on the cheap then refining it to resale it but I’m sure they are not the only one.

Hi Boyo yes with Inflation and Economic data out next will provide an indication to me and hopefully in a positive way. Let’s see what the future holds.

Tue China GDP growth rate for YoY and QoQ, Industrial production rate YoY, Retail sales YoY
Wed UK and EU inflation rate
Fri Uk, Us and Eu PMI data

https://tradingeconomics.com/calendar

https://www.fxempire.com/news/article/opec-cuts-partly-due-to-reshaping-of-global-oil-flows-iea-says-1337568

https://uk.investing.com/news/commodities-news/oil-inches-up-on-tightening-supply-iea-demand-outlook-to-come-2984304

https://oilprice.com/Energy/Energy-General/IEA-Sees-Global-Oil-Demand-Hitting-Record-High-In-2023.html

OPEC+ announces surprise oil cuts, while U.S. calls the move inadvisable
https://www.cnbc.com/2023/04/02/saudi-arabia-and-opec-producers-announce-voluntary-oil-output-cuts.html

https://oilprice.com/Energy/Energy-General/Standard-Chartered-Blames-Gamma-Hedging-For-Overdue-Oil-Selloff.html

https://oilprice.com/Energy/Oil-Prices/Standard-Chartered-Oil-Prices-Likely-To-Head-Higher.html

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Near-75-As-Russia-Extends-Output-Cut-Through-June.html

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Is-More-Optimistic-On-Chinas-Oil-Demand-Growth-In-2023.html

I don’t know why the RNS here is not showing but the £ equivalent is 24.11 ps has been announced today.

https://www.proactiveinvestors.co.uk/LON:SHEL/Shell-PLC/rns/1284965

https://www.ft.com/content/5940c650-ae5d-4465-919c-d3359967e03a

https://oilprice.com/Energy/Energy-General/Shell-Considered-Relocating-To-The-US-In-Pursuit-Of-Higher-Value.html

Hi Boyo, just wanted to say looking at the Brent chart you posted on Sunday 26th, it looks to me that since the Low Brent made in December it’s been building up for a Breakout (the 3 waves) whether it’s to the upside or Downside let’s see follow-ups hold.

Hopefully the Chinese economy data over next 2 days will be positive to counterbalance the bearish effect of Inflation and Higher Interest rate on Oil.

Oil rebounds about 2% on China growth hopes:-
https://uk.investing.com/news/commodities-news/oil-steadies-after-fall-on-fear-of-rate-hikes-rising-inventories-2930600

Happy birthday NSS, life is just too short to live it in any other way to me
So grab a fork cos the best is yet to come!

Have a good one

https://uk.investing.com/analysis/chinas-oil-demand-recovery-remains-mixed-despite-full-economic-reopening-200561985

https://oilprice.com/Energy/Oil-Prices/What-The-Business-Cycles-Tell-Us-About-Oil-Prices.html